Game Changer Alert – FHA New Construction! FHA just announced that they are removing the 90% LTV restriction on new construction that was not “pre-approved”. Big News that will help a lot of homebuyers!
Related Article Title: FHA Mortgagee Letter 2020-36, FHA New Construction Requirements, Effective dates: May be used immediately for existing cases and must be used for FHA case numbers assigned on or after January 4, 2021. Multiple Updated Charts! Written by: Tracey Rumsey, Staff Writer FHA new construction programs are fantastic to understand, especially when you […]