FHA Mortgages

Is it hard to get an FHA loan?

Both reasons relate to the strict guidelines set because FHA loans are government-insured loans. ... The other main reason that sellers dislike FHA loans is that the guidance requires appraisers to look for some defaults that could cause…
FHA Mortgages

FHA Mortgages

What do FHA underwriters look for approval? Common checkpoints and documents Credit score and (possibly) credit reports of the borrower. Debt ratio, or DTI. Bank statements showing verified assets. Receipts and other work documents…
VA Mortgages

Why do sellers hate VA loans?

During the inspection, they will check if there are any defects or problems that could cause the system to fail shortly after the sale is over. If they find that the system is unable to heat the house at least 50 degrees Fahrenheit during…
VA Mortgages

Are VA loans bad?

The bottom line: Yes, you can buy two houses with a VA loan. As such, buying a home with a VA loan to turn it into a second home or investment property is allowed, but you can remodel the property after living there. You can also earn…
VA Mortgages

VA Mortgages

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Who pays the escrow fee on a VA loan? Disqualification Fees Usually between $ 300 and $ 900. The cost of approval. Some lenders get exempt from VA loans, but many will sell it to the consumer. The other fee is from the name company…