Tag: piggy back

Exceeding the Maximum Loan Amount when Using a Piggy-Back Loan – NEW MC Chart – FHA Secondary Financing

Question: Will FHA allow a Piggy-Back/HELOC with a CLTV of 90% in order to meet the FHA loan limits? NEW MC Chart – FHA Secondary Financing Answer: Unfortunately, not. FHA requires that the Base Loan Amount plus secondary financing amount must not exceed the Nationwide Mortgage Limits (See the applicable guideline below). Reference: 4000.1 II.A.4.d.i.(J) […]

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