Loan repayment through cash

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Loan repayment through cash

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Loan repayment through cash

FHA is very specific about the source of the gift funds so be sure and discuss the details with your mortgage professional. Employment. Lenders like to see stability in a borrower and FHA is no different. FHA requires a two-year work history, preferably with the same company or at the very least the same industry.

Citizenship Status. In order obtain an FHA-insured loan repayment through cash, you must be a United States citizen and a resident of the area in which you will be signing the mortgage documents.

Loan repayment through cash