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Hi,
I am wondering if I could qualify for an FHA mortgage by myself. I am married but due to long and complicated reasons, my husband can not be on the mortgage. We do not live in a community property state.
My score right now is 640
Income- $15,000
$...
Started by samy2576 on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at myfico):
Http://www.fha.com/fha_requirements_debt.cfm
Looks like you should be OK to me, Im also looking....
Go to http://www.fha.com meet the FHA debt ratios from here.
Score should be good for an FHA, Downpayment of 10% seems OK (50K/5K=10%).
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Hello,
I just recently found out that NACA is more than just helping people refinance out of high interest rates. They also provide a home buying program that features zero down, zero closing costs and a current rate of 3.875%, which is all around better...
Started by PaulBanks on
, 9 posts
by 4 people.
Answer Snippets (Read the full thread at fatwallet):
They are legit so try them, but keep FHA as your backup loan plan so you can quickly switch programs as getting a mortgage....
Aka very difficult.
Thanks Getting a naca loan is as difficult as getting a mortgage modification.
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I had spoke with a lender from Quickens over a month ago that said my credit is fine, income is fine, he just wanted 6 more payments on my credit card (super low limit of $350 and a $15/mo payment, only $40 on card to show usage). Initially, I was fine...
Started by LondonMassey on
, 4 posts
by 2 people.
Answer Snippets (Read the full thread at myfico):
FHA isn't likely going.
FHA requirements say two years of history and most lenders like and local CU's are usually really good to work with in difficult situations.
That's going to be tough.
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Ask your Facebook Friends
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Ok, I am going to keep this simple as possible
Basically my husband has terrible credit (score around 590) and massive student loan debt (over $45,000) with late payments, last one being about a year- 1 1/2 years ago.
Income is around $40,000.
I have ...
Started by samy2576 on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at myfico):
Typically, an UW would not allow DTI (to include mortgage) to be higher than 25-30 those numbers, minus the other debt and you have the highest possible mortgage payment allowed (sometimes there are exceptions).
Percent of 9k is $180.
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Hi all!
I have been reading messages on this forum and today, Christmas, I decided to join yall and share my story. I have 3 sons and my oldest asked me what I wanted for Christmas and he said wait I know, a house. Yup. A house is all I want. I lost my...
Started by annanicole on
, 9 posts
by 5 people.
Answer Snippets (Read the full thread at myfico):
The processor kept asking for documentation with LO and UW, they cannot continue with... .
1 was additional information on 2nd mortgage that was charged off explaining that the 2nd mortgage was related to foreclosure.
Me to clear 3 conditions.
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Http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/
October 19, 2009 MORTGAGEE LETTER 2009-41
TO: ALL APPROVED MORTGAGEES
ALL FHA ROSTER APPRAISERS
SUBJECT: Appraisal performance standards and sanctions
The purpose of this Mortgagee Letter is to...
Started by Otis on
, 6 posts
by 5 people.
Answer Snippets (Read the full thread at freeforums):
The guidelines and manuals are so complex and conflicting FHA/HUD most probably could find removed from FHA roster, as a licensed....
FHA appraiser witch hunt is in the near future, so they may show the authority is working and working well.
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FHA 203k contractors I'm in the process of doing an FHA 203k (full) loan on a property. I was looking for recommendations for contractors that are willing to work within the program. I appreciate any names people could email me.
Started by John on
, 25 posts
by 21 people.
Answer Snippets (Read the full thread at trulia):
203kContractors.com® Contractor Directory for the FHA 203(k) Program (480) 463-4663 Web Building Consultant is a Certified FHA....
Be a bit late coming, but the contractor directory for the FHA 203(k) program is located at http program.
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FHA or conventional home loan w/ 20% down? So my lender says : "If you go with 20% down you’ll get rid of FHA and do conventional, rate will be slightly higher but you’ll have no mortgage insurance. "
So my rate will be higher with a lower monthly mortgage...
Started by ezbtr on
, 11 posts
by 8 people.
Answer Snippets (Read the full thread at iboats):
Re: FHA you suggest? I havent owned in 14 yrs Heinz Re: FHA....
100% loans is what got everyone in trouble, the last time .
Re: FHA or conventional home loan w/ 20% down? I would think the conventional should have had you $100/mo or more.
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Hello,
I currently have a FHA with Wells Fargo on my primary residence. A few months ago I tried to do a FHA streamline with them and the guy I had was not too familiar with FHA so he submitted my refi to the underwriter with my credit report. My credit...
Started by crucifixion on
, 11 posts
by 5 people.
Answer Snippets (Read the full thread at loansafe):
The purpose an FHA mortgage, you’ve already passed these qualification checks—you’ve already proven you are a good of underwriting is to determine a borrowers....
This is straight from HUD on FHA:
MORTGAGE CREDIT ANALYSIS
2-1 OVERVIEW.
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Posted 14 February 2012 - 11:08 AM
I read online (on another credit type board) that FHA now considers any mortgage that was IIB to be a foreclosure as of the BK discharge date. That would mean that those of us who have stayed in our homes after BK and...
Started by User on
, 11 posts
by 1 people.
Answer Snippets (Read the full thread at creditboards):
- 01:58 PM
Well I have not found any definitive answers as far as FHA considering any home IIB at Huntington Bank who said he has heard that the Feds will be rolling out a new FHA program to help like maybe he's talking about the FHA....
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