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As of January 2003, FHA no longer requires PUD approval
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What does the acronym fha gov stand for?
FHA Gov stands for Federal Housing Administration. It provides mortgage insurance on loans made by FHA-approved lenders for single family and multifamily homes.
What was the FHA?
The FHA stands for the Farmers Home administration, originally the Farmers Security Administration. It serves poor farmers. And is still continuing helping them today. :)
What does fha mean in street slang?
free hand advice
What does fha stand for?
Depending on the context, FHA usually stands for Federal Housing Authority or Future Homemakers Association. If neither of these answers seem to fit in your context, please reword your question to include a context for how FHA is being used. It may also stand for Federal Housing Administration
What part of speech is the word approval?
Approval is a noun.
How do you get condo development FHA approved?
Your local FHA office can provide you with the details regarding the process required to obtain FHA approval for loans to buy units in the development.
Can you buy a house for your daughter to live in with an FHA loan?
No. FHA loans require that the property be owner-occupied.
Can FHA require repairs to a home being sold through an estate sale?
Yes, it can. The FHA does this to protect the people it services though its loan programs. It also protects the the entire FHA system including lender AND buyers in the event of a default of the buyer, and the property has to be resold. In that case, the FHA system, which "backs" the lender, will not have to spend the money to upgrade the property to meet codes. Since this protection is its aim, the FHA requires that houses bought with FHA money meet certain standards and this means that the house cannot be transferred in a poor condition. Some repairs will have to be made prior to FHA approval, but the cost of making them can be shifted to the buyer by increasing the sale price.
How long to approve an FHA loan?
Depending on many factors. Cookie cutter FHA loans can take a few days for a full approval. Manual Underwrite FHA may take 1-2weeks depending on how much documentation is required. Average turn time with most FHA lenders is 2weeks just to look at the file (04/11/2008)
Can you do a reverse mortgage on a townhome?
You can, if the town home is in an approved FHA complex it makes it much easier. If it is not then you have to apply for a spot approval which is asking for an exception to the requirement that the HOA or complex be FHA approved based on the merits of your particular property.
Does an FHA loan have a PMI requirement?
Most FHA loans will require a PMI (private mortgage insurance) It will depend on the area from which you get the loan as to what percent you will have to pay upfront or how much to get.
With 507 credit score How much can i get for a single family home here in Orange County California?
It is unlikely that a 507 score will result in an approval for a mortgage loan. FHA loans are the most flexible but still require scores far higher than 507.
What is the Minimum FICO score needed to obtain an FHA mortgage?
FHA guidelines do not require a "Minimum" FICO in order to obtain an FHA loan. Many investors that make FHA loans do, however, have a minimum FICO requirement. Contact a knowledgeable Mortgage professional in your area and he will be able to help you with additional information.
Where can I apply for an FHA refinance loan?
You can apply for a federal FHA refinance loan at your agent's office. Depending on the size of your agent's business, you will receive fast approval on many different packages, and the main factor is whether or not you have a substantial down payment for the refinance.
What action does not require congressional approval?
An executive agreement is an example of an action that does not require congressional approval. It is an agreement by heads of government, and is less formal than a treaty.
What action between heads of state does not require congressional approval?
executive agreement
Which type of irb review does not require an irb approval but does require a determination?
exempt review!
