Had a Short Sale – Do I now qualify for an FHA Loan in Bay Area?

Related post – FHA Loan requirements for San Jose and Bay Area…

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Had a Small Sale – Do I now qualify for an FHA Loan in Bay Area?

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    Related results on Had a Short Sale – Do I now qualify for an FHA Loan in Bay Area?

    1. Renovation financing through the 203k program allows the costs of needed repairs and improvements to be included in the FHA federally-insured loan amount instead of having the buyer come up with cash or a separate loan to do the work. ... sliver of overall FHA loan volume. Last year, 203k loans accounted for 219 mortgages in the Bay Area, compared to 35 in 2008, one in 2007 and none in 2005 and 2006, according to Department of Housing and Urban Development statistics. ...

    1. Especially when buying a home in today's market where foreclosures and short sales that need fix-up work are plentiful. But a little-known Federal Housing Administration (FHA) loan program that's been. ... years ago but are still a tiny sliver of overall FHA loan volume. Last year, 203k loans accounted for 219 mortgages in the Bay Area, compared to 35 in 2008, one in 2007 and none in 2005 and 2006, according to Department of Housing and Urban Development statistics. ...

    1. You know Social, I wonder the same thing, there are so many of us with poor credit now, who ARE they going to loan to? Yes I understand that there are still millions with good credit but really what is considered "good" anymore? ... But who are going to be all the buyers for short sales? In AZ short sale buyers are about 50% investors wanting to flip and buy with cash. For ordinary folks if credit not blown harder to get mortgages. FHA just increased their credit score ...