Federal Housing Administration (FHA) loans are government-assisted mortgages that were established to help lower-income borrowers obtain a mortgage who otherwise may not qualify. If you’re… Read More »FHA 3 to 4 Unit Financing with only 3.5 Down – How to Buy 3.50% 3 to 4 Unit Properties
The straight answer is “yes” but how long will you have to wait to get an FHA loan after these derogatory events? Well… Read More »Can You Get an FHA Loan After a Bankruptcy or Foreclosure?
Unfortunately, bad things happen to good people and I can speak first hand of the consequences, stress, emotions and financial difficulties that arise from a… Read More »Divorce, Real Estate and You! What you need to know.
Seller contributions or sales concessions can be a great help for prospective home buyers looking to purchase a new home. However there are limits based… Read More »Seller Paid Closing Cost Limits for FHA, VA, Conventional & USDA Loans
Collections are credit accounts that have not been paid over a period of time. FHA defines collection accounts as “a Borrower’s loan or debt that has been submitted… Read More »How Do Collection Accounts Affect A Mortgage Application?
In the context of establishing a borrower’s DTI or debt to income ratio, departure income is defined as income derived from leasing out your current… Read More »Departure Income FHA, VA, Fannie, and Freddie