One of the latest “unwritten” guidelines to hit the underwriting pipeline involves the documenting of a donor’s assets prior to giving a gift to a borrower.  Up until recently, the standard gift documentation involved a few simple items: Signed Gift letter from all parties (Donor and Recipient) Verification of Deposit, Bank statement or Teller statement [...]

Your Score is too Low for $0 down financing. This is only true coming from misinformed loan officers that don’t study their industry.  If they don’t know how to structure the loan or what loan program to use, your score is too low! (At least for them to get you approved.) If it cost the [...]