Verification Of Rent Guidelines on Manual Underwrites

Verification Of Rent Guidelines on Manual Underwrites

ByGustan Cho
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In this article, we will be covering the verification of rent guidelines on manual underwrites. FHA and VA loans are the only two mortgage loan programs that allow manual underwriting. Generally, one of the mandatory requirements on all manual underwriting is rental rent is required. Gustan Cho Associates can waive the rental verification requirement on…

Fannie Mae Making Rent Count Towards Mortgage Approval
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Fannie Mae Making Rent Count Towards Mortgage Approval

ByGustan Cho
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Apply Now The news of Fannie Mae making rent count towards mortgage automated underwriting system approve/eligible findings is huge news. What this means is if a borrower gets a refer/eligible per automated underwriting system findings (AUS), having rental verification could mean the refer/eligible can turn to an approve/eligible per automated underwriting system findings. The automated…