How Much of a House Payment Will I Qualify For?

Many loan programs may allow you to qualify for home financing with a higher debt ratio that what is calculated from this sheet. Other factors such as credit, down payment, reserves (money in the bank) and other factors may also affect how much of a mortgage you will...

Documents That Are Needed for Mortgage Financing

* Pay stubs – most current 30 days. It’s possible that we may ask for updated pay stubs before closing. * Checking & savings statements – most current 2 months. I need all the pages even if they are blank. If your statement says page 1 of 7, I...

What Can I Do With Bad Credit and How Do I Fix It?

The answer to that question is; it depends. What is on your credit? How long ago? What is your credit score? I’ll answer those questions but first let’s look at how long certain events will prevent you from buying a home: Chapter 7 Bankruptcy: You can buy...

What is a USDA Rural Housing Loan?

What is a USDA Rural Housing Loan? USDA Home Loans provide No Money Down financing for a home purchase or Home refinance. USDA rural housing loans are guaranteed by the USDA. There are many qualifying factors for a USDA home loan, things such as income limits and loan...