0% found this document useful (0 votes)

23 views

FHA Express Conforming High Balance Fixed Program Guidelines

Uploaded by

richal.sharma11

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

0% found this document useful (0 votes)

23 views

FHA Express Conforming High Balance Fixed Program Guidelines

Uploaded by

richal.sharma11

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

You are on page 1/ 21

FHA Express Conforming & High Balance

Fixed Program Guidelines

Revised 1/18/2024 rev. 114

(Click the link to go straight to the section)

1 Program Summary 13 Income and Employment 25 ARM Adjustments
2 Product Codes 14 Qualifying Ratios 26 Temporary Buydowns
3 Program Matrix 15 Down Payment / Gifts 27 Prepayment Penalty
4 Occupancy 16 Reserves 28 Streamline Refinances
5 Transactions 17 Interested 3rd Party Contributions 29 Energy Efficient Mortgage
6 Property Flips / Resale 18 Property Eligibility 30 Good Neighbor Next Door
7 Identity of Interest 19 Appraisal 31 HUD REO
8 Loan Limits 20 Geographic Restrictions 32 Insurance
9 Subordinate Financing 21 Max Financed Properties
10 Borrower Eligibility 22 Mortgage Insurance Premiums
11 Underwriting Method 23 Escrow Accounts
12 Credit 24 Repair Escrow

Section 1 Program Summary

The FHA Express program is a subset of Plaza’s FHA Fixed and ARM program and is designed to provide customers with
best-in-class turn times. This program is for DU or LPA approved loans qualifying with W-2 or fixed income only and a
minimum 700 credit score. FHA Express does not allow for manual underwriting or loans qualifying with tax returns. Loan
submissions under this program require the inclusion of all income documentation at time of submission. Plaza offers FHA
Express with fixed rate terms from 15 – 30 years including odd terms between 180 – 360 months for conforming balance
transactions. A brief summary follows however refer to these full program guidelines for complete details.

• 700 Credit Score

• W-2 and fixed income (self-employed borrowers or any loan requiring or using tax returns are not eligible).
• DU or LPA approval (manual underwrite not eligible) and complete income and asset documentation per the DU
or LPA findings must be included with the loan submission.
• Primary residence, 1-unit detached SFR/PUD and FHA Approved condos (manufactured housing and Single Unit
Approved (SUA) condos are not eligible).
• The subject property must be the borrower’s only property as of the application date, regardless if the other
properties are financed or owned free and clear.
o Borrowers who will be retaining their current residence and can qualify with the full PITIA of both
properties without the use of rental income are eligible.
• Purchase, Rate/Term and Cash-out refinances are eligible.
• Conforming Balance and High Balance loan amounts are eligible.

AllRegs Version of FHA Single Family Housing Policy Handbook 4000.1

PDF Version of FHA Single Family Housing Policy Handbook 4000.1

This information is provided by Plaza Home Mortgage and intended for mortgage professionals only, as a courtesy to its clients and is meant for instructional
purposes only. It is not intended for public use or distribution. None of the information provided is intended to be legal advice in any context. Plaza does
not guarantee, warrant, ensure or promise that information provided is accurate. Terms and conditions of programs and guidelines are subject to change
at any time without notice. This is not a commitment to lend. Plaza Home Mortgage, Inc. is an Equal Housing Lender. © 2024 Plaza Home Mortgage, Inc.
Plaza Home Mortgage and the Plaza Home Mortgage logo are registered trademarks of Plaza Home Mortgage, Inc. All other trademarks are the property
of their respective owners. All rights reserved. Plaza NMLS 2113. P.W.FHA Express Conforming & High Balance Fixed Program Guidelines.G.114.1.18.24

Page 1 of 21 plazahomemortgage.com
Section 2 Product Codes

Product Name Product Code Available Term in Months

FHA Express 15 Year Fixed FHA150X 180
FHA Express 30 Year Fixed FHA300X 181-360
FHA Express High Balance 15 Year Fixed FHA150XHB 180
FHA Express High Balance 30 Year Fixed FHA300XHB 360
FHA Express 30 Year Fixed w/2-1 Buydown FHA300XBD21 360
FHA Express 30 Year Fixed w/1-0 Buydown FHA300XBD10 360

Section 3 Program Matrix

Conforming Balance and High Balance – Primary Residence

Max DTI
Min Credit
Purpose LTV CLTV Underwriting Method
Score
AUS Manual
Purchase 96.5% 96.5% 700 Per AUS N/A
Rate/Term Refinance or N/A
97.75%1 97.75%1 700 Per AUS
Simple Refinance
Cash-out Refinance 80% 80% 700 Per AUS N/A
1.
Maximum LTV is 85% if the borrower has not owned and occupied the property for the last 12 months. If the property has
been owned less than 12 months and has been owner occupied since acquisition then the LTV is not restricted to 85%.
Seasoning is based on case number assignment date.

Section 4 Occupancy

Primary Residence Only:

A primary residence is a property that will be occupied by the borrower the majority of the calendar year and meets the
following criteria:

• The borrower must occupy the property and sign the Note and security instrument for the property to be
considered owner-occupied.
• The borrower must occupy the property within 60 days after the loan closes with continued occupancy for at least
1 year. The only exceptions allowed are due to hardship or extenuating circumstances.
• Military Personnel stationed elsewhere are considered occupant-borrowers and are eligible for maximum
financing provided a member of the immediate family will occupy the property as a principal residence.

Mortgagors Who Will Re-Occupy a Former Investment Property:

When the subject property is a former investment property that the borrowers are now re-occupying:

• Seasoning is calculated based on the loan application date.

• Maximum financing is allowed when 12 months or more occupancy seasoning exists.
• When < 12 months occupancy seasoning exists, the maximum LTV/CLTV is 85% for a rate/term transaction

Page 2 of 21 plazahomemortgage.com
Section 5 Transactions

• Purchase
• Rate/Term Refinance
• Simple Refinance
• Cash-Out Refinance

Rate and Term Refinance:

All proceeds are used to pay existing liens and costs associated with the transaction. The mortgage being paid off is not
required to be an FHA-insured mortgage. Cash back to the borrower is not allowed with the exception of minor
adjustments at closing, provided the amount does not exceed $500.

The maximum mortgage amount is the lower of the LTV or the existing debt calculation described below, and may never
exceed the Nationwide Mortgage Limit except by the amount of any new up-front MIP.

Existing Debt:

Add together the amount of the existing first lien, any purchase money second mortgage, any junior liens over 12
months (seasoning based on the note date of the new loan), borrower-paid closing costs, prepaid expenses,
borrower paid repairs required by the appraisal, discount points, and then subtract any refund of UFMIP.

Existing First Mortgage:

• The amount of the existing first mortgage may include the interest charged by the servicing lender when the
payoff will not likely be received on the first day of the month as is typically assessed on FHA-insured
mortgages and the MIP due on the existing mortgage. The amount also may include any prepayment
penalties assessed on a conventional mortgage.
• The amount of the existing first mortgage may not include delinquent interest. Prepaid expense may include
the per-diem interest to the end of the month on the new loan, hazard insurance premium deposits, flood
insurance, mortgage insurance premium and any real estate tax deposits needed to establish the escrow
account.

Equity Line of Credit:

If the balance or any portion of an equity line of credit in excess of $1,000 was advanced within the past 12
months and was for purposes other than repairs and rehabilitation of the property, that portion above and beyond
$1,000 of the line of credit is not eligible for inclusion in the new Mortgage.

Buy Out Co-mortgagor Equity:

If the new loan is used to refinance an existing mortgage to buy out an ex-spouse’s or other co-mortgagors’
equity, the specified equity to be paid is considered property-related indebtedness and is eligible for inclusion in
calculating the new mortgage. The divorce decree, settlement agreement, or other equity agreement must be
provided to document the equity awarded to the ex-spouse or co-mortgagor.

Page 3 of 21 plazahomemortgage.com
Simple Refinance:

All proceeds are used to pay the existing FHA-insured lien and costs associated with the transaction. The mortgage being
paid must be an FHA-Insured mortgage. Cash back to the borrower is not allowed with the exception of minor
adjustments at closing, provided the amount does not exceed $500.

A Simple Refinance allows a borrower to include closing costs and prepaid items in the loan amount provided there is
sufficient equity in the subject property. Additionally, borrowers are able to benefit from the lower Mortgage Insurance
Premium (MIP) afforded to Streamline refinances of FHA-insured loans endorsed on or before May 31, 2009. A simple
refinance requires an appraisal and full credit qualifying.

The maximum mortgage amount is per the calculation described below, and may never exceed the Nationwide
Mortgage Limit except by the amount of any new up-front MIP.

The maximum loan amount is the lesser of the sum of:

• The existing principal balance

• Plus the interest due and the MIP due on the existing mortgage
• Late charges
• Escrow shortages
• Minus the applicable refund of UFMIP
• Plus closing costs, prepaid items to establish the escrow account and the new Up Front Mortgage Insurance
Premium (UFMIP) that will be charged on the refinance, OR
• 97.75% of the appraised value of the property for properties acquired over 12 months from the case number
assignment date. If the property was acquired within 12 months of the case number assignment date, refer to
Refinances – Calculating Adjusted Value
• Plus the new UFMIP that will be charged on the refinance

Prepaid expenses may include:

• Per Diem interest to the end of the month on the new loan.
• Hazard insurance and flood insurance premium deposits
• Monthly MIPs AND
• Any real estate tax deposits needed to establish the escrow account.

Refer to 4000.1.II.A.8-Simple Refinance

Cash-Out Refinances:

A cash-out is a first lien in which the loan proceeds may include the funds required to pay off any existing liens, related
prepaid items, closing costs, and the disbursement of cash to the borrower.

• The borrower must have made at least six consecutive monthly payments on the mortgage that is being
refinanced beginning with the payment made on the first payment due date.
• The first payment due date of the refinance loan must occur no earlier than 210 days after the first payment due
date of the existing loan.
• The borrower must have owned and occupied the subject property as their principal residence for the 12 months
prior to the date of case number assignment.
o Exceptions are allowed in the case of inheritance.

Refer to 4000.1.II.A.8.v-Cash-Out Refinances

Page 4 of 21 plazahomemortgage.com
Refinances - Calculating Adjusted Value:

• For properties acquired by the Borrower within 12 months of the case number assignment date, the Adjusted
Value is the lesser of:
o the Borrower’s purchase price, plus any documented improvements made subsequent to the purchase; or
o the Property Value.
• For properties acquired by the Borrower greater than or equal to 12 months prior to the case number assignment
date, the Adjusted Value is the Property Value.
• Inherited Properties: Properties acquired by the Borrower within 12 months of the case number assignment date
by inheritance or through a gift from a family member may utilize the calculation of Adjusted Value for properties
purchased 12 months or greater.

Properties Listed For Sale:

Refinances of properties listed for sale are not permitted. The listing agreement must be cancelled at least 1 day prior to
the date the application is taken.

Section 6 Property Flips/ Resale Requirements

Property flipping is a practice whereby a property recently acquired is resold for a considerable profit with an artificially
inflated value.

To address the issue of property flipping, FHA has placed certain time restrictions and additional documentation
requirements on purchase transactions involving the resale of an existing property, including 203(k) loans.

Property eligibility is based upon the time that has elapsed between the date the seller obtained legal ownership of the
property (based upon the date of settlement) and the date the buyer and seller execute the sales contract that will result in
the FHA mortgage insurance (the re-sale date).

If uncertain about property eligibility, check with the local Homeownership Center (HOC).

Resale Less Than or Equal to 90 Days: If the re-sale date is 90 days or less following the date of acquisition by the
seller, the property is not eligible for a mortgage to be insured by FHA.

Page 5 of 21 plazahomemortgage.com
Transactions involving one of the following exemptions are not subject to the time restrictions on resale
mentioned above:

• FHA REO properties sold by FHA.

• Resale of properties purchased by an employer or relocation agency in connection with employee relocation.
What FHA intends to exempt is bona fide relocation agencies that contract with employers to handle relocations
of their employees. A relocation agency DOES NOT include individual real estate agents that advertise
themselves as relocation experts and who purchase properties from persons who are relocating from the area.
• A builder selling a newly built home or building a home for a homebuyer wanting to use FHA-insured financing.
Example: A builder selling to another builder prior to the completion of a home would be exempt from the time
restrictions.
• Property inherited by the property seller. The property seller will not be required to hold title to that property for 90
days before he/she can sell it with FHA insured financing. The property seller must still be the owner of record but
the 90 day ownership period will not be required. Further, since there was no previous sale of the property
because it was inherited, there is no previous sales price that might trigger the second appraisal requirement set
forth in the flipping rules. The underwriter must include the documentation evidencing the inheritance in the case
binder when submitting the case for insurance.
• Sales of properties by state and federally charted financial institutions and Government Sponsored Enterprises
(GSE) (e.g. Fannie Mae and Freddie Mac). Note: Mortgage Insurance companies are not considered a state or
federally chartered financial institution and are not qualified as a GSE.
• Sales of properties by nonprofits approved to purchase HUD-owned single family properties at a discount with
resale restrictions.
• Sales of properties by local and state government agencies.
• Sales of properties within Presidentially-Declared Disaster Areas, upon FHA's announcement of eligibility in a
mortgagee letter specific to said disaster.

Resale Greater Than 90 Days: Loans with resale dates greater than 90 days and up to 180 days are generally eligible
for a mortgage insured by FHA but may require supplemental documentation, including an additional appraisal.

• If the resale price is greater than or equal to 100% over the property seller’s acquisition price, a second FHA
appraisal from a new appraiser is required. The second appraisal cannot be provided by or paid for by the
borrower. If the resale price is less than 100% of the property seller’s acquisition price, then no additional
appraisal documentation is required.

Unexpired Redemption Period: Foreclosed properties that are located in a state where a redemption period is allowed,
including Fannie Mae and Freddie Mac owned or HUD REO are not eligible until all of the following are met:

• The redemption period has expired. AND

• The foreclosure sale has been confirmed. AND
• Clear and marketable title is obtained.

Refer to 4000.1.II.A.1.b-Restrictions on Property Flipping

Page 6 of 21 plazahomemortgage.com
Section 7 Identity of Interest

The terms Identity of Interest and Non-Arm’s Length describe certain transactions between parties with family or business
relationships that may pose increased risk and warrant additional precautions when evaluating that risk.

Refer to 4000.1.II.A.2.b-Limitations Based on Identity of Interest

Conflicts of Interest:

Participants that have a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources
of compensation, either directly or indirectly, from a single FHA-insured transaction. These participants are:

• Underwriters
• Appraisers
• Inspectors
• Engineers

Indirect compensation includes any compensation resulting from the same FHA-insured transaction, other than for services
performed in a direct role. Examples include, but are not limited to:

• Compensation resulting from an ownership interest in any other business that is a party to the same FHA-insured
transaction; or
• Compensation earned by a spouse, domestic partner, or other Family Member that has a direct role in the same
FHA-insured transaction.

Participants that do not have a direct impact on the mortgage approval decision may have multiple roles and/or sources of
compensation for services actually performed and permitted by HUD, provided that the FHA-insured transaction complies
with all applicable federal, state, and local laws, rules, and requirements.

Section 8 Loan Limits

For most single-family mortgage insurance programs, the maximum insurable amount is the lesser of:

• The Nationwide Mortgage Limit for the area, usually a county or metropolitan statistical area (MSA). OR
• The applicable LTV limit, determined by a fixed percentage of the lesser of the sales price or the appraised value.

Maximum Base Loan Amount

Contiguous States Hawaii1
Units
Standard High Balance Standard High Balance
1 $766,550 $1,149,825 $1,149,825 N/A
1. There are no properties in Hawaii with loan limits higher than the applicable base conforming limits for 2024. As a result,
there are no High Balance limits specific for this state.

Maximum base loan amounts are county specific and may be lower in a particular county.

Maximum loan limits are determined by geographic areas. HUD’s website contains a complete schedule of FHA
Nationwide Mortgage Limits.

Page 7 of 21 plazahomemortgage.com
Section 9 Subordinate Financing

New or existing subordinate financing is allowed per the LTV/CLTV limits.

Properties with Property Assessed Clean Energy (PACE) obligations are ineligible.

• Any PACE obligations or liens must be paid and satisfied at or prior to closing.
• PACE liens may not be subordinated.

Refer to 4000.1.II.A.4-Secondary Financing (TOTAL) and 4000.1.II.A.5-Secondary Financing (Manual).

Section 10 Borrower Eligibility

Eligible Borrowers:

• U.S. citizens
• Permanent resident aliens
• Non-permanent resident aliens
• Deferred Action for Childhood Arrivals (DACA) program recipients

Non-permanent Resident Aliens:

• Must be principal residence

• Have a valid Social Security number.
• Are eligible to work in the United States as evidenced by an Employment Authorization Document (EAD) issued
by the USCIS.
o A Social Security card cannot be used as evidence of work status.

Deferred Action for Childhood Arrivals (DACA) program recipients:

• Must be borrower’s principal residence;

• Borrower must have a valid Social Security Number (SSN), except for those employed by the World Bank, a
foreign embassy, or equivalent employer identified by HUD;
• Borrower must be eligible to work in the U.S. as evidenced by the Employment Authorization Document issued by
USCIS, and
• The borrower satisfies the same requirements, terms and conditions as those for U.S. citizens.

The Employment Authorization Document is required to substantiate work status. If the Employment Authorization
Document will expire within one year and a prior history of residency status renewals exists, the lender may assume that
continuation will be granted. If there are no prior renewals, the lender must determine the likelihood of renewal based on
information from the USCIS.

A borrower residing in the U.S. by virtue of refugee or asylee status granted by the USCIS is automatically eligible to work
in this country. The Employment Authorization Document is not required, but documentation substantiating the refugee or
asylee status must be obtained.

Page 8 of 21 plazahomemortgage.com
First Time Home Buyers:

• A first time homebuyer is defined as a borrower who has had no ownership interest, sole or joint, in a principal
residence during the 3 year period preceding the date of purchase of the subject property.
• A borrower does not have to have housing counseling in order to obtain an FHA mortgage. However, housing
counseling is still highly encouraged for first time buyers.
• For information on housing counseling and to find a counselor go to the following HUD website:
http://portal.hud.gov/hudportal/HUD?src=/i_want_to/talk_to_a_housing_counselor or call HUD's interactive
voice system at 1-800-569-4287.

Valid Social Security Number:

Eligible borrowers must provide evidence of a valid Social Security number on all FHA loans. Evidence includes a copy of
the borrower’s:

• Social Security card. Tax Identification numbers (TINs) are not allowed.
• Paystub, W-2 or other government-issued card that includes the borrower’s Social Security number.
• FHA requires validation of Social Security numbers for consistency with the borrower’s name through FHA
Connections.

Ineligible Borrowers:

• Non-occupant co-borrowers
• Charitable organizations
• Non-profit agencies
• State or local government agencies
• Foreign Nationals

Section 11 Underwriting Method

All loans must be decisioned through FHA TOTAL Scorecard. Provide a copy of the TOTAL Scorecard recommendation
from DU, LPA or TOTAL Scorecard. Loans must receive AUS approval, manual underwriting is not eligible on FHA
Express.

Regardless of the risk assessment made by TOTAL, the DE underwriter remains accountable for compliance with FHA
guidelines and eligibility requirements, as well as for any credit, capacity and documentation requirements covered herein.

Section 12 Credit

Credit Score: 700

Qualifying Credit Score:

• A tri-merge credit report is required on all loans.

• Qualifying score:
o Where three scores are reported, the middle score is the qualifying score
o Where two scores are reported, the lowest score is the qualifying score
o Where only one score is reported, that score is the qualifying score
• Where the Mortgage involves multiple Borrowers, the lowest qualifying score of all borrowers is used
• Where the Mortgage involves multiple Borrowers and one or more of the Borrowers do not have a credit score
(non-traditional or insufficient credit), the lowest qualifying score of the Borrower(s) with credit score(s) is used

Page 9 of 21 plazahomemortgage.com
• At least one occupant borrower must have a credit score. Mortgages where one or more of the co-borrowers do
not have a credit score are only eligible with AUS “Approve/Eligible” or “Accept/Eligible” recommendations. If a
co-borrower does not have a credit score, feedback Certificates showing a Refer recommendation and requiring
manual underwriting are not eligible.

Housing Payment History:

• For purchases and refinances, the mortgage payment history may be deemed satisfactory when the mortgage
credit rating is disclosed on the credit report, is evaluated by the AUS, and the loan receives an “Approve/Eligible”
or “Accept/Eligible” recommendation.
• The rental payment history will be deemed acceptable per the AUS findings for loans that receive an
“Approve/Eligible” or “Accept/Eligible” recommendation.
• When the housing payment history is not evaluated by an AUS:
o There may be no history of any 30-day late mortgage or rental payments within the last 12 months.
o There may be no more than two 30-day late mortgage or rental payments in the previous 24 months.
o The housing payment history must be documented by:
▪ The credit report; or
▪ VOR received directly from the landlord (for landlords with no Identity of Interest with the
borrower); or
▪ VOM received directly from an institutional mortgage servicer; or
▪ Canceled checks that cover the most recent 12-month period.
• Borrowers who are living rent free are eligible provided the Mortgagee obtains verification directly from the
property owner that the borrower has been living rent-free and the amount of time the borrower has been living
rent free.

Revolving and Installment Accounts – Per AUS

Bankruptcy: Borrowers with a previous Chapter 7 or Chapter 13 bankruptcy must meet the requirements in
4000.1.II.A.4-Bankruptcy (TOTAL) or 4000.1.II.A.5-Bankruptcy (Manual).

Foreclosures, Deed in Lieu, Pre-foreclosures and Short Sales: Borrowers must meet the requirements in
4000.1.II.A.4-Foreclosure and Deed in Lieu of Foreclosure (TOTAL) or 4000.1.II.A.5-Foreclosure and Deed in Lieu
of Foreclosure (Manual).

Consumer Credit Counseling: Consumer Credit Counseling does not require a downgrade to manual underwriting. For
manual underwriting refer to the 4000.1.II.A.5-Credit Counseling/Payment Plan (Manual).

Collections, Judgments & Charge-offs:

• Explanation: No documentation or letter of explanation is required for loans run through TOTAL Mortgage
Scorecard receiving an “Accept/Approve” despite the presence of collection accounts, charge-offs or judgments.
These accounts have been already taken into consideration in the borrower’s credit score.
• Including payment: Regardless of the Accept/Approve/Refer recommendation by TOTAL Mortgage Scorecard,
the lender must include the payment amount in the calculation of the borrower’s DTI ratio. Payment amounts for
charge-offs are not included.

The borrower must provide a letter of explanation with supporting documentation for each outstanding collection account,
charge-off and judgment. The explanation and supporting documentation must be consistent with other credit information
in the file.

Page 10 of 21 plazahomemortgage.com
Payoff Requirements for Judgments and Collection Accounts:

Judgments:

Judgments must be paid prior to or at closing. An exception to the payoff of a court ordered judgment may be made if the
borrower has an agreement with the creditor to make regular and timely payments. Provide a copy of the agreement and
proof of 3 months payments made prior to credit approval. Borrowers may not prepay the scheduled payments to qualify.
If exception is made the payment must be included in the calculation of the DTI ratio.

Judgments of a non-purchasing spouse in a community property state must be paid in full, or meet the exception
guidance for judgments.

Collection Accounts:

If the total outstanding balance for all borrowers is less than $2,000, a capacity analysis is not required. However, if the
total outstanding balance of all collection accounts for all borrowers is equal to or greater than $2,000, the underwriter
must perform a capacity analysis. Collection accounts of a non-purchasing spouse in a community property state are
included in the cumulative balance.
Medical collections and charge off accounts are excluded from this guidance and do not require resolution.

Tax Liens:

Tax liens may remain unpaid if:

• The Borrower has entered into a valid repayment agreement with the lien holder to make regular payments on the
debt. AND
• The Borrower has made timely payments for at least 3 months of scheduled payments.
• The Borrower cannot prepay scheduled payments in order to meet the required minimum of 3 months of
payments.
• The lien holder must subordinate the tax lien to the FHA-insured Mortgage.

Capacity Analysis for the Payment/Payoff of Collections, Judgments and Disputed Accounts:

• At the time of or prior to closing, payment in full of the collection account, verification of acceptable source of
funds required.
• The borrower makes payment arrangements with the creditor. A credit report or creditor letter verifying the
monthly payment is required and the monthly payment must be included in the DTI ratio.
• If evidence of a payment arrangement is not available, the underwriter must calculate the monthly payment using
5% of the outstanding balance of each collection, and the monthly payment included in the DTI ratio.

Disputed Accounts:

The existence of potentially inaccurate information on a borrower’s credit report resulting in a dispute must be reviewed by
an underwriter. Accounts that appear as disputed on the borrower’s credit report are not considered in the credit score
utilized by TOTAL Mortgage Scorecard in rating the application.

If the credit report indicates that the borrower is disputing derogatory credit accounts, the borrower must provide a letter of
explanation and documentation supporting the basis of the dispute.

Disputed derogatory credit accounts are defined as follows:

• Disputed charge-off accounts.

• Disputed collection accounts. AND
• Disputed accounts with late payments in the last 24 months.

Page 11 of 21 plazahomemortgage.com
Disputed derogatory credit accounts of a non-purchasing spouse in a community property state are not included.

TOTAL Mortgage Scorecard Accept/Approve Loans with Disputed Derogatory Accounts:

Disputed Derogatory Credit If the cumulative outstanding balance of disputed derogatory credit accounts of all
Accounts greater than or borrowers is equal to or greater than $1,000, the mortgage application must be
equal to $1,000 downgraded to a “Refer” and a DE underwriter is required to manually underwrite the
loan.
Disputed Derogatory Credit If the cumulative outstanding balance of disputed derogatory credit accounts of all
Accounts less than $1,000 borrowers is less than $1,000, a downgrade is not required.
Excluded Accounts • Disputed medical accounts are excluded from the $1,000 limit and do not
require documentation.
• Disputed derogatory credit accounts resulting from identity theft, credit card
theft, or unauthorized use are also excluded from the $1,000 limit. However,
the lender must provide in the case binder a credit report, letter from the
creditor, or other appropriate documentation to support the dispute, such as a
police report disputing the fraudulent charges.

Non-derogatory Disputed Accounts:

• Non-derogatory disputed accounts are excluded from the $1,000 cumulative total.
• Non-derogatory disputed accounts include the following types of accounts:
o Disputed accounts with zero balance.
o Disputed accounts with late payments aged 24 months or greater. AND
o Disputed accounts that are current and paid as agreed.

If a borrower is disputing non-derogatory accounts, or is disputing accounts which are not indicated on the credit report as
being disputed, the underwriter is not required to downgrade the application to a “Refer.” However, the underwriter must
analyze the effect of the disputed accounts on the borrower’s ability to repay. If the dispute results in the borrower’s
monthly debt payments utilized in computing the DTI ratio being less than the amount indicated on the credit report, the
borrower must provide documentation of the lower payments.

Section 13 Income and Employment

Refer to 4000.1.II.A.4-Income Requirements (TOTAL) or 4000.1.II.A.5-Income Requirements (Manual)

Verbal Verification of Employment:

• Required on all loans.

• VOE must cover the most recent 2-year period.
• Must be performed within 10 days of the loan closing.

IRS Form 4506-C:

• All transactions require a signed and dated IRS Form 4506-C for all borrowers completed prior to closing.
• Refer to Plaza’s Credit Guidelines to determine if transcripts are required.

Page 12 of 21 plazahomemortgage.com
Section 14 Qualifying Ratios

Debt Ratios: Refer to the Program Matrix for specific debt ratio requirements by loan scenario.

Qualifying Rate: Qualify based on the Note rate.

Installment Debt:

• Payments on all installment debts with 10 months or more of remaining payments must be included in the DTI.
• Installment debts may be excluded if they will be paid off within 10 months AND the cumulative payment of all
such debts are less than or equal to 5% of the borrower’s gross monthly income.
• Installment accounts cannot be paid down to 10 months in order to be excluded.

Auto Lease: Payment must be included in the DTI regardless of the remaining number of payments.

Revolving Debt: If the account shown on the credit report has an outstanding balance and is not reporting a minimum
monthly payment, the monthly payment for qualifying purposes must be calculated at the greater of 5% of the balance or
$10.

30-Day Accounts:

• In order to exclude payment in the debt ratio, the borrower must have paid the outstanding balance in full on
every 30-day account each month for the past 12 months.
• If there are any late payments in the last 12 months, a payment of 5% of the outstanding balance must be used.
• Sufficient funds to pay off the account, in excess of funds required to close and for reserves, must be
documented.

Deferred Obligations: Deferred obligations (excluding Student Loans) must be included in the borrower’s liabilities.
Written documentation of the deferral including the outstanding balance and terms of the deferred liability must be
obtained from the creditor.

• The actual monthly payment (after deferral) must be used when available.
• If the payment is not known, the greater of the terms of the debt or 5% of the outstanding balance must be used.

Student Loans: Refer to FHA Mortgagee Letter 2016-08:

• All Student Loans must be included in the borrower’s liabilities regardless of payment type or status of payments.
• The amount included in the liabilities must be:
o the greater of 1% of the outstanding balance or the monthly payment reported on the borrower’s credit
report; or
o The actual documented payment provided the payment will fully amortize the loan over its term.
Documentation must include:
▪ The actual monthly payment
▪ The payment status
▪ Evidence of the outstanding balance
▪ Terms from the creditor

Authorized User: Payments on accounts for which the borrower is an authorized user must be included in the debt ratio,
unless:

• It can be documented that the primary account holder has made all required payments in the last 12 months,
AND
• At least 3 payments have been required in the last 12 months

Page 13 of 21 plazahomemortgage.com
401(k) Loans: Repayment of debt secured by 401(k) funds is not included in the qualifying DTI.

Paying off Debt:

• Installment debt may be paid off to qualify.

• Revolving debt may be paid off; however, a minimum monthly payment of $10 must be included in the debt ratio.

Co-signed Obligations: Refer to 4000.1.II.A.4-Contingent Liabilities (TOTAL) or 4000.1.II.A.5-Contingent Liabilities

(Manual).

Section 15 Down Payment / Gifts

Down Payment:

• On purchase transactions the borrower must make Minimum Required Investment (MRI) of 3.5% of the lesser of
the appraised or sales price. This amount is in addition to any borrower closing costs.
• The deposit amount and source of funds must be documented if the amount of the earnest money deposit
exceeds 1% of the sales price or is excessive based on the Borrower’s history of accumulating savings.
• All funds that are used for the purpose of qualifying for or closing a Mortgage must be documented, including
those to satisfy debt or pay costs outside of closing.
• The existence of and amounts in the Borrower’s checking and savings accounts must be documented and
verified. For recently opened accounts and recent individual deposits of more than 1% of the Adjusted Value,
documentation of the deposits must be obtained. It must also be verified that no debts were incurred to obtain
part, or all, of the MRI.

Gift Funds:

Gifts Funds, including gifts of equity are allowed and may be used to meet the borrower’s MRI. Refer to 4000.1.II.A.4-
Gifts (Personal and Equity) (TOTAL) or 4000.1.II.A.5-Gifts (Personal and Equity) (Manual).

An outright gift of the cash investment is acceptable if the donor is:

• The borrower’s family member

• The borrower's employer or labor union
• A charitable organization (see below)
• A governmental agency or public entity that has a program to provide homeownership assistance to low- and
moderate-income families or first-time homebuyers.
• A close friend with a clearly defined interest in the borrower.

A gift from any other source is considered an inducement to purchase and requires a reduction to the sales price. Donors
may borrow gift funds from an acceptable source, not from a party to the loan transaction, including the mortgage lender.
Cash-on-hand is not an acceptable source of donor gift funds.

Unacceptable Gift Funds:

The donor of the gift may not be a person or entity with an interest in the sale of the property, such as the seller, seller
funded down payment assistance, real estate agent or broker, builder, or any entity associated with them. This restriction
may be waived by the local FHA HOC, certain restrictions and requirements apply.

Page 14 of 21 plazahomemortgage.com
Gift Letter Requirements:

The gift letter must:

• Specify the dollar amount given.

• Be signed by the donor and the borrower.
• State that no repayment is required.
• Show the donor's name, address, telephone number, and relationship to the borrower.

Additionally, the gift letter must also contain language asserting that the funds given to the homebuyer were not made
available to the donor from any person or entity with an interest in the sale of the property including the seller, real estate
agent or broker, builder, loan officer, or any entity associated with them.

Gift Transfer Documentation:

If the gift funds have been verified in the Borrower’s account, obtain the donor’s bank statement showing the withdrawal
and evidence of the deposit into the Borrower’s account.

If the gift funds are not verified in the Borrower’s account, obtain the certified check or money order or cashier’s check or
wire transfer or other official check, and a bank statement showing the withdrawal from the donor’s account.

Regardless of when the gift funds are made available to the homebuyer, the underwriter must be able to:

• Determine that the gift funds were not ultimately provided from an unacceptable source and were indeed the
donor's own funds. AND
• Trace the gift funds from the donor to the homebuyer.

When the transfer occurs at closing, the underwriter remains responsible for obtaining verification that the closing agent
received funds from the donor for the amount of the purported gift and that those funds came from an acceptable source.

The full amount of the gift(s) received by the borrower and the source of the gift(s) must be accurately entered and
identified in the AUS used to submit to TOTAL Scorecard in order to receive an accurate TOTAL Scorecard
recommendation. All gift funds must be identified, regardless of whether or not they have been deposited into the
borrowers account. If the dollar amount of the gift or the gift source in FHA Connection does not match the data provided
to TOTAL Scorecard at the time of insuring the transaction is automatically rescored and a “REFER” recommendation is
returned along with an error message that “TOTAL CASE RESCORED AS REFER; MANUAL UNDERWRITING
REQUIRED; ZFHA INVALID”.

Down Payment Assistance from Charitable Organizations/Non-Profit Agencies:

For complete requirements on Down Payment Assistance refer to 4000.1.II.A.4-Downpayment Assistance Programs
(TOTAL) or 4000.1.II.A.5-Downpayment Assistance Programs (Manual).

FHA does not approve specific down payment assistance programs in the form of gifts administered by charitable
organizations (non-profits). In addition, FHA does not allow non-profit entities to provide gifts to homebuyers for the
purpose of paying off installment loans, credit cards, collections, judgments and similar debts.

If a charitable organization loses or gives up its federal tax-exempt status, FHA will recognize the gift provided the gift is
made to the homebuyer and properly documented and the homebuyer has entered into a contract of sale, including any
amendments to purchase price on or before the date the IRS officially announces that the charitable organization's tax-
exempt status is terminated.

Gift funds from a non-profit agency must be sent directly to the closing agent from the Agency. The escrow/funding agent
must provide proof that the funds were received via a cashier’s check or a wire transfer from the non-profit agency. This
must be a condition of loan closing.

Page 15 of 21 plazahomemortgage.com
Seller-Funded Non-Profit Agencies: Not allowed. Examples include: Nehemiah and Ameridream.

Requirement for Federal Tax Identification:

If the non-profit agency is providing down payment assistance in the form of a gift, enter the Federal Tax identification
number of the non-profit agency into the CHUMS system in the field designated for a charitable organization's tax
identification number. Failure to do this will result in the loan not being insured by FHA.

Section 16 Reserves

Reserve Requirements:

• Cash reserves are not a requirement for 1-unit FHA loans approved through TOTAL Scorecard.
• All assets submitted to TOTAL Scorecard must be verified.

Refer to 4000.1.II.A.4-Reserves (TOTAL) or 4000.1.II.A.5-Reserves (Manual)

Section 17 Interested Third Party Contributions

Interested Party Contributions are limited to 6%

Fees not included in the contribution limitation:

Fees typically paid by the property seller under local or state law, local custom such as real estate commissions, charges
for pest inspections, fees paid for trustees to release a deed of trust, etc., are not considered contributions that must be
counted in the 6% limit. The dollar limit for property seller contributions is calculated using Attachment A on the HUD-
92900-PUR/HUD-92900WS.

Closing Costs Paid by Seller:

Closing costs normally paid by the borrower are considered contributions if paid by the property seller.

The property seller may not increase the sales price on a finalized purchase contract to cover closing costs. The
LTV/CLTV must be recalculated based on the original sales price if there is evidence in the loan file that the sales price
was increased to include the borrower's closing costs.

Real Estate Commissions:

• Sales commission consistent with the prevailing rate but not to exceed 6 percent. Anything exceeding this
amount is considered a sales concession and that excess commission and/or bonus must be deducted from the
sales price.
• The appraiser is required to disclose whether the purchase contract was reviewed and, if so, comment on any
excessive sales commission. Any excessive sales commission should be taken into consideration when arriving
at the final value.

Fees for Builder Forward Commitments:

• Fees for builder forward commitments that a builder obtains for blanket coverage before it enters into a contract
with a borrower are not subject to contribution limits because they are not attributable to the specific mortgage
transaction.

Refer to 4000.1.II.A.4-Interested Party Contributions (TOTAL) or 4000.1.II.A-5-Interested Party Contributions

(Manual)

Page 16 of 21 plazahomemortgage.com
Section 18 Property Eligibility

Eligible Properties:

• Attached/detached SFRs
• Attached/detached PUDs
• FHA-approved Condos

Single Unit Approved (SUA) Condos: SUA Condos are ineligible on FHA Express. Refer to Plaza’s standard FHA
Fixed and ARM program guidelines.

Manufactured Housing: Manufactured housing is ineligible on FHA Express. Refer to Plaza’s standard FHA Fixed and
ARM program guidelines.

New Construction – Refers to Proposed Construction, Properties Under Construction and Properties Existing
Less than One Year:

FHA treats the sale of an occupied Property that has been completed less than 1 year from the issuance of
the Certificate of Occupancy or local authority equivalent as an “existing” Property.

• New Construction must comply with the minimum documentation requirements per Sections II.A.8.i.i-iv of the
4000.1 Handbook.
• Refer to Plaza’s FHA New Construction Documentation Requirements document.

Ineligible Properties:

• 2-4 units
• Manufactured Housing
• SUA Approved Condos
• Commercial property
• Cooperatives
• Condotels
• Geothermal homes
• Geodesic Domes
• Mobile homes
• Non-warrantable condos
• Timeshares
• Working farms, ranches, orchards

Section 19 Appraisal

Refer to 4000.1.II.D.1-Appraiser and Property Requirements

All appraisals for FHA loans must be completed by a HUD-approved appraiser

Property Type Form Name/Number

Single-Family Residence, including PUD Uniform Residential Appraisal Form (#1004 / # 70)
Condominiums Individual Condo Appraisal Report (#1073 / # 465)
All properties Appraisal Updated and /or Completion Report 1004D/442

Page 17 of 21 plazahomemortgage.com
Plaza FHA Appraisal Transfer Policy:

Plaza will accept FHA appraisals from other lenders that meet the following criteria:

• Plaza must receive the original PDF and XML of the appraisal from the original lender
• The appraisal must include a Certificate of Compliance (COC) certifying the appraisal was ordered and completed
in accordance with Appraiser Independence Requirements (AIR). The COC is normally issued by the AMC and
accompanies the appraisal.
• Plaza must receive the last successful SSR from the original lender.
• FHA Connection must identify the appraiser who actually conducted the appraisal that is used for Insuring.
• Plaza’s branch to confirm that the appraiser was on FHA active roster as of the effective date of the appraisal.
• The effective date of the appraisal must be after the FHA case number assignment date.
• For transactions that are brokered to Plaza the appraisal cannot be in the broker’s name. This does not apply to
Principal Authorized Agent Relationships or Correspondent loans sold to Plaza from FHA approved Lenders.
• Plaza may not request the appraiser to re-address the transferred appraisal. If Plaza finds deficiencies in the
appraisal, a new appraisal must be ordered.
o Both appraisals are to be retained in the loan file and case binder.
o The file must be documented regarding why a second appraisal was ordered and retain the explanation in
the case binder.
• The appraiser cannot be on Plaza’s exclusionary list.

Section 20 Geographic Restrictions

State or geographic restrictions are identified here, however at this time Plaza may not be lending in all states listed.
Properties are limited to those states where Plaza branches are currently authorized to originate loans.

Hawaii: Properties in Lava Flow Zones 1 or 2 are not allowed.

Iowa: An attorney’s opinion of title is acceptable in lieu of a title policy, or a title policy may be ordered through the Title
Guaranty Division (TGD) of the Iowa Financial Authority.

Kansas: Properties located in the State of Kansas require the lender to obtain the market value.

Massachusetts: Septic system inspection required when a property is transferred to a different owner (purchase
money). All systems must be inspected within 2 years prior to the transfer of title to the property served by the system.
Inspections conducted up to 3 years before the purchase may be eligible when accompanied by records demonstrating
that the system was pumped at least once a year during that time.

Montana: Lot size of the property may not exceed 40 acres.

Texas: Cash out refinance transactions are not eligible in Texas.

Section 21 Max Financed Properties

The subject property must be the borrower’s only property as of the application date, regardless if the other properties are
financed or owned free and clear.

• Borrowers who will be retaining their current residence and can qualify with the full PITIA of both properties
without the use of rental income are eligible.

Page 18 of 21 plazahomemortgage.com
Section 22 Mortgage Insurance Premiums

UFMIP Premiums:

Effective for loans with case numbers endorsed on or after March 20, 2023 AND base loan amounts less than or equal
to $726,200, the following premiums apply:

Up-Front and Annual Mortgage Insurance Premium

Mortgage Term Greater Than 15 Years
LTV Simple Refinance
Simple Refinance
Purchase and Refinance Endorsed on or before
Endorsed after 5/31/2009
5/31/2009
> 95% 1.75% / 0.55% 1.75% / 0.55%
0.01% / 0.55%
<= 95% 1.75% / 0.50% 1.75% / 0.50%
Up-Front and Annual Mortgage Insurance Premium
Mortgage Term Less Than or Equal to 15 Years
LTV Simple Refinance
Simple Refinance
Purchase and Refinance Endorsed on or before
Endorsed after 5/31/2009
5/31/2009
> 90% 1.75% / 0.40% 1.75% / 0.40%
0.01% / 0.55%
<= 90% 1.75% / 0.15% 1.75% / 0.15%

Effective for loans with case numbers endorsed on or after March 20, 2023 AND base loan amounts greater than
$726,200, the following premiums apply:

Up-Front and Annual Mortgage Insurance Premium

Mortgage Term Greater Than 15 Years
LTV
Simple Refinance
Simple Refinance
Purchase and Refinance Endorsed on or before
Endorsed after 5/31/2009
5/31/2009
> 95% 1.75% / 0.75% 1.75% / 0.75%
0.01% / 0.55%
<= 95% 1.75% / 0.70% 1.75% / 0.70%
Up-Front and Annual Mortgage Insurance Premium
Mortgage Term Less Than or Equal to 15 Years
LTV
Simple Refinance
Simple Refinance
Purchase and Refinance Endorsed on or before
Endorsed after 5/31/2009
5/31/2009
> 90% 1.75% / 0.65% 1.75% / 0.65%
>= 78.01 to <= 90% 1.75% / 0.40% 1.75% / 0.40% 0.01% / 0.55%
<= 78% 1.75% / 0.15% 1.75% / 0.15%

Page 19 of 21 plazahomemortgage.com
Upfront Mortgage Insurance Premium (UFMIP) and Refinance Transactions:

If a borrower is refinancing an FHA-insured mortgage to another FHA insured Mortgage within 3 years, a refund credit is
applied to reduce the amount of the UFMIP on the new loan. See the table below for refund percentages.

UFMIP Refund Percentages

Month of Year
Year 1 2 3 4 5 6 7 8 9 10 11 12
1 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 60% 58%
2 56% 54% 52% 50% 48% 46% 44% 42% 40% 38% 36% 34%
3 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10%

Section 23 Escrow Accounts

Escrow/impound accounts are required for property taxes and insurance. The amount must be included in qualifying
ratios.

Section 24 Repair Escrow

Not available on FHA Express. Refer to Plaza’s standard FHA Fixed and ARM program guidelines.

Section 25 ARM Adjustments

Reserved for future use.

Section 26 Temporary Buydowns

Temporary Buydowns are eligible subject to the following:

• 2-1 and 1-0 buydowns are offered

• 30-Year Fixed Rate
• Purchase transactions only
• Qualify at the note rate
• Funds may come from the seller or other eligible interested party
o Interested Party Contribution (IPC) limits apply
o Seller paid buydowns must be documented on the sales contract or applicable legally binding document.
When a legally binding document other than the sales contract is used to document the Interested Party
Contributions, a copy of this document must be provided to the assigned Appraiser.
o The amount and source of all IPCs must be submitted to the AUS as applicable
• Buydown Agreement required and will print with Plaza loan docs
• Plaza’s Buydown Calculator can be used to estimate the buydown payment and total contribution amount

Section 27 Prepayment Penalty

Not allowed.

Page 20 of 21 plazahomemortgage.com
Section 28 Streamline Refinance

Not available on FHA Express. Refer to Plaza’s standard FHA Fixed and ARM program guidelines.

Section 29 Energy Efficient Mortgages

Not available on FHA Express. Refer to Plaza’s standard FHA Fixed and ARM program guidelines.

Section 30 Good Neighbor Next Door (GNND)

Not available on FHA Express. Refer to Plaza’s standard FHA Fixed and ARM program guidelines.

Section 31 HUD REO

Not available on FHA Express. Refer to Plaza’s standard FHA Fixed and ARM program guidelines.

Section 32 Insurance

Attached PUD:

If the master or blanket policy does not provide interior unit coverage replacement of improvements and betterment
coverage to cover any improvements that the borrower may have made, the borrower must obtain an HO-6 Policy or
“walls-in” coverage, as determined by the insurer, which is sufficient to repair the attached PUD unit to its condition prior
to a loss claim event.

For all other insurance requirements refer to Plaza’s Loan Closing Manual.

Page 21 of 21 plazahomemortgage.com

Investment Analysis and Portfolio Management
100% (1)
Investment Analysis and Portfolio Management
237 pages
Mortgage Basics
No ratings yet
Mortgage Basics
37 pages
FHA Single Family Housing Policy Handbook.
100% (1)
FHA Single Family Housing Policy Handbook.
1,139 pages
HUD Handbook 4000 PDF
No ratings yet
HUD Handbook 4000 PDF
559 pages
FHA Loan Guide
100% (2)
FHA Loan Guide
5 pages
Bank of Maharashtra Home Loan
100% (5)
Bank of Maharashtra Home Loan
95 pages
Complete Analysis of Bandhan Bank
No ratings yet
Complete Analysis of Bandhan Bank
18 pages
FHA Credit Policy Manual
No ratings yet
FHA Credit Policy Manual
146 pages
When Can I Buy - Short Sale
No ratings yet
When Can I Buy - Short Sale
1 page
The 1003 Form by Sushant
100% (2)
The 1003 Form by Sushant
31 pages
CH Capital FHA Road Show and Broker Package - Sok
No ratings yet
CH Capital FHA Road Show and Broker Package - Sok
22 pages
Highligted AD Non QM Owner Occupied 01162018
No ratings yet
Highligted AD Non QM Owner Occupied 01162018
2 pages
Flo AI Lead Purchase 2
No ratings yet
Flo AI Lead Purchase 2
7 pages
Most Common Mortgage Terms
No ratings yet
Most Common Mortgage Terms
4 pages
Conforming Standard Balance 2
No ratings yet
Conforming Standard Balance 2
7 pages
Loan Guidelines Us Bank
No ratings yet
Loan Guidelines Us Bank
12 pages
Announcement SEL-2010-07 May 27, 2010: Selling Guide Updates
No ratings yet
Announcement SEL-2010-07 May 27, 2010: Selling Guide Updates
5 pages
Short Sales PR Fact Final
No ratings yet
Short Sales PR Fact Final
4 pages
Mortgage Course 101: Residential Loans Commercial Loans Acquisitions Property Management
No ratings yet
Mortgage Course 101: Residential Loans Commercial Loans Acquisitions Property Management
9 pages
Department of Housing and Urban Development
No ratings yet
Department of Housing and Urban Development
6 pages
CWEarly NCAHMA HUD Changes - April 7th 2010 97 Version
No ratings yet
CWEarly NCAHMA HUD Changes - April 7th 2010 97 Version
10 pages
Mortgage Credit Analysis For Mortgage Insurance On One-To Four-Unit Mortgage Loans
No ratings yet
Mortgage Credit Analysis For Mortgage Insurance On One-To Four-Unit Mortgage Loans
78 pages
Financial Serivice and Insurance[1] 22[1] (1)
No ratings yet
Financial Serivice and Insurance[1] 22[1] (1)
23 pages
Understanding FHA loans
No ratings yet
Understanding FHA loans
2 pages
iInvestorsList-FixFlipCredit
No ratings yet
iInvestorsList-FixFlipCredit
42 pages
hf5 Matrix
No ratings yet
hf5 Matrix
5 pages
FHFA Short Sale Guidelines
No ratings yet
FHFA Short Sale Guidelines
4 pages
ckey
No ratings yet
ckey
159 pages
Home Direct Ebook - How To Finance Your Manufactured Home
No ratings yet
Home Direct Ebook - How To Finance Your Manufactured Home
28 pages
2022 08 23 Conforming Underwriting Guide Updates BULLETIN
No ratings yet
2022 08 23 Conforming Underwriting Guide Updates BULLETIN
8 pages
Short Sales Release 041712
No ratings yet
Short Sales Release 041712
1 page
FHA Loans Guide
No ratings yet
FHA Loans Guide
5 pages
Guidebook Buying A House
No ratings yet
Guidebook Buying A House
16 pages
How To Invest in Real Estate W or NMD Resell
No ratings yet
How To Invest in Real Estate W or NMD Resell
130 pages
Fact Sheet Fha 203b
No ratings yet
Fact Sheet Fha 203b
10 pages
Homeready Mortgage: Built For Today'S Home Buyers
No ratings yet
Homeready Mortgage: Built For Today'S Home Buyers
2 pages
SPRING 2012: Policy Continues To Drive Housing Performance
No ratings yet
SPRING 2012: Policy Continues To Drive Housing Performance
4 pages
Book of Home Finance: David L. Hershman
No ratings yet
Book of Home Finance: David L. Hershman
142 pages
Navigating The World of Housing Finance
No ratings yet
Navigating The World of Housing Finance
9 pages
Yeni STUDY Guide 1
No ratings yet
Yeni STUDY Guide 1
23 pages
Florida Home Buyer Program
No ratings yet
Florida Home Buyer Program
10 pages
Understanding Hafa: Presented by Gul Iranpur Maazda Realty
No ratings yet
Understanding Hafa: Presented by Gul Iranpur Maazda Realty
12 pages
02.02.10 Home Loan Rates
No ratings yet
02.02.10 Home Loan Rates
2 pages
Prelim Quiz 26
No ratings yet
Prelim Quiz 26
3 pages
The Short Sale Process
No ratings yet
The Short Sale Process
16 pages
FHA Loan Program Explanation for Loan Officer Assistants
No ratings yet
FHA Loan Program Explanation for Loan Officer Assistants
3 pages
Hud Program 223 (F) : Apartment Refinance Acquisition
No ratings yet
Hud Program 223 (F) : Apartment Refinance Acquisition
2 pages
Basic Requirements For A Short Sale Package
No ratings yet
Basic Requirements For A Short Sale Package
12 pages
Home Street Bank 203K Program
No ratings yet
Home Street Bank 203K Program
23 pages
AmWest Advantage Bank Statement (AAB) - 230201
No ratings yet
AmWest Advantage Bank Statement (AAB) - 230201
8 pages
Opening The Door To Homeownership: Homebuyer Loan Programs
No ratings yet
Opening The Door To Homeownership: Homebuyer Loan Programs
10 pages
CH Capital - Fannie Mae Cheet Sheet 5 Million and Up
No ratings yet
CH Capital - Fannie Mae Cheet Sheet 5 Million and Up
2 pages
A Survival Guide For Buying A Home - Sid Davis
No ratings yet
A Survival Guide For Buying A Home - Sid Davis
273 pages
Essentials of Real Estate Finance
100% (1)
Essentials of Real Estate Finance
46 pages
Pre-approval Letter 500k FHA
No ratings yet
Pre-approval Letter 500k FHA
1 page
Loan Matrix White Label Template Set 2 March 23
No ratings yet
Loan Matrix White Label Template Set 2 March 23
1 page
FHFA Reo Initiative 7312
No ratings yet
FHFA Reo Initiative 7312
1 page
Highlights From FHA/HUD MAP Lender Conference
No ratings yet
Highlights From FHA/HUD MAP Lender Conference
3 pages
Mortgage Banking and Residential Real Estate Finance
From Everand
Mortgage Banking and Residential Real Estate Finance
Patrick Mansell
No ratings yet
Housing Finance 2020
From Everand
Housing Finance 2020
Anna DeSimone
3/5 (1)
Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis
From Everand
Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis
World Bank
No ratings yet
How to Prosper in Canada’s Real Estate Crash
From Everand
How to Prosper in Canada’s Real Estate Crash
Kevin Bell
No ratings yet
Real Estate Community Digital Guide Book 3RD Edition
From Everand
Real Estate Community Digital Guide Book 3RD Edition
Takuma Guzman
No ratings yet
TRANSCRIPTION AND MORTGAGE ACT
No ratings yet
TRANSCRIPTION AND MORTGAGE ACT
36 pages
Unit 4 Verification and Valuation of Assets and Liabilities
No ratings yet
Unit 4 Verification and Valuation of Assets and Liabilities
54 pages
Black Book HDFC Securities
No ratings yet
Black Book HDFC Securities
64 pages
sarfaesi (1)
No ratings yet
sarfaesi (1)
11 pages
ropani vs DFCU
No ratings yet
ropani vs DFCU
27 pages
Statement of Cash Flow - IAS 7
No ratings yet
Statement of Cash Flow - IAS 7
8 pages
F 02 Banking Report
No ratings yet
F 02 Banking Report
21 pages
Huoban Energy 6 Private Limited
No ratings yet
Huoban Energy 6 Private Limited
6 pages
UPC FIN 460 Course Schedule
No ratings yet
UPC FIN 460 Course Schedule
1 page
Gaf 520
100% (1)
Gaf 520
383 pages
Dadis v. Sps. de Guzman
No ratings yet
Dadis v. Sps. de Guzman
5 pages
B. Com V - Financial Market Operations - AS 2640
No ratings yet
B. Com V - Financial Market Operations - AS 2640
8 pages
Procedure of Extrajudicial Foreclosure As Prescribed in Administrative Matter No
No ratings yet
Procedure of Extrajudicial Foreclosure As Prescribed in Administrative Matter No
6 pages
SAFE - One Pager
No ratings yet
SAFE - One Pager
1 page
CPA Reviewe
50% (2)
CPA Reviewe
93 pages
S K Enterprise BL
No ratings yet
S K Enterprise BL
4 pages
NFS Banking Law II
100% (1)
NFS Banking Law II
3 pages
Education Loan: NF-546 NF-416 NF-440
50% (2)
Education Loan: NF-546 NF-416 NF-440
11 pages
Chapter 1 Financial Statements
No ratings yet
Chapter 1 Financial Statements
49 pages
Commercial Property Commission Agreement
No ratings yet
Commercial Property Commission Agreement
3 pages
Business Legislation: Study of Contract of Pledge and Position of Financial Institutions
No ratings yet
Business Legislation: Study of Contract of Pledge and Position of Financial Institutions
14 pages
Diamond Trust Bank (U) LTD V Semakula Anor (Originating Summons 1 of 2019) 2019 UGCommC 26 (27 August 2019)
No ratings yet
Diamond Trust Bank (U) LTD V Semakula Anor (Originating Summons 1 of 2019) 2019 UGCommC 26 (27 August 2019)
4 pages
5.2. Effective Annual Interest Rate: Unit 5: Basic Long-Term Financial Concepts
No ratings yet
5.2. Effective Annual Interest Rate: Unit 5: Basic Long-Term Financial Concepts
4 pages
Ankit Thakur Assistant Professor Civil Engineering
No ratings yet
Ankit Thakur Assistant Professor Civil Engineering
53 pages
AUTO LOAN PPT
No ratings yet
AUTO LOAN PPT
8 pages
Donner Son Opinion Dans Une Dissertation
100% (2)
Donner Son Opinion Dans Une Dissertation
5 pages
HFFC
No ratings yet
HFFC
9 pages