Mortgage Loan Qualification Programs
Why is it so difficult for higher income individuals to get a mortgage loan, who only lack the traditional 20% down payment??? My wife are I are building a home on land that we have owned for two...
View ArticleHaving $200K credit with 29 accounts - good or bad for Mortgage loans?
Hello All, I am little confused. Read somewhere that having more credit($200k Plus) on credit card impacts the Mortgage loan process? Here are my detailsCredit cards/Auto Loan - 29 accounts ( All good...
View ArticleCredit Pull after conditional Approval comes back question..
SO my wife and i are buying a new build home and have been told that they will not be pulling our credit again unless the completion date is after 10-10 since we are within the timeframe where our...
View Articlehelp... car payment habitual late
okay, here we thought we were doing good by getting everything in a row for a fha or va loan... then i started researching more and find out you cant have lates within a year... sigh, so now we may not...
View ArticleShould we wait to apply for a mortgage?
Ok here are the details. My husband and I have been working on our credit for about 2 months. His mortgage Fico mortgage fico scores are 602-657-649 mine are 551-563-555 (I have some late student loan...
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Is this legal?
So I am trying to buy a home and my lender tells me I don't have enough credit and need to build my credit score up. He states that I can "pay" to be added as an authorized user to someone's account...
View ArticleUsda preapproval
So I got a preapproval for a USDA loan (yay!! Finally). And I've found a house that I really. Really want. I think the lady is going to sell it to me for the appraised price ( she had it appraised in...
View ArticleA week before closing and the deal is in danger
FICO scores are 760-777, house appraises at $160K, looking to borrow $100K. Zero debt, Ratios are 18%+/- 2%. A wewek before closing and the underwriter (the third person at this lender to go over this...
View ArticleIs This Possible? Student Loan, IBR and Mortgage
Posted this in the student loans forum as well since it applies to both.The more I read about these the more questions I have and niches I'm trying to exploit. Here's my question.I'm currently eligible...
View ArticleUSDA 30 day late
Does anyone have any experience with the USDA guarenteed home loan? This was our preferred loan but the lender I am working with said everything was good with my credit except that I have one 30 day...
View ArticleMANUAL UW - I need to write explanations! HELP!
My VA LOAN is supposed to close on Sep 1.Our loan has is now being manually underwritten because our credit score is not high enough (590) they were trying to help us get it to 600 for an automatice...
View ArticleConv Refi (and assumption) no Inherited Home
In 2014 I inherited a small home from my father. The home had 8 years left on a 10 year mortgage @4% with escrows from Chase. I paid the mortgage for 3 years and Chase would hold the payment in an...
View ArticleContinuing to rent vs. low down payment mortgage
Hello! Looking for advice. (Theoretically, I could calculate the answer to my question...but so many factors are involved that I am not sure it would even be accurate. I think other's personal...
View ArticleFha question
Ok so I have no clue who to talk to about this but im trying for fha through a lender who i just submitted all my docs and he sent them to the underwriter.. my girlfriend has a forclosure on her credit...
View ArticleClosed & Funded!
I closed on 8/21, got keys on the 21st due to using builder's preferred lender. Funded/recorded on the 22nd. I'm officially a homeowner! I went FHA. 3.75% - not bad.
View ArticleFHA down payment question
So the max fha loan for my area is 279k which we found a new build for 280k. They wanted $5k earnest deposit which we paid. However our overages for carpet/tile total close to $5k alone. Does the...
View ArticleUW Question
Just wondering if anyone hows how long it takes to know how long it takes to hear back on an approval with Desktop UW.
View ArticleRecent checking overdraft and mortgage - any issues?
I just accepted a transfer for work and we will be relocating and purchasing another house within the next two-three months. However, I just accientially overdrafted our primary checking account for...
View ArticleOpen Disputes
I'm in the FHA loan process right now. My question is I have an open dispute on my credit report on a closed account with a zero balance. Would a loan officer/automated underwriter care about this. Is...
View ArticleDo all occupants need to be on mortgage?
My mother, husband and I will be purchasing a home. My husbands credit is awful. My question is, can just my mother and I "Buy" the house? Or does my husband have to apply as well?
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