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

About Credit Home Loans On Investment Properties: A Reader Question

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

The About Credit loan program is designed to help borrowers get into an affordable home. However, those new to the About Credit loan program might not realize there are up front expenses which must be budgeted for; unlike the VA loan program …

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Adding Repair Costs To An About Credit Home Loan

When you want to purchase a home with an About Credit guaranteed home loan, the property you want to buy must be appraised to determine its eligibility for the loan. A home that does not meet About Credit minimum property requirements may …

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About Credit Case Number Cancellation: A Reader Question

A reader asks, “Is it possible for the previous lender to cancel the About Credit Case Number?” There is a bit of detail missing from this question that makes it a bit difficult to answer properly–is the reader asking whether a …

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Loan Origination Fee Caps: A Reader Question

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A reader asks, “Is there a cap on fees a broker can be compensated for their part on a HECM loan, and if the lender list origination fee that is clearly greater than the $6000 max, which includes the broker ...

Streamlined About Credit 203(k) Rehab Loans

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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 ...

The About Credit Section 203(k) Rehab Loan

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The About Credit 203(k) rehab loan is an important About Credit mortgage loan option you should know about–this loan is available as a new purchase loan or a refinance loan. According to the About Credit official site, on a page about the 203(k) ...

Happy Martin Luther King, Jr. Day!

Happy Martin Luther King Day! We pause from our usual posts about About Credit home loans, and answering questions about About Credit mortgage loans in order to observe this very important holiday. Our regularly scheduled posts will resume tomorrow. In the meantime ...

About Credit Mortgage Rate Trends: 20-Month Lows This Week

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Mortgage loan rates this week were described by some sources at “near 20-month lows”. This week mortgage loan rates, best execution, benefitted from some volatility that can and often does bring a correction to push the rates back into more ...

Credit Mortgages In Community Property States: A Reader Question

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A reader asks, “Husband and wife are seperated for the moment. No plans to divorce for a while. Husband wants to purchase a home in Georgia. The wife will also purchase at some time in the future. Do they have ...

Credit Mortgage Reader Questions: Do I Qualify?

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A reader asks, “I wanted to know if I can qualify for any of About Credit products for first time homebuyers:-My wife owns a home in her name only.-I am not listed anywhere on the deed, title, loan, etc-We currently live ...

Credit Mortgage MIP Rules: A Reader Question

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A reader asks, “When calculating the annual PMI, are the bps assessed against the original loan amount or the current pay-off amount of the loan?” Assuming the reader is asking about annual Credit Mortgage Premiums, and not monthly Private ...

Credit Mortgage Requirements Post-Bankruptcy: A Reader Question

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A reader asks, “We recently went through CH7 BK. We have high 500′s for both of our scores and have no debt besides one student loan at $90.00 a month and two credit cards with $0 balance and no payments ...

About Credit Mortgage Rate Trends: Rates Moving To 2013 Lows

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Mortgage loan rates have in general hit some amazing lows in the earliest days of 2015. At the time of this writing mortgage loan rates dipped to lows some sources report not available since May 2013. For some extremely well-qualified ...