Is a Borrower that Is in Forbearance Eligible for FHA Financing?
Question: Can a borrower be eligible for FHA financing if they have a COVID-19 forbearance? Answer: You can do a mortgage for a borrower in forbearance with some conditions. Mortgage Letter 2020-16 outlines these conditions. Yet like all things new and untested, be prepared for investor overlays. This is definitely a situation you want to […]