Question: Does FHA require a minimum number of 12 payments made for an FHA rate/term refinance? Answer: FHA does not require a minimum ’12 months of payments’ for a rate/term refinance. They do have 2 requirements that are both based on ACQUISITION date, NOT number of payments made: In order to do a 97.75% LTV […]
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Written By: Lloyd Rutherford, Staff Writer This month’s Freddie Mac Bulletin contains some little changes that could have a big impact on your business, so read through this article to stay up to date. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics […]
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Written By: Lloyd Rutherford, Staff Writer If your production is not where you want it this year, it is time to take a look at some markets that can make your production sing! Manufactured homes are it, and Fannie is really hitting it out of the ballpark with their support materials. Read this and get […]
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Answer: Yes. Fannie Mae does not require that the utilities that serve the property be turned on at the time of the inspection. See Question #23 in the attached reference. Supporting Resource: Fannie Mae – FAQs – Appraisal Property Report Social Media Post: Fannie Mae does not require that the utilities serving the property be […]
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