Tag: relocation

Multiple FHA Loans Due to Relocation

Question: In order to obtain another FHA loan, the guidelines state “relocation” as an allowable reason.  Does this mean employment relocation or any type of relocation? Answer: The relocation must be for an employment-related reason.  The phrase “relocating or relocated” is to indicate that the borrower is eligible even if the location of employment hasn’t […]

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Verifying Foreign Income for Dual Citizenship U.S. Resident

Question: I have a client who has dual citizenship as a US Citizen and Canadian Citizen.  They previously lived in the States, moved to Canada and are now relocating back to the States.  The client is able to keep her job from her Canadian employer because she is permitted to work remotely.  The issue is […]

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Relocating and VA Occupancy Rules

Question: My VA client works for the government and is being transferred to another location next spring. They would like to buy a home in their new town in advance of the transfer. How far in advance of the new job starting, can they can execute that purchase? Answer: VA has a unique perspective on […]

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Freddie Mac Selling Guide Updates – Bulletin 2019-17 – Dated August 7, 2019

Written by: Lloyd Rutherford, Staff Writer This Freddie Mac update offers some great nuggets of education and sales opportunities in your market. Read through this update to find out more. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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Fannie Mae Selling Guide Announcement SEL–2019-06 – Dated July 3, 2019

Written by: Lloyd Rutherford, Staff Writer Important updates from Fannie Mae’s seller bulletin, especially for those of you working with HomeReady® Buyers! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this Selling Guide Announcement that […]

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