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Qualifying Guidelines
The qualifying guidelines vary between the different types of mortgages. The good thing is we offer so many different programs that you most likely will be able to find one that works for you.

Here are some "rule of thumb" guidelines for 1st mortgages:
  • A two year credit history
  • Two Years of continuous employment
  • Total combined debts (including your new mortgage payment) can be no more than 50% of your gross monthly income

Here are some "rule of thumb" guidelines for 2nd mortgages:

  • No Bankruptcy's in the last 2 Years
  • Foreclosures must be 3 Years or older
  • Two Years of continuous employment
  • Collections of Charge-Offs must paid or settled (Sometimes this can be done with your loan)

To learn more about the individual loan qualification guidelines please contact a loan specialist now at 1-800-242-0919.

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