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Fha eligible mortgage – Nhslaf – According to the HUD handbook, the minimum eligibility age for an FHA loan is the "age for which a mortgage note can be legally enforced in the state, or other jurisdiction, where the property is located." In many states, this age is 18.
To determine whether a borrower is eligible to participate in an FHA mortgage loan transaction or must be rejected, the lender must examine huds ldp list, the GSA List and CAIVRS , and document the reviews on the HUD -92900 -LT , FHA Loan Underwriting and Transmittal Summary.
· How to get an FHA 203(k) rehab loan. To determine eligibility for an FHA 203(k) loan, you’ll need to search for a lender that’s approved to offer FHA loans. Fortunately, HUD offers a tool on its website that allows you to search for FHA-approved lenders in your area. It even includes a featuring of searching only for lenders that have dealt with a 203(k) rehab loan in the last 12 months.