FHA

Down payment assistance is a program that offers assistance to qualified borrowers for the down payment, and sometimes the closing costs, necessary to buy a home. You may not need as much money as you think to buy a home, but you’ll never know if you don’t ask. Contact me and let’s discuss your situation!

Related Article Title: FHA Mortgagee Letter 2019-12, Rescission of Down Payment Assistance Revisions -Effective Immediately Written by: Tracey Rumsey, Staff Writer The back and forth over down payment assistance changes caused a lot of confusion over the past few months. Read this article for the final resolution of these changes. Rule Synopsis: Effective immediately the [...]

2019-09-10T10:01:40-05:00September 10th, 2019|FHA, Social Media Posts|

You may have heard about FHA bringing back Spot Approvals for condo units in non-FHA approved condo complexes. If you or your office want to learn more about these drastic changes and how they can help your business, comment below!

Related Article Title: FHA Mortgagee Letter 2019-13, Single-Unit Approval Process – Obtaining FHA Case Numbers for Single-Unit Approval Originations Written by: Tracey Rumsey, Staff Writer For those of you that work with condos, this is the second article in this month’s rules issue that is a must read. This article describes the new process for [...]

2019-09-10T09:55:11-05:00September 10th, 2019|FHA, Social Media Posts|

FHA just made MAJOR changes to their condominium rules and there is a lot to discuss! If you or your office would like an update, comment below and let’s get it scheduled.

Related Article Title: FHA New Condominium Section of Handbook 4000.1, FHA Info #19-34, Effective October 15, 2019. NEW CHART – FHA Condominium Project Approval Requirements Written by: Tracey Rumsey, Staff Writer Big changes on the FHA Condominium front. If you work with condominiums, this is a must STUDY article as well as the other article published [...]

2019-09-10T09:51:37-05:00September 10th, 2019|FHA, Social Media Posts|

FHA New Condominium Section of Handbook 4000.1, FHA Info #19-34, Effective October 15, 2019. NEW CHART – FHA Condominium Project Approval Requirements

Written by: Tracey Rumsey, Staff Writer Big changes on the FHA Condominium front. If you work with condominiums, this is a must STUDY article as well as the other article published this month regarding the process for FHA Spot Approvals. Rule Synopsis: Case numbers assigned on or after October 15, 2019 and/or Condominium Project Approvals [...]

2019-09-09T15:58:21-05:00September 10th, 2019|

FHA Mortgagee Letter 2019-12, Rescission of Down Payment Assistance Revisions -Effective Immediately

Written by: Tracey Rumsey, Staff Writer The back and forth over down payment assistance changes caused a lot of confusion over the past few months. Read this article for the final resolution of these changes. Rule Synopsis: Effective immediately the following Mortgagee Letters are rescinded: Rescission of Mortgagee Letters 2019-06, Down payment Assistance and Operating [...]

2019-09-09T15:59:09-05:00September 10th, 2019|