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
FHA to Deny Mortgage Backing for Credit Disputes Above $1,000 Beginning April 1, potential borrowers with ongoing credit disputes totaling more than $1,000 will not be able to get a mortgage insured by the Federal Housing Administration. The rule marks … Continue reading
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
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Plowing through Life in the Country...One Calf Nut at a Time
Mortgage Info By Michelle Wickett 