Before July 29th it was very difficult to get an approval with a debt to income ratio over 45%. Now, Fannie will allow up to 50% debt to income ratio.
The guidelines will ask for only one year of tax returns for self employed borrowers, instead of two years (previous guideline).
If you think either of these guidelines would help you, or you have questions about them – give me a call or shoot me an email.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
Get Pre Approved For A Loan Here.
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…
I wanted you to know about a mortgage program that doesn’t require any income documentation…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
I wanted to let you know we have a 2% to 5% downpayment and closing…
