Selling a home fha requirements
[DOC File]Mortgagee Letter 99-
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Sale by Owner of Record To be eligible for a mortgage insured by FHA, the property must be purchased from the owner of record and the transaction may not involve any sale or assignment of the sales contract. This requirement applies to all FHA purchase money mortgages regardless of the time between re-sales.
[DOC File]Selling
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Selling a home is a complex process involving what's likely to be your most prized financial asset. Enacting a smooth transaction for your home's full value requires the expertise of a REALTOR® whose extensive training has prepared him or her to generate the best possible results on your behalf. Just like you shouldn’t treat a broken leg without a doctor or handle a major legal dispute ...
[DOC File]Guide to Marketing and Selling NSP Homes - HUD Exchange
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A successful NSP home sales program will have relationships with FHA lenders and understand FHA underwriting requirements. For example, FHA lenders’ typical minimum credit score at this writing is 630 for low-down- payment loans, and the bare minimum is 580 for higher down payments.
[DOC File]APPENDIX D: VALUATION PROTOCOL - HUD
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The intended use for all appraisals prepared for FHA is to support the underwriting requirements for an FHA-insured mortgage. FHA Appraisals . FHA appraisals are no guarantee that the property is free from defects. The appraisal only establishes the value of the property for mortgage insurance purposes. Buyers need to secure their own home inspections through the services of a qualified ...
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