Fha guidelines, loan originator, loan processor, fair lending training, qc file review

Fha guidelines, loan originator, loan processor, fair lending training, qc file review

Loan Originator or Loan Processor can offer FHA zero down payment loans to qualified Buyers who meet FHA loan requirements, but lack the down payment. With our down payment assistance, a qualified Buyer receives a gift up to 6% of the sales price of the home, so they to can live the American Dream of home ownership.Alliance Housing Foundation has all the key wholesale and retail lender approvals, we offer a low fee of $295.00 or $245.00 for new home builders. We also have the ability to offer gifts over 6% on a case by case basis. We are proud of our “never miss a funding” promise and we have the experience and knowledge to make our role in the transaction, seamless
HUD offers a FHA mortgage that is ideal for our program. It allows charitable foundations, such as Alliance Housing Foundation (501(c)(3) corp.), the ability to offer up to 6% of the sales price of a home as a gift, not a loan, to a qualified buyer.