fha: New well requirements for FHA loans
- 11/25/15 02:42 AM
FHA has issued new REQUIREMENTS for private wells. This is not a bank requirement, this is a requirement direct from FHA and is a big change. This is for FHA case numbers issued after September 14, 2015 – so likely affects any transactions you currently have in place. This is currently only for FHA loans.
New Construction Lead-Free piping Provide bacteriological test Connect to local water supply if available Well test must be performed and deliver a 5 GPM over at least a 4 hour period. Existing Construction Existing wells must deliver water flow of 3-5 GPM … (1 comments)
423 WESTWOOD MOYIE SPRINGS, ID 83845 - $125,000 3 Bedroom | 2.5 Bathroom | 1736 sqft. Listing No. SEE THE VIRTUAL TOUR! Visit www.tourfactory.com/1223982 to see additional photos and information about this property. DESCRIPTION Wow a great opportunity to own this HUD home. This 2 story home is 1736 sq ft in a quiet neighborhood of nice neat homes and has a 2 car garage. Plenty of room in this 3 bedroom 2.5 bath with both a living room and a family room. It features bay windows, ceiling fans, recessed lighting, sliding glass door in the … (2 comments)
fha: How long until I can get a loan after a bankruptcy or shortsale
- 07/11/14 03:45 PM
The last few years a record amount of homeowners wound up facing a foreclosure, shortsale, or bankruptcy with extenuating circumstances like a job loss, wage cuts, or medical bills. Now many of those home owners are ready to buy a home again and asking just how long do I have to wait to get a home loan? Cathy at Evergreen Mortgage in Sandpoint Idaho was nice enough to help me out so that I could provide you with a list of time frames.
WAITING PERIODS REQUIRED FOR SIGNIFICANT DEROGATORY CREDIT EVENTS … (1 comments)
You can find out if a condo is eligible for a FHA loan by going to
https://entp.hud.gov/idapp/html/condo1.cfm I usually fill in just the zip code. Be sure to look on the far right to make sure that it is completed and not expired.
Condos have so many different considerations, it is important to get an agent and a lender who is experienced to guide you through the buying process. The Condominium is Non-Warrantable But Can I Do VA Financing? Last week, I fielded an inquiry from a gentleman … (2 comments)
fha: Total Money You Can Expect To Put Down On A Home…
- 06/04/14 07:00 AM
Frank Rubi in Metairie, La. pointed me to this great post by Brett that might just help you figure out what money you can expect to put down on a home under the various loan programs. Before you go house hunting make sure you have enough money available to get your loan approved and your house closed. …I know it sounds simple, but many people don’t realize the amount of funds they will need to get into a house. Here is a simple breakdown of your out of the out of pocket costs you could expect by loan program. 1) VA: … (0 comments)
fha: For Your Clients: 7 Things All Borrowers Should Know About FHA Loans
- 07/03/10 01:28 PM
FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA)."We have seen home buyer interest in FHA loans go from practically zero three years ago to upwards of 87 percent today," said Christopher Gardner, founder and president of FHA Pros, LLC. "Despite this rapid rise in popularity, many buyers still do not fully understand the benefits of these loans, … (3 comments)
North Idaho Realtor serving Sandpoint, Clark Fork, Hope, Naples, Bonners Ferry, Sagle, Cocolalla, Priest River, Laclede, Spirit Lake and more. Your Real Estate Need Is my first priority.
FHA has issued new REQUIREMENTS for private wells. This is not a bank requirement, this is a requirement direct from FHA and is a big change. This is for FHA case numbers issued after September 14, 2015 – so likely affects any transactions you currently have in place. This is currently only for FHA loans.
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