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…
Solutions For No Credit Scores on Mortgage Approval
This guide covers solutions for no credit scores on mortgage loan approvals. There are cases where consumers do not have…
Bridging the Gap to Homeownership with FHA Down Payment Assistance Programs & Conventional Loan Programs
Today’s blog is a follow-up to last week’s blog, Opportunities for First-time Homebuyers in 2023. If you did not have a chance to read last week’s blog, I would suggest you do so. It is a quick and informative read. I will discuss the benefits of FHA down payment assistance programs for anyone who is…
Credit Score Needed For Mortgage on Home Loans
This blog will cover the credit score needed for mortgage on home loans. We will cover the frequently asked question…
FHA Loans With Under 620 FICO in Utah with Collections
In this article, we will cover and discuss qualifying for FHA loans with under 620 FICO in Utah with outstanding…
FHA Loans Versus Non-QM Loans for Bad Credit Borrowers
We will be comparing FHA loans versus non-QM loans for homebuyers with credit/income issues and have you fully understand the…
