One of the most rewarding Veteran Affairs benefits in which members receive is that in most cases, qualified homebuyers are not required to put money… Read More »VA Manual Underwrites – Have You Recently Been Denied for a VA Loan?
VA loans involve a veteran’s benefit. VA encourages lenders to make VA loans to “qualified” veterans. By definition a “qualified” veteran is one that has… Read More »VA Loans – What Is Needed To Be “Approved”
Seller contributions or sales concessions can be a great help for prospective home buyers looking to purchase a new home. However there are limits based… Read More »Seller Paid Closing Cost Limits for FHA, VA, Conventional & USDA Loans
Collections are credit accounts that have not been paid over a period of time. FHA defines collection accounts as “a Borrower’s loan or debt that has been submitted… Read More »How Do Collection Accounts Affect A Mortgage Application?
In the context of establishing a borrower’s DTI or debt to income ratio, departure income is defined as income derived from leasing out your current… Read More »Departure Income FHA, VA, Fannie, and Freddie