August 2017

Found 3 blog entries for August 2017.

FHA Flipping Rules for Buyers and Investors

FHA Flipping Rules Explained

There are two main categories of real estate investors.  The first is a long term hold strategy.  Secondly, there is flip which is a short term sell for profit strategy.  A property flip is when investors purchase a home, renovate it, and then sell it for a profit.  Both investments are wealth building strategies using real estate as the catalyst.  But when it comes to mortgages, lenders have restrictions and rules for property flips.  These rules can potentially restrict a seller’s ability to sell quickly.  These restrictions are called FHA flipping rules.

So, property flips sound like a great thing and you would be correct.  But, the purpose of this article is to

590 Views, 0 Comments

Mortgage Denied Because of Employment History? We Have Solutions


Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending.  Basically, these are the main areas lenders review to qualify a borrower.  But these 4 categories are broken down into many subsets.  This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of employment history.  While reviewing capacity, lenders will review a borrower’s income, employment history, assets, and debts to determine qualification.  Employment history plays an important role when it comes to areas such as:

  • Commission Income
  • Overtime Income
  • Bonus Income
  • New Job
  • Second Job
  • Pastoral Income
  • Self Employed Income
507 Views, 0 Comments

VA Loan Includes Condo Approval, Raised Credit Score, High Debt Ratio, Paying Off Debts


Individually, these areas mentioned in the title are great advantages of VA home loans.  But what if all of them happened on the same purchase?  Well, they did and we closed it!  So, we bring understanding VA home loans to another level.  Check out some of the things we were able to accomplish for a Veteran’s purchase.

VA Home Loans Success Story!

Going the extra mile to help a Veteran is something we do all the time.  Yet we don’t take an aimless approach to this.  Rather, we work hard to stay on top of the intricacies within guidelines to help Veterans get into a home.  Recently we were tested with a scenario that had several layers of challenges on a

355 Views, 0 Comments