Louisiana FHA & USDA Policy Changes – Non-Debtor Spouse Debt
Louisiana FHA & USDA Policy Changes
Effective immediately in Louisiana…
GMFS WILL NOT consider judgements, collections, federal student loans (delinquent/current), or installment debts of a non-debtor spouse in the qualification process when an FHA or USDA loan is used to finance sole and separate property in Louisiana.
Revolving debt WILL BE included.
We hope this GMFS policy change and our 11 day closes will help you grow your Louisiana business!