FAQ – How Will a Government Shut-down Delay My Mortgage Loan Application?

There’s been a lot of rhetoric coming from both sides of the congressional aisles these days; from Democratic and Republican parties and even a few in between. But  recently the media has begun reporting government shutdown fallacies as facts. I’ve stayed out of this very heated political discussion for obvious reasons, but when a client recently sent…

Underwriting Tip – VA Loans Unmarried Applicants

Question: My partner and I are not married and only one of us is an eligible veteran while the other is not.  Can both our income be considered for the loan application? Answer: YES, as long as one of you have a VA entitlement and both of you meet your lenders credit criteria, your marital…

Underwriting Tip – Bankruptcy Waiting Periods – VA

Veterans Loans The fact that a bankruptcy exists in an applicant’s (or spouse’s) credit history does not in itself disqualify the loan.  Develop complete information on the facts and circumstances of the bankruptcy.  Consider the reasons for the bankruptcy and the type of bankruptcy filing. Bankruptcy Filed Under the Straight Liquidation and Discharge Provisions of the Bankruptcy Law…