HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

Rochester Real Estate

NOVEMBER 5, 2015

Minimum Credit Score Requirement Credit scores play a major role in all types of loans including conventional and government mortgages. A good loan officer will have a feel for this during your initial discussions. The more assets you have, the stronger your application will be making it easier to get an approval.

Mortgages 52

Mortgages Banks Loans Pre-approval 52

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. They sign all of the loan documents, have interest in the property being purchased, and are required to pay the monthly payments if the primary borrower is unable to.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98