All lenders do not have the same underwriting guidelines, even on the same loan programs! Many lenders add “overlays” that are not required by FHA, so contact me first to learn the difference.

Related Article Title: FHA – Amended Tax Returns – Does FHA have any guidance about the use of amended tax returns when qualifying a self-employed borrower? Answer: No, they do not. However, I have seen many lenders and secondary markets impose overlays to this, such as requiring tax transcripts of the amended return, or proof […]

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