FHA Loans With 500 FICO Credit Score
HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
Can I Have Two FHA Loans at The Same Time
This guide explains the requirements for obtaining two FHA loans at the same time. This is important information for those…
Manual Underwriting DTI Guidelines For FHA and VA Loans
This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only…
Can I Have Two FHA Loans Due To Expanding Family Size?
This guide addresses common inquiries regarding the possibility of maintaining two FHA loans due to expanding family size. Typically, individuals…
Modular Homes Mortgage Guidelines For Homebuyers
This guide covers modular homes mortgage guidelines on purchase and refinance transactions. Modular homes are becoming more and more popular…
FHA MIP Versus Conventional PMI For Mortgage Borrowers
This guide covers FHA MIP versus conventional PMI for mortgage borrowers. Mortgage Insurance is mandatory on all FHA loans and…
HUD Guidelines versus Lender Overlays on FHA Loans
This guide covers HUD guidelines versus lender overlays on FHA loans. There have been notable changes for HUD guidelines versus…
Best Mississippi FHA Lenders For Bad Credit With No Overlays
Mississippi has one of the hottest housing markets in the nation. The housing market in the state has been booming for many years.
FHA Mortgage Guidelines: Guide To FHA Loan Approval
FHA mortgage loans stand out as the leading choice among borrowers in the United States. The Federal Housing Administration (FHA)…
FHA Appraisal Transfer To A New Mortgage Lender
In this blog, we will discuss and cover the FHA appraisal transfer from your old lender to a new mortgage…
How To Get Approved For FHA Loans With No Credit Scores
Gustan Cho Associates are experts when analyzing consumer credit reports. Since we do not have lender overlays, we see all…
Manufactured Home Financing Requirements
This guide covers manufactured home financing requirements. Many home buyers of manufactured home financing have a difficult time getting it….
Fannie Mae Guidelines on Community Property States
This guide provides clear information about Fannie Mae’s rules for Community Property States, helping people looking for mortgage information. It…
FHA Guidelines on Manufactured Home Loans
This guide covers FHA Guidelines on Manufactured Home Loans. FHA Guidelines on manufactured home loans are released. HUD, the parent…
FHA DTI Ratios on Manual Underwrites Mortgage Guidelines
This article will delve into the mortgage guidelines for FHA DTI ratios on manual underwrites. The key distinction between manual…
What is an FHA Case Number on FHA Home Loans
This blog will cover and discuss the FHA case number on new FHA mortgage applications. We will also discuss transfers…
Debt-To-Income Ratio Limit To Qualify For Mortgage Loan
This GUIDE covers debt-to-income ratio limit to qualify for a mortgage loan. Home loans and debt-to-income ratio limit. Every mortgage…
Fannie Mae and HUD Guidelines on Conforming vs FHA Loans
This guide covers Fannie Mae and HUD Guidelines on conventional versus FHA loans. Fannie Mae and HUD guidelines on conventional…
The Pros and Cons of Conventional and FHA Loans
This guide covers the pros and cons of Conventional and FHA loans. The pros and cons of Conventional and FHA…
How Does FHA Define Family Member Co-Borrowers
This guide covers how does FHA define family member. In this blog post, we’ll explore FHA’s criteria for defining a…
Compensating Factors on Manual Underwriting
Mortgage Underwriters will require one or more compensating factors for borrowers with higher debt to income ratio on manual underwrites to offset the risk of the higher DTI.
Credit Scores Required For FHA and VA Loans
This guide covers the credit scores required for FHA and VA loans. Many borrowers are confused about the credit scores…
