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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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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What Is a Mortgage Credit Certificate

The Mortgage Credit Certificate offers a great financial benefit for new homeowners — and it’s not widely known. A Mortgage Credit Certificate (MCC) is a certificate for primary residences that entitles you as a homeowner to an additional tax benefit when you file your federal income tax

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