FHA Guidelines

FHA Mortgage Requirements And Guidelines

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does bbt participate in the hafa program

does bbt participate in the hafa program The Home Affordable Foreclosure Alternatives (HAFA) program was developed to give homeowners a way to settle their mortgage debt without going through a foreclosure.The goal of this program is to help you sell your home in a short sale and settle your mortgage debt if you owe more [...]

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wells fargo deed in lieu of foreclosure

wells fargo deed in lieu of foreclosure Wells Fargo states that a short sale scenario is no longer an option and MY CLIENT’S only option is Deed in Lieu.   Their reason:  the PMI company cannot agree with Wells Fargo investor.  End of story.  File is closed on Equator system. The Wells Fargo negotiator tells me [...]

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citimortgage fha loan modification success 2012

citimortgage fha loan modification success 2012 The process involves documents being analyzed and reviewed by the mortgage lender. This often makes the  CitiMortgage loan modification program a time consuming process and leaves many homeowners confused and disillusioned. But there is no need to give up – using loan modification services can make the entire process [...]

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gmac mortgage credit score 2012

gmac mortgage credit score  2012 GMAC Insurance uses credit to determine your auto insurance quote, as do most carriers. According to a recent survey by Conning & Co., a Hartford, Connecticut-based insurance research firm, 92 percent of all insurance companies use credit information when underwriting new policies. It is important to note that a credit [...]

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down payment required for loans conventional loans

down payment required for loans conventional loans FHA Loans have several advantages over conventional loans, including lower down payments and more relaxed credit-qualifying guidelines. The federal government created FHA loan programs to encourage homeownership throughout the country. The FHA can help people to obtain a loan with little or no down payment. The FHA does [...]

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