If you or a family member are in the process of trying to buy a home, then you should know that new changes to FHA Loan Guidelines may drastically affect the ability of new home buyers to qualify for a home loan.
These changes went into effect on September 14, 2015 and may likely lower the loan amount that you qualify for on an FHA loan. In fact, according to FHA Industry Experts, HUD didn’t just make minor adjustments to the FHA Handbook, they scrapped the entire existing FHA Guidelines and started over.
You can contact me to learn if you will qualify for a new FHA loan. If you have already registered your FHA Loan before the deadline of September 14th, then the previous guidelines still apply.
Call today to learn more about any of our loan programs; we always work to get you qualified for the best loan for you!