Brandon Butler

Do you have a credit card that has to be paid off each month?  When you finance a home, evaluating this type of credit can get a little tricky.  Let’s talk before you start looking for your home to avoid any bumps in the home financing road!

Do you have a credit card that has to be paid off each month?  When you finance a home, evaluating this type of credit can get a little tricky.  Let’s talk before you start looking for your home to avoid any bumps in the home financing road!

Related Article Title: 30-Day Accounts – Payment or Reserves – What Is Required? Question: Our client has an open 30-day account.  The credit report has a monthly payment associated with that account. DU is requiring reserves, and when I search the Fannie Mae guidelines, I get two different answers about how to treat this debt […]

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Interesting Fact!  If you want to purchase a single-family home that has been moved from one lot to another lot, you can obtain home financing with a structural engineer’s report that the home is still structurally sound.  Have questions about financing a new home? Let’s talk!

Interesting Fact!  If you want to purchase a single-family home that has been moved from one lot to another lot, you can obtain home financing with a structural engineer’s report that the home is still structurally sound.  Have questions about financing a new home? Let’s talk!

Related Article Title: Financing a Single-Family Home That Has Been Moved Question: Do Conventional guidelines allow financing on a single-family home that has been relocated to a new lot? Answer: Fannie and Freddie have no restrictions for an SFR (stick-built) home being moved/relocated, but your appraiser should be informed so that they can make appropriate […]

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What happens when the actual rent you collect on an investment property is different than the market rent indicated by the appraiser?  As rents rise, this is a common issue for many of my multi-unit or investment property owners.  Before you choose to buy or refinance a multi-unit or investment property, let’s talk!

What happens when the actual rent you collect on an investment property is different than the market rent indicated by the appraiser?  As rents rise, this is a common issue for many of my multi-unit or investment property owners.  Before you choose to buy or refinance a multi-unit or investment property, let’s talk!

Related Article Title: Actual Rental Income vs. Appraiser’s Current Market Rent Question: My client is refinancing a 2-unit home and occupies one unit.  His Schedule E shows $3,600 in monthly rental income, but the appraiser indicated current market rent as $2,500.  Which rental amount do I use, the real rent or the current market rent […]

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Financing a home after a Bankruptcy is possible.  The key is to time the new home financing to meet the home loan guidelines.  Even a day can make a difference, so let’s talk and make a plan before you buy or refinance!

Financing a home after a Bankruptcy is possible.  The key is to time the new home financing to meet the home loan guidelines.  Even a day can make a difference, so let’s talk and make a plan before you buy or refinance!

Related Article Title: Bankruptcy Guidelines and New Closing Date Question: Our client’s credit report shows a discharge date for a Chapter 13 in June of 2019.  They would like to close in June of 2021. Since the contract requires a closing in the month of June, will this file need to be downgraded to a […]

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If you are purchasing a Manufactured Home, ask the seller for the Manufacture Date!  USDA will not allow a manufacture date exceeding 12 months of the purchase agreement contract.  I help homebuyers finance manufactured homes and I’m happy to answer your questions!

If you are purchasing a Manufactured Home, ask the seller for the Manufacture Date!  USDA will not allow a manufacture date exceeding 12 months of the purchase agreement contract.  I help homebuyers finance manufactured homes and I’m happy to answer your questions!

Related Article Title: Financing Manufactured Homes Over 12 Months from Manufacture Date Question: We keep getting a “refer” from GUS for a manufactured home that has never been lived in, but has been vacant for a while.  Is there a rule about the age of the property even when it has never been occupied? Answer: […]

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