Mortgage and Real Estate Blog: FHA Rules. Eligibility on a New FHA …

Summary – Guidance on Borrowers in default at the time of Small Sale, Borrowers in default on their mortgage at the time of the small sale (or pre- foreclosure sale) are not eligible for a new FHA -insured mortgage for three years from …

Here is the original post: 
Mortgage and Real Estate Blog: FHA Rules. Eligibility on a New FHA …

Related FHA and HUD Posts

Tags: , , , , , , , , , , , , ,
Tags: , , , , , , , , , , ,

Leave a Reply

Recent Posts:

Fha 203K Mortgage – An Excellent Way To Buy A Home Needing Repairs!
FHA official warns of trouble if down-payment requirements are hiked
The Goals Workshop.
Latest FHA Refinance Rates Auctions
Pro Ratings UK’s Best Horse Race Ratings.

Related results on Mortgage and Real Estate Blog: FHA Rules. Eligibility on a New FHA …

  1. My favorite mortgage blogger, Larry Steinway, published a very concise report on FHA condo guidelines a few weeks ago. More and more buyers are interested in. ... Larry's article is a good review of the process and eligibility requirements. Because this piece was published in Larry's newsletter to agents and not in his blog, I have reproduced the whole article below. FHA Condo Guidelines Spelled Out For You! New guidelines related to the Federal Housing Administration ...

  1. What I am seeing now is the confusion about whether you can have 2 FHA loans because loan officers and lenders are giving the wrong information on the basic guidelines. And yes, you can have two, and even more, FHA mortgages. Example : Just yesterday, I had a client that was told that they need 30% down on their new property in order to have a FHA mortgage, because they currently have a mortgage. What gets worse is that this borrower has a conventional mortgage on their ...

  1. The following is a summary of that process as taken from the HUD's press release; for the nitty-gritty, check out the full HUD press release on the subject, and skip ahead to section V: Project Eligibility Requirements. ... Professional real estate blog. Thanks for sharing this information with us. February 15, 2010 10:19 PM. More FHA Changes: Mortgage Insurance Premium | Redfin Corporate Blog said: [...] of recent changes made by the Federal Housing Administration. ...