Frequently Asked Questions

A lender will close and fund the loan directly but they only have the products and rates that they offer, which can be limited.... When lenders compete buyers gain the advantage!

Each lender is different and that is one of our advantages as a broker We are not tied down to a specific lender requirement because we can shop a loan to different lenders who are willing to accept lower scores. We can go as low as 500!

A DSCR (Debt-Service-Coverage-Ratio) program is an investment loan for a non-owner occupied, income producing property. ........ If you are looking to get an investment property and cannot qualify based on your W2 or self employed income, then this is a good way to go for your investment properties.

A FICO score is a credit score that is calculated based on a person's credit report. It is used by lenders to determine the creditworthiness of an individual. The FICO score ranges from 300 to 850, with a higher score indicating a lower credit risk.

DTI stands for Debt-to-Income ratio and is a key factor that lenders consider when evaluating a borrower's ability to repay a home loan. DTI compares a borrower's total monthly debt payments to their gross monthly income.

Student loans are commonly deferred while one is still in college or with a hardship. You can still get a loan, although the lender will calculate the total amount of the student loans time .5 % towards your monthly debt

FHA (Federal Housing Administration) loans do not require repairs to be made by the seller or borrower in order to be approved for the loan. However, FHA appraisers may identify certain repairs or improvements that are necessary for the property to meet minimum property standards.