Tag: Appraisal Requirements

Number of Payments Required Before Doing a Rate/Term Refinance

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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Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-9 – Dated May 1, 2019 [NEW Worksheet – Freddie Mac Verification of Funds for Income After Note Date]

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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