DPA for FHA - anyone know

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RANDY P

2832 Posts

Posted - 03/17/2008 : 2:47:11 PM

FOR A FACT if this is going away 4/1? if so, does this mean anything not locked, or anything not funded by that date?

rjp

jwillmott78

194 Posts

Posted - 03/17/2008 : 2:58:53 PM

what are you talking about dpa is not going away
they just won the case against the government
they are here to stay for a long time
i havent herd anything about not acceping dpa
thanks

RANDY P

2832 Posts

Posted - 03/17/2008 : 3:02:26 PM

It was mentioned by an AE that in April it's supposed to go away-

anyhow I just got clarification from quickdown that it's not going. They are supposed to be sending me a copy of the ruling.

Reason I ask is that I just picked up a purchase that needs it.

rjp

jwillmott78

194 Posts

Posted - 03/17/2008 : 3:11:43 PM

we can help you out
we are at 48 hours for underwriting
we use all types of dpa programs
heart is a cheap one
let me know
thanks

RANDY P

2832 Posts

Posted - 03/17/2008 : 3:15:50 PM

you like Mobile Homes and / or manual underwrite?

jkennedy1234

187 Posts

Posted - 03/17/2008 : 8:16:42 PM

www.getdownpayment.com

they have a link to the recent case. if you looking for a good FHA partner. lets talk.

ladysammm

354 Posts

Posted - 03/17/2008 : 9:33:48 PM

Hi Randy, I am a wholesale rep for Assurity Financial Services and we do lend on Mfg housing if it meets HUD requirements and will accept DPA. We do not have a min Fico and we will manual underwrite. We lend in WA. Email me if you would like more detail and rates.

pam.kirchner@assurityfinancial.com
FHA The Assurity Way!