What The Huck? - Changes Coming In The New Year

The new year is just around the corner, and so are many changes for our borrowers. From a reduction in FHA lending limits, to tightened LTV ratios and an increased look-back on documentation - the need for your clients to get in touch with a lender and have their documents reviewed FAR IN ADVANCE of putting in an offer has never been more imperative. If there are changes that a client needs to make in their deposit practices, adjustments to their balances, credit usage, or correction of misreported trade lines, with the new 60 days of documentation requirement it may take 90 DAYS to have usable documentation and get through the underwriting process. If your clients want to take advantage or the old FHA limits, they will need an FHA Case Number before years end. I can help you meet that deadline. For video content, make sure to view my You Tube Channel - What The Huck? We have Investment Properties & Cash-Out available now for Foreign Nationals, too! Feel freee to ask any follow-up questions and Merry Christmas!


Huck Kircher