FHA Loans – Page 2 – Superior Mortgage

What are the guidelines for borrowers with a short sale on a previous residence?

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Must deferred obligations be included in the borrower’s liabilities?

Deferred obligations (excluding Student Loans) refer to liabilities that have been incurred but where payment is deferred or has not yet commenced, including accounts in forbearance.

Can FHA clear Credit Alert Verification Reporting System (CAIVRS) information reported by other Federal Agencies?

FHA cannot alter or delete CAIVRS information reported from other Federal agencies, such as the Department of Education, Veterans Affairs, etc.

Does HUD provide an automatic extension for foreclosure when a Borrower files bankruptcy?

HUD allows the Mortgagee an additional 90 Days from the date of the release of stay of the Chapter 7 bankruptcy to recommence the foreclosure.

August 3, 2021

by Mankell Hayes

in Caliber Mortgage FHA Loans Tutorials

Learn how to generate and send initial disclosures from Caliber Home Loan System

Caliber Mortgage

August 6, 2021

by Mankell Hayes

in Caliber Mortgage FHA Loans VA Loans

1 1395 0

“] Https://blueprint.wholesale.caliberhomeloans.com

Can you buy house after bankruptcy

November 1, 2021

by Mankell Hayes

in FHA Loans Tutorials

1 1503 0

First, you need to wait until a judge discharges your bankruptcy before you can get a loan. But exactly how long do you need to wait?

Guide To Buying A House After Bankruptcy

November 2, 2021

by Mankell Hayes

in Conventional Loans FHA Loans Tutorials

2 1919 0

In some cases, you can apply for a mortgage after a bankruptcy after a waiting period of 1 or 2 years. In others, you may have to wait as long as 10 years. It depends on which mortgage you select, the type of bankruptcy you declared and your...