guideline: FHA 203K Renovation Mortgage Program Overview/Updates - 02/13/11 05:31 AM
FHA Program Basics
Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations
FHA Minimum Down Payment Increases to 3.5% on Jan 1st
 


FHA 203K Guideline FAQ - Appraisals (Also see Property Conditions)
 

 



FHA 203K Guideline FAQ
 


FHA 203K Guideline FAQ - HUD Homes
Buy a HUD Home in Georgia for Only $100 Down
  


FHA 203K Guideline FAQ - Miscellaneous

 
 


FHA 203K Guideline FAQ - Property Condition
 
 



 
FHA Basic Guidelines
FHA … (0 comments)

guideline: Real Estate Agents - Fact or Fiction.... Learn the Underwriting Requirements of 2011 - 01/04/11 03:17 PM
As we begin 2011, underwriting guidelines remain the tightest that many in the mortgage and real estate industries have seen in recent years.  Today's rules/requirements echo those of the pre-2000 era.  Given that a great number of today's players in the real estate industry have been in the industry less than 10 years, many simply cannot understand these changes.  For those who have been in the business longer, many of those have forgotten the old days when today's guidelines were common practice.  Every still has the 2005-2006 era stuck in their head.  That is now what is know as HISTORY.  It's … (14 comments)

guideline: What Is An Underwriting Guideline Overlay? - 01/01/11 05:23 AM
Why does it sometimes seem that underwriting guidelines vary from mortgage company to mortgage company?  Well, it is because, sometimes they do.  Each agency (Fannie Mae, Freddie Mac, FHA, VA, USDA) sets the minimum guidelines for the approval of a mortgage that they will back if it defaults.  An overlay is when a mortgage lender adds an additional restriction to their guidelines.  One huge misconception is that
There are many types of overlays.  Some of the most common include:

When an Underwriter makes a condition that someone doesn't agree with, they are not just doing it because they want to.  There is a valid reason behind it. 
(2 comments)

guideline: USDA Financing Mortgage Program Updates - 10/03/10 11:40 AM
USDA Program Basics







 

USDA Guideline FAQ - Appraisals (Also see Property Conditions)
 


USDA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
 



USDA Guideline FAQ - Credit









USDA FAQ - Income/EmploymentBusiness Expense Deductions vs Qualifying for a Mortgage


USDA Guideline FAQ - Loan Limits


USDA Guideline FAQ - Miscellaneous

USDA Announces 2011 Funding Availability  


USDA Guideline FAQ - Property Condition 


New Carpet or Carpet Allowance? 
Please check back for program updates … (1 comments)

guideline: FHA Financing Mortgage Program Overview/Updates - 09/28/10 05:07 AM
 
FHA Program Basics
Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations
FHA Minimum Down Payment Increases to 3.5% on Jan 1st
 


FHA Guideline FAQ - Appraisals (Also see Property Conditions)
FHA Appraisal Transfer Changes Effective January 1, 2010
FHA Appraisal Validity Period Change Effective January 1, 2010
 


FHA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
 



FHA Guideline FAQ - Condominiums
Getting a Gift for Closing Funds??? - Know the FHA Rules

10 Questions You and Your Buyers Must … (0 comments)

guideline: HomePath Financing Mortgage Program Overview/Updates - 09/28/10 04:06 AM
HomePath® Financing Highlights
 
This special financing is available exclusively on Fannie Mae homes with the HomePath logo
Search for Fannie Mae REO's at http://reosearch.fanniemae.com/reosearch/.

Program Basics
HomePath Financing for Fannie Mae REO'sHomePath Financing - Buy a Home in Georgia With Only 3% DownGeorgia Investors Can Purchase With as Little as 10% DownBuy an Alabama Second / Vacation With as Little as 10% Down. Conventional Guideline FAQ - AssetsSelf-Employed???? Acceptable Use of Business Funds for Closing
Conventional Guideline FAQ - Credit
Do You Need a New Credit Report Before Closing??? - Fannie Mae Clarifies Its PositionFannie Mae Updates Policy for … (1 comments)

guideline: Fannie Mae Updates Policy for Borrowers With a Previous Bankruptcy - 09/21/10 03:12 PM

 
Fannie Mae has updated its polices regarding new financing for borrowers with a previous bankruptcy.  The waiting period now ranges from 2 years from the discharge date of a Chapter 13 Bankruptcy to 5 years from the discharge or dismissal date for someone with multiple bankruptcy filings.
 
 
 
(3 comments)

 
Rodney Mason, VP of Mortgage Lending - AL, FL, GA, SC, & TN (Guaranteed Rate NMLS# 2611) Rainmaker large

Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN

Atlanta, GA

More about me…

Guaranteed Rate NMLS# 2611

Address: 825 Juniper St NE, Atlanta, GA, 30308

Office: (404) 591-2453

Fax: (404) 601-8488

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