Homebuying

A sample letter of explanation (LOE or LOX) for credit inquiries that the mortgage lender may request.

Sample Letter of Explanation For Credit Inquiries for a Mortgage [Template]

Your lender asked for a letter of explanation regarding an inquiry on your credit report. Not to fear. This is normal. The lender needs to know you haven’t opened any additional credit accounts which could affect your debt-to-income ratio. Here are templates to help you address credit inquiries.  Run your scenario by a lender. Credit

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A sample letter of explanation for a relationship for a mortgage loan.

Sample Letter of Explanation of Relationship For A Mortgage – Word, PDF, Google Sheets Template

Your mortgage lender just asked for a letter of explanation of a relationship. Why? Don’t be alarmed. Usually, this happens when the lender needs to confirm that funds are coming from an approved source. These templates will help you write an explanation letter (LOE or LOX) for the underwriter. Get help from a lender. Letter

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How to buy a house after bankruptcy - timing, process, and waiting periods

Buying A House After Bankruptcy 2024: FHA, Conventional, VA, USDA, Non-QM

Buying a house after bankruptcy is completely possible if you’ve re-established your credit since the event. In some cases, you can apply for a mortgage in as little as one year after the discharge or repayment start date.  Here’s how to become a homeowner again.  Speak to a lender to see if you’re eligible to

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Buying a House After Foreclosure 2024 – FHA, Conventional, VA, USDA, Non-QM

You might think that if you’ve had a foreclosure in the past, you are no longer eligible to buy another home. That’s simply untrue. Mortgage lenders can approve a loan after a foreclosure, deed-in-lieu, or short sale, given enough time since the event and rehabilitated credit. Here’s how to buy a house after foreclosure. Contact

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Afford More Home With Solar Panels FHA EEH Stretch Ratio Policy

Solar Can Help You Afford More Home in 2024: FHA EEH Policy

When people think of home affordability, they consider getting the best purchase price, lower mortgage rates, or home buyer assistance. All those can go a long way toward affording a larger home and mortgage, but what about solar? Yes, a solar panel system can help you qualify for more house. Here’s how. Contact a lender

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FHA student loan rules updated

FHA Student Loan Guidelines 2024: Afford $25,000 More Home

FHA student loan rules 2024: FHA now uses 0.50% of the loan balance for income-based or deferred student loans where the payment is $0. This replaces the old rule of 1.0%. These guidelines could help you qualify for a $25,000 higher home price based on the current student loan balance average. See if enhanced student

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FHA Loans for Non US Citizens

How To Get An FHA Loan As A Non-U.S Citizen

You might be surprised that FHA, a U.S. government-sponsored mortgage, is available to non-U.S. citizens. What’s more, non-citizens are eligible for the same FHA rates and terms as citizens. Homebuyers immigrating from other countries often find this hard to believe, but it’s true. Permanent and non-permanent residents are eligible. Here’s how to get an FHA

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