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

Category Archives: Debt Ratios

Credit Mortgage Income Rules: A Reader Question

109

A reader asks, “Whats the least amount of income for an About Credit home loan?” This is a common question, but the real question a borrower should be asking in these cases has more to do with how much money goes ...

Credit Mortgage Debt Ratios and Student Loans: A Reader Question

014

A reader asks, “My student loans are in my name, because my parents wanted to get my credit/payment history started early, but they pay the loans…It is a blessing that they pay them every month, but if I went to ...

Credit Mortgage Reader Questions: Student Loans and the Debt-To-Income Ratio

052

A reader asks, “I am trying to purchase a property through the first time home buyer’s program. I have student loans that are in deferment for two years because that is the time I will be graduating and my school ...

Credit Mortgages and Student Loan Debt: A Reader Question

052

A reader asks, “My student loans are currently based on my income/family size. It says I have a 0.00 payment every month. It is good for a year, and my income will be staying the same amount.” “I printed all ...

Credit Mortgage Rules For Loan Approval: Previous Housing Obligations and Your Credit

075

When you fill out your About Credit loan application paperwork online or in person, it’s obvious that part of the qualification process involves having your credit scores examined and your employment verified. What may not be so obvious is that the ...

Credit Mortgage Reader Questions: Qualifying For an Credit Mortgage With Substantial Cash Reserves

052

A reader asks, “I have low income but sufficient to qualify, credit score qualification and a low amount of debt. I also have significant savings (over $150,000) in a money market acct from a property settlement agreement. Does my large ...

Credit Mortgage Answers: Do Student Loans Count Against Your Debt-To-Income Ratio?

051

When you apply for an About Credit loan, your lender must calculate the amount of income you have versus the amount of debt you currently pay on and factor in the amount of your projected mortgage. The amount of debt is ...

Credit Mortgage Rules: Government Benefits and Assistance Income

059

One of the most common questions we get about About Credit home loans involves the borrower’s basic eligibility for the About Credit loan program based on receiving government assistance or other types of government payments including: • military income • VA benefits ...

Credit Mortgage Answers: Does Alimony/Child Support Count As Income?

097

We’ve been discussing topics this week related to About Credit loan rules for income and employment. The participating About Credit lender is responsible for verifying an About Credit loan applicant’s employment and income to make sure it is stable and reliable. Not all ...

Credit Mortgage Rules For Income Verification: Part-Time Employment Income

099

About Credit loan rules include a requirement that the lender verify sources of income and employment. Some types of income may or may not be permitted on the About Credit loan application, and About Credit loan rules printed in HUD 4155.1 explain what’s ...