FHA Collection Accounts • A Collection Account refers to a Borrower’s loan or debt that has been submitted to a collection agency by a creditor. • Medical Collections are not required to be paid and satisfied. • Collection accounts of a non-borrowing spouse in a community property state must be included in the $2,000 cumulative balance … Continue reading FHA eases mortgage rules for some credit-impaired applicants for collections and charge offs
FHA Facts…
FHA Facts.... via FHA Facts.... acts you probably didn’t know about FHA loans Traditionally FHA mortgages were used to help first time home buyers with non-traditional credit backgrounds. However FHA mortgages have increased in popularity over the last few years. The low 3.5% down payment has helped buyers with limited savings to get into a … Continue reading FHA Facts…
Louisville Kentucky FHA Loan
FHA Loan. via FHA Loan. FHA Loan 1 Vote This web site will help you understand FHA mortgage underwriting guidelines and it will also help you determine if an fha mortgage loan is right for your situation. FHA loans have always been a good opportunity for home buyers, but there are some things you should consider before you … Continue reading Louisville Kentucky FHA Loan
The Big 3 Govie Loans: Comparing VA to FHA and USDA
The Big 3 Govie Loans: Comparing VA to FHA and USDA. Table 3. Ginnie/USDA Highlights and Comparison to Ginnie/FHA Program Attribute Ginnie/USDA Ginnie/FHA Geography Includes 34% of U.S population.* This is much higher than in other definitions of “rural.” 1. About 16% of the population live outside of metro areas. 2. About 23% of … Continue reading The Big 3 Govie Loans: Comparing VA to FHA and USDA
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 