Low Down Pmt Alternative to FHA

When you think of a low down payment home loan chances are an FHA home loan is atop your list.   After FHA mortgage insurance costs climbed over the past decade home-buyers sought refuge!  Thankfully, the market responded with low down payment alternatives to an Arizona FHA home loan. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 3% Down Conventional Home Loan Arizona buyers seeking low down payment home loans are no longer cornered into an FHA mortgage.  Qualified home-buyers … [Read more...]

Tax Return Filing for Home Loan Approval

Have you filed your Federal Income taxes yet?  The date an Arizona mortgage applicant files their taxes can be the difference between loan approval and loan denial. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Using Your Higher Tax Return Income For self-employed or commissioned loan applicants enjoying higher income than in recent years, filing your tax return(s) may make all the difference.  In order for your recent higher income to count with your mortgage lender … [Read more...]

Arizona VA Loan – Changing Denial to Approval

Often, VA buyers have trouble with loan approval on an Arizona VA mortgage.  Seasoned loan officers use creative problem solving to turn loan denials into loan approvals.  What to do and how to do it is key.  VA home loan rules are unique.  A few of these rules often trip up certain lenders during pre-approval. Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149 Approving Tough VA Mortgage Loans Before giving up on a VA loan, a loan officer needs to explore 3 key areas. 1. … [Read more...]

What Do Mortgage Underwriters Do?

Mortgage Underwriters have a very specific and important job.  The mortgage process is made up of several processes all of which ultimately lead to an underwriter approving or declining the loan.   Too often, we hear stories from clients coming to us that involve an underwriter spoiling (or at least complicating) their home loan experience.  While getting a "surprise" decision from an underwriter is typically due to a loan officer not performing their due diligence on the front end, I wanted to … [Read more...]

Home Loan Middle Credit Score Matters

Credit is one of the most critical factors when getting approved for an Arizona mortgage.  Your Arizona mortgage lender will pull a special credit report known as a tri-merge as a part of your home loan pre-approval.  A tri-merge credit report is one where data/information is pulled from the three main credit bureaus versus just one (which is what many online/consumer generated credit reports do).  The three bureaus are used on a tri-merge report are: 1. Equifax 2. TransUnion 3. … [Read more...]