Self Employed Conventional Loan After Hardship: Lenders Are Wrong
Your lender averaged two bad years and said no. A self employed conventional loan after hardship may qualify under Fannie Mae B3-5.3-08. Here is the exact guideline.
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FHA Loan With Collections: The $2,000 Rule Lenders Hide
A lender told you to pay off every collection first. An FHA loan with collections under $2,000 non-medical may not require payoff at all. Here is the real rule.
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Your Lender Is Wrong About Military Allowances VA Loan Income
Military allowances VA loan income is explicitly permitted under VA Lender's Handbook Chapter 4, Topic 2, Subsection k, and your lender is required to...
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FHA Overtime Income Rule Lenders Get Wrong
FHA overtime income qualification under HUD 4000.1 Section II.A.4.c.v requires only one year of consistent history, not two. If a lender told you your...
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FHA Loan After Chapter 7: Why Lenders Lie
Getting an FHA loan after Chapter 7 bankruptcy is possible in as little as 24 months from your discharge date, and most lenders will never tell you that...
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Your Lender Is Wrong About Social Security Number Mortgage Loans
Told your social security number mortgage loan is dead because of a non-citizen spouse? Fannie Mae B2-2-01 says otherwise. Here is the exact rule.
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Non-US Citizen Conventional Loan Refinance: Your Lender Was Wrong
A non-US citizen conventional loan refinance is fully permitted under Fannie Mae Selling Guide B2-2-02, and if a lender told you otherwise, they were not...
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FHA Student Loan Guidelines Changed: The Half Percent Rule
FHA student loan guidelines no longer use one percent of your balance as the phantom payment on deferred loans. They use half a percent. On a ninety...
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How Much House Can I Afford? What Banks Hide
If you are asking how much house can I afford, the answer is not what an online calculator told you, and it is not your maximum approval amount either...
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FHA Down Payment Gift Funds: The Myth Costing You
FHA down payment gift funds can cover your entire 3.5 percent down payment, and every dollar can come from a family member with zero requirement that you...