ATTENTION REAL ESTATE AGENTS: Are you up to date on FHA’s rules & requirements?
FHA is one of the most commonly used loan programs and a great option for first time buyers, those looking to utilize down payment assistance or anyone looking for a low down payment option to buy a home.
Find out everything you need to know about FHA including:
- General Eligibility
- Down Payment, Closing Costs & Prepaids
- Assets Requirements
- Acceptable Sources
- Credit
- Minimum Credit Scores
- Minimum Credit Requirements
- Derogatory Credit Waiting Periods for Foreclosure, Bankruptcy, Judgments and Collections
- Ratios
- Housing Ratio
- Debt-to-Income Ratio (DTI)
- Acceptable Sources of Income
- Income Requirements and Restrictions
- Mortgage Insurance
- Up-front Mortgage Insurance Premium
- Annual Mortgage Insurance Premium
- Removal of MI
Do you have any buyers that would like to buy with a low down payment and/or lower credit scores using FHA? If so, check out this webinar:
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