Question: HUD PFS net minimum guidelines, 88% if under 30 days, 86%, 30-60, 84% 60+: is the number of days based on the date the ATP is issued, offer is written, or closing occurs?
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They may be able to submit a variance to allow you into a lower NET bracket early.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
Perhaps but there is no one a HUD to review a Variance right now.
The clock starts ticking when the ATP is issued.
Date of ATP is when the clock starts. Then usually the date on the contract or the date when the lender reviews the offer dictates what tier it falls into.
Correct you are.