FHA Anti-Flipping Rules Change
June 27, 2008 by Carl Chapman
Filed under Carl Chapman
Great news for investors interested in acquiring, rehabilitating and reselling foreclosed houses: The Federal Housing Administration has temporarily waiving its “anti-flipping” rules and will now insure mortgages on properties that have been owned by the current seller for less than 90 days. Call me to learn more. 623-979-5962.
Changes in FHA Loans
June 17, 2008 by Carl Chapman
Filed under Arizona Mortgages
Big changes for those getting FHA loans. For the first time in history, FHA will take credit scores into account. I have attached the details for those who like to know all the details! These guidelines are effective as of July 14th, 2008.
Borrowers need either no score, or at least 500, to get a LTV >90%; see matrix [...]
