FHA ...... has been and still is as of today (tx, but why would that matter) the same size it was 6 mos to a year ago. It's large but large w/repeat docs which is I think mostly because they are prep'd from the lender and not the lender atty.... if I get a FHA from the lender's atty, it's a clean pkg. When the lender preps I print out dups and some pkgs that have new home docs w/the pkg.... home not new, spect. tank (no spect tank) etc..... but 3-4 hundred- pgs.?????
FYI...may be late news for many of you.....if you selling.... or not, FHA has changed their c.c./ppd's rules. (FHA was trying to compete w/the conv. loans so I heard a while back). The loan fees that the buyer could not pay (FHA NON ALLOW) can now be paid by the buyer (except tax service fee and MIP) and FHA does not require a Termite inspection anymore..... this is texas anyway...so I heard............ AND I am not an attorney and this is not legal advise... but dang, sure wish I was :The Texas Hammer" or had his $$...... texas joke ... look him up if you are bored.  |
