Veronica G

Equifax FICO 8 is utilized for both the soft and hard credit pulls• Minimum 640 FICO for Owner Occupied and 2nd Homes• Minimum 700 FICO for Investment Properties• Eligibility is determined by the p...

The HBFS Heloc program utilizes Persona, a third-party vendor, for all identity verifications.The identity of each borrower whose credit is used for loan qualification must be confirmed.All identif...

When a monthly student loan payment is provided on the credit report, that amount may be used for qualifying purposes.  If the credit report does not reflect the correct monthly payment, the monthl...

Ownership must be fee simple or leasehold in name of individual(s) or inter vivos revocable trust.The following entities are prohibited:Limited Liability Company (LLC)CorporationPartnershipIrrevoca...

Once your have finalized the closing with the Notary, your rescission period will begin the following business day.For primary residences properties – there is a three (3) day rescission period for...

Minimum 75% initial draw disbursed at closing.5-year interest-only draw period; 25-year repayment period (fully amortizing).NOTE: Tennessee Exception: 5-year interest-only; 10-year repayment period...

NY, RI, DC, IL, MA, UT, NM, DE, HI, OH CLTV cap dependent on credit score Tennessee CLTV cap dependent on credit score Draw Terms and Structure: 5-year interest-only; 10-year repayment period Texas...

Bankruptcy (Chapters 7, 11, 13)Four years from the discharge or dismissal dateForeclosure / Deed-in-Lieu / Short SaleSeven years from the discharge datePre-Foreclosure/Deed-in-Lieu/Short SaleFour y...

Inter vivos revocable trusts, also known as Living Trusts, are eligible for origination. We must obtain copies of the trust or trust certification and include them in the loan file. A review of the...

United States Citizens United States Citizens are individuals born in the United States, Puerto Rico, Guam, Northern Mariana Islands, Virgin Islands, American Samoa, Swain’s Island. Permanent Resid...