I wouldn't be asking here. I would call HUD or talk to a real estate attorney.Lenders cannot collect what you do not legitimately owe.... and if HUD rejected the MIP then you should get that back in my opinion. But I am not an attorney
a regular first lien lender(bankers and brokers) would lose money doing a $35,000 cash out loan.you need a heloc lender..... like a bank or credit union.
I have done VA deals with 'bonus eligibility' before. I don't recall how the Vet obtained the additional eligibility. Might be worth the research, as it might get you enough for the next purchase...... assuming you qualify for two loans.
The loan officer likely would not have resubmitted with the 3.5% down coming from your own funds if you didn't have the allowable funds for the loan.The fact that you make too much for the DPA isn't a factor there.
No. FHA will take you right away. You have the other qualifications, and the underwriters will be strict. But a good loan officer can look at your situation and let you know if you have a chance right now.
What do the tax returns say?If we averaged 2yrs of real estate income(after deductions)..... what does that say?
They can only assume the loan with the lender currently servicing the note. Another lender cannot help.
If you fit guidelines, you fit guidelines. No problemI have seen MANY manual VA deals go thru..We cannot tell you why you got referred to manual, sounds like a thin credit file..... but that is just an educated guess.
I don't see anyone getting too upset about that. The lender will get the rel payment from the credit report.A simple email to the loan officer is all I would do.... You aren't in hot water
You cant do 100% cash-out in Texas.... Regardless of the lender and regardless of the loan type