Tiered Pricing and FHA Loans

There are many many rules that define who many discount points we can charge, or how much money we can earn in commissions in North Carolina.  But FHA has ADDITIONAL rules regarding pricing. FHA’s Tiered Pricing Rules  FHA’s Tiered Pricing Rules prohibit a lender from charging higher prices (discount points) for low balance loans than [...]

FHA Qualifying Requirements

Many of the folks we are talking with right now want to purchase a home using the FHA Mortgage Loan program – and then taking the $8000 Tax Credit (you can get that back NOW, like in 12 weeks, by amending THIS YEAR’s TAX RETURN!) to “pay yourself back” for the downpayment! Here are qualifying requirements [...]