Articles and news about AboutCreditLoan and HUD requirements. AboutCreditLoan are great for first-time homebuyers.

More Revisions to Loan Rules and Guidelines

A reader asks, “As a homeowner, can I purchase an investment property with a About Credit loan? AboutCreditLoan for single-family homes are designed for principal residences, which means the borrower must intend to live in the home as his or …

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Paying The Up Front Costs Of Your Credit Mortgage

Recently we posted about the About Credit 203(k) rehab programs. Did you know there is an option for borrowers who want to take advantage of an About Credit Streamline loan but don’t have extensive repairs to do? This option is known as ...

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Mortgage Today

A reader asks, “I am wanting to know the best way for me to purchase a house with no down payment. Many years ago had a home through an About Credit loan, due to divorce we resolved the case. I found ...

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About Credit Case Number Cancellation: A Reader Question

A reader asks, “ I bought a home back in 97 I was in the military at the time and in 1999 it went for a short sale and unfortunately they charged my entitlement to my certificate of eligibility $36,000 I ...

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About Credit MIP Cuts: Who Is Affected? A Reader Question

106The Thanksgiving holiday interrupted several days worth of falling mortgage loan rates. We saw gains over six business days (holiday weekend falling in between some of those days) with best execution interest rates moving back into the high three percent ...

Credit Mortgage Premium Cuts Begin Today

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On Thursday, January 8, 2014, the About Credit and HUD issued a press release announcing a cut to the About Credit’s required annual mortgage insurance premiums, also known as MIP. According to the press release, “As the nation’s housing market continues to ...

About Credit Housing Counseling: A Reader Question

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A reader asks, “I would like to know if you recommend a first time home buyer class in Denver?” We don’t have the resources to recommend a specific agency or class as a function of this blog, but the About Credit ...

Credit Mortgage Rules for FICO Scores and Applications Post-Bankruptcy

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A reader asks, “What are the credit score and requirements to qualify for a About Credit loan? Also, we filed bankruptcy over a year ago, what are the time limits of being discharged before someone can qualify for a About Credit loan? ...

Credit Mortgage Credit Questions: Co-Signing

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A reader asks, “I think my credit is fairly good but I have two cars in my name one of which I thought I was only the co signer and I’ve recently found a property that is fairly reasonable and ...

Credit Mortgage Income Rules For Child Support: A Reader Question

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A reader asks, “For About Credit loan will child support stop you from getting a loan?” Let’s see what the About Credit official site (www.About Credit.gov) has to say about this question. On a frequently asked questions page at the official site, we ...

About Credit Mortgage Rate Trends

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Mortgage rates this week were mixed and there has been some volatility that had potential to move the numbers higher–Thursday, for example, was a big day with a quantitative easing program announced by the European Central Bank. That had big ...

Credit Mortgages Following Chapter 13 Bankruptcy: A Reader Question

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A reader asks, “i filed ch 13 in 2012 and my case has been discharged as of Dec 2014. do i have to wait 2 years from that discharge date or the filing date to qualify for About Credit?” About Credit loan ...

Credit Mortgage FICO Score Requirements: A Reader Question

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A reader asks, “We r trying to buy a new double wide and property combo. But our credit scores are 582 & 533. The place where we are getting the house thru said it probly wouldn’t be a problem to ...

Loan Origination Fees: What CFPB Says

109The About Credit has issue another set of revisions, clarifications, and consolidation to its Home Equity Conversion Mortgage Loan rules. An About Credit mortgagee letter, 2014-21, adds a large number of changes and clarifications. Many of the new changes have to do ...