For HMC use only
FHA Lunch and Learn
Sales Tip of the Week
More than half of all first-time homebuyers went FHA in 2010. Hold a lunch-and-learn for your
agents with this month’s PowerPoint to show them how FHA can open up their pool of qualified
This lunch-and-learn also gives you a chance to talk about recent guideline changes:
(1) Lower minimum loan scores (Flyer #527979 Simplify Sales with FHA)
(2) Extension of the Property Flipping enhancement to Dec 31, 2011 (Flyer to come)
(3) Increase in the MIP by 25 bps starting April 18, 2011—it’s time for buyers to get off the fence!
(Flyer to come)
See the “Training Tools” section in this highlight sheet for detailed info on these changes.
Script for PowerPoint #105752: FHA Government Insured Loans
How to use:
optional add-on PowerPoint #105113 FHA 203k
Optional Add-on Slides: Powerpoint #105113 FHA 203k
Talk to your agents about how the 203K loan get an FHA buyer into a home that’s not FHA
approved! The agents can open up the buyer pool by 50%--PLUS they have a better chance of
getting their asking price!
Training Tools/Self-Study Resources for HMCs
FHA Program Fundamentals Presentation for HMCs
High-Balance FHA Loan Program Presentation for HMCs
Lower Minimum Scores Allowed for FHA
EXTENDED to Dec 31, 2011: Enhancement: FHA “Property Flipping” policy changes
A previously posted My News article:
age=2 explained FHA “property flipping” policy changes that would be effective with fully
executed purchase contracts dated between Feb. 1, 2010 and Feb. 1, 2011. The deadline for that
change has been extended until Dec. 31, 2011. Clarification: Bond transactions must follow the
more restrictive of the bond program requirements or the Wells Fargo policy. All other
requirements continue to apply.
Increasing MIP effective April 18, 2011: See
Coming to www.hslmarketing.com on March 3, 2011.