Can I get a FHA loan if I don't have 2 years of income? There is no requirement for a minimum or maximum income for an FHA loan. When can you qualify for the FHA again? After release, you must wait three years before you can qualify for another … [Continue reading] about How do I know if I qualify for FHA loan?
Is the VA collecting debts? All debt collection by the VA has been suspended since April 6, 2020, as a result of an executive order from that then President Donald Trump. President Joe Biden extended that suspension until September 30, 2021. ... … [Continue reading] about Do you pay back VA?
What is needed to qualify for a VA loan? You can be eligible for a VA loan by meeting one or more of these requirements: You have served 90 consecutive days of active service during the war, OR.You have served 181 days of active service during … [Continue reading] about What is required for a VA loan?
Dear Sirs: I am writing to request the cancellation of the Private Mortgage Insurance (PMI) policy that accompanies my mortgage. As you know, Federal law allows PMI to be canceled when certain LTV ratios are met by normal mortgage amortization, or … [Continue reading] about How long is mortgage insurance required for FHA?
What would cause an underwriter to deny a VA loan? Application Errors Application errors are the main cause of VA loan rejection. That is why before sending the documents, you need to double check them to ensure their accuracy. Underwriters are … [Continue reading] about Can you be denied for a VA loan?