FHA and USDA recently changed their guidelines and will no longer permit non-permanent residents to participate in their programs.  This change will impact those who may be here legally but do not have permanent resident status.  As of today, we have not heard of any changes for conventional financing, so those options are still available for non-permanent residents.  If you have any questions, please message me or comment below.
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FHA and USDA recently changed their guidelines and will no longer permit non-permanent residents to participate in their programs.  This change will impact those who may be here legally but do not have permanent resident status.  As of today, we have not heard of any changes for conventional financing, so those options are still available for non-permanent residents.  If you have any questions, please message me or comment below.

ByBrandon Butler

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FHA announced that they are rescinding the “Reconsideration of Value” process that was put into place last year.  This process allowed a consumer to dispute the appraised value. Real estate agents are still permitted to submit additional information and comparables if they believe the value is incorrect. As of today, other types of financing still permit the consumer to dispute the value, such as conventional financing.  And VA loans have always had a process in place for the veteran to dispute a value.  If you have any questions, please message me or comment below.
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FHA announced that they are rescinding the “Reconsideration of Value” process that was put into place last year.  This process allowed a consumer to dispute the appraised value. Real estate agents are still permitted to submit additional information and comparables if they believe the value is incorrect. As of today, other types of financing still permit the consumer to dispute the value, such as conventional financing.  And VA loans have always had a process in place for the veteran to dispute a value.  If you have any questions, please message me or comment below.

ByBrandon Butler

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Owe Money to the IRS?  You may be wondering whether or not you can qualify for a home loan when you have outstanding IRS debt.  The key is to determine if a lien has been filed against you, or if you still have time to set up an installment agreement to pay your outstanding balance.  When you have an agreement in place, the monthly payment is viewed as a debt obligation.  However, a lien is viewed differently!  If you are curious about your situation, let’s talk! I’m happy to answer any questions.
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Owe Money to the IRS?  You may be wondering whether or not you can qualify for a home loan when you have outstanding IRS debt.  The key is to determine if a lien has been filed against you, or if you still have time to set up an installment agreement to pay your outstanding balance.  When you have an agreement in place, the monthly payment is viewed as a debt obligation.  However, a lien is viewed differently!  If you are curious about your situation, let’s talk! I’m happy to answer any questions.

ByBrandon Butler

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