Home Purchase With Bad Credit With Lender With No Overlays
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Home Purchase With Bad Credit With Lender With No Overlays

Homebuyers do not need great credit and high credit scores to qualify for a mortgage. You can have outstanding collections and charged-off accounts and qualify for a mortgage as long as you can get an approve/eligible per automated underwriting system.

What Are Common Lender Overlays on Government Mortgages
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What Are Common Lender Overlays on Government Mortgages

All mortgage companies need to have their borrower meet the minimum agency mortgage guidelines of HUD, VA, USDA, Fannie Mae, Freddie Mac. However, lenders can have higher lending requirements called lender overlays. Lender overlays are higher lending requirements that is above and beyond the minimum agency mortgage guidelines