FHA – Length of Obligation Requirements – Lease Payment: If a lease payment is under 10 months, do I need to count this payment against the client?
Answer: If your client has a leased car payment that is ending soon, we may not need to count that as a debt for FHA Financing. Contact me! FHA allows any closed-end debt (this would include a lease) to be disregarded per the requirements below. Reference: 4000.1, II, A, 4, b, iv (A) General Liabilities and […]