Comments on: FHA “Kiddie Condo” loan http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/ A Tempe, AZ Real Estate Weblog Fri, 27 Jan 2012 05:27:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: M Petrone http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/comment-page-1/#comment-142 M Petrone Sat, 20 Dec 2008 15:43:57 +0000 http://tempeagentnews.wordpress.com/?p=51#comment-142 People should not hesitate to get a condo or other investment property now. Rates are at an alltime low and there is a lot of available properties to be bought for amazing prices. Thank you for the good post. I will Check back again People should not hesitate to get a condo or other investment property now. Rates are at an alltime low and there is a lot of available properties to be bought for amazing prices. Thank you for the good post. I will Check back again

]]> By: Rod Rebello http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/comment-page-1/#comment-144 Rod Rebello Fri, 26 Sep 2008 02:11:59 +0000 http://tempeagentnews.wordpress.com/?p=51#comment-144 Karen, according to the <a href="http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4155.1/41551c1HSGH.pdf" rel="nofollow">FHA HUD handbook</a> on streamline refinances, section 1-12, paragraph D, item 9, the "kid" could do a streamline refinance and drop a co-signer from title if they show they can qualify on their own, this is referred to as "Credit-Qualifying" Streamline Refinance. Disclaimer: I'm not a loan expert, and recommend you verify this information with your lender. Karen, according to the FHA HUD handbook on streamline refinances, section 1-12, paragraph D, item 9, the “kid” could do a streamline refinance and drop a co-signer from title if they show they can qualify on their own, this is referred to as “Credit-Qualifying” Streamline Refinance.

Disclaimer: I’m not a loan expert, and recommend you verify this information with your lender.

]]> By: Karen http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/comment-page-1/#comment-143 Karen Fri, 26 Sep 2008 00:36:25 +0000 http://tempeagentnews.wordpress.com/?p=51#comment-143 Thanks for the information. I have a further question on this post... Can the "kid" under this program do a streamline refinance later when his/her income is sufficient to qualify without the original co-signer on the new note? Thanks for the information. I have a further question on this post…
Can the “kid” under this program do a streamline refinance later when his/her income is sufficient to qualify without the original co-signer on the new note?

]]> By: Rod Rebello http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/comment-page-1/#comment-141 Rod Rebello Fri, 07 Mar 2008 23:57:58 +0000 http://tempeagentnews.wordpress.com/?p=51#comment-141 Shailesh, I appreciate your explanation of the program and hope this discussion sparks more interest. I already seem to be getting some hits off searches for the kiddie loan program, so perhaps more are becoming aware of it. Shailesh, I appreciate your explanation of the program and hope this discussion sparks more interest. I already seem to be getting some hits off searches for the kiddie loan program, so perhaps more are becoming aware of it.

]]> By: Shailesh Ghimire http://tempeagentnews.com/2008/03/fha-kiddie-condo-loan/comment-page-1/#comment-140 Shailesh Ghimire Fri, 07 Mar 2008 21:46:55 +0000 http://tempeagentnews.wordpress.com/?p=51#comment-140 This is a great program and I wish more people would use it. Maybe its from a lack of information, but not many people ask about this to begin with. This is a great program and I wish more people would use it. Maybe its from a lack of information, but not many people ask about this to begin with.

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