Chenoa Down Payment Program
Chenoa Fund Down Payment Program
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Step 1 of the H20 Caliber System
FHA Home Loans for First Time Home Buyers
The Federal Housing Administration (FHA) is constantly adjusting its guidelines for first time home buyers so as to maintain the integrity of the mortgage insurance pool.
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Approval Process at Equity Prime Mortgage
Equity Prime Mortgage
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Are government entities required to provide a gift letter?
If a gift is provided by a governmental agency or public entity that has a program providing homeownership assistance to low- or moderate- income families or first-time homebuyers,
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How does a Mortgagee determine the monthly payment on a student loan?
The Mortgagee must include all Student Loans in the Borrower’s liabilities, regardless of the payment type or status of payments. Student Loan refers to liabilities incurred for educational purposes.
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How does a bankruptcy affect a borrower’s eligibility for an FHA mortgage?
A Chapter 13 bankruptcy does not disqualify a Borrower from obtaining an FHA-insured Mortgage, if at the time of case number assignment at least 12 months of the pay-out period under the bankruptcy has elapsed.
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Can overtime, bonus, or tip income be used as effective income?
Overtime, Bonus, or Tip income refers to income that the Borrower receives in addition to the Borrower’s normal salary.
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