Thanks for your service. You’re up against it at the moment with just 30 days to sort your home and the added stress of the custody issue.

The good news is that a 566 credit score won’t automatically bar you from getting a VA mortgage. The VA doesn’t set a minimum credit score for these loans at all. Some lenders will of course have their…

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Mortgage rates are out of control. Borrowers with decent credit are paying discount points. Most rates are over 7% plus points.

Here’s the landscape as of today, October 13, 2026. One important framing first: “par” means zero points, zero lender credits — the base note rate. Most of what’s published online isn’t par; it’s either an average APR or a rate that already includes discount points. So I’ll give you the real rates, then flag which ones are…

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What are the par mortgage rates today? Can you please give us the par rates on FHA, VA, USDA, and Conventional loans? How about mortgage rates with lower credit score borrowers?

You’re asking exactly the right question. The good news is your file stands a strong chance, and those 90-day late payments probably aren’t the real hurdle here.

Let me walk you through why that’s the case, and then I’ll tackle your specific questions one by one.

Your direct questions

1. Do we follow FHA guidelines and the automated results as they…

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Hi Gustan,

Email works best for me. I’m in Michigan, looking for a pre-approval, and I need one answer before I send any information or authorize a credit pull. My mortgage score is 592, my wife’s is 653. Up front: I have two 90-day late payments from 2025 (May and July) — one account settled and closed, the other a $420 charge-off that’s still…

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FHA Down Payment Assistance Loan With High DTI: Need Lower Mortgage Payment

A homebuyer in Indiana has had an initial FHA approval (with help for the down payment) and is now looking at various mortgage options as the estimated monthly payments are well in excess of what the borrower can afford.

Borrower and Property Details

• Purchase…

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I am a newer NMLS licensed Mortgage Loan Originator on a broker platform. What is a credit supplement and a rapid rescore and how does it work? How much does it cost and who pays for it. What benefits does a credit supplement and rapid score have?

I noticed there is a verification of employment in the mortgage process and it runs around $100 to $200 dollars. This an overkill of a fee. Who is responsible for the cost of the COE? Customer, Loan Officer, or Branch Manager/Mortgage Broker Owner?

Subject: Mortgage inquiry — no credit score, contract-for-deed refinance

Hi,

I’m looking to refinance a contract for deed into a fixed-rate first
Mortgage. I have no credit score — about 20 years with no loans or
Credit cards, so my reports come back unscoreable.

– Property: 105 Oak St NE, Brownsdale, MN 55918 (my primary home)
-…

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Case Scenario With Active-Duty Veteran Under Home Purchase Contract in Maryland Needing to Close With a VA Loan. Lately, there have been many homebuyers with late payments in the past 12 months.

The borrower called me early this morning. I want to help the borrower and submit it to Toni at Jet Mortgage. She is under contract on a $520,000…

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What Is Causing Mortgage Rates-October 2026

Mortgage rates jumped in September 2026 and are now above 7%. This Daily Edition of GCA Mortgage Forums explains why rates are rising, whether 9% rates could happen, and what homebuyers should pay attention to as 2027 approaches.

Mortgage Rates Surge Above 7%: Could 9% Mortgage Rates Be Coming in… Read more

Here is the house. The seller is not budging with fixing the front deck. There’s a sign stating donnot step on the porch. Its going to collapse.

https://www.zillow.com/homedetails/3912-Buck-Ave-Joliet-IL-60431/5341465_zpid/

That’s going to be a health and safety issue. The only ways around that are –

Get a contractor to repair the deck and get paid at closing

Decommission the deck and block off the doorway by boarding it up or even using 2x4s.

I have closed them by using 2 2×4 and negating the access to the door

Thinking about buying a house sold as-is with a bad deck? Find out when you can use conventional financing and when you might need to fix the deck before closing.

Can You Get a Conventional Loan on a House Sold As-Is With a Bad Deck?A bad deck can impact your ability to get a conventional loan, but selling a house as-is is not always… Read more

GCA Mortgage Forums Daily News for Tuesday, September 15, 2026

GCA Mortgage Forums Daily News Sept. 14-15, 2026: mortgage rates top 7%, Treasury yields hit 5%, oil surges past $109, and Fed fears rise. Mortgage rates have climbed above 7%, oil has jumped past $109, and 5% Treasury yields are affecting the housing market for September 14 and…

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Case Scenario: A house that is being sold As Is due to a really bad deck that needs to be replaced. Will we have an issue with UW and getting this conventional loan approved? Seller is not going to make any repairs.

Hi Tina,

Thank you for providing the requested information. With a middle mortgage score of about 602 and only a few late payments, you remain eligible for FHA loan consideration.

Your FHA loan application will be thoroughly reviewed and will not be declined solely due to your credit score.

A Mortgage Score of 602 Does Not Automatically… Read more

GCA Mortgage Forums Daily News: Mortgage rates top 7% as oil, inflation, and 5% Treasury yields put pressure on housing – September 14, 2026

GCA Mortgage Forums Daily News for Sept. 14, 2026: mortgage rates top 7%, oil exceeds $100, inflation stays hot, home sales fall, and markets brace for the Fed.

GCA MORTGAGE FORUMS DAILY NEWS EDITION —… Read more