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Anyone who tries to persuade you to make false statements on your loan paperwork is not only violating FHA home loan guidelines, they are breaking the law. Never deal with anyone who encourages you to be dishonest on your paperwork.

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December 14, 2017
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What About Dishonest Lenders?

FHA Common Question #42

It's true, when you go off in search of an FHA approved lender, you may encounter some unsavory practices along the way. Perhaps you started looking at a non-FHA home loan provider without meaning to, or you found what sounds like a better deal. Even if you are getting a legitimate offer, be sure to follow some good FHA home loan/HUD advice. For starters, never sign any document you don't understand. Ask for a complete explanation of all terms and conditions. If you get the runaround when asking for clarification, do not sign the documents. If you are unsure about the reputation of a particular lender or seller, it's a good idea to consult some real estate agents in your area to check the references of the agency or seller in question. You may learn a great deal based on the prior experiences of the agents you speak with! Anyone who tries to persuade you to make false statements on your loan paperwork is not only violating FHA home loan guidelines, they are breaking the law. Never deal with anyone who encourages you to be dishonest on your paperwork. FHA guidelines were created for a reason. Any lender who has a problem following them to the letter isn't worthy of your business.

NEXT:  Are There Housing Scams Out There?

FHA Loan Articles and Mortgage News

Read About FHA Requirements, Updates, and Guidelines
Credit Monitoring, Data Security Breaches, and Your FHA Loan

December 12, 2017 - What do Arby’s, Google, and the Internal Revenue Service all have in common? They each experienced some form of security compromise in 2017 that could have resulted (and often did) in sensitive consumer data being exposed to hackers, scammers, and thieves.

FHA Home Loan Limits for 2018

December 5, 2017 - The FHA has announced increased FHA loan limits for 2018. The higher limits affect FHA home loan transactions in high-cost areas, low-cost housing markets, and gives qualified applicants more borrowing power in typically-priced housing markets, too.

Are There Income Requirements for an FHA Mortgage?

November 30, 2017 - Are there income requirements for an FHA mortgage? Some applicants may be worried about earning too much money to qualify for a loan they mistakenly believe are intended only for a certain income bracket.

General Property Requirements for FHA Mortgage Loans

November 15, 2017 - FHA loan rules specify that a home must meet minimum standards in order to be approved for an FHA mortgage. These standards, set by the FHA, do not include state or local building code (which must also be satisfied) and FHA loan rules cannot override the law.

What Are the Requirements for an FHA One-Time Close Construction Loan?

November 13, 2017 - What are the requirements for an FHA One-Time Close Construction Loan? These loans can be different that a standard FHA new purchase loan-there are builders to pay, inspections, and other issues that don't come with other types of mortgage loans.