manual underwritng: FHA Guides for Buyers with No Credit History: PLEASE READ! - 10/26/09 01:38 AM
Recently, I had a well qualified buyer with a great job, no debts, solid savings, and no credit history.   This very responsible, hard-working individual had paid off her school loans and car.  All that sounds fantastic, doesn't it?  Yet, my buyer client encountered difficulty in obtaining an FHA loan, something which surfaced "in the eleventh hour" prior to settlement.  Needless to say, the buyer had to switch lenders to find one willing to take a risk on her loan. This caused considerable stress and frustration to both the buyer and seller.  Interest rates increased after the rate lock expired. The seller's new home … (2 comments)

 

Roseann Annis

Camp Hill, PA

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Prudential Homesale Services Group

Address: 3435 Market Street, Camp Hill, PA, 170111

Office: (717) 761-7900

Mobile: (717) 497-3936

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Reaching out to customers, clients, and colleagues to share timely news and views about real estate. Promoting the integrity of real estate professionals. Educating buyers and sellers about the local real estate market. Inviting social networking and commentary about timely real estate topics and issues.


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