cash: FHA-Did You Know? - 05/14/08 03:38 AM
Monthly MI is not required on loans with a 15 yr term and an LTV of 89.99
or less.
 FHA does not have a declining markets policy
 United States Citizenship is not required for eligibility  (borrower must
be a lawful permanent resident alien with valid social security card and
evidence of lawful permanent residency - loans can also be made to non
permanent borrowers with proper documentation)
 A spouse and or spouse/children are considered occupant owners when the
other spouse is in the US Military and stationed elsewhere
 HUD will generally not insure more than 1 FHA loan at a time … (6 comments)

 

Jennifer Butz

Lilburn, GA

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