Tag Archives | Underwriting Guidelines

Seven Things Your Orange County Real Estate Agent Should Know About Your Mortgage Approval

While many experienced  Orange County real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulations, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property […]

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Understanding the FHA Mortgage Insurance Premium (MIP)

* Disclaimer – all information in this article is accurate as of the date this article was written * Orange County home buyers have heard of the FHA loan program. But what about the MIP? The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage […]

Making Sure Your Cash-To-Close Comes From The Proper Source

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the […]

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