LOOKING TO BUY A NEW HOME BUT YOUR NEW JOB HASN’T STARTED YET?

Yes, it’s possible, however, lenders are looking for stable income when you apply for a mortgage so there are some key points to be aware of if you are in the midst of a job change at the same time … Continue reading

POT TALK: LENDABLE INCOME OR NOT

For a very long time, although people could legally work in the pot industry in states where pot had been legalized, those working in the pot industry have not been able to use their income to qualify for a mortgage. … Continue reading

2020 CHANGES IN VA LENDING

As we roll into the new year 2020, VA is rolling out some significant changes that impact Veteran’s with full entitlement. VA is eliminating the loan amount cap that is currently in place and tied to conforming loan limits No … Continue reading

DO YOU EARN EXTRA INCOME?

Identifying what is and is not acceptable income when a Borrower has more than one job whether part time or seasonable can get sticky!  On more than one occasion, I’ve had calls from clients I had done a pre-approval on … Continue reading

VA LOAN NUANCES

The VA loan program seems to come with a number of misconceptions that I’ll try to clear up below. Q: Are my GI Bill benefits used as qualifying income? A: No. VA does not see VA educational allowances as a permanent source … Continue reading

VA LENDING GUIDELINES CLARIFIED

Historically, the VA has provided very little guidance in several areas of lending. That practice is changing with the following clearly defined guidelines becoming effective May 23, 2019. Gift funds are acceptable from a donor who has NO affiliation with … Continue reading