2009 FHA Blog Part 2: Cover Your Assets! FHA Documentation Requirements for Down Payment - 05/13/09 06:42 PM
Tight markets = Tight underwriting, simple as that.  Let's touch on one thing that comes up time and time again on FHA purchases: Funds to close.
In working with almost solely FHA loans on a daily basis, it has become clear to me that my next installment here must cover the documentation of assets.  A failed attempt at asset documentation can send that red flag up the pole real quick if not careful.  When I step into a "conventional fallout" situation this is one of the biggest obstacles I have to overcome in many cases. With these declining market restrictions, documenting … (4 comments)

 
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Kevin Weaver

Cincinnati, OH

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