Nehemiah Fee Changes for FHA Down Payment Assistance

Date June 13, 2008

Assistance for sees Increased Fee

Nehemiah Down Payment Assistance for FHA Mortgages

According to The Program, effective June 9, 2008, the fee for processing the assistance program through will be increasing. Here is an excerpt from their press release:

has built its reputation through our relentless commitment…

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Types of Alternate Credit for FHA

Date May 9, 2008

According to the HUD Mortgagee Letter 2008-11, HUD has created two groups of references that can be used as alternative credit for FHA mortgage loans. These are used when the borrower’s credit file does not have enough information to create a credit score, or when the credit file produces a score with very limited credit. HUD stressed that these are not to be considered as an alternative to “poor credit.”

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