Just a quick update on a new FHA policy from Scott Wisuri at CBC National Bank...
"As of Sept 14, 2015, ALL FHA purchase loans are now subject to a termite report at the underwriters discretion*. As an FYI… this has always been the case with VA loans.
*Considering our proximity to (or being in) termite prone areas, I would go ahead and plan on getting a termite report at the beginning of the process with clients using FHA financing to avoid possible delays at the end.
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