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Self-Employed Buyers

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While we’ll use tax returns in most cases, if the adjusted gross income is sufficient. Sometimes we need to utilize alternative documentation if the adjusted gross income is too low due to write offs. For example: Bank statements Profit & Loss (P&L) statement 1099s It’s a little different, but absolutely doable. I work with entrepreneurs […]

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Easing Loan Applications

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Fannie Mae and Freddie Mac will begin accepting VantageScore 4.0 for mortgage underwriting, either alongside or in place of traditional FICA scores. Federal Housing Finance Agency  announced July 8 that the government-sponsored enterprises, Fannie Mae and Freddie Mac, will begin accepting VantageScore 4.0 for mortgage underwriting, either alongside or in place of traditional FICO credit scores. This […]

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