VantageScore Mortgage Update
For years, mortgage lenders have mostly used FICO scores when reviewing a buyer’s credit. But that is starting to change with the new VantageScore mortgage updates. Fannie Mae, Freddie Mac, and FHA have all started moving toward allowing VantageScores in mortgage underwriting. That may sound like a small technical change, but for some buyers, it […]
UWM VantageScore Update: What FICO and VantageScore Mean for Homebuyers
UWM VantageScore changes are giving mortgage brokers another way to help qualified buyers get approved for a home loan. United Wholesale Mortgage recently announced that brokers working with UWM now have access to both FICO® and VantageScore® for conventional loans. That may sound like a small credit update, but it could make a real difference […]
Buying a Home After Bankruptcy – What You Need to Know
If you are considering buying a home after bankruptcy, you are not alone. While bankruptcy can feel like a financial reset, it does not permanently close the door to homeownership. In fact, many buyers successfully purchase or refinance within a few years of filing. The key is understanding timing, credit recovery, and loan guidelines. Let’s […]