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Friday, May 23, 2008 - FHA Approval

We get a lot of questions about how to get FHA Approval.

Please print this document that will give you detailed steps and advice for gaining approval.

CLICK HERE TO DOWNLOAD (PDF)
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- Electronic Disclosures

I get a lot of students that ask me where to get the electronic copies of the disclosure booklets.  Now you can have them too!  Here you go!  Now you can download them and create your own e-booklets.  You can also add these links to your website for additional disclosure.

~ Rachel


FEDERAL DISCLOSURES

1.  All Purchases Invovling 1-4 Family Residential Properties with 1st Liens

HUD Booklet 
PDF DOWNLOAD or
WORD DOWNLOAD   
     

2.  All Adjustable Rate Mortgages - NEW VERSION AS OF DEC 2006

CHARM Booklet "Consumer Handbook on Adjustable Rate Mortgages" 
DOWNLOAD HERE

3.  All Interest Only Mortgages

"Interest Only Mortgage Payments and Payment Option ARMS: Are They for You?" 
DOWNLOAD HERE

4.  Home Equity Loans and Home Equity Lines of Credit (HELOC)

"When Your Home is On the Line" by DOWNLOAD HERE

5.  Fair Housing Poster (for wall)

6.  Advice Booklet for Borrowers regarding Affordability of Loans

TEXAS DISCLOSURES

1.  Homestead Cash-Out Equity Loans
"Notice Concerning Extensions of Credit" disclosure a.k.a. the "12 day letter"
CLICK HERE FOR NEW VERSION EFF. 12-04-07
CLICKING HERE FOR OLD VERSION
2.  Pre-Qual Letter (Required Format)

3.  Mortgage Broker Recovery Fund Notice (For Wall & Website) - put Broker name on it.

4.  Multiple Roles Disclosure

5. Anti-Fraud Disclosure - Completed AT CLOSING!   Eff. 09/01/07

6. SML Prepaid Finance Charge Chart


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- Equal Housing Graphics for Printing or Websites

Make sure that you are in compliance and everyone knows you are are promoting equal housing and fair lending practices! 

The following logos were created at 300 dpi. Choose the size you need. 

To download a copy using Netscape, Shift-left click on the desired size and file type. A Save As window will appear. Save the file to the directory and folder of your choice.

To download a copy using Internet Explorer, right click on the link. Left click on Save Target As in the dialog box. A Save As window will appear. Save the file to the directory and folder of your choice.

[0.5 inch Equal Housing Opportunity Logo]              [0.75 inch Equal Housing Opportunity Logo]              [1.0 inch Equal Housing Opportunity Logo]              [1.25 inch Equal Housing Opportunity Logo]
[1.5 inch Equal Housing Opportunity Logo]             [1.75 inch Equal Housing Opportunity Logo]            [2.0 inch Equal Housing Opportunity Logo]



These can also be found on the HUD website at:
http://www.hud.gov/library/bookshelf11/hudgraphics/fheologo.cfm

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