What Is FHA Manual Underwriting?

What is FHA Manual Underwriting? It's the secret to helping would-be homebuyers with past credit issues. #FHALOAN #Manualunderwriting
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FHA has flexible credit requirements and manual underwriting is like a secret key that unlocks the door. If you've been told you can't be approved, a manually underwritten loan may be just what you need.

Timecodes:
(00:00) Introduction
(00:33) Understanding Manual Underwriting
(01:02) Automated Underwriting System (AUS) Explained
(01:29) Working with Lenders and Overlays
(01:55) Debt-to-Income Ratio Guidelines
(02:27) Front-End and Back-End Debt-to-Income Ratios
(02:53) Credit Scores and Manual Underwriting
(03:18) Compensating Factors for Increased Ratios
(03:51) Reserves: How Much Do You Need?
(04:25) Reserves, Down Payment, and Closing Costs
(04:48) Verifying Rent and Living Arrangements
(05:14) Explaining Derogatory Credit
(06:11) Conclusion and Closing Remarks

What Is Manual Underwriting?
https://bayou-mortgage.com/mortgage-1...
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Channing Moore
Owner, Bayou Mortgage
NMLS # 1235512
Company NMLS # 1845349
Equal Housing Lender
Licensed in the State of Louisiana & Florida
Company Address:
791 Bayou Pines East Unit 5
Lake Charles, LA 70601