fha-loan-requirements Blog Related Topics 
Housing Wire
MARCH 21, 2024
Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. The trade group urged the regulators to examine Equifax’s pricing practices.
Cleveland Appraisal Blog
OCTOBER 29, 2021
Since we are on the topic of total remaining economic life, I think we should talk about how this may impact a bank’s decision on providing a loan. In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. It depends.
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Cleveland Appraisal Blog
MARCH 3, 2022
Not too long ago, I saw a loan officer post on their Instagram that FHA no longer requires handrails for stairs. Handbook says about handrails: “Cosmetic or minor repairs are not required, but the Appraiser must report and consider them in the overall condition when rating and valuing the Property. Explains All!
Housing Wire
MAY 10, 2022
The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).
Birmingham Appraisal
APRIL 25, 2023
If you’re looking to purchase a home and you’re financing it with an FHA loan, the property will need to meet certain requirements to be approved for the loan. These requirements pertain to the handrails and porch railings of the property. So as you can see, there is some subjectivity involved.
DW Slater Company
APRIL 27, 2022
you can check this out by looking at the history on the interactive charts if you are reading this on the blog ) The markets are still going strong ! A shift in demand for the housing market – Sacramento Appraisal Blog. – Cleveland Appraisal Blog. FHA adds 40-year loan term to COVID-19 arsenal- Housing Wire.
Will Springer Realtor
MARCH 5, 2024
MIPs are required for all borrowers seeking a loan from the Federal Housing Administration (FHA). This fee is applied because FHA consumers tend to have more debt relative to their income. borrowers who carry a loan with a guarantee or mortgage insurance pay MIP, according to Forbes. Roughly 30% of all U.S.
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