Give us a call at 303.779.0591

Delay in recent FHA changes

Delay in recent FHA changes

Notice came out that there will be a delay in current FHA changes, this could mean some of you have a little more breathing room! This delay is regarding the following:

  • Handling of disputed accounts (need to be dismissed or paid)
  • Paying off collections and judgements (if the total of collections on your credit is >$1,000 (sum) then you will need to pay them off or have shown 3 months payment history to the collection agency on a payment agreement.)

This was suppose to be in effect as of April 1, 2012 but has now been delayed until JULY 1, 2012!!!

If either of these apply to you and would effect your chances of qualifying then don’t wait to get pre-approved.

Click Here if you would like to complete a loan application.

Please call me if you need further clarification or have any questions,

Ray Williams

Branch Manager

Summit Home Mortgage

[email protected]

303-779-0591 ext. 101

Share this post:

This field is for validation purposes and should be left unchanged.
Mortgage Advice
View All
Denver 411
View All
303.779.0591
[email protected]
Hablamos Español

Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

NMLS Unique Identifier #1838215

Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

Home Mortgage Disclosure Act Notice. The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.

Website by Sparkling Marketing, Inc.