HUD Chapter 13 Bankruptcy Guidelines on FHA Loans
In this guide, we will cover HUD Chapter 13 bankruptcy guidelines on FHA loans. Homebuyers and homeowners are eligible to qualify and get approved for…
Category: Manual Underwriting
TBD Pre-Approval Mortgage Guidelines
This blog will discuss TBD pre-approval mortgage guidelines for marginal credit homebuyers and homeowners. There are times when there are gray areas in agency mortgage…
Manual Underwriting on FHA and VA Loans
This guide will cover manual underwriting on FHA and VA loans. HUD and the Department of Veterans Affairs are the only mortgage agencies allowing manual…
VA Loans With Low Credit Scores
This guide covers VA loans with low credit scores. There are two types of VA agency guidelines: Agency VA Guidelines Lender Overlays Not all VA…
What is the Role of Mortgage Underwriters
This guide covers the role of the mortgage underwriter and how an underwriter views and processes a borrower’s mortgage loan application. Mortgage underwriters evaluate loan…
HUD Guidelines on Bad Credit and Credit Scores on FHA Loans
This guide covers HUD Guidelines on bad credit and low credit scores on FHA loans. We will discuss HUD Guidelines on bad credit and how…
How To Avoid Mortgage Loan Denial By Underwriters
In this blog, we will cover and discuss how to avoid mortgage loan denial by mortgage underwriters. Homebuyers depend on and rely on a mortgage…
When Do Mortgage Lenders Require Verification of Rent
This guide covers when lenders require verification of rent during the mortgage process. Verification of rent is one of the most important factors required for…
Manual Underwriting Guidelines on VA Loans
In this blog, we will discuss and cover VA manual underwriting guidelines on VA loans. We at GCA Forums Mortgage Group specialize in manual underwriting…
Loan Estimate Replaces The Good Faith Estimate
This guide covers how the loan estimate replaces the good faith estimate. Loan Estimate Replaces The Good Faith Estimate effective October 3, 2015. The main…
How to Avoid Delays in Mortgage Closings
This guide covers the reasons for delays in mortgage closings. The pre-approval letter is the most important part of the mortgage application and approval process.…
How Does The Mortgage Underwriting Process Work
This guide covers how the mortgage underwriting process works. The mortgage processor will prepare a borrowers file and get it ready for the mortgage underwriter…