ByGustan Cho, NMLS 873293
Posted on
Borrowers who have credit scores under 620 FICO need a lower debt to income ratio to get an approve/eligible per automated underwriting system.
ByJohn Strange, NMLS: 230932
Posted on
HUD reserve requirements depend on the property type and how the FHA loan is underwritten. A standard one-unit FHA loan…
ByDale Elenteny, NMLS: 904444
Posted on
Borrowers cannot qualify for a mortgage with defaulted federal student loans until the student loans are out of default.
ByGustan Cho, NMLS 873293
Posted on
A prior loan modification does not automatically prevent FHA approval. FHA guidelines on mortgage after loan modification depend on the…
ByAlex Carlucci, NMLS: 229891
Posted on
Job relocation mortgage guidelines can allow you to buy a home when transferring with your current employer or moving for…
ByGustan Cho, NMLS 873293
Posted on
In this guide, we will cover and discuss the statute of limitations on collection accounts and charge-offs. We will go…
ByGustan Cho, NMLS 873293
Posted on
This guide is a shortcut guide to the HUD 4000.1 FHA Handbook, Revised for FHA Loans. The HUD 4000.1 FHA…
ByGustan Cho, NMLS 873293
Posted on
Do I Have to Pay Collection Accounts for FHA Loan Approval? A frequently asked question by people who have had…
ByGustan Cho, NMLS 873293
Posted on
Mortgage approval for home purchase on acreage is possible with FHA, VA, USDA, conventional, and Non-QM loan programs. There is…
ByAlex Carlucci, NMLS: 229891
Posted on
A VA credit dispute does not automatically disqualify a borrower from getting a VA loan. VA does not have a…
ByGustan Cho, NMLS 873293
Posted on
We will discuss qualifying for FHA loans in Utah with a FICO score under 620, including those with outstanding collections…
ByGustan Cho, NMLS 873293
Posted on
Your mortgage lender checks your credit when you apply for a home loan. Your credit score determines your mortgage rate and also if you qualify for a loan.
ByGustan Cho, NMLS 873293
Posted on
Fannie Mae guidelines on timeshare foreclosure do not require borrowers to complete the standard foreclosure waiting period that applies to…
ByMike Gracz, NMLS: 1160212
Posted on
Fannie Mae Rental Income Guidelines: 2026 Rules for Investment Properties and Multi-Unit Homes Fannie Mae rental income guidelines determine when…
ByJohn Strange, NMLS: 230932
Posted on
Unsourced Funds in Mortgage Underwriting: 2026 Large Deposit and Bank Statement Rules A large deposit in your bank account does…
ByGustan Cho, NMLS 873293
Posted on
What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.
ByGustan Cho, NMLS 873293
Posted on
How Bankruptcy Affects Mortgage Approval: FHA, VA, USDA, Conventional, Non-QM Guidelines Bankruptcy does not prevent potential homeowners from qualifying for…
ByGustan Cho, NMLS 873293
Posted on
Mortgage underwriters qualify borrowers by verifying the income, employment, credit, debts, assets, and property information used in the mortgage application….
ByGustan Cho, NMLS 873293
Posted on
This guide covers FHA DTI guidelines on manual underwrites. The key distinction between manual and automated underwriting system guidelines lies…
ByGustan Cho, NMLS 873293
Posted on
This guide covers solutions for when things go wrong during the mortgage process. The mortgage process can be very stressful….
ByAlex Carlucci, NMLS: 229891
Posted on
High-balance mortgage loans help qualified borrowers finance more expensive homes, but FHA, VA, and conforming programs define “high balance” differently….
ByGustan Cho, NMLS 873293
Posted on
Yes, it may be possible to buy and sell a house while in Chapter 13 bankruptcy without waiting for discharge….
CALL NOW 