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Conventional follows Fannie Mae and Freddie Mac, FHA follows HUD, Non-QM is lender specific Not all mortgages follow the same playbook. Conventional loans largely follow standards set by Fannie Mae and Freddie Mac. FHA loans follow rules from HUD. Non‑QM…
Restricted Stock Units and Mortgages When applying for a mortgage, some applicants may receive a portion of their income through Restricted Stock Units (RSUs). These are a form of equity compensation often used by public companies to incentivize employees. While…
How buying down your rate works, when it pays, and when to skip it Paying points can lower your interest rate and monthly payment. The key is knowing the breakeven, your time horizon, and whether there is a better use…
When applying for a mortgage, one common question is whether income from part-time jobs or secondary employment can be used to qualify. The answer is yes, but specific criteria must be met. Understanding how lenders evaluate part-time and secondary income…
What is DTI Your debt-to-income ratio (DTI) compares your monthly debt payments to your gross monthly income. Lenders use DTI during mortgage preapproval to estimate how comfortably you can handle a new mortgage payment along with your other obligations. Lower…
Some Lenders Are Already Honoring Anticipated 2026 Higher Conforming Loan Limits Each fall, the Federal Housing Finance Agency updates conforming loan limits for Fannie Mae and Freddie Mac. Those limits set the maximum size of a loan that can be…
Make the Right Choice by Focusing on Monthly Cost When you start exploring mortgages, two of the most common options are FHA loans and conventional loans. Both can get you into a home, but the better choice depends on your…
Freddie Mac now allows up to 95% LTV on 2- to 4-unit primary residences. Effective for mortgages with settlement dates on or after September 29, 2025, Freddie Mac has updated its guidelines to expand financing opportunities for multi-unit primary residences…
Philadelphia’s Anchors: How Education and Healthcare Strengthen Our Local Economy, and Housing Market When people think about what makes Philadelphia special, history and culture often come to mind. But another story runs quietly in the background, how education and healthcare…
Save on closing costs and keep more money in your pocket without waiting for rates to drop. When you’re refinancing or buying a home, the last thing you want is a complicated and expensive closing process. That’s where programs like…
