Hilde's Mortgage Blog

December 9th, 2009 8:51 PM

In their most recent memo AHFC rescinded some restriction put in place earlier this year.

  • Automated underwriting is again acceptable in many situations
  • Minimum credit score is now 620
  • FHA/HUD184 loans can again be underwritten to FHA/HUD184 guidelines rather then to the more restrictive AHFC guidelines.
  • VA funding fee can again be added to the loan amount rather then having to be paid in cash by the borrower in many VA loan situations.
Posted by Hilde Stapgens, CMB on December 9th, 2009 8:51 PMPost a Comment (0)
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