Interested in discovering the kinds of questions our community has posed to our experts? Below, we feature a “Question of the Week” chosen from inquiries submitted by real users like you. Our panel of experts includes leading underwriting heads, seasoned agency professionals, and innovative product development specialists from among the nation’s premier mortgage companies.
Featured Question of the Week
Fannie Mae vs. Freddie Mac
Fannie Mae vs. Freddie Mac
Fannie Mae – Calculating Reserves When a Borrower Owns Multiple Properties
Fannie Mae – Calculating Reserves When a Borrower Owns Multiple Properties
FHA – Refinancing an Inherited Property With a Reverse Mortgage
FHA – Refinancing an Inherited Property With a Reverse Mortgage
Fannie Mae vs. Freddie Mac – Manufactured Home With an ADU
Fannie Mae vs. Freddie Mac – Manufactured Home With an ADU
Fannie Mae & Freddie Mac – Maximum Allowable Cash Back on a Refinance
Fannie Mae & Freddie Mac – Maximum Allowable Cash Back on a Refinance
Fannie Mae & Freddie Mac – Homeowner’s Insurance Coverage
Fannie Mae & Freddie Mac – Homeowner’s Insurance Coverage
FHA – Pay Switches From All Salary to Salary Plus Commission
FHA – Pay Switches From All Salary to Salary Plus Commission
Fannie Mae – DTI Calculation on a Jointly Owned Property
Fannie Mae – DTI Calculation on a Jointly Owned Property
FHA Maximum LTV – Identity of Interest Transaction – No Lease With Landlord
FHA Maximum LTV – Identity of Interest Transaction – No Lease With Landlord
Fannie Mae – No Credit Score for Borrower With Non-Occupant Borrower
Fannie Mae – No Credit Score for Borrower With Non-Occupant Borrower
VA – Student Loan in Collection
VA – Student Loan in Collection
Fannie Mae – Lease Requirement for a Retained Departure
Fannie Mae – Lease Requirement for a Retained Departure
VA & FHA – Solar Liens & Refinances
VA & FHA – Solar Liens & Refinances
Fannie & Freddie – Calculating Income from Sporadic 401(k) Distributions
Fannie & Freddie – Calculating Income from Sporadic 401(k) Distributions
VA – Surviving Spouse Eligibility
VA – Surviving Spouse Eligibility
Clearing Up FHA’s 100 Mile Rule!
Clearing Up FHA’s 100 Mile Rule!
Fannie Mae – Builder Allowances In the Contract
Fannie Mae – Builder Allowances In the Contract
Freddie Mac – Fluctuating vs. Non-Fluctuating Hourly Worker
Freddie Mac – Fluctuating vs. Non-Fluctuating Hourly Worker
Fannie Mae & Freddie Mac – Employment Switching From Self-Employed to W2
Fannie Mae & Freddie Mac – Employment Switching From Self-Employed to W2
FHA Job Gap & History of Employment
FHA Job Gap & History of Employment
Transferring a VA Appraisal
Transferring a VA Appraisal
FHA – Child Support Payment & Paystub Requirement
FHA – Child Support Payment & Paystub Requirement
VA Cash-Out Seasoning Requirement
VA Cash-Out Seasoning Requirement
Fannie Mae & Freddie Mac – Multiple Second Home Properties
Fannie Mae & Freddie Mac – Multiple Second Home Properties
FHA – IRS Payment vs. IRS Lien – Number of Months of Payments Required
FHA – IRS Payment vs. IRS Lien – Number of Months of Payments Required
Fannie Mae & Freddie Mac – Expected/Future Income Options
Fannie Mae & Freddie Mac – Expected/Future Income Options
FHA – Secondary Financing From a Private Individual
FHA – Secondary Financing From a Private Individual
FHA – Borrower Pays Cash for Rent – Manual Underwriting
FHA – Borrower Pays Cash for Rent – Manual Underwriting
Income Required to be Included for HomeReady® & Home Possible®
Income Required to be Included for HomeReady® & Home Possible®
FHA – 2nd FHA Loan – Requirement for Equity vs. LTV?
FHA – 2nd FHA Loan – Requirement for Equity vs. LTV?
Fannie Mae & Freddie Mac – Using Stipend Income
Fannie Mae & Freddie Mac – Using Stipend Income
Fannie Mae – Using a Fund Raising Platform for Down Payment & Closing Costs
Fannie Mae – Using a Fund Raising Platform for Down Payment & Closing Costs
Fannie Mae & Freddie Mac – Calculating DTI When Spouse is On Deed Not Note
Fannie Mae & Freddie Mac – Calculating DTI When Spouse is On Deed Not Note
Fannie Mae vs. Freddie Mac – Cash-Back Limit Allowed on No-Cash Out/Limited Cash Out
Fannie Mae vs. Freddie Mac – Cash-Back Limit Allowed on No-Cash Out/Limited Cash Out
Fannie Mae – Borrower on Title, Not on Note
Fannie Mae – Borrower on Title, Not on Note
Fannie Mae & Freddie Mac – Using a Tax Credit for Minimum Required Investment
Fannie Mae & Freddie Mac – Using a Tax Credit for Minimum Required Investment
Fannie Mae & Freddie Mac – Gifts from Employers
Fannie Mae & Freddie Mac – Gifts from Employers
Fannie Mae & Freddie Mac – Refinancing to Pay Off a HELOC
Fannie Mae & Freddie Mac – Refinancing to Pay Off a HELOC
Financing a Log Cabin or Other Unique Property
Financing a Log Cabin or Other Unique Property
Refinancing a Loan with Temporary Buydown Funds in Escrow
Refinancing a Loan with Temporary Buydown Funds in Escrow
FHA Refinances Simple vs. Streamline
FHA Refinances Simple vs. Streamline
Rental Income on a Departing Residence When a Property is Owned Free & Clear
Rental Income on a Departing Residence When a Property is Owned Free & Clear
FHA Bonus & Overtime Income
FHA Bonus & Overtime Income
VA Cash-Out Seasoning Requirement
VA Cash-Out Seasoning Requirement
Expired Green Card
Expired Green Card
Special Assessments – Should They Be Included in the DTI – Fannie Mae vs. Freddie Mac
Special Assessments – Should They Be Included in the DTI – Fannie Mae vs. Freddie Mac
FHA Job Gap – Back to Work History
FHA Job Gap – Back to Work History
FHA Tax Liens & Tax Installments
FHA Tax Liens & Tax Installments
Fannie Mae & Freddie Mac – Adult Child – Condo for College
Fannie Mae & Freddie Mac – Adult Child – Condo for College
FHA – International Work History Requirements
FHA – International Work History Requirements
Self-Employed Borrower & LPA One-Year Approval
Self-Employed Borrower & LPA One-Year Approval
FHA – Non-Occupant Co-Borrowers – Loan, Title & Contract Requirements
FHA – Non-Occupant Co-Borrowers – Loan, Title & Contract Requirements
USDA – GUS Approval and Tradeline Requirements
USDA – GUS Approval and Tradeline Requirements
Fannie Mae & Freddie Mac – Handling a K-1 Section 179 Expense
Fannie Mae & Freddie Mac – Handling a K-1 Section 179 Expense
FHA – Calculating Income When Borrower is On Temporary Leave
FHA – Calculating Income When Borrower is On Temporary Leave
FHA – Defining a “30 Day Late Payment”
FHA – Defining a “30 Day Late Payment”
Fannie Mae – Rental Income – New Investment Property Purchase
Fannie Mae – Rental Income – New Investment Property Purchase
Fannie Mae & Freddie Mac – 20% Liquidation Rule
Fannie Mae & Freddie Mac – 20% Liquidation Rule
FHA – Spot Condo Approval – New Construction
FHA – Spot Condo Approval – New Construction
Freddie Mac – Self-Employed Borrower – LPA Requirements
Freddie Mac – Self-Employed Borrower – LPA Requirements
FHA – Union Jobs – Employment History
FHA – Union Jobs – Employment History
Fannie Mae – Reserve Requirements for Note Holder vs. Title Holder
Fannie Mae – Reserve Requirements for Note Holder vs. Title Holder
Buyer Paying the Real Estate Agent’s Commission
Buyer Paying the Real Estate Agent’s Commission
Employment History Requirement for a Discharged Veteran
