• Home Purchase

  Can I qualify for FHA LOANS With Loan Modification

  Posted by Cameron on August 17, 2024 at 7:55 pm

  Can I qualify for an FHA LOAN With a Loan Modification?

  Ollie replied 2 months, 3 weeks ago 2 Members · 1 Reply

  • FHA LOAN AFTER LOAN MODIFICATION
• 1 Reply

• 

  Ollie

  Member

  August 17, 2024 at 8:05 pm

  Yes, you can qualify for an FHA loan after a loan modification, but there are specific requirements:

  1. Payment History: You must have made on-time payments for at least 12 months after the loan modification.
  2. Waiting Period: Typically, there is no waiting period if you’ve been on time with payments, but some lenders may have additional requirements.
  3. Creditworthiness: Your overall credit profile and DTI ratio will be considered.

  Working with a lender who understands FHA guidelines is crucial for navigating the process successfully.

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