FHA LOAN GUIDELINES CLARIFIED

FHA LOAN GUIDELINES CLARIFIED

Effective March 18, 2019, the Federal Housing Administration (FHA) announced that it began taking initial steps to better mitigate the increased risks in recent single-family loans. This announcement comes as a result of the decrease in average borrower credit scores … Continue reading

EVER WONDERED HOW LONG YOU MUST WAIT TO OBTAIN A NEW MORTGAGE?

The waiting period for “significant derogatory credit events” varies by both loan type and extenuating circumstances. The following is a quick synopsis by loan type of the impact of derogatory credit on your ability to obtain a new mortgage. CONVENTIONAL FINANCING … Continue reading