As many of you know, the anticipated and somewhat dreaded Qualified Mortgage Rules have now arrived . FHA and VA loans will not be affected by the new QM rules which dictate not just the maximum debt to income ratios for qualification but also the amount of fees paid on a loan. The idea behind the QM rules is eliminate the No-Doc or Low-Doc loan by forcing lenders to verify income and assets in order to determine the qualification of that applicant. I don't … (0 comments)
Helping Families Realize Their Dream of Homeownership Since 1990.
Laura Borja is an experienced Mortgage Consultant covering the San Diego and south Riverside Counties. Laura Borja is an experienced Mortgage Consultant covering the San Diego and south Riverside Counties. Loan Programs available include: FHA loans, VA loans, USDA home loans, First Time Home buyer programs as well as conforming and Jumbo conventional loans.
How will Qualified Mortgage (QM) rules affect FHA or VA Loans?... by Laura Borja, San Diego Home Loans
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