Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Trustee approval is required.

Bankruptcy 122

Bankruptcy Debt-to-income ratio VA loan FHA loan 122

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 99

Finance Debt-to-income ratio FHA loan Mortgages 99

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. Most lenders set their own requirements, so even with a bad credit score, there are various lenders who will fund your mortgage.

Loans 98

Loans VA loan FHA loan Hard money loan 98

C4D Crew

MARCH 8, 2021

Those with a credit score between 500 and 579 will still qualify for an FHA loan but must come up with 10% of the purchase price as a down payment. All borrowers regardless of credit score must have less than a 43% debt-to-income ratio. The FHA requires that borrowers purchase and maintain mortgage insurance.

Loans 52

Loans FHA loan VA loan Debt-to-income ratio 52

HomeLight

JUNE 30, 2022

You will want to know where you stand so you can get ahead of any potential issues and create a plan for improvement before applying for a mortgage. For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Line up financing.

Purchase and sale agreement 86

Purchase and sale agreement Inspection Earnest money deposit Closing costs 86