FHA 203K Rehabilitation - Colonial Mortgage Group

The donor must sign an FHA - Certified Gift Letter (Form 2421), unless otherwise determined by FHA’s Total Score Card. Gift funds may not be used a cash reserves for 3 and 4 unit properties. HPML - Further restrictions apply for loans classified as a Higher Priced Mortgage Loan: The DTI ratio must include the expected property taxes and insurance ................
................