Tag Archive : FHA compensating factors

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What? Can I Have Many FHA Loans At The Same Time?

       FHA Loans

Homebuyers and Real Estate Agents often don’t realize that FHA allows a Borrower to co-sign as the **Non Occupant** Co-Borrower on an unlimited number of FHA loans. Really? Yes Really. Even though, unless there are special circumstances,  (like a forced job relocation or sudden and dramatic increase in family size) a homebuyer can really only have one FHA loan at…… Read More »

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What Are Compensating Factors for FHA mortgages ?

       FHA Loans

Often an FHA loan application hang in the balance because the Borrower has marginal credit or income history. Often the debt to income ratio is out of line and an FHA Underwriter may be forced to look for other factors in approving the loan. This is when compensating factors become critical and can tip the loan in the applicant’s favor……. Read More »