Hello, I’m interested in getting pre‑approved for a USDA loan in Illinois, and I need to confirm whether your company handles manual underwriting.

My middle credit score is around 599, and I have two late payments within the last 12 months. I have 12 months of on‑time rent payments, stable income, and no monthly debt.

I’m looking at a…

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Zillow just lost access to thousands of home listings in Chicago after a major dispute with local MLS operators and Compass. This battle could fundamentally change how Americans search for homes and raises important questions about who controls housing market data.

In this video, I break down the growing war between Zillow and Compass, why…

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The housing and mortgage markets seem bleak for homebuyers. Mortgage rates started creeping back up daily due to the soaring ten year Treasury yields which is hovering around 4.60%. The skyrocketing 10-year Treasuries on top of the IRAN-US CONFLICT, out of control inflation is pushing mortgage rates just shy of 7.0%. Real estate investors… Read more

Seattle was once one of America’s fastest growing tech cities, powered by companies like Amazon, Microsoft, and Boeing. But now the city is facing a very different reality. Office towers are sitting empty, condo prices are falling, layoffs are spreading across the tech industry, and thousands of residents are leaving the city.

In this video, we…

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Hard money loans for land and new single-family home construction offer favorable terms, though at a higher cost. The following figures illustrate typical loan parameters:

• Lot: $10,000
• Construction cost: $125,000
• Total project cost: $135,000

Hard money new-construction loans are generally short-term options for investors. Most lenders offer…

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GCA Forums News for Friday, May 28, 2026: National Mortgage, Housing, Economic, and Financial Breaking News Report

Housing and Mortgage News May 2026: Mortgage Rates, Inflation, Housing Inventory, and AI News

Mortgage rates, inflation, Fed news, housing inventory, AI, jobs, gold, silver, and real estate news for May 29, 2026.

National Breaking… Read more

What are the terms and rates on hard money loans on a new construction build a a single family home

Land and construction. Construction cost tentatively $125,000 and lot is $10,000. Also cost and fees.

Great article on Great Community Authority Forums (GCA FORUMS). PLEASE TAKE A LOOK.

https://lendingnetwork.org/gca-forums/

UWM’s Free 1-0 Lender-Paid Temporary Rate Buydown is available from May 6 to June 30, 2026, for agency purchase loans, including conventional and government options such as FHA, VA, and USDA, provided they meet UWM and agency guidelines.

UWM 1-0 Buydown: Basic Program Terms

• In the first year, UWM reduces the borrower’s interest rate by 1%,…

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What are the mortgage loan programs that UWM offers the 1.0% first year buydown to borrowers? FHA, VA, USDA, Conventional loans? What are the minimum requirements and eligibility requirements? Is the UWM 1.0% mortgage rate buy down for the first year a lender paid or borrower paid compensation program for mortgage loan originators? Does…

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UWM does the One-Time Close Construction

I will ask my wholesale rep on the minimum loan amount and investment property. I know they do a 5% down payment One-time Close Construction loans for primary homes.

From my understanding, the builder had to built a few houses and/or done major renovation projects in the past three years. You cannot be a builder who built homes 20 years ago and are just opening shop

Every lender has their own requirements of home builders.

I want to share an informative guide i use as a reference guide that has helped me to use it as a checklist. MLOs need to realize that the processor needs to be extremely careful of not submitting documents that is not required or not asked for by the underwriter. The big reason is a mortgage underwriter cannot UNSEE WHAT… Read more

We have covered the qualification and pre-approval process. To qualify and pre-approve a borrower and/or co-borrowers, they need to complete the secured online mortgage loan application.

In the application process, the online mortgage application has fields to upload certain documents that is required in order for the MLO to proceed with…

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Condominium sales nationwide are plummeting. Condi sales were skyrocketing over the years. Many first time homebuyers, seniors, and homebuyers who couldn’t afford single family homes were the ideal condo buyers. Prices of condominiums in Florida are down to 2008 prices. Deferred maintenance on condos is hurting condominium owners with the…

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If you are considering a career as a mortgage broker, you face a pivotal choice: build your own independent brokerage or join forces with a national mortgage company as a net branch. This guide is your roadmap, helping you chart your next moves with confidence.

This Guide Covers Costs, Requirements, and Case Scenarios for NMLS Company…

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Cost of Mortgage Broker Company NMLS Licensing:

In this thread, I will cover the tentative cost to get your mortgage broker NMLS company license, the cost and fees to get your individual NMLS licensing, net worth requirements, surety bond requirements, and the requirements for the Qualified Individual or Control person(s). Also covered will be…

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New York’s mortgage licensing process is strictly regulated by the Department of Financial Services (DFS) through the Nationwide Multistate Licensing System (NMLS). Introduced after the 2008 financial crisis, this system protects consumers by thoroughly evaluating all applicants.

Key Factors Contributing to the Length and Stringency of New… Read more

A surety bond is a contract between the mortgage broker or brokerage, the state regulator (the oblige), and the surety or insurance company.

This arrangement protects consumers and the state if a mortgage broker violates licensing laws, commits fraud, mishandles funds, or causes financial harm. A surety bond ensures the broker meets…

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