FHA over the value of the property???

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barnucci

469 Posts

Posted - 01/30/2008 : 1:39:24 PM

Can anyone explain what investors would allow this to happen? A second behind an FHA over 100%???

As I understand it, FHA doesnt have CLTV guidelines, correct?

thanks for your help...

Perfect Fha

516 Posts

Posted - 01/30/2008 : 9:51:20 PM

You are correct. The second mortgage company will have to subordinate and the FHA loan can be rate and term only.

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