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...
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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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Conventional Loan Property Condition Killed Victor's Deal
Conventional loan property condition requirements do not require a property to be perfect before you close. Fannie Mae Selling Guide B4-1.3-06 includes a...
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Child Support Income Conventional Loan: What Lenders Hide
A child support income conventional loan is explicitly permitted under Fannie Mae Selling Guide Section B3-3.1-09, and a lender who tells you that income...
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Conventional Loan After Bankruptcy: What Lenders Hide
The conventional loan after bankruptcy waiting period is four years from your discharge date for a Chapter 7, not seven years, not ten years, and not...
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FHA Loan After Foreclosure: Your CNA Income Qualifies
An FHA loan after foreclosure does not disqualify you just because a lender said no, and the proof is sitting in black and white inside HUD Handbook...
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Maximum LTV Ratio Conventional Loan: Why Kenneth Got Denied
The maximum LTV ratio conventional loan guideline from Fannie Mae allows 97 percent LTV on a one-unit primary residence purchase, meaning you may only...
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VA Loan Job Changes: What the Guideline Actually Says
VA loan job changes do not disqualify you from buying a home, and the proof is sitting in VA Pamphlet 26-7, Chapter 4, Section 1, available to any lender...