[quote=Ren]But at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.[/quote]
Yes. I think FHA does require you to prove you can make payments. Maybe HLS can verify. Perhaps appraisals are not being done, but do you have to show income.
Thank you for the info on the dollar amount for FHA. This raises another question for me, then. I have noticed that homes priced under 500k move quickly and prices above that take a little longer. If FHA is not the reason for the dollar amount, then we are looking at incomes. Seems most people will only qualify for 500k and under. Those seem to be the easiest, quickest selling (even multiple offers). The exceptions continue on the higher priced homes.
