Schedule K-1 Income? Some of you with a schedule K-1 on your tax return may count on this income as your primary source of income and others as a side income.  Home lenders review your percentage of ownership to determine how they will add income or count losses.  To find out how home lenders will consider your income in buying a home, let’s chat!
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Schedule K-1 Income? Some of you with a schedule K-1 on your tax return may count on this income as your primary source of income and others as a side income.  Home lenders review your percentage of ownership to determine how they will add income or count losses.  To find out how home lenders will consider your income in buying a home, let’s chat!

ByBrandon Butler

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Fannie Mae Announces a “Blended Credit Score” to help more borrowers qualify for home financing. Here is how it works.  When one borrower does not meet the minimum credit score requirement of 620, the scores of both of the borrowers will be averaged to meet the minimum requirement. If your loan was previously denied over this issue or you have questions, let’s talk!

Fannie Mae Announces a “Blended Credit Score” to help more borrowers qualify for home financing. Here is how it works.  When one borrower does not meet the minimum credit score requirement of 620, the scores of both of the borrowers will be averaged to meet the minimum requirement. If your loan was previously denied over this issue or you have questions, let’s talk!

ByBrandon Butler

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Lost Your Home to Foreclosure?  Don’t Lose Hope!  Guidelines have recently changed that will allow a shorter time frame from the time of a foreclosure to buying another home.  This can be complex as it involves circumstances, timing of bankruptcy, and other factors.  If you lost your home to foreclosure in the past and are curious about your roadmap to a new home, let’s talk!
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Lost Your Home to Foreclosure?  Don’t Lose Hope!  Guidelines have recently changed that will allow a shorter time frame from the time of a foreclosure to buying another home.  This can be complex as it involves circumstances, timing of bankruptcy, and other factors.  If you lost your home to foreclosure in the past and are curious about your roadmap to a new home, let’s talk!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.