Reserves vs. credit scores for jumbo mortgage

A question for the experts out there: when applying for a jumbo mortgage, does having lots of reserves compensate for a mediocre credit score? My credit score is in the 760s, but my fiancee's score is ...

95% conventional loan with mid FICO 674

Loan question: Refinance existing property or get a loan on subject prop...

Hi,I own my residence outright and am interested in buying a second home. Would it be better to refinance my primary residence and use the money to purchase the second home. ( is this easier to obtain?...

Hi I am looking to purchase my first 5+ unit property - the price would ...

Reverse Mortgage or Refi?

Hello, I am developing my retirement plan (too bad it is still years away), and I thought I would ask people's opinion on reverse mortgages vs refinancing and pulling out cash. Surprisingly, I haven't...

I am a FHA borrower (1st time homebuyer), but lost my job.What are my op...

I am a 1st time homebuyer. A year ago a bought a house through a FHA loan. Four months ago, I lost my job (still unemployed). What are my options (returning the house to the lender, selling the house, e...

first time home buyer, is a broker easier than dealing with a lender?

i have a good credit score, like over 650. but i'm really new to the whole home and real estate thing. why is a broker better than just talking to a lender? what will they do for me?

588 FICO, which FHA??

Hello all.. with my current credit situation, i can only be approved for an FHA loan, however i am able to provide 20% down on the property i wish to purchase. obviously, id like to go conventional to a...

Bank has offered without solicitation to modify my homeloan which is no...

Will a gap in employment affect a loan application?

I am thankfully back to work this year after being out of work for a year (2009). During the year I was out of work, I still made 50% of my compensation due to commissions that were paid out that year....

Have a high DTI, but am looking to purchase a second home while renting ...

My middle credit score is 644, while my husband's middle score is 674. Our loan for the home we currently live in is an FHA loan, so we could not get another FHA loan for the new house that we currentl...

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I have property with a rental on it. I need a loan to buy a trailer for ...

commercial loan complications, any advice?

im interested in a property that is getting multiple offers. The listing agent told me that they would prefer a cash offer. If I purchased this property using all cash, could i then take a loan agains...

shopping for 625k loan with good credit (660 FICO), what should I know?

does anyone have any recommendations/experiences about shopping a FHA loan for roughly $625,000? I have already received a prequalification through my bank but didn't know how competitive the rates are...