Collateralized loans used to fund a down payment are acceptable for FHA loans. Contact me for other ways to help your borrowers find the money they need to buy a home.
| Posted on |
Answer: [tweet-start]Collateralized loans used to fund a down payment are acceptable for FHA loans. Tweet me for other tips and tricks![tweet-end] Yes. Collateralized Loans are an acceptable source for the Borrower’s Minimum Required Investment (MRI) to obtain FHA-insured financing. A Collateralized Loan is a loan that is fully secured by a financial asset of the […]