Help me figure out what this means

I'm getting refer/eligible for a file I've been working on. "This case has been referred because the risk exceeds the risk threshold for automated approval for an FHA loan. An FHA registered DE underwr...

DTI problems

Hi, are there any mortgages that allows a higher DTI with a good credit score than an FHA loan? I'm having difficulty getting above 160k because of my DTI. Are hard money loans a good alternative if eve...

Questions on my VA loan

I was offered to buy points to lower interest rates on my VA loan. I have a loan currently but getting divorced soon so I need to get out of this loan and give it back so he can use it. I have a great r...

Are my escrow payments too high?

Is it common for escrow payments to double since March of 2021? From $741 I am now paying $1,500. Increases are normal but isn't this too much? I asked my lender and they said that it might be due to pr...

How long should loan processing take?

Hi everyone, my lender is stressing me out! Home inspection, VA appraisal and termite letters are all finished and we were looking forward to an early close because both buyer and seller agreed. Lender ...

Who was the owner in this case?

I found a property I want to buy and all seems good. The lenders surveyor went to the property and came back and said the won't lend as the owners has owned it only for 2 to 3 months. When I talked wit...

If my equity $280,000 how much line of credit?

Question on refinance

I own a home and got re-married in 2021. Title is in my name. If I were to refinance now and keep it in my name only, would my current wife have to sign something agreeing to it? I'm not familiar with t...

Will late payment affect our loan application?

Hi, I am freaking out at the moment because I saw a late payment on my credit report. It was a water bill payment and looks like my husband paid a month late. We are applying for a mortgage next month ...

Trying to save for renovations

This is my second time to get a loan but I don't qualify for an FHA. What loan product can give a 3 to 4% down payment? I also want to lower closing costs and would love to hear from anyone on how I can...

Any recommendations for a good online mortgage company?

Hi, moving to South Carolina from North Dakota by mid January. Can anyone recommend a good online mortgage company? I don't have the best credit ad I want to get pre-approval before I go house hunting. ...

Will there be an issue with my conventional loan application?

I have a single family home under contract. It's in zone RM 16 in Tampa. The house has two electric meters one for the main home and one for the back of the home. Will this be a problem for my conventio...

My wife wants to assume the loan for me

I am going through a divorce and my wife wants to assume the loan from me. My divorce lawyer doesn't know much about mortgages and says that the loan is not assumeable. Will she be able to assume the lo...

Will lender consider my plan as DTI?

I purchased a single family home in 2021 and is my primary home. I plan to have it rented and buy another primary home. If ever I close a deal with a tenant will my underwriter consider the rental incom...

Va loan is in my name, wife was on title..Can she be added to the loan?