Changes to FHA Guidelines
Updated Oct. 24, 2014
FHA has announced few recent changes in the underwriting guidelines to qualify for a FHA loan and some changes with the FHA PMI (mortgage insurance).. Starting April 2010, FHA will require borrowers with credit scores less than 580 to put 10% down to qualify for a FHA loan. This change will not have a major effect, as...

How Will Your Income and Employment Be Evaluated When You Apply for FHA Financing
Updated Oct. 9, 2013
Two years of employment verified. FHA likes to see two years of stable employment. There are many exceptions however for gaps in employment. For example, if you are just graduating from college or professional training, you do not need two years of employment as long as you can document that you were in school...

10 Reasons Why VA Financing Is the Best Home Loan Available
Updated Oct. 9, 2013
For active military members and veterans that are eligible VA financing is the best home loan available. If you have VA eligibility and you are looking to buy or refinance your home, it is worth getting pre-approved for VA financing today.. Here are some highlights of the VA Loan: No down payment! 100% financing!...

Who Is Eligible For a VA Loan?
Updated Oct. 9, 2013
Virtually all active military and veterans are eligible for a 100% VA financing. However, I have listed below additional details on who is and who is not eligible for 100% VA financing.. Veterans are eligible if served for 90 days during war time or 180 continuous days during peace time Current active duty...

How Will Your Income and Employment Be Evaluated When You Apply for FHA Financing?
Updated Oct. 9, 2013
How Will Your Income and Employment Be Evaluated When You Apply for FHA Financing? . Two years of employment verified . FHA likes to see two years of stable employment. There are many exceptions however for gaps in employment. For example, if you are just graduating from college or professional training, you do not...

Anyone Can Apply For an FHA Loan
Updated Oct. 9, 2013
Anyone Can Apply For an FHA Loan . There are many misconceptions about FHA loans. Many people think FHA loans are only for first time homebuyers....this is not true. You do not have to be a first time homebuyer to obtain an FHA loan. In fact, you can own multiple other properties and get an FHA loan. However, you can only have...

IRS Wants us to Think Green Refunds!
Updated Oct. 9, 2013
IRS Wants us to Think Green Refunds The Internal Revenue Service is reminding homeowners to keep taxes in mind...it could save them alot of money.. Under the new American Recovery and Reinvestment Act (ARRA), making green changes between now and the end of the year can not only lower energy bills, it can save some real...

Using "Rapid Rescore" to Improve Bad Credit When You Apply for a FHA Loan
Updated Oct. 24, 2014
Using "Rapid Rescore" to Improve Bad Credit When You Apply for a FHA Loan. Many people throughout their lives acquire bumps and bruises on their credit. If you apply for a FHA Loan and are having difficulties because of you credit score, there is a way to improve your score incredibly quickly with something called a...