Questions for your loan officer

When you go to get a home loan here is a helpful hint.

Question everything.

When it comes to FHA programs some lenders have what are called overlays. Rules they have added on top of the FHA rules.

For instance if a loan officer tells you that you need a stove/range in a house in order to get FHA approval for the loan ask why.

This is not an FHA rule.

This is the lenders rule layed on top of the FHA rules.

Bottom line question your loan officer when it comes to USDA and FHA. Ask them if this is the loan companies rule or FHA and if it is FHA ask them to show you the rule.

FHA has both 1-800 number and a website the loan officer can look the information up on.

All the best

Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksproperties.com