HUD close to higher minimum net worth for lenders

May 10th, 2010

Written by Greg Frost Jr.

Categories: Branch Partner Opportunities, Federal Housing Administration, FHA, Housing and Urban Development, HUD, Mortgage Banker News, Mortgage Guidelines, Mortgage News, Mortgage rule changes, Mortgage rules, News

A new letter from the U.S. Department of Housing and Urban Development (HUD) outlines plans to raise minimum net worth requirements for prospective FHA mortgagees (MortgageDaily.com; subscription required).

The minimum net worth requirement had been $250,000 since 1993. Within the next few days, the amount will change to $1 million, though existing lenders will have one year to meet the new requirements.

Frost Mortgage has some of the best Branch Partner and Loan Officer offerings in the business. If the new requirements have you looking at platforms that can help you continue to be a top producer, give us a call–we don’t just close loans, we open doors.

Please take a moment to learn more about how Frost Mortgage can help you. If you're looking for a mortgage, please visit our Find a Loan Officer page. And if you're looking for the best Branch Partner opportunity in the business, please visit our Branch Opportunities page. Thank you!

Also, please follow us at

This entry was posted on Monday, May 10th, 2010 at 4:38 pm and is filed under Branch Partner Opportunities, Federal Housing Administration, FHA, Housing and Urban Development, HUD, Mortgage Banker News, Mortgage Guidelines, Mortgage News, Mortgage rule changes, Mortgage rules, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.