Fha Changes September 14 2015

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FHA Underwriting Guideline Changes Effective for Case Numbers Assigned On or After September 14, 2015 Topic Current FHA Guideline New FHA Guideline Assets Gift Funds – documenting transfer guidance was unclear about requiring donor’s bank statement in all instances. Will now require donor’s bank statement showing withdrawal of funds.

Lots of FHA changes with guideline updates on 9/14/2015 – New FHA guidelines effective 9/14/15 Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were not specific enough.

These changes became effective with all FHA Case Numbers issued on or after September 14, 2015. Below are a few of the changes that will affect borrowers applying for an FHA mortgage: Please contact me with any questions regarding these FHA changes or any other questions you have at [email protected] or 708.473.7688.

5 Major Changes in FHA Guidelines per New hud handbook 4000.1. – 5 Major Changes in FHA Guidelines per New HUD handbook 4000.1 september 14, 2015 Dear Friends – If you know of someone who may be getting into the housing market (or looking to refinance a land contract), and may be evaluating the FHA loan as a financing option, passing along.

 · Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the.

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Kentucky FHA Mortgage Guidelines Changes Effective September. – Eligibility Requirements for a Kentucky FHA Loan after September 15, 2015 When applying for eligibility for A kentucky fha loans, There are some factors taken into account: Credit score 620 and above with the mortgage investors we work with, even though FHA will insured lower credit scores, most mortgage lenders will c

On September 14, 2015 the Single Family Handbook (SFH) 4000.1 becomes effective. A change that most will not pick up is the underwriting of HUD REO’s. For those that are not familiar, a HUD REO is a property that was foreclosed by hud approved mortgage servicer and the property is now owned by HUD. The term reo means real estate Owned.

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