USDA Underwriting Guidelines
When trying to obtain a USDA home loan an underwriter has many guidelines that they look at when qualifying a borrower. On top of having a middle credit score of
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Month: December 2014
What Is A Trade Line On A Mortgage And How They Affect Credit Scores
What Is a Trade Line? A trade line is like a snapshot of your financial history found in your credit report. It includes all the accounts you have, such as
Mortgage Loan Denied – What To Do?
Common Reasons for Loan Denials in Underwriting Understanding common reasons for mortgage denials is crucial. There are six main factors contribute to loan denials:+. High Debt-to-Income (DTI) Ratio Lenders assess
How to Get A Mortgage Preapproval
What Is A Mortgage Preapproval? A mortgage preapproval is a process where a lender evaluates your financial situation to determine how much you are eligible to borrow for a home
USDA Loan Preapproval and Prequalification Process
USDA loans are backed by the United States Department of Agriculture and are aimed at people wishing to buy a property in a rural area. People working from home or
USDA Bankruptcy Waiting Period – Loan After Chapters 7 and 13
Understanding the Path Forward Filing for bankruptcy doesn’t mean you can’t obtain a home. Chapters 7 and 13 are legal arrangements that help people overcome financial difficulties and bounce back.