FHA appraisals can be tricky to understand, depending on the outcome. For example, we get asked several times a year why an FHA appraiser required corrections on cracked or peeling paint on surfaces in a given home.The question is usually associated with the seeming cosmetic nature of these corre...

08/29/2015

FHA Loans And Non-Purchasing Spouses

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There are a lot of questions asked about FHA loans and how spouses can buy together. Can the FICO scores of one spouse make up for the lower scores of the other borrower? Can one spouse's income offset the lower income of the other? How does state law factor into FHA loan applications when spouse...

08/23/2015

FHA Loan Rules: Income From Government Assistance, Military Benefits

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We've written elsewhere about the importance of the borrower's verifiable income when it comes time to fill out an FHA loan application and have the lender review the amount of money coming in versus how much goes out for financial obligations. A borrower's employment income is very important, bu...

08/13/2015

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