Will a gap in employment affect a loan application?

I am thankfully back to work this year after being out of work for a year (2009). During the year I was out of work, I still made 50% of my compensation due to commissions that were paid out that year....

Have a high DTI, but am looking to purchase a second home while renting ...

My middle credit score is 644, while my husband's middle score is 674. Our loan for the home we currently live in is an FHA loan, so we could not get another FHA loan for the new house that we currentl...

NO SSN

I have property with a rental on it. I need a loan to buy a trailer for ...

commercial loan complications, any advice?

im interested in a property that is getting multiple offers. The listing agent told me that they would prefer a cash offer. If I purchased this property using all cash, could i then take a loan agains...

shopping for 625k loan with good credit (660 FICO), what should I know?

does anyone have any recommendations/experiences about shopping a FHA loan for roughly $625,000? I have already received a prequalification through my bank but didn't know how competitive the rates are...

I have a 703 credit score. I have one negative item-collection account t...

I have a 703 credit score. I have one negative item-collection account that will be removed July 2011, but I would like to apply for an USDA guaranteed loan in June. Would they require me to make paymen...

Loan for 580 FICO score

I heard that some banks have now lowered their FHA loan qualifications to 580? I have a score of 585 and make around 54,000 a year. What is the down payment percentage for a house with this score and th...

If I let my Pre-Approval lapse, and re-apply, will it hurt my credit score?

We did a pre-approval because we were given incorrect information about the timing of our move and our income situation. If we do not find a house within the 60-day pre-approval time frame and let it la...

If I let my Pre-Approval lapse, and re-apply, will it hurt my credit score?

We did a pre-approval because we were given incorrect information about the timing of our move and our income situation. If we do not find a house within the 60-day pre-approval time frame and let it la...

Mortgage Affordability

Hi, I was hoping I could get some clarity before I approach a broker. I make about 7K net on a 9K gross per month (plus a yearly bonus of about 10-15K) and I dont have any debt. I use personal credit c...

Bank offers to lower my rates (unsolicitated)/

Yesterday the bank that holds my 30 year VA mortgage called and offered to lower my rate from 5.3 to 4.75 percent at no cost. My son took the call and told them I would call back. My question is why w...

How does a refinancing loan work on an FHA mortgage?

I have an FHA loan for $25,000......House is worth much more, especially after the repairs we did. House sold at least 3 different times between 1995 and 2006 for approximately $100,000.I am guessing it...

I have an average credit score of 695 and make 50000k a year what kind o...

My mid score is 570, I am reanting a house for $1300. a month, i am payi...

My mid score is 570, I am reanting a house for $1300. a month, i am paying all the bills water,trash, gardner just put it this everything like if i own the place, I never been on my rent.my credit go ba...