We have been approved for a FHA Florida housing bond mortgage. If our income increases during the term of the mortgage, can our loan be modified or increased as well?
Can the Mortgage for a Florida Housing Bond Change if My Income Increases During the Term of the Loan?
Yes . There is a limit depending upon the company policies. If you have paid a certain installments of an existing loan, the loan amount can be raised depending upon your income. Depends upon the condition that if your previous loan was dependent upon your income,