manual underwriting

FHA Guidelines During vs After Chapter 13 Bankruptcy

ByGustan Cho Posted onMarch 17, 2024August 9, 2024

This guide cover the FHA guidelines during vs after Chapter 13 Bankruptcy on FHA loans. VA and FHA guidelines during…

Sell and Buy House at Same Time During Chapter 13 Bankruptcy

How to Buy and Sell a House While in Chapter 13 Bankruptcy

ByGustan Cho Posted onMarch 8, 2024August 8, 2024

In this blog, we will cover and discuss how to buy and sella house while in Chapter 13 Bankruptcy. Borrowers…

FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Videos

FHA Loans With 500 FICO Credit Score

ByAlex Carlucci Posted onFebruary 29, 2024August 8, 2024

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.

Videos | Manual Underwriting

Manual Underwriting With Late Payments Mortgage Guidelines

ByAlex Carlucci Posted onFebruary 28, 2024August 8, 2024

Can You Qualify For Manual Underwriting With Late Payments? VA and FHA allow manual underwriting for borrowers who cannot get an approve/eligible per automated underwriting system.

FHA Loans | Manual Underwriting | VA Loans | Videos

Manual Underwriting DTI Guidelines For FHA and VA Loans

ByMargarett Jurilla Posted onFebruary 26, 2024March 18, 2024

This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only…

Automated Underwriting System | Videos

How To Get Refer To Approve-Eligible Per AUS Approval

ByGustan Cho Posted onFebruary 5, 2024August 5, 2024

How To Get Refer To Approve-Eligible Per AUS To Qualify For Mortgage: There are ways of trying to get a refer/eligible findings to an approve/eligible per automated underwriting system.

Automated Underwriting System | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | VA Loans | Videos

VA Refer-Eligible Findings Versus AUS Approval Guidelines

ByAlex Carlucci Posted onJanuary 20, 2024October 8, 2024

In this blog, we will discuss and cover VA refer-eligible findings versus AUS approval guidelines. The United States Department of…

Bankruptcy Dismissal Versus Bankruptcy Discharge

Mortgage After Bankruptcy and Foreclosure | Manual Underwriting | Qualifying & Getting Pre-approved | Videos

Bankruptcy Dismissal Versus Discharge Mortgage Guidelines

ByGustan Cho Posted onJanuary 11, 2024April 4, 2024

In this blog, we will cover and discuss the difference when qualifying for a mortgage after bankruptcy dismissal versus bankruptcy…

Manual Underwriting | Automated Underwriting System | Videos

Manual Underwriting Versus Automated Approval

ByGustan Cho Posted onJanuary 8, 2024March 26, 2024

This guide covers manual underwriting versus automated approval. There are two types of Automated Underwriting Systems (AUS): Fannie Mae’s Automated…

Compensating Factors | FHA Loans | Manual Underwriting | VA Loans | Videos

Compensating Factors on Manual Underwriting

ByGustan Cho Posted onJanuary 6, 2024October 8, 2024

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.