B2-1.2-03: Cash-Out Refinance Transactions (12/04/2018) – Requirements for a Delayed Financing Exception The original purchase transaction was an arms-length transaction. For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility Requirements .
FHA Guidelines On Employment Gaps And Job Seasoning Requirements – FHA Guidelines On Employment Gaps And Job Seasoning Requirements This BLOG FHA Guidelines On Employment Gaps And Job Seasoning Requirements Was UPDATED On December 8th, 2018 FHA Guidelines On Employment Gaps allows gaps in employment in qualifying for FHA Loans .
B2-1.2-02: Limited Cash-Out Refinance Transactions (08/07/2018) – Requirements for Limited Cash-Out Refinance Transactions with LTV, CLTV, or HCLTV Ratios of 95.01 – 97% If the LTV, CLTV, or HCLTV ratio exceeds 95% for a limited cash-out transaction, the following requirements apply.
How Soon Can I Refinance? No-Cash Out FHA Refinancing – No-Cash Out FHA Refinancing.. popular fha topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more.. to FHA mortgages and the site has substantially increased readership over the years and has become known for its "FHA News and Views".
The Various 90-Day Restrictions – 1-2-3 Flip – UPDATE FOR JANUARY 1, 2015: If you read the article below, you’ll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, the 90 Day Rule is back in effect.
Does FHA have Seasoning Requirements for Refinance. – Cash Out Refinance: The subject property must have been owned by the borrower as his or her principal residence for at least 12 months preceding the date of the loan application. Streamline Refinance (FHA to fha rate/term refi): Except for loans that were assumed, there are no seasoning requirements for streamline refinances.
FHA Refinance Loans for Homeowners in 2019 – January 22, 2019 – Lender requirements will vary, but FHA program rules allow a borrower to refinance an ARM loan to another ARM loan. A strategy some may use to keep a lower mortgage loan interest rate but stick with a plan to sell the home at a later date rather than keeping the house for the lifetime of the mortgage.
FHA Streamline Loan Seasoning Periods – fha streamline loan seasoning periods. When applying for FHA Streamline Refinance Loans, according to mortgagee letter 2011-11: – The mortgagor must have made at least six payments on the FHA- insured mortgage that is being refinanced, and – At least six full months must have passed since the first payment due date of the refinanced mortgage,