Jeff's Blog

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Mortgage and Lending - Southwest Funding
Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best. We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.

ARCHIVED BLOG POSTS

2008 

1 Comments
HUD guidelines do not require that a married couple both be on the loan, however, the debts from a a non-purchasing spouse must be counted in the DTI ratios. That being said, did you know that derogatory trade lines (from the non-purchasing spouse), such as collections and judgments, are NOT coun...
08/12/2008
Don't forget that HUD guidelines do not require a borrower to have a credit score. You can use alternative trade lines to establish a min. of 12-mo history to qualify for an FHA loan.You can use a variety of alternative trade lines such as: rental housing; utilities; telephone service; cable tele...
08/07/2008
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Don't forget that HUD guidelines allow your documents to be up to 120-day's old, and up to 180-days old on new construction.  If you can find the right bank this will work. This kind of knowledge will help you close more loans. HUD guidelines sayNO MINIMUM SCORE for ANY FHA borrower!  Imperial Mo...
08/06/2008
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HUD guidelines will allow for a borrower to remain in an active CH. 13 BK or a CCCS, as long as you have a 12-mo on-time payment history, and permission from the trustee or the counseling agency.  If you can find the right bank this will work. This kind of knowledge will help you close more loans...
08/04/2008
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JeffSchraeder

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Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best. We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.