What happens when a borrower is or was in forbearance on an existing home but they want to KEEP THE HOME and purchase a new home.

On conventional they have to make 3 payments once forbearance is complete.

But on FHA if a borrower owns a home and completes the forbearance program which means either they brought all the payments current, deferred the payments and started making the regular payments or did a modification and have new payment.

IF SO, without making the 3 payments after finishing forbearance they can purchase a new home by manually downgrading the loan and underwriting the file.