Hey everyone…
I’m a broker (LO) with a licensed correspondent down here in FL, and we are bringing on FHA. (we just completed our audit, and are about 3 weeks out from approval)
I’ve been in the business for some time, but really didn’t have a need for FHA (infact it was a lesser product for my clientelle…)…
But with the changes that have been going on in the market, we are looking to service additional niches egs… high ltv cash-outs, high ltv 30yr term mobes, lower credit score debt consolidation… to name a few.
It seems that many of the transactions that I’ve been passing on would fly manual underwrite FHA. Especially, when I’m bettering a clients situation.
What I’m looking for is an industry guide that breaks down the niches, examples some of the do and don’ts of FHA financing. Anything that can help with common scenarios will get me up and running faster!
Thanks in advance for any advice…
Starke