Tag: Bridge Loan

Seasoning Rules for VA loans – Refinance

Question: Our client took out a bridge loan to use as a down payment on a new home before selling their departing residence.  Now that  their former home is sold and the entitlement is restored, does the 6-month seasoning requirement still hold since the loan being paid off is a non-VA loan? Answer: Unfortunately, the […]

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Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-11 – Dated June 5, 2019 – Effective Immediately

Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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