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Mortgage borrowers eligible for VA loans can use the VA DTI mortgage calculator, powered by Gustan Cho Associates, to calculate their debt-to-income ratio. The Veterans Administration, or VA, does not have a specific debt-to-income ratio cap on VA loans.  Borrowers can get an approve/eligible per automated underwriting system (AUS) with over 65% DTI and lower…

Oregon mortgage loans include FHA, VA, USDA, conventional, jumbo, renovation, and Non-QM programs. The right loan depends on your credit history, qualifying income, down payment, military eligibility, property type, and location. Eligible homebuyers may also qualify for state or local down payment assistance. Income limits, purchase-price limits, homebuyer education, property location, and funding availability may…

How to Rebuild Credit for Mortgage Approval: A Simple Step-by-Step Guide If you’re dreaming of owning a home but your credit score is low, you’re not alone. Many homebuyers today need to rebuild credit for mortgage approval. The good news? You can raise your score and get approved faster than you think. Rebuilding credit before…

An FHA 203k loan can finance the purchase or refinancing of a home, as well as the cost of eligible repairs, through a single mortgage. The lender holds the renovation funds in an escrow account after closing and releases them as approved work is completed. The program has two options. A Limited 203k can cover…