Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever. Almost half of all borrowers had a score of 749 or less.

Debt-to-income ratio 444

Debt-to-income ratio VA loan FHA loan Loan Officer 444

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 435

Debt-to-income ratio Mortgages VA loan Loans 435

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

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

Realty Biz

JULY 23, 2023

Overcoming challenges in the mortgage process requires addressing higher interest rates, documenting income, and navigating common hurdles. Recent changes and technological advancements are shaping the lending landscape. These factors include the length of self-employment, consistency of income, and documentation of tax returns.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. Many first-time home buyers have low credit scores and need help with high debt-to-income ratios. Consider your monthly income, expenses, and debt-to-income ratio when setting a budget for your new home.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Marco Santarelli

JULY 20, 2024

Employment stability : Job security often plays a role in the decision to purchase a home.

Debt-to-income ratio 52

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

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. These may include proof of income, bank statements, employment verification, credit history, and debt information.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59