VA Guidelines On Deferred Student Loans On VA Home Loans
This article explores the VA Guidelines on Deferred Student Loans and their influence on the debt-to-income ratio in the context…
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This article explores the VA Guidelines on Deferred Student Loans and their influence on the debt-to-income ratio in the context…
Borrowers cannot qualify for a mortgage with defaulted federal student loans until the student loans are out of default.
This blog aims to explore the difference between correspondent lending and mortgage brokers. A common inquiry we receive regularly pertains…
The primary emphasis of this blog centers around the waiting period obligations that individuals face after foreclosure, specifically those on…
This blog examines the eligibility requirements for FHA loans after unemployment or employment gaps. Prospective FHA loan applicants now have…
Does co-signing affect in buying home? This guide delves into the impact of co-signing on future home purchases. Specifically, we…
This blog post will explore Fannie Mae rental income guidelines and lending requirements. We will focus on elucidating the latest…
This article examines and clarifies the criteria for FHA Appraisals Versus Conventional Appraisals. There are significant differences in the guidelines…
This article will cover what escrow hold back is in the mortgage loan process. We will discuss escrow hold back…
This article delves into how underwriters analyze bank statements of borrowers. When individuals seek a mortgage loan, underwriters deem 60…
This guide will cover the Texas housing market forecast for 2023 going into 2024. The Texas housing market is booming…
This article will delve into the mortgage guidelines for FHA DTI ratios on manual underwrites. The key distinction between manual…
In this blog, we will discuss payment shock from paying rent as a renter to paying a mortgage as a…
There are special rules for commission income when applying for a mortgage:
These rules apply to anyone who earns at least 25% of their compensation from commissions.
In general, you must earn commission income for at least two years to use it for mortgage qualification. But there are exceptions.
Because commission income is variable, lenders average it according to certain rules.
Mortgage lenders must adhere to the Ability to Repay (ATR) rule when underwriting. That means they must make sure that borrowers can afford the loan before they approve it.
This blog post will explore the Fannie Mae-Freddie Mac charge-off guidelines applicable to conventional loans. Gustan Cho Associates has recently…
In this blog, we will be covering the QC Review Prior Clear To Close During Mortgage Process by some mortgage…
This article will delve into the HUD guidelines for gift funds in the context of home purchase transactions involving Federal…
This article delves into the implications and potential challenges homeowners may face in the unfortunate event of a job loss…
In this blog, we will cover and discuss qualifying for a mortgage during and after divorce on purchase and refinance…
According to VA and HUD Chapter 13 cash-out refinance guidelines, homeowners may be eligible for a cash-out refinance on an…
There are strict rules regarding the part-time income to full-time income mortgage guidelines. For part-time income to be used, borrowers…