FHA Connection - How does it work? - myFICO® Forums - 1440986 Any time a FHA loan gets denied, the denial is attached to that case number In FHA Connection(FHA's website) there are comments provided by the FHA underwriter on why it was denied If your buyer goes to another lender to get approved, the new underwriter must prove how the previous underwriter was wrong or how the loan file has changed
FHA Denied Loan Day Before Closing - myFICO® Forums - 5260706 FHA guideline stated here: (2) Late Mortgage Payments for Purchase and No Cash-Out Refinance The Mortgage must be downgraded to a Refer and manually underwritten if any mortgage trade line, including mortgage line-of-credit payments, during the most recent 12 months reflects:
FHA CAIVRS - Concerned - Can LO check proactively? Nov 2021 - Sold my home which was also an FHA loan Nov 2021 - Paid off some student loans (all in good standing), Paid off IRS taxes, no car payments, DTI low 20%, and lowered credit util down to 1% Mortgage scores the low 700s (siggy below) have cash for new mortgage down payment (FHA my only option)
Second level review FHA, please advise. - myFICO® Forums Re: Second level review FHA, please advise Sounds like you chose the wrong lender and Loan Officer When I have a difficult file, I tell my clients upfront where the issues are and we work on plugging those holes in the file prior to submitting the loan to the Processor and especially the Underwriter
FHA Mortgage Application W2 Income Sched C Loss For those who may read this question and subsequent answers, FHA does not require 1040s or the validation of those federal income tax returns unless you are currently self-employed If you have a 2 year history of W2 income, then you should only be asked to supply 30 days paycheck stubs, 2 years W2s, and HR Payroll contact information so the
FHA Loan w IRS Payment Plan - myFICO® Forums - 5008996 Re: FHA Loan w IRS Payment Plan Generally speaking, your lender (like most) is going to exercise a 4506-T form that you sign at application to obtain a copy of your account history and transcripts with the IRS in order to verify what you've submitted to the lender matches what's on file with the IRS