Emily B.

Overview Qualified borrowers are invited to submit a prequalification application.A borrower and/or Mortgage Loan Officer (MLO) may submit the application for pre-screening using a waterfall approa...

Step 1For W2 borrowers only, the lender accepts The Work Number (TWN) or Truwork for a direct match into a payroll system. If there is a successful hit, then the employment history is pulled for pa...

Collections and charge offs must be paid off at or before closing. Exception: They may remain open when they are:Less than twenty-four (24) months old with a maximum loan balance of $2,000;Twenty-f...

Judgments and tax liens must be paid off at or before closing.

Bankruptcy (Chapters 7, 11, 13)Waiting period of four years from the discharge or dismissal dateForeclosureWaiting period of seven years from the discharge datePre-Foreclosure/Deed-in-Lieu/Short Sa...

Past-due consumer debts (Installment and Revolving) can be no more than ninety (90) days past due at the time of closing. Rolling late payments are considered delinquent for each late occurrence. D...

FICOs 640+: 0x30x6 / 1x30x12FICOs 600-639:0x30x12Note: Housing history requirements apply to all financed propertiesIf the subject property is owned free and clear, then the subject property is con...

Credit rescores are not allowed on our HELOC.

Use the primary wage earner’s credit score as the representative credit score.The minimum FICO score is 600.Note: The Heloc program utilizes an Equifax-only FICO 8. The lender will not consider bro...

The primary wage-earner must have either:Two (2) tradelines seasoned twelve (12) months, orOne (1) tradeline seasoned twenty-four (24) months