4155 may sound like the price of a used car but it is actually the FHA bible. Most people in the mortgage business say it as “Fourty-One, Fifty-Five” as opposed to the Four Thousand One Hundred Fifty Five. This is the document number assigned to the federal housing administration (FHA) handbook for single family mortgage loans.
These […]
We have recently found out that Taylor Bean and Whitaker is still accepting FHA loans below a 580 credit score with a manual underwrite.
There underwriting times are very slow for this reason because they are getting a lot of loans they cannot approve. If you have an FHA loan below a 580 credit score and […]
Although FHA guidelines do state that Overtime pay should have a two year history, a Direct Endorsement Underwriter can make an exception to use overtime with only a 1 year history. A direct endorsement underwriter can also take previous job history and recent transfers into account when calculating overtime for someone who doesn’t have a full […]
Get in on the ground floor with a full service mortgage lender.
Are you tired of working for a broker or net branch that has no control over the mortgage process?
There is a better way to do business.
R P Funding is a new, locally owned, FHA Direct Endorsement Lender. Get in on the ground floor with […]
Mortgage bonds are sitting up slightly and trying to get some momentum to help get rates back down, but have been stalling out. If bonds can find the momentum to push mortgage rates back down before the close of the market today, we may be able to maintain the low level rates we have enjoyed […]
On May 13th mortgage bonds worsened considerably, causing interest rates to rise around .125%. Talk of inflation had a negative impact on the market as multiple Federal Reserve members made comments about inflation becoming a bigger problem.
Mortgage Rates have been on a roller coaster lately making it very difficult for consumers to determine when the […]
One of the many great features of an FHA Mortgage Loan is what it can do for borrowers in bankruptcy. While conventional loan programs turn their back on borrowers with bankruptcies, FHA will allow a borrower who has been in Chapter 13 bankruptcy for only 12 months for refinance their home and buyout the bankruptcy […]
Direct Mail is an important part of our marketing as a company. It took me years of research and trial and error to figure out a system that worked. When we first started using direct mail, we wasted tens of thousands of dollars on things that didn’t work. Direct mail is not a magic bullet, its […]
FHA has the best home equity program available. It allows you to borrower up to 95% of your homes value, turning equity into cash, and only has .5% mortgage insurance. For more information on FHA Home Equity Loans check out Home-Equity-Loan-Tips.com.
A home equity loan can be a great way to save interest by paying off […]
Marketing FHA Loans is a hot topic right now. Everyone knows FHA is “where its at” but most people are not sure how to market FHA Loans. I have been marketing FHA Loans for the past 10 years and let me tell you, business has never been better. The techniques I have been using for […]