Search results for: jumbo
NON-ARMS LENGTH INCOME CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
Read MoreNAR SETTLEMENT BUYER AGENT COMMISSION FAQ
Short answer Since the NAR settlement, buyer agent commission is negotiated directly between the buyer and their agent rather than being assumed from the listing. It can often still be paid by the seller as a concession — but it has to be written into the contract, and concession limits vary by loan program. Call…
Read MoreALIMONY AND CHILD SUPPORT INCOME
Short answer Alimony and child support can count as qualifying income with documented proof of receipt and evidence it continues. If you are the one paying, some programs let you subtract it from your income instead of counting it as a debt — which can change your ratios significantly. Call or text 904-880-6741 Ask about…
Read MoreMortgage Application Process Guide
Ensure a credit score >700 for optimal mortgage rates; review credit report for errors. mortgage-broker-meets-with-a-young-couple-4-of-6-FP24NJV Choose…
Read MoreAMENDMENTS IMPACTING APPRAISALS
Short answer A contract amendment after the appraisal is ordered can force a new appraisal, a re-inspection, or a change to your loan amount. Tell your lender before you sign the amendment, not after — that order matters more than people expect. Call or text 904-880-6741 Ask about your actual file — no SSN, no…
Read MoreGIFT DONOR CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
Read More-Home Sales “Will Improve in 2024” -Home Prices Continue Higher -Continuing Unemployment Claims Near 2-year High
Home Sales “Will Improve in 2024” Home Sales “Will Improve in 2024”. Pending Home Sales were unchanged from October to November, though October’s figures were…
Read MoreAPPLIANCE REQUIREMENTS FOR MORTGAGES
Short answer Most loan programs expect the home to have working appliances — at minimum a functioning kitchen. A missing stove or a torn-out kitchen can hold up an appraisal, and on some programs it means the property does not qualify until it is replaced. Call or text 904-880-6741 Ask about your actual file —…
Read MoreIncreasing Loan Limits in 2022
Updated August 2026: this post is from 2022 and is kept here as an archive. For the figures that apply now, see 2026 Conforming Loan Limits — the baseline…
Read MoreConventional Loans
Are you currently in the market for a home, and in the process of deciding on the best financing option to fit your current situation? Conventional loans can…
Read More
