1) USDA has increased their income limits recently. If you would like to see if your family income is under the USDA threshold for your area you can either contact my office and we’ll run it for you.
…or, you can run it yourself here.
2) Loan Tip: Many people are unaware of this, but NSF charges on your bank statement can derail your loan.
NSF charges are a potential deal killer for the underwriter.
If you have insufficient funds charges in your bank statement it signals to the underwriter that you are having a hard time managing your money.
One possible solution is to ask your lender (hopefully me!) to replace your statements with a verification of deposit.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
Did you know we have a mortgage program that doesn’t require any income documentation when…
Did you know even if you have “challenged” credit you can still get a low…
If you receive money from the State or a County sponsored organization for providing foster…
I wanted to address the two most common questions that I get regarding reverse mortgages……
If you purchased a home using your own cash, and now would like to pull…
I wanted to let you know we have a 2% to 5% downpayment and closing…