Employment Disruptions & COVID – COVID caused a lot of disruptions for clients seeking to buy a home.  One of the common issues we run into are “Gaps in Employment” or “Job Changes” due to the pandemic.  For Home Financing purposes, lenders are trying to establish stability of employment which can range from 6 months to 2 years depending on the loan program.  If you had a disruption in income, let’s talk about your situation and determine a road map to homeownership!
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Employment Disruptions & COVID – COVID caused a lot of disruptions for clients seeking to buy a home.  One of the common issues we run into are “Gaps in Employment” or “Job Changes” due to the pandemic.  For Home Financing purposes, lenders are trying to establish stability of employment which can range from 6 months to 2 years depending on the loan program.  If you had a disruption in income, let’s talk about your situation and determine a road map to homeownership!

ByBrandon Butler

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Big Changes for Divorced Clients! FHA used to require legally divorced borrowers to provide evidence that 12 months of payments were made by the ex-spouse where a jointly owned home was court-ordered to be paid by the ex-spouse.  They just updated their guidelines to state that if the home is court-ordered, the lender does NOT need to show 12 months of timely payments by the ex-spouse! Interested in learning more? Let’s discuss your situation! 
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Big Changes for Divorced Clients! FHA used to require legally divorced borrowers to provide evidence that 12 months of payments were made by the ex-spouse where a jointly owned home was court-ordered to be paid by the ex-spouse.  They just updated their guidelines to state that if the home is court-ordered, the lender does NOT need to show 12 months of timely payments by the ex-spouse! Interested in learning more? Let’s discuss your situation! 

ByBrandon Butler

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FHA made some important updates to their guidelines that will assist borrowers in obtaining home financing.  We have put together the Old vs. New guidelines, so let’s connect and update your real estate office staff on these changes.
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FHA made some important updates to their guidelines that will assist borrowers in obtaining home financing.  We have put together the Old vs. New guidelines, so let’s connect and update your real estate office staff on these changes.

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.