Multifamily Capital Memorandum regarding FHA forbearance To: Subject: Date: Multifamily Capital Clients New FHA Insured Loan Forbearance Agreements April 14, 2020 The CARES Act was passed for the purpose of providing assistance to individuals, small and distressed businesses including tenants and owners...
For FHA mortgage holders who can't continue to make their required monthly payments, a COVID-19 Recovery Modification may be the next available step. The Recovery Modification sees the servicer use partial claim funds of up to 30% of the unpaid balance of the loan to cover any overdue amou...
The FHA 203(k) improvement loan is also known as the FHA construction loan or rehab loan. It can help borrowers buy and renovate a home at once. It can also cover the repairs and renovations of the house you already own. The downside for some is that you have to use a pro contractor...