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lrrsc

120 Posts

Posted - 08/26/2008 :  5:14:39 PM
Folks,

What's required to get your broker shop setup for FHA loans now? I know part of the new law was supposed to make it easier to set up a shop for FHA loans, but did that happen? Is it easier to get setup for FHA now?

thx
JL
getagreatrate

32 Posts

Posted - 08/26/2008 :  6:38:55 PM
Mini-Eagle - 63000 net worth, 20% of it liquid, lender sponsor needed. $1000 non refundable application fee. Quality Control Plan. Various other requirements. See 4060.1 Rev2 through HUDCLIPS. No easier. Takes 6 weeks or so.
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