Okay, Place an offer on a small sale home. We were approved by the seller, then I was told we have been approved by the sellers mortgage company, now HUD has to review the paper work and approve the sell.
What does that mean? We are pre approved with a lender and have our ducks in [...]

I’m trying to find out some helpful information for my parents. They are considering a reverse mortgage, but so far my Mom has only spoke with one lender……We live in SC, and the last time they had their house appraised it was for ,500. or somewhere around that amount…..The lady she spoke to [...]

range from k-8k. how flexible is an fha loan and if they are not, could i make up the difference in the form of a cash down payment? what other costs am i looking at with this type of loan during closing? is it possible to buy hud or foreclosed homes with an fha loan? [...]

it was recently announced hud will allow FHA-approved lenders to issue small-term loans to advance the credit amount for use in purchasing the home. does anyone know if champion mortgage has such a program? i checked with my state housing dept and they do not currently have a program set up yet. this will be [...]

I’ve been reading all over Yahoo questions and answers where FHA requires a score of 580 or higher. This is just not right. If you want RIGHT answers go to their website or call them.
The information below is pulled directly from their web site at:
http://faq.fha.gov/cgi-bin/answers_hud.cfg/php/enduser/std_adp.php?p_faqid=250&p_created=1136419103&p_sid=XEt5Peaj&p_accessibility=0&p_lva=&p_sp=cF9zcmNoPSZwX3NvcnRfYnk9JnBfZ3JpZHNvcnQ9JnBfcm93X2NudD0xMDE4JnBfcHJvZHM9JnBfY2F0cz0mcF9wdj0mcF9jdj0mcF9zZWFyY2hfdHlwZT1hbnN3ZXJzLnNlYXJjaF9ubCZwX3BhZ2U9MQ**&p_li=&p_topview=1
FHA does not have minimum credit score requirements, although past [...]

I run a small branch of a HUD approved lender and have a lot of brokers who want to work for me to close their fha loans, but close everything else under their own license. I trust most of these people since I used to close loans with them as a wholesale AE. I am [...]