FHA 4155
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 are the FHA Loans that are all the buzz right now in the mortgage business. If you are a loan officer, processor or any other industry insider who is involved in FHA Loans I suggest you get a copy of the 4155 and study it. It is THE guidebook for FHA Loans.
When I first got into FHA loans back in 1998 I read the 4155 word for word over and over again and it made me a much better originator. I could quote guidelines in my sleep which gave me a huge advantage. The 4155 is the FHA BIBLE!