Published on December 28, 2018
Written by The Servion Group
It's common for loan officers at financial institutions to ask us questions about some aspect of the home loan process. We love getting the questions and providing answers - it's what being a partner is all about. So we've decided to publish an "Ask the Underwriter" blog post every so often (hopefully once a month). It will be a short Q&A featuring questions we've received recently from partners around the country. We hope you find it valuable!
Let's jump in.
A: Yes, provided you can provide the following documentation:
Note: the above applies to conventional, FHA, VA, and USDA financing.
A: Income from the GI Bill typically includes a housing allowance while the borrower is in school. Because this income is unlikely to continue for three or more years, it cannot be used to qualify for any loan program offered by Servion.
A: Maximum LTV varies based on the type of financing under consideration:
Let us know! Send an email to email@example.com with the subject line "A question for Ask the Underwriter."