FHA 203K Guideline FAQ - Appraisals (Also see Property Conditions)
FHA 203K Guideline FAQ
FHA 203K Guideline FAQ - HUD Homes Buy a HUD Home in Georgia for Only $100 Down
FHA 203K Guideline FAQ - Miscellaneous
FHA 203K Guideline FAQ - Property Condition
FHA Basic Guidelines FHA (0 comments)
employment: You Have My Pay Stub, Why Do You Need to Verify My Employment?
- 02/11/11 12:46 PM
You have my pay stub, why do you need to verify my employment? I recently had a borrower ask this question. They couldn't understand why we needed to contact their employer to verify their employment. A Verbal Verification of Employment is nothing new in the underwriting guidelines. In fact, it has been required as long as I have been in this business. The Verbal Verification must be completed within a few days prior to the closing date. This is to ensure that the borrower has not recently quit their job or been released for their employment. Believe it or not, I (2 comments)
FHA Program Basics Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations FHA Minimum Down Payment Increases to 3.5% on Jan 1st
FHA Guideline FAQ - Appraisals (Also see Property Conditions) FHA Appraisal Transfer Changes Effective January 1, 2010 FHA Appraisal Validity Period Change Effective January 1, 2010
FHA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
FHA Guideline FAQ - Condominiums Getting a Gift for Closing Funds??? - Know the FHA Rules
10 Questions You and Your Buyers Must (0 comments)