Tag: Well testing

FHA Updates to Handbook 4000.1, FHA Info # 19-34, July 10, 2019, Effective July 10, 2019

Written by: Tracey Rumsey, Staff Writer FHA is finally starting to issue timely updates to their underwriting manual so that lenders do not need to hunt for rules and then re-verify what they read. This article reviews the latest changes and offers you a chart with the “old” vs. “new” updates. Rule Synopsis: The Federal […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

VA – Well Testing: Does VA require a well test on a cash-out refinance where the present loan is VA and the new loan is VA?

Answer: Yes. Each time a property is going to have a new VA loan placed on it (with the exception of an IRRRL) a water test must be performed to ensure that the property meets VA requirements. VA does not provide an exception for cash out refinances when there is an existing VA loan on […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top