FHA , DEAL OR NO DEAL

REASONS FHA WILL BE HUGE IN 2008

Reason #4 Flexible Underwriting

Subprime is dead. Clients with lower scores are either getting rejected for Conventional loans or being charged astronomical rates.

FHA does not have a minimum credit score requirement.

Select underwrites their own FHA loans. All FHA loans are initially put through a computerized underwriting system. Select, as a direct endorsement underwriter, can overturn any computerized decline if we can document compensating factors. This gives Select the flexibility to approve many more borrowers.