Search results for: usda
AMENDMENTS 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 MoreMANUAL UNDERWRITING RATIOS
“Manual underwriting” refers to the process of assessing a borrower’s creditworthiness and making lending decisions based on a thorough review of their…
Read MorePROPERTY FLIPPING RULES
There have been a lot of questions around rules as it pertains to Property Flipping Rules. Property Flipping is when sellers buying a home and then flip it and…
Read MoreMANUAL UNDERWRITING
Manual mortgage underwriting refers to the process of evaluating a mortgage application without solely relying on automated systems or algorithms.
Read MoreGIFT DONOR CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
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 MoreFHA Loans for the First Time Home Buyer in Florida
Buying a property and becoming a homeowner is a very exciting milestone, however, it can be a stressful process because of the many financial factors that go…
Read MoreSo You Want to Buy a Home?
Making the decision to purchase a home can be very exciting, but we know that it can also bring about a lot of questions and concerns.
Read MoreHow Much Does It Really Cost to Buy a Home?
This is one of the most asked questions when people begin to consider buying a home. The answer truly does vary depending on a number of things like location,…
Read MoreNewsletter Signup
Mortgage Newsletter Florida – Stay Informed At North Star Mortgage Network, we offer a free Mortgage Newsletter Florida subscribers can rely on. This newsletter delivers mortgage tips, market insights, and rate updates straight to your inbox. Since April 2000, we’ve helped families in Jacksonville, Orlando, Tampa, and St. Augustine. Now, you can get the same…
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