Search results for: usda
Golden Handcuffs Mortgage Rates Are Loosening in Florida
The term golden handcuffs mortgage rates describes the lock-in effect where homeowners avoided moving because they didn’t want to give up ultra-low mortgage…
Read MoreManufactured Home Mortgage Guidelines (2026 Update)
2026 Update (September 2026) Fannie Mae removed its hard 620 minimum credit score for loans run through Desktop Underwriter on November 16, 2025.
Read MoreTemporary Agency Employment Mortgage Requirements in Florida
If you work through a staffing or temporary agency and are preparing to buy a home in Florida, understanding temporary agency employment mortgage requirements…
Read MoreMortgage Benefits for Persons with Disabilities in Florida
At North Star Mortgage Network , we believe homeownership should be accessible to everyone. For more than 25 years, we’ve worked closely with Florida borrowers…
Read MoreStudent Loans and Mortgage Qualification: 2026 Rules
2026 Update (September 2026) Fannie Mae: lenders can use your documented income-driven payment, even $0.
Read MoreFannie Mae vs Freddie Mac Guidelines: 2026 Differences
2026 Update (September 2026) Credit scores: Fannie Mae removed its hard 620 minimum for loans run through Desktop Underwriter on November 16, 2025. Freddie Mac rules differ, so compare both. Student loans: Fannie Mae can use a documented $0 income-driven payment. Freddie Mac generally uses 0.5% of the balance when the payment is $0. Renting…
Read MoreVerification of Commission Income: Guidelines for Mortgage Qualification
Short answer Commission income generally needs a documented history and gets averaged rather than taken at face value. A strong recent year does not fix a weak prior year — and unreimbursed business expenses can reduce what actually counts. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. By…
Read MoreGrossing Up Social Security Income Mortgage Qualification Guide
Short answer Most lenders let you gross up non-taxable Social Security income by 15% or 25%, depending on the agency and the documentation in the file. Which one applies to you changes what you qualify for. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. By Nathan Young, founder…
Read MoreCitizenship and Residency Requirements for a Mortgage in Florida
Understanding the citizenship and residency requirements for mortgage loans is critical for buyers who are U.S.
Read MoreVA Manual Underwriting Guidelines (2026): DTI and Residual Income
2026 Update (September 2026) VA sets no minimum credit score. Many lenders set their own. 41% debt-to-income is a guide, not a hard cap. Above 41%, residual income at least 20% over VA’s regional guideline can support approval. On manually underwritten (Refer) files, lenders look closely at your housing payment history, often up to 24…
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