If you or a family member are in the process of trying to buy a home, then you should know that new changes to FHA Loan Guidelines may drastically affect the ability of new home buyers to qualify for a home loan.
You need to know this if you have student loans or plan to change employment soon.
These changes go into effect on September 14, 2015 and may likely lower the loan amount that you qualify for on an FHA loan. In fact, according to FHA Industry Experts, HUD didn’t just make minor adjustments to the FHA Handbook, they scrapped the entire existing FHA Guidelines and started over.
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If you are in the Real Estate purchase space as a Realtor or Buyer you should know that these changes are coming. …
Posted by Jason Wheeler on Wednesday, September 2, 2015
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