When buying a home, one of the most confusing aspects of the process is understanding closing costs. Agents often throw around different numbers, leaving buyers to wonder, “How much do I really need?”   Here’s the truth: closing costs aren’t a single, fixed number. They’re made up of hard costs, prepaid Interest, taxes, insurance and […]

New Investor Program – No Departing Residence Requirement   We are excited to announce a new investor program that changes the way we qualify borrowers for Bridge Loans. Traditionally, borrowers had to qualify for both: Their departing residence and The new residence they are purchasing. Qualifying for both loans often made it difficult for clients […]

Did you know that FHA no longer requires us to use 1% of a borrower’s student loan balance when calculating debt-to-income? Instead, lenders now use the actual monthly payment that shows up on the credit report. If no payment shows, we use just 0.5% of the balance. This new guideline is a significant shift because […]

Have you ever wondered if that creaky old mansion with the flickering lights could pass a loan inspection? Enter the FHA’s “No Haunted House” rule! A quirky yet profound guideline that keeps homebuyers safe while adding a dash of drama to the process. Let’s unpack this fun rule, dive into what counts as a health […]

One of my jobs as a loan officer is giving credit advice to clients who are looking to buy a property. Some clients come with excellent credit, but it’s the clients with poor or marginal credit where a good loan officer with proper advice can be a game-changer!   We’ve seen clients with limited credit […]