Modular, Prefabricated, Panelized, or Sectional Housing Requirements

Financing Modular Homes Factory-built housing such as modular, prefabricated, panelized, or sectional housing is not considered manufactured housing and is eligible under the guidelines for one-unit properties. These types of properties must: be built of the same quality of materials as and assume the characteristics of site-built

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Business Debt in Borrower’s Name

Business Debt in Borrower’s Name – calculating debt ratio When a self-employed borrower claims that a monthly obligation that appears on his or her personal credit report is being paid by the borrower’s business, the lender must confirm that it verified that the obligation was actually paid

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FHA Non-Occupying Co-Borrower

FHA Non-Occupying Co-Borrower Transactions For Non-Occupying Borrower Transactions, the maximum LTV is 75 percent. The LTV can be increased to a maximum of 96.5 percent if the Borrowers are Family Members, provided the transaction does not involve: a Family Member selling to a Family Member who will

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