Brett Sampson's (bsampson) Blog

Have you or someone you know been told you don’t qualify for a conventional mortgage due to your debt to income ratio being too high? I haven’t seen Fannie Mae give an approval for a debt to income ratio over 45% on a conventional loan in at least a year. …So, if you are over 45% you probably wer...

As we enter the second week of the government shut down here are a few things to keep in mind… - We are still closing FHA and VA loans for now. - USDA loans are dead in the water because the Dept of Rural Development is pretty much shut down. -Usually we require a tax validation on every loan (ca...

Here’s how the government shut down is currently effecting FHA, VA, and USDA…HUD/FHA The Department of Housing and Urban Development’s (HUD) operations, specifically the Federal Housing Administration (FHA), should not be significantly impacted as long as the shutdown is brief. Limited FHA staff ...