Fannie Mae has now removed the minimum score requirement as part of the loan underwriting process! That's huge news for the consumer loan market and will open up an avenue to home ownership for a whole new group of individuals. Fannie Mae's Desktop Underwriting (DU) system will now review your entire overall financial profile which includes income, assets, payment history & credit behavior in making an automated DU approval/deny decision. The key takeaway from this is that

One of my key lender partners has announced new upper limits on their Conventional Loan program and it is now $819,000 up from $806,500! ...

Each year all real estate agents and brokers are required to complete 12 hours of continuing education including a mandatory 4 hour class...

This is a super loan program geared towards investor purchases of 1-4 unit investment properties. It requires minimal paperwork and can...

Fannie Mae has just released new down payment guidelines for owner occupied multi-family investment properties and it is great news for...

What is this 2/1 interest rate buydown that's been in the mortgage news lately and how does it work? Ryan Larussa with GMFS Mortgage has...

As the renting vs buying debate continues to be discussed, Ryan Larussa with GMFS Mortgage has put together a rent vs buy analysis. Even...

Fantastic lender program that can provide up to a 20% down payment assistance for buyers in areas impacted by our recent hurricanes. ...