1-877-634-3642
1-877-NEHEMIAH
Whether you are seeking to grow your business, or simply
to broaden the range of customers you can serve, Nehemiah stands ready
to work with you to help more people become homeowners.
Saving to buy a home can be a difficult task. For many potential homebuyers
saving enough money for a downpayment and closing costs may take years
relegating them to renting instead of owning a home. With a gift from
Nehemiah you will be able to turn cash poor buyers into homeowners.
- Gift funds up to 6% of the contract sales price
- Online Paperless Processing available
- Approved by leading mortgage lenders
HUD Mortgagee Letter 2008-09 - April 1, 2008
HUD Mortgagee Letter 2008-09 states that for mortgage amounts that will exceed
the January 1, 2008 conforming limit of $417,000, FHA is requiring a second
appraisal for loans on properties in declining areas, and limiting
the loan-to-value for cash-out refinances to 85%. These requirements are effective
for all mortgages with FHA case number assignments made on or after the date
of this mortgagee letter.
Download HUD Mortgagee Letter 2008-09 in Word.
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