Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago. In this article, we alleviate these concerns.
What Credit Score Do You Need for a Mortgage?
Don’t let assumptions about whether your credit score is strong enough put a premature end to your homeownership goals.
What FICO® Score Do You Need to Qualify for a Mortgage?
The good news for potential buyers is that you don’t need a score that high to qualify for a mortgage.
Credit Re-Establishment Periods for Mortgages
Required Credit Re-Establishment Periods for Mortgages after derogatory credit: Short Sales (Deed in Lieu of Foreclosure) Loan Type Waiting Period Conventional (Fannie Mae, Freddie Mac) 4 years FHA 3 Yrs from Sale Exception: No Wait – If No Lates Prior to Short Sale & no lates on installment debts for prior 12 months VA 2 years from sale if borrower … Read More
Documentation Required to Get a Mortgage
When applying at any lender, here’s a list of the Documentation Required to Get a Mortgage by most underwriters.
