What are average loan closing times today?
normally need at least 30 days, now I can do 3 weeks since banks have much less loans now,Jenni Rowe

Does a month gap in income affect mortgage qualification?
Nope,as long as you have 30 days pay stubs, you are good to go.Jenni

How accurate is a mortgage preapproval
Proapproval and prequal letter are good only when loan officers checked income, credit history, assets, otherwise, these letters are useless since a lot of people do not want to give SSN away when they are NOT sure which loan officers to choose yet, and cost money and time to check everything, If I am...

Can I do a Va loan for a home zoned rural residence agicutlural?
You can do a VA loan on a residential property zoned agriculture however you need to make sure of 2 things:1) That it is not a working farm, orchard, etc......that will kill the deal.2) You have to find like comps relatively close by.Please let me know if you have any other questions.Jenni

How soon after buying the home can it be used as an investment property?
Most lenders require 1 year!

Is it possible to put more than 3.5% on an FHA loan??
Sure, why not? I am not sure what you said 11 points to qualify for a conventional loan, if that you meant credit scores, which I can fix most of credit scores within 5 to 7 business days for free ( you pay cost I have to pay), A young lady with 635 middle scores, I did 725 within 5 days, and she closed last...

What kind of 5/1 rates are available? I have a loan at 450K.
It depending on your down payment and credit scores.Best rate is about 3.5%, it has higher standard debts to income ratio than 7/1 ARM, if you do not qualify for 5/1 ARM, you may qualify for 7/1 arm, RATE is about 3.75% no points.Thanks,Jenni