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credit challenged: Credit challenged? Trying to obtain a mortgage? Try these tips for FHA financing!
- 06/05/08 03:02 PM
Have you had credit challenges in the past? Are you trying to obtain FHA financing. FHA uses common sense underwriting. They realize that bad things happen to good people. As one of my previous managers put it: Look at your loan like a court case. Your loan officer is your attorney. The underwriter is the judge. Your loan file is your evidence. Your loan file needs to be well documented to make the underwriter (judge) understand what happened to you in the past.
With that said, you would not go to court unprepared, correct? So, it is well worth your time … (2 comments)
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Have you had credit challenges in the past? Are you trying to obtain FHA financing. FHA uses common sense underwriting. They realize that bad things happen to good people. As one of my previous managers put it: Look at your loan like a court case. Your loan officer is your attorney. The underwriter is the judge. Your loan file is your evidence. Your loan file needs to be well documented to make the underwriter (judge) understand what happened to you in the past. 
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