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.┬áThe 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