After Underwriting Mortgage
After Underwriting Mortgage FHA Mortgage loan COMPENSATING FACTORS FHA Mortgage loan COMPENSATING FACTORS Compensating factors are factors that give your FHA home loan request that extra push needed for approval. For the home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the FHA loan program include: Minimal Down Payment and Closing costs. Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves [...]