employment: FHA 203K Renovation Mortgage Program Overview/Updates - 02/13/11 05:31 AM
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 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)

employment: USDA Financing Mortgage Program Updates - 10/03/10 11:40 AM
USDA Program Basics







 

USDA Guideline FAQ - Appraisals (Also see Property Conditions)
 


USDA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
 



USDA Guideline FAQ - Credit









USDA FAQ - Income/EmploymentBusiness Expense Deductions vs Qualifying for a Mortgage


USDA Guideline FAQ - Loan Limits


USDA Guideline FAQ - Miscellaneous

USDA Announces 2011 Funding Availability  


USDA Guideline FAQ - Property Condition 


New Carpet or Carpet Allowance? 
Please check back for program updates … (1 comments)

employment: FHA Financing Mortgage Program Overview/Updates - 09/28/10 05:07 AM
 
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)