Real estate blog entries tagged with fha requirements

Blog entries tagged with "fha requirements":

fha requirements: FHA and the Appraisal Process: Safety, Security, and Soundness - 08/05/08 10:48 AM

As the mortgage meltdown continues, I am seeing more and more loans going through HUD/FHA. Furthermore, with all of the bank owned properties on the market, I'm noticing a lot of MLS listings that state: "will not qualify for FHA financing". On top of that, FHA requirements are new to many … (2 comments)

fha requirements: Conditions that require automatic repair for FHA - 07/28/08 11:39 AM

With the focus again leaning towards FHA as well as the changes in guidelines over the last few years, I thought it would be a good idea to recap FHA guidelines. FHA has shifted its stance which included the repair of minor property deficiencies and now only requires the repair of those conditions … (5 comments)

fha requirements: What's with the Kinder, Gentler FHA Loan? (Part 2) - 06/04/08 10:40 AM

I promised I would give you updates on my FHA transaction I'm working on. The buyer's loan approval was due yesterday (6/3), however-FHA did an appraisal review and they are having a second appraiser go out today. The loan officer did say that they are putting a "rush" on the second … (8 comments)

fha requirements: What's with the Kinder, Gentler FHA Loan? - 05/28/08 02:31 PM

Am I missing something here?
I work in an area that up till now rarely dealt with FHA loans due to the high home sales prices and low FHA loan caps.
I just started working on a pending sale transaction where the buyer is going with an FHA loan. Horror of … (6 comments)

fha requirements: Requirements for New FHA-Insured Loans: For Tennessee and Nationwide - 05/07/08 01:43 AM

Requirements for New FHA-Insured Loans:
___New FHA loans must be properly underwritten and must be based on current appraised value of the house and borrower's documented income (borrowers with higher - but not disqualifying - debt levels would need to make six months of timely payments at the new payment level to … (0 comments)

fha requirements: FHA Loans - FHA Loan Requirements Update - 05/02/08 01:54 PM

FHA Loan Requirements have changed for borrowers who do not have an established credit history or do not have a credit score to qualify for conventional mortgage financing. The Federal Housing Administration (FHA) has allowed for borrowers who lack a credit profile with Experian, Trans Union or Equifax to use other types … (1 comments)

fha requirements: Save the Economy! Bring back the Good Old Days. - 02/01/08 06:19 PM

For those of you who can't "hark back" to before FHA permitted assumption of mortgages without qualification, this would revive the economy. Back then people could rub two cents together and buy a property with no inspection of qualifications because they could put, OMIGOSH- money down.
How would this help? Let me … (0 comments)