How Underwriters Calculate Debt-To-Income Ratio
This blog will cover how underwriters calculate debt-to-income ratio on mortgage loan programs. Every loan program has lending requirements on…
FHA Loans After Unemployment Mortgage Guidelines
This blog will discuss qualifying for FHA loans after unemployment with gaps in employment mortgage guidelines. Homebuyers can now qualify…
Employment Gaps Lending Guidelines For Mortgage Approval
This blog concerns qualifying for a mortgage and getting approved with employment gaps in the past two years. Many borrowers…
Mortgage Guidelines on Defaulted Student Loans
Borrowers cannot qualify for a mortgage with defaulted federal student loans until the student loans are out of default.
How to Get a Mortgage With Short Employment History
A two-year employment history does not necessarily mean two consecutive years at the same job. You can have gaps in employment and/or multiple jobs in the most recent two years and still qualify for mortgage approval. In some cases, you can qualify for a mortgage with 12 months employment history.
How To Calculate Income For Mortgage With Multiple Jobs
This blog will cover and discuss how to calculate income for mortgage with multiple jobs. Homebuyers can qualify for a…
How Can I Qualify For W2-Only Income Mortgages
Homebuyers who still need to do their income tax returns or have substantial unreimbursed business expenses can qualify for W2-only…
How Unreimbursed Business Expenses Affect Mortgage Loans
In this blog, we will cover how unreimbursed business expenses affect qualified income for a mortgage. Unreimbursed business expenses only…
Chicago Mortgage Loans For Self-Employed Individuals
Chicago mortgage loans for self-employed individuals. Many folks in the Chicago Area are business owners and self-employed. If you are…
HUD Part-Time Income Guidelines For FHA Loans
In this blog, we will cover the HUD Part-Time Income Guidelines allowing part-time and other income to be used as…
Using Overtime Income To Qualify For Mortgage Loans
Can I Use Overtime Income As Qualified Income To Qualify For A Mortgage? You can use overtime and part-time income as qualified income as long as those other income has been seasoned for at least two years.
Employer Distance Requirements on Primary Home Mortgages
In this blog, we will cover employer distance requirements on primary home mortgages. Employer Distance Requirements On Primary Home Mortgages…
Mortgage Qualifying With Part-Time Income and Other Income
In this blog, we will cover and discuss mortgage qualifying with part-time income and other income lending guidelines. One of…
Exempt Debts of Co-Signed Loans For Co-Signer
In this article, we will discuss and cover exempt debts of co-signed loans for the co-signer when they need to…
Income and Credit Mortgage Guidelines on Home Loans
In this blog, we will cover income and credit mortgage guidelines on home loans. There are three main factors in…
Two-Year Work History Mortgage Guidelines | Employment Gaps
In this blog, we will cover and discuss the two-year work history mortgage guidelines and employment gaps to qualify for…
Changing Jobs During Mortgage Approval Process
In this blog, we will cover and discuss changing jobs during mortgage approval process. There are cases where mortgage loan…
FHA Work History Guidelines on Non-Traditional Jobs and Gaps
In this blog, we will cover and discuss FHA work history guidelines for borrowers with employment gaps and irregular jobs….
Self-Employed Mortgage Borrowers With No Income Tax Returns
In this guide, we will cover self-employed mortgage borrowers with no income tax returns required on a home purchase. Many…
What Is Maximum Monthly Mortgage Payment You Can Afford?
In this blog, we will cover and discuss what is maximum monthly mortgage payment you can afford versus how much…
