by Brian Bush | Mar 3, 2016 | Qualifying, Residential Lending
Mortgage lenders establish minimum credit scores as part of their program guidelines. If an applicant has a credit score lower than what is required, that will usually mean the loan request will be denied, regardless of how strong the rest of the application is. Click...
by Brian Bush | Dec 2, 2014 | Alternative Loan Programs, Qualifying, Residential Lending
All government, conventional and jumbo loan program guidelines require that the borrower have the ability to repay the loan. Income qualification is one of the five main home loan qualifying factors. Click to see today's rates Underwriters, who work for lenders as...
by Brian Bush | Sep 16, 2014 | Residential Lending
Finally, there are once again very competitive loan programs allowing cash out on rental properties. Our standard 30 yr. fixed program now permits a cash-out loan on up to 80% of the property's value. As you probably know, most cash out loan programs on rental or...
by Brian Bush | Sep 16, 2014 | Residential Lending
We are often asked by our customers if Fannie Mae and Freddie Mac loans are available for rental properties. These two Agencies do allow rental properties to be financed under their basic 30 and 15 year fixed rate programs. In fact, these are some of the best loan...
by admin | Jul 15, 2014 | Residential Lending
Source: The California Association of Realtors