2 Numbers Decide How Far FHA Can Gross Up Nontaxable Income
Two numbers decide how far nontaxable income can be grossed up on an FHA loan. Learn the guideline, Nicole's story, and the exact question to ask your lender.
Blog
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From Job Change Worry to a Clear Plan: Claire's FHA Employment Story
Claire changed jobs and thought FHA was off the table. Here is what the two-year employment rule requires and the one question to ask your lender.
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Your Lender Does Not Use One Income Number for a USDA Loan
USDA does not use one income number. Learn the three definitions, Annual, Adjusted and Repayment Income, and the question to ask your lender.
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VantageScore 4.0 and Conventional Refinances: The One Question to Ask
VantageScore 4.0 is allowed on conventional refinances too, rate-term and cash-out. Here is the one question past clients should ask their lender.
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Leah's Two Homes: What Counts as the Primary Residence on a VA Loan?
Can you buy a second home with a VA loan and split the year between two houses? Learn how the VA decides which home counts as your primary residence.
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What Does It Really Cost to Own a Home Each Month?
Before you decide a house is too expensive, add up all five costs: loan, taxes, insurance, HOA and maintenance. Here is how to test your budget.
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If You Are Buying With FHA and Your Debt Ratios Run High, Read This
FHA buyer with high debt ratios? See how residual income may be a compensating factor in manual underwriting under FHA Section II.A.5.c.ix.
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Your VA Loan Is Not Pass or Fail on a Checklist: Kevin's Story
Told the guidelines say no? The VA says underwriters are expected to use good judgment and flexibility. See Kevin's story and the question to ask.
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HomeReady Is Not About Your Paycheck: Why the Census Tract Sets the Limit
HomeReady is not about your paycheck alone. Learn how the census tract and every borrower's income decide eligibility, and the exact request to make.
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3 Things USDA's Collection Account Rule Comes Down To
USDA Exhibit 4-4, Paragraph 4.14.C explained: why paying a collection account is not automatic proof of credit, and the question to ask before you pay.
