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Hello Everyone,

While you are reviewing your clients credit reports, there are some automatic violations that you need to look for. These violations will get escalated to an attorney, that will represent your client at zero out of pocket cost.

Bankruptcy:

Any creditor that was included in a bankruptcy that is still reporting a balance, post bankruptcy, is an automatic violation – Send them over.

Mixed Files

Any client that has multiple social security numbers on their credit report, names, addresses, etc (especially Jr’s, Sr’s, I, II, III, IIII, etc) Please send them over as their credit report could be mixed with another individual – Send them over

Payment Plans

Any client currently on a payment plan, making their monthly payments and the creditors are not updating the balance, This is an automatic violation – Send them over

Settlement Agreements

Any client that makes a settlement agreement and has written proof of the settlement agreement and the balance isn’t reduced to the agreed upon balance on the credit report, this is an automatic violation – Send them Over

Identity Theft

Any client with identity theft – send them over

I will need the following information:

Credit Report

Client Name

Client Phone Number

Email Address

Please forward to: ali@ficodiva.com

Start Hunting!!

America is home of the free where the people decide their representatives through el6ctions. Elected officials work for the people. It is the people who pay elected officials to make sure our tax dollars are spent frugally and wisely. Majority of Americans believe our tax dollars are being robbed by greedy government officials who seem to forget that taxpayers are the their bosses and the tax dollars is not their piggy bank to be wasted. Americans need to stop paying taxes and get a complete overhaul of the tax structure and audit where their tax dollars are being siphoned off to.

https://youtu.be/E5kBa4B_19A?si=byMDL2TY61A6qH0q

Barndominiums are becoming more popular. Can you finance one with an FHA loan?

James Strebel of REO Foreclosure Services is nationally known for his cleanup and renovation after the home forecloses. James Strebel’s clients are banks and financial institutions that take over the property due to breach of the terms of the mortgage loan agreement. This includes residential and commercial properties. @James

Is anyone doing some rehabbing and want to share?

Many homebuyers who cannot get an approval from the automated underwriting system (AUS) but eligible for a manual underwriting should absolutely explore a TBD Underwriting Pre-Approval. A TBD Underwriting Pre-Approval is when the borrower’s mortgage loan application goes through all the steps of the mortgage process but without a property. The borrower’s file will go through processing, underwriting, and get a conditional approval. Part of the condition loan approval will be the property. The loan officer will suggest to purchase a property. The borrower will get a home under contract and the lender will restart the final stage of the mortgage process which is underwrite the house. An appraisal will get ordered and the underwriter will underwrite the property. Once the underwriter finishes clearing the appraisal, a clear to close will be issued. With a CTC the mortgage processor will coordinate the closing with the title company. Here’s a guide about TBD UNDERWRITING PRE-APPROVAL PROCESS

@JenZ @Ali @wendy

https://gustancho.com/fully-underwritten-tbd-mortgage-approval/

gustancho.com

Fully Underwritten TBD Mortgage Approval As Pre-Approvals

Fully Underwritten TBD Mortgage Approval are full approvals for borrower on manual underwrites and tougher mortgages without the property

Is there a one-time construction mortgage loan on two-to-four unit mult-family new construction. If so, what are the requirements on qualifying for a one-time construction loan on two-to-four unit multi-family primary homes.

Have you closed a loan on clients that have 4 charge off’s or more? Start getting them ready to refinance their home now! Here’s the criteria:

1. Must have 4 charge off’s or more

2. Must Live in California

3. Post BK Charge Off’s Count as well

Send them over and let us start working on their credit now so when the rates decide to take a turn for the better, your client will be ready to refinance!

This is a special program that is only available to California residents.

Let’s Do This Cali!

What are non-warrantable condominiums and what is the difference between warrantable and non-warrantable condos.

Home prices starting tricking lower and there seems to be housing inventory. Bidding wars on homes throughout the country seem to have diminished. There are no longer 10 offers for a home listing. Homes are no longer selling 10 to 50% over list price. The market overkill seems to have stabilized. So what’s next? Are home prices going to tank? Did homebuyers pay too much for their homes? Are interest rates going to tumble? Let’s watch the coming housing market forecast coming up this week

How do you know if my website appears on Google Search

https://smallbusiness.withgoogle.com/free-google-training/how-to-appear-on-google-search/

smallbusiness.withgoogle.com

Check If Your Site Appears on Google - Google for Small Business

If you want to check if your site appears in Google Search results, discover what Google Search Console is and how to use the tool to request indexing.

The Wellness Company (TWCHEALTH.COM) offers 30 critical life saving medications for round two of our plandemic. Be prepared.

Visit the Wellness Company which also known as The Wellness Company Health. Big Pharma does not want you to get a hold of lifesaving medications. Check out their website the the 30 critical life saving medications big pharma and the globalists does not want you and your loved one get access to. Here is the link:

https://www.twc.health/

twc.health

The Wellness Company

Own Your Health

Is it possible to get a mortgage loan on 50 acres on my primary home in Wisconsin? Preferably FHA loan but I think I qualify for a conventional loan too.

Is one race better than another? Does being Asian make you smarter than being of Latino descent? Are Arabs more violent than Jews? Do people of dark skin race have lower IQ? John Stossel interviews Charles Murray and you will be surprised on what he had to say

https://youtu.be/5vBLFchXCGY?si=fRNOKktJQktCNAoZ

Hello Everybody on GCA!

I wanted to create a discussion regarding all Questions & Concerns regarding all NON-QM products.

I am Sales Account Executive & I will be going through Generics & specifics on guidelines & also details to pay attention to with your loan process as Broker, Client, AE & Agent.

Will be also posting FAQ’s as well.

Please feel free to reply with any comments 🙂

I look Forward to hearing all your thoughts!

Thank you!

Cameron Leclair

theLender-Your-Non-QM-Lender.pdf 3 MB PDF - Click to view

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I realize that late payments is the kiss of death and it is one of the biggest negative factors I can have to qualify and get approved for a mortgage. Can you please advise me on how I can qualify for a mortgage with late payments in the past 12 months? My lease is coming up and I really want to buy a house.

Can you please explain what condotel units are or condo hotel condominimiums. What is the difference between condotels and regular condominum units.

If my wife has been not working for ten years and was a stay at home mom and housewife and just got a full time job in education, a high school teacher, how long does she need to be employed at her new full time job for a mortgage lender to be able to use her full time income as qualified income for a home loan.

What are Fannie Mae Chapter 13 Bankruptcy dismissal guidelines on conventional loans.

Why is it that homebuyers and homeowners have a hard time financing homes that is build on ten or more acres. What is it with acreage that lenders do not like?

What adds the value to increase on a home appraisal or what do I need to do to get the highest appraisal and value for my home?

If I am thinking of selling my home, should I replace my roof so it adds value of my home for a higher sales price?

Lately I am watching a lot of videos about Sovereign Citizens. These so called Sovereign Citizens claim they do not need drivers license and the United States is bankrupt. Can you please explain what Sovereign Citizens are and who are Sovereign Citizens are

Gustan Cho Associates offers EPM EMPOWERED DPA PROGRAM for first time homebuyers with a forgivable down payment assistance mortgage program. Please contact Gustan Cho of NEXA Mortgage LLC dba Gustan Cho Associates. We are licensed in 48 states including Washington DC, Puerto Rico 🇵🇷 and the Virgin Islands 🇻🇮. https://gustancho.com/down-payment-assistance-mortgage/

gustancho.com

EPM Empowered Down Payment Assistance Mortgage Program

There are recoverable and non-recoverable Down Payment Assistance Mortgage for Homebuyers is offered at Gustan Cho Associates

Can Lenders Allow Tie Downs on Manufactured Homes on FHA loans?

IL Rates

Single Family Homes: $1,700.00-$2,000.00

Condo: $600.00-$800.00

Rental properties: $2,400.00 -$3,000.00

MI Rates

Single Family Homes: $1,400.00-$1,800.00

Condo: $536.00-$750.00

Rental properties: $1,353.00 -$1,600.00

IN Rates

Single Family Homes: $1,400.00-$1,700.00

Condo: $630.00-$900.00

Rental properties: $1,300.00-$1,536.00

WI Rates

Single Family Homes: $1,305.00

Condo: $458.00-$650.00

Rental properties: $1,064.00-$1,404.00

OH Rates

Single Family Homes: $1,300.00-$1,600.00

Condo: $559.00 -$750.00

Rental properties: $1,573.00 -$1,800.00

TX Rates

Single Family Homes: $2,810.00

Condo: $800.00- $1,020.00

Rental properties: $2,000.00-$2,440.00

GA Rates

Single Family Homes: $1,500.00-$1,827.00

Condo: $854.00- $931.00

Rental properties: $1,830-$1,975.00

AZ Rates

Single Family Homes: $1,132.00-$1,336.00

Condo: $669.00-$734.00

Rental properties: $1,210.00-$1,352.00

I often leave my 30 pound French Bulldog unattended in my fenced back yard. Will my dog be in danger from coyotes if my dog is Secured in a fenced in yard.

I have recently seen Hawks perched on tree branches. I have 5 toy breed dogs weighing less than ten pounds. Can Hawks scoop up dogs between three to ten pounds?

Chase continuing to practice how to sit

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Manufactured Homes and Modular Homes are becoming very popular. What are the requirements for manufactured homes and modular homes to be eligible for FHA loans?