FHA 232 Lean Process and Rates

All new application for FHA 232 insurance now must filed as FHA 232 LEAN loans.

Rates on FHA 232 Refinances are in the high 5% range.

New Construction FHA 232 Rates - Call Scott at (847) 903-7578

Assisted Living Underwriting now 1.45 to 1 Debt Service Coverage

FHA LEAN

LEAN 232 Pipeline as of March 6th, 2009

FHA # Requests – Purchase/Refinance – 208

FHA # Requests – New Construction – 41

Applications In – Purchase/Refinance –40 (with 18 more scheduled to come in shortly)

Applications In – New Construction – 7

Firm Commitments Issued – 18

Applications CLOSED –Purchase/Refinance – 9

Applications CLOSED – New Construction – 1 CW Capital - (4 pre-apps completed)