homebuyer education class
down payment. Putting down 10% in stead of 3%
significantly under the maximums
Credit or credit scores
Time on the
job. The longer the better.
current residence. The longer the better.
payment has been saved by the borrower verses getting a
money left in savings after the purchase. Often called
current housing expense. A large increase in the borrowers
housing expense would be unfavorable.
(last 12 months) derogatory accounts or prior derogatory
accounts were caused by extenuating circumstances.