All Forum Posts by: Harjeet Bhatti

@Richard Compian Lender will calculate income in two different ways. As long as you are in same line of work for 2 years. This will not impact on counting of your income. 

@Christopher Jones What is the reason you qualified for FHA loan only? Is that credit score or DTI? You can work on both while looking for properties. You lender should have given you suggestion.

@Van Ngo It’s all about lender overlays. Guidelines allows you to buy or refinance property even though there is gap in employment.

@Christopher Jones Its just pre-qual you can switch to conventional loan any time. I don't see any reason to go with FHA when you have 25% down payment.

@Van Ngo According to guidelines you can explain the employment gap and income will be consider on application. 

@India Burdette You can always discuss upfront with lender you are working with Housing agency on one particular program and ask them if they can offer any other program which could benefit to meet your future goals. The reason being all the DPA programs has different guidelines some could be good fit for one but not to another FTHB.

@John Carino All depend how your divorce settlement agreement drafted. What ever steps you will take should be documented.

@Michael Mackney Physician loan can be used for primary home only. 

@Jay Hinrichs Yes rate did go up today and trend is higher from last week. 

@Ashley Carr As long as both lenders knows about your liability so they can add in your DTI.