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 per borrower

(exceptions can be made - please ask for details)

 Cash saved at home is an acceptable source of assets (ask for details on

how to document)

 Reserves are generally not required on most transactions and HUD even

considers as little as 3 months of reserves to be a Compensating Factor

 Job Stability (length of time on the job) and Good Credit are not

compensating Factors