Service | Speed | Satisfaction

HUGE NEWS! Student Debt Holders Get Relief from FHA

Thursday June 17, 2021, the Federal Housing Administration announced an update that increases the eligibility for homebuyer assistance for those with student loan debt by abandoning the current 1% assumption in favor a new calculation that favors what borrowers will actually pay monthly.  These changes, positively impact first-time-homebuyers with lower-income when seeking FHA home loans.  These updates will bring the FHA in line with government backed programs such as Fannie and Freddie.

Brokers and partners,  contact your Account Executive right away to learn more about this new update and how you can build even more business!

 

Learn more about becoming an approved partner with Fairway Wholesale Lending, visit https://www.wholesalethefairway.com/ 


  • Published By: Krish Dhokia
  • Date Published: June 21, 2021

Copyright© 2021 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. Not intended for consumers. B2B distribution to general public is prohibited. All rights reserved.