Do you need a jumbo loan? Depending on where the property is, a jumbo loan could be a loan $1,210,000 or higher. In some areas, a jumbo loan could be any loan greater than $832,750. If you need a jumbo loan, most lenders want you to have a credit score of 720 or higher. But…

Are you buying an investment property? Are you self-employed and don’t show enough income on your tax returns to get a full doc loan? Then you need a DSCR (debt service coverage ratio) loan. Here’s how it works: we use the rental income to qualify you for the loan. Let’s say you’re buying a two…

What do mortgage underwriters look for when they review your loan application? They consider four elements: income, assets, credit, and the collateral (the property you are financing). Which of these four is the most important? It depends on the program you’re applying for. Some programs, like a hard money loan, just looks at the collateral.…