FHA

Construction to Permanent financing is a great way to build your own home, close one time and not have to deal with the construction loan followed by a second more permanent loan. PM me for details and let me help you make that new home a reality!

Related Article Title:  FHA-Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot? Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new [...]

2019-06-07T09:08:05-05:00June 10th, 2019|FHA, Social Media Posts|

FHA – Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot?

Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new construction rules. Take a look at this article and the social media posts to boost your business in this niche. Rule Synopsis: The guidance in this Mortgagee Letter may be implemented immediately, but must be implemented for loans with case [...]

2019-06-07T10:44:16-05:00June 10th, 2019|

If you own your own land, FHA just made it easier to get financing! There are no longer any time restrictions on how long you owned the land, and you can use the equity in your land for your required downpayment. PM me for details.

Related Article Title:  FHA-Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot? Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new [...]

2019-06-07T16:51:01-05:00June 10th, 2019|FHA, Social Media Posts|

What is a BOOL? Any guesses?  Hint – It allows you to create something wonderful on something you already own. Ready, Set, Guess! [Note: Once your network has had fun guessing, let them know what the program is and how you can help them]

Related Article Title:  FHA-Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot? Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new [...]

2019-06-07T09:09:12-05:00June 10th, 2019|FHA, Social Media Posts|

Identity of Interest is a sale between parties with an existing Business Relationship or between Family Members. Normally, FHA restricts this type of sale to 85% of the sales price. However, there are exceptions to this rule that will allow 96.5% of the sales price. Comment below and I’ll send you this list!

Related Article Title – FHA – Proving 6 Months of Residency for Identity of Interest: What documents can I use to prove the 6-Month residency requirement for a borrower buying a family home from a trust? NEW MTP™- Identity of Interest – Who Can Exceed the LTV Limits? Answer: The guidelines are clear that the [...]

2019-05-24T08:42:33-05:00May 24th, 2019|FHA, Social Media Posts|