FHA Loans With Low Credit Scores
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FHA Loans With Low Credit Scores Mortgage Guidelines

ByAlex Carlcucci
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Apply Now This blog will cover qualifying for FHA loans with low credit scores and bad credit mortgage guidelines. FHA loans are this country’s most popular loan program and enable hard-working Americans eligible to be homeowners. The minimum down payment required is 3.5%. Home sellers can contribute up to 6% of homebuyers’ closing costs. A…

FHA Facts From Fiction
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FHA Facts From Fiction on FHA Loans

ByGustan Cho
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This guide covers FHA facts from fiction on FHA loans.  Many homebuyers often get confused when shopping for a mortgage. What are the FHA facts versus BS? Sharp consumers normally shop with vendors before deciding which company to buy goods and services from. FHA loans are popular for homebuyers, especially those with lower credit scores…

Mortgage Rates on FHA vs Conventional Loans
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Mortgage Rates on FHA vs Conventional Loans

ByMargarett Jurilla
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This guide covers mortgage rates on FHA vs conventional loan rates. Mortgage rates on FHA vs conventional loans have been steady for the past year. Mortgage rates on FHA vs conventional loans have been historically low. This is due to HUD, the Federal Housing Administration (FHA) parent, guaranteeing FHA loans. In general, mortgage rates on…

FHA Versus NON-QM Loans
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FHA Versus NON-QM Loans

ByAlex Carlcucci
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This guide covers qualifying for FHA versus non-QM loans. In the following paragraphs, we will cover qualifying and getting approved for FHA versus NON-QM loans.  The first batch of closings on FHA back-to-work extenuating circumstances loans was launched in the first week of December 2014. HUD’s FHA Back to Work extenuating circumstance due to an…

Mortgage During Chapter 13 Bankruptcy
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Mortgage During Chapter 13 Bankruptcy Guidelines

ByAnngelli Abenes
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Apply Now This blog will fully explain how to qualify for a mortgage during  Chapter 13 Bankruptcy. We will review a detailed list of qualifying for a mortgage during Chapter 13 Bankruptcy. After reading this guide a few times and watching a few videos, you will understand the basics of qualifying for a mortgage during …

Financing Owner-Occupant Homes
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Financing Owner-Occupant Homes Versus Non-Owner Properties

ByAnngelli Abenes
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This guide covers owner-occupant homes versus non-owner properties. Financing owner-occupied homes offers the best interest rate, the lowest down payment requirement, a higher debt-to-income ratio, and the best mortgage terms out of all mortgage loan programs. Mortgage lenders view owner-occupied home financing loans as less risky than second-home and investment home mortgages. The reason is…

On Title But Not On Note
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On Title But Not on Note Mortgage Guidelines

ByGustan Cho
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This guide covers qualifying for a mortgage after foreclosure for borrowers on title but not on note. Home buyers with a prior foreclosure who were on the title but not on note of a home currently being foreclosed on can qualify for a new mortgage loan. The waiting period requirement does not apply. Therefore, if…

Buying a Fixer-Upper Home

Everything You Need To Know About Buying a Fixer-Upper Home

ByGustan Cho
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This article covers everything you need to know about buying a fixer-upper home. Homebuyers can purchase owner-occupant primary fixer-upper renovation loans with FHA, VA, USDA, and conventional loans. Many homebuyers looking to buy, rehab, or renovate their homes may find the FHA 203(k) loans a great program. FHA 203k loans are for owner-occupant homes only….

W2-Income-Only Mortgages
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W2-Income-Only Mortgages

ByGustan Cho
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This guide covers qualifying for W2-Income-Only Mortgages. Borrowers who are W-2 wage earners and mortgage underwriters will go off the most recent paycheck stubs reflected on the past 30 days and from the employer’s employment verification. Two years of W2s are required, but there is a lot of leniency with W-2 wage earners. The following…

Buying a New Construction Home
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Steps To Buying a New Construction Home

ByGustan Cho
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This guide covers a real-life case scenario of buying a new construction home. The guide was written by one of our borrowers who was questioning buying a new or existing construction home. We will take one homebuyer’s experience in buying a new construction home and the homebuying and mortgage process. Buying a new construction home…

2-To-4 Unit Multi-Family Mortgage Guidelines
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2-To-4 Unit Multi-Family Mortgage Guidelines

ByGustan Cho
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Apply Now This guide covers the breaking news on the downpayment requirement on 2-to-4 Unit Multi-Family mortgage loans and the eligibility requirements to purchase a two-to-four-unit multi-family home. Fannie Mae lowers the down payment requirement on a two-to-four-unit multi-family primary home to a 5% down payment from the previous 15% to 25% down payment requirements,…

IDHA Down Payment Assistance Mortgage
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IDHA Down Payment Assistance Mortgage Program

ByDale Elenteny
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This guide covers the IDHA down payment assistance mortgage program for first-time homebuyers. In today’s rising economy, many Americans need down payment assistance to buy their dream home. Many hard-working. Americans make good incomes and can easily afford a mortgage payment on an average $200,000 Illinois home purchase. However, many do not have the down…