Brett Sampson's (bsampson) Blog

I wanted to give you a little insight on how the mortgage world treats part time income. An underwriter will want to see that you have a two year stream of this part time income before they give you credit for it. …So, in other words if a loan officer tells you that you need more income – you can...

Mortgage tip: If you are about to get into the loan process to buy or refinance a house – don’t go out and buy things on credit. It sounds simple, and you would think most people would know this without being told. I have a loan right now where a borrower got himself into trouble from doing just ...

I hope your having a good week so far! In keeping with recent posts – I want to go over the VA guidelines for Foreclosure, and Bankruptcy. Here ya go… VA   Short SaleDeed-In-Lieu of ForeclosureForeclosure 2 years from completion dateIf extenuating circumstances exist – 12 months from completion d...

A few posts ago I showed you how Conventional loans treated Short Sales, Foreclosures, and Bankruptcy. With this post I’m going to show you how FHA treats these same events. Here is a helpful chart to illustrate…   FHA   Short Sale 3 years from date of sale. Borrowers who sold their property unde...

How old do you have to be to purchase a home? From a mortgage perspective there is no “minimum age” to purchase a house. However, it really depends on the state you live in. Each state or jurisdiction in which a property is located will have specific laws that detail the minimum age at which a mo...

   I wanted to take a moment to let you know how Conventional Fannie Mae and Freddie Mac guidelines treat Short Sale, Deed In Lieu, Bankruptcy, and Foreclosure… Here’s a helpful chart for you…   Short Sale   Deed-In-Lieu ofForeclosure 4 years from completion date for 80.01% – 90% LTV2 years from ...

I wanted to take a moment to highlight a new investment loan product we have. It’s designed specifically for the purchase or refinance of non-owner occupied investment properties that cannot meet Fannie or Freddie guidelines. Highlights… * 30 yr fixed rate.* Unlimited cash out on cash out refi.* ...

If you are considering a Lease With An Option To Buy please consider this… When you give someone option money at the onset of a lease option agreement – you are going to have to prove you gave that money when you get a loan to buy that house. How do you prove it? If it’s certified funds you need ...