Question: Our VA client has contracted for a 10-acre property with a large garage and horse barn. What challenges might he face in getting this financed as a VA loan? MC Chart – Maximum Acreage & Land Use Answer: Per VA Lender Handbook Chapter 11 the primary concern will be if the appraisal reflects comparable […]
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Written By: Lloyd Rutherford, Staff Writer If you are thinking about expanding your practice to Modular Home lending, pay attention to this update! If you’re not, it might be time! Rule Synopsis: Fannie Mae publishes an Appraiser Update in a newsletter format and contains some very useful information. We will cover some of these topics: […]
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By: Lloyd Rutherford, Staff Writer There is nothing worse than getting a borrower through the buying process, contract and home inspection only to find out that the appraisal is causing your loan to blow up. Find out what you need to know about appraisals and how to prevent these issues by educating yourself with Fannie’s […]
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