Category Archives: Home Buyers

Non-Borrower Household Income Flexibility

“HomeReady recognizes the growth of extended-income households by allowing the existence of non-borrower income to be considered a compensating factor in Desktop Underwriter® (DU®). HomeReady permits the borrower to have a higher debt-to-income (DTI) ratio – higher than 45%, up to 50% – considering available household income to provide additional assistance with household expenses if

Read More

Minimizing documents for borrowers

At National Brokers, we understand that loan process can sometimes be stressful and take time to gather documents for loan approval review. Our lenders now offer e-signing documents that borrowers can sign while in line to get their lunch. In addition, we also minimize income documents from buyers. If you are W2 income borrowers and your

Read More

Buying a Home in 9 Easy Steps

Buying a Home in 9 Easy Steps Don’t be overwhelmed with the homebuying process. If you just follow this step-by-step guideline provided by HUD, you will soon be holding the keys to your own home! Figure out how much you can afford Know your rights Shop for a loan Learn about homebuying programs Shop for

Read More