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| Some lenders will not touch an FHA loan that can not be approved through an automated underwriting system, and some have started to require minimum credit score requirements. However, there are quite a few lenders who will manually underwrite FHA loans. A manually underwritten FHA loan is a when the automated system will not approve the loan and it is actually reviewed by live person. A manual underwritten loan is often required for borrowers with special circumstances or for other things that need explaining and can be backed up by proof. After the explanations are submitted along with any proof the underwriter can approve the loan based on their discretions or ask for any additional information needed to make a decision. |
FOR
ADDITIONAL INFORMATION ABOUT THE SERVICES I PROVIDE,
VISIT MY
OTHER WEBSITE AT: Georgia Loan Advice |
Other
Websites:
Loan Officer | Guaranteed Rural Housing Loans | USDA Guaranteed Rural Housing Loans |
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