The following links are provided to outline approved compensation to Non-FHA Brokers:

RESPA/FHA EXISTING POLICY REGARDING NON FHA-APPROVED MORTGAGE BROKER FEES IN FHA MORTGAGE TRANSACTIONS

RESPA GUIDELINES

 

Program Overview

We are a full service lender that has a 14 year foundation in manual underwriting and industry expertise. Our goal is to become the Nation’s leading provider of the “Perfect” FHA mortgage experience. At PerfectFHA, we make the FHA loan process easy with common sense underwriting and fast, efficient service.

Get Started Today! Here’s How:

1. Contact PerfectFHA and register your company
2. Briefly discuss with your Account Executive our different HUD programs regarding our YSP and non-YSP options.
3. Identify FHA-eligible borrowers
4. Go to the forms section of our website and send the 1003, Submission Sheet and accompanying documents to PerfectFHA ( via fax or Fannie Mae V 3.2 format)
5. Work directly with our Account Management and Underwriting Team to quickly and logically close loans.

Our systems are completely FHA/HUD and RESPA compliant and provide a revolutionary approach to the loan process by utilizing technology and unparalleled knowledge to communicate with all parties involved.

MANUAL UNDERWRITING
• No DU or DO Approval Required
• No Credit Score Requirements
• Alternative Trade Lines Allowed
• Purchase, R/T up to 97.75%*
• Cash Out up to 95%
• Collection and Charge Offs Not
Required to be Paid on R/T**
• 6% Sellers Concession Allowed
• Underwriter Approval Prior to Appraisal • Incredible Chapter 13 Programs

*State and underwriting restrictions may apply.
**All federal collections and charge offs are required to be paid.