FHA Loans

I have two jobs/positions with one company. One is a W2, and I am labeled part-time. I average 34- 60+ hours every two weeks. Where can I obtain lending?

If the FHA Title I loan is under $7,500, the title I loan is considered an unsecured personal renovation loan. However, any Title I loans greater that $7,500 up to $25,000 is considered a second mortgage and the lien is placed on the house behind the first mortgage.

I am in the middle of the loan process with Cross Country Mortgage Brokerage in Schaumburg. I get a condition that needs realtors, sellers, and my signature and is called FHA AMENDATORY Clause. I asked my loan officer at least 5 times what a FHA AMENDATORY Clause means. I get different answers every time . I asked a processor from the Walden street branch of the the Cross Country Mortgage branch and the processors tells me that I need to talk to my loan officer. She says she cannot tell me because only licensed loan officers are allowed to explain it. I then reseached Cross Country Mortgage and they had the worst reviews. I think nobody at the Walden street branch in Schaumburg Illinois knows what the FHA AMENDATORY CLAUSE is. Can someone explain to me what the FHA AMENDATORY CLAUSE IS and is it supposed to be a secret?

I live in Texas in community property state . I need to qualify for $240,000 FHA LOAN. However, my wife has a $10,000 judgment . How will this affect me in getting approved for a FHA Loan without going through a legal divorce.

I am paying $950 a month in child support. How can I get a mortgage with that high payment?

Why do I need to get counseling before applying for a reverse mortgage?

Do you treat income taxes as past due if the taxes aren’t paid the earlier of when the tax return is filed or the last day to file without an extension?  Or at some later date?

• This discussion was modified 3 years, 6 months ago by  Alan Bercovitz.

FHA Down Payment Assistance programs are grants or loans offered by city, county, or state housing agencies to promote home ownership in their jurisdiction. Unlike general FHA loans, FHA down payment assistance is not a national uniform federal program. Each FHA down payment assistance program has its credit and income requirements.  This forum will answer questions about the individual FHA down payment assistance program per jurisdiction.

I have been in my same job for 4 years but was recently converted into a 1099 wage earner from W2. Can I still qualify for FHA loans?

What are the closing costs associated with FHA DPA loans?

What are the benefits of FHA high-balance jumbo loans?

Can I qualify for an FHA loan after filing bankruptcy?

• This discussion was modified 1 year, 10 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 10 months ago by  Sapna Sharma.

What are the advantages/disadvantages of a reverse mortgage?

Is the FHA 203K rehab loan product available only for those looking to living in a house, or is it also available for those looking into investment properties?

How Can I Qualify For FHA Loan If I Am Commission Income? What type of mortgage loan program enables me to qualify for a home loan with commission income? What are the eligibility requirements?

How Much Cash-Out Can I Get With Reverse Mortgage?

How to get rid of FHA Mortgage Insurance Premium?

Can a Borrower qualify for FHA with Low FICO Credit Scores?

How can I get an FHA Loan for an auctioned home when FHA Loan requires an inspector to come check out the building and auctioned homes generally don’t allow for people to inspect the house until after purchase?

Can you give me some information about HUD homes. I am currently in a new Chapter 13 bankruptcy?

Do you do Reverse Mortgages in Florida? HOW DOES REVERSE MORTGAGE WORK?

Do you have a minimum loan amount for FHA?

Do I have to be a US citizen to get a reverse mortgage on a home in the US?

Does a FHA loan require mortgage insurance through out the whole life of the loan?

Can You Close Into a Trust For FHA purchase loans?

Can I Purchase 2 To 4 Unit Property With an FHA LOAN with 3.5% down payment, live in one unit and rent out the other unit for rental income? What are the HUD GUIDELINES on buying a two-to-four unit multi-family home with an FHA loan?

what are the qualifications for a house to be approve for a FHA loan?

What are compensating factors and the importance of compensating factors in mortage lending?

How do you get a bankruptcy trustee approval to get approved for a mortgage during the Chapter 13 Bankruptcy. What is involved in getting a court trustee’s written approval letter for Chapter 13?

What Are The Minimum Credit Scores To Qualify For A FHA Loan?