Home › Forums › Housing › Contrary to popular belief FHA loans are NOT carrying many areas of SD County
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DWCAP.
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December 7, 2009 at 1:18 PM #492189December 7, 2009 at 1:50 PM #491361
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ParticipantNever underestimate the power of the Bank of Mommy and Daddy.
December 7, 2009 at 1:50 PM #491527ParticipantNever underestimate the power of the Bank of Mommy and Daddy.
December 7, 2009 at 1:50 PM #491909ParticipantNever underestimate the power of the Bank of Mommy and Daddy.
December 7, 2009 at 1:50 PM #491997ParticipantNever underestimate the power of the Bank of Mommy and Daddy.
December 7, 2009 at 1:50 PM #492229ParticipantNever underestimate the power of the Bank of Mommy and Daddy.
December 7, 2009 at 2:22 PM #491386urbanrealtor
Participant[quote=GoUSC]We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.[/quote]
I think MI is mandatory for 5 years on FHA.December 7, 2009 at 2:22 PM #491552Participant[quote=GoUSC]We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.[/quote]
I think MI is mandatory for 5 years on FHA.December 7, 2009 at 2:22 PM #491933Participant[quote=GoUSC]We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.[/quote]
I think MI is mandatory for 5 years on FHA.December 7, 2009 at 2:22 PM #492022Participant[quote=GoUSC]We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.[/quote]
I think MI is mandatory for 5 years on FHA.December 7, 2009 at 2:22 PM #492254Participant[quote=GoUSC]We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.[/quote]
I think MI is mandatory for 5 years on FHA.December 7, 2009 at 4:53 PM #491485GoUSC
ParticipantCorrect, unless you get the LTV below 80% due to Capital Improvements (subject to appraisal of course) which we have done. The only caveat is that you can’t have it removed in the first 12 months.
December 7, 2009 at 4:53 PM #491651ParticipantCorrect, unless you get the LTV below 80% due to Capital Improvements (subject to appraisal of course) which we have done. The only caveat is that you can’t have it removed in the first 12 months.
December 7, 2009 at 4:53 PM #492033ParticipantCorrect, unless you get the LTV below 80% due to Capital Improvements (subject to appraisal of course) which we have done. The only caveat is that you can’t have it removed in the first 12 months.
December 7, 2009 at 4:53 PM #492121ParticipantCorrect, unless you get the LTV below 80% due to Capital Improvements (subject to appraisal of course) which we have done. The only caveat is that you can’t have it removed in the first 12 months.
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