Have a buyer with money… but no qualifying income right now? I hear these situations ALL the time: They’re between jobs. They just opened a business or became a consultant after years of being W-2 employed. They’re recently separated or divorced, and their support payments haven’t started yet. They have income, but it can’t be documented […]

I thought it would be fun to put together an Augusta Financial Fantasy Football Challenge and see how many people in the industry we can get involved! FREE Fantasy Football – Weekly Prizes, Year-End Prizes & Bragging Rights! There is no cost to enter. Augusta Financial is sponsoring the leagues, and we’ll have weekly prizes, end-of-year prizes, […]

One of the biggest misconceptions in mortgage lending is that a homebuyer needs a traditional credit score to buy a home. With FHA financing, that isn’t necessarily true. In fact, this is one reason manual underwriting can be so valuable. Most mortgages today are evaluated through an Automated Underwriting System, or AUS. But sometimes the […]

Yesterday, a wonderful agent I’ve worked with for many years called me, frustrated about a client. The buyers are currently living in a home that is about 1,400 square feet, and they want to move up to a home around $1.5 million. Income is not the issue, as the buyers make approximately $450,000 per year. The […]

I see this all the time. A buyer finds the house they want, and now they need money for the down payment. Maybe they have some money saved, but they also have a good amount sitting in their 401(k). Then comes the question, “Should I take money out of my 401(k) to buy the house?” […]