Good news! FHA has recently made changes that may allow prospective buyers and borrowers with student loans more flexibility. FHA will now use .5% – previously it was 1% – of the outstanding loan balance to calculate debt. This may…
Good news. There have been updates to Government Loan Fico Score requirements that may allow more borrowers to qualify! FHA and VA Loans may accept FICOS down to 620! Contact a GMFS Mortgage Loan Officer today for a no-obligation consultation…
HUD and VA announced that loan limits will be increasing next year (2019). Loan Type New 2019 Loan Limit Effective FHA $314,827 Read HUD Announcement National limit for a one-unit property Applicable with case #’s ordered on or after January…