Apply Now VA loan after foreclosure waiting period requirements is the same for deed-in-lieu of foreclosure and short-sale. Foreclosure, deed-lieu of foreclosure, and short sale all have the same waiting period requirements to qualify for VA loans. Veterans who have lost their homes due to a prior foreclosure can qualify for a VA loan after…
This article will cover non-conforming mortgage loans and bank statement mortgages for self-employed borrowers. There are no income tax returns required on bank statement mortgages. Dale Elenteny of Gustan Cho Associates explains non-conforming mortgage loans: Any mortgage loans do not conform to Fannie Mae and Freddie Mac mortgage lending guidelines are called non-conforming loans. Jumbo…
Apply Now In this guide, we will cover bank statements in the mortgage process. We will discuss how mortgage underwriters analyze bank statements of mortgage loan applicants. The underwriter will thoroughly scrutinize bank statements during the mortgage process. Lenders want two months’ worth of bank statements. Any irregular deposits outside payroll check deposits must be…
Apply Now n this article, we will discuss qualifying for a home loan after bankruptcy and foreclosure. The great news for home buyers is that they can now qualify for a home loan after bankruptcy and foreclosure with no waiting period requirements with our new NON-QM Loans. There are waiting period requirements in qualifying for…
This Article Is About Monitoring Credit Report To Qualify For A Mortgage It’s up to you and it is your responsibility to have control of your financial future. The credit bureaus do make errors A lot of errors Remember that credit repair companies can do more damage than good Credit disputes are not allowed during…
In this article, we will cover the importance of curb appeal when selling your home. We will also discuss how the importance of curb appeal when selling your home during the coronavirus pandemic economic downturn market. The coronavirus pandemic economic crisis has plummeted the U.S. economy. Never in the history of the United States has…
Apply Now In this article, we will cover FHA multi-family-unit self-sufficiency test. Are you looking to be a homeowner and build a long-term investment strategy simultaneously? Getting a multifamily unit property is the most recommended method to achieve this. When it comes to financing, there are many ways to finance the purchase. One of the…
Get a Fast Quote: Click Here In this article, we will cover fixing your credit to qualify for home loan to get pre-approved. Credit and income are the two most important factors in qualifying for a home loan. Homebuyers can have the best credit and credit scores, but with no documented income, they will not…
Apply Now This blog will cover how to get pre-approved for a mortgage and close on time. For homebuyers, whether first-time home buyers or seasoned buyers, or homeowners thinking of refinancing, the first and most important step is to see whether or not they qualify for a mortgage. Factors how to get pre-approved for a…
This Article Is About Non-QM loans for Self-Employed Mortgage Borrower Guidelines. Non-QM loans for self-employed mortgage loans are now available. Self-employed borrowers had a difficult time qualifying for home loans. This is due to the write-offs they can utilize as self-employed borrowers. Lenders go by adjusted gross income after all unreimbursed expense deductions. This…
In this blog, we will cover why mortgage underwriters ask for letter of explanations. Letter of explanations is part of the mortgage process. Anyone who has been through the mortgage process will have experienced multiple requests for letter of explanations during the mortgage process. Letter of explanations do not have to be lengthy. It just…
This blog will discuss VA loan with high DTI mortgage guidelines for 2023. You can qualify for a VA loan with bad credit with a lender with no lender overlays. VA loans are the best home mortgage program in the nation. Lenders can offer 100% financing with no down payment required at lower mortgage rates…
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