Tag: simple refinance

FHA Guidance for Disputed Accounts

Question: My client is trying to do FHA Simple Refinance. He has 2 disputed accounts totaling over $4,330. The comment on the credit report is Consumer disputes after resolution. Does he need to cancel the dispute? Mortgage Currentcy – Collections/Judgments/Charge-Offs Chart – All Agencies Answer: You did not mention if the disputed accounts were non-derogatory […]

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FHA – Maximum LTV for a Simple Refinance Owned Less than 12 Months

Question: What is the maximum LTV on a simple refinance where the home has been owned for 11 months? I’m finding the guidelines for this super-confusing! FHA Max LTV – Chart Answer: You are absolutely right – the guidelines are super confusing around this particular issue. While the Simple Refinance has no stated seasoning in […]

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