Guides
How lenders decide what you qualify for
Every rule behind the QualRate calculators, written out in plain English with real numbers. Written by AAA Capital Funding, Inc.
Loan programs
FHA loan requirements: what it takes to qualifyFHA loan requirements: 500 and 580 credit score tiers, 3.5% down, DTI up to 46.9%/56.9%, MIP rates, loan limits, gifts, 6% seller credits and waiting periods.Read the guideConventional loan requirements, with the math lenders actually runConventional loan requirements explained: 620 credit score, 3% down, DTI up to 50%, PMI that cancels, 2 to 4 unit rules and waiting periods, with real math.Read the guideVA loan requirements, including the residual income testVA loan requirements explained: $0 down, no mortgage insurance, the 41% DTI guideline, residual income for Florida, funding fee rates and who's exempt.Read the guideUSDA loan requirements for a $0 down home in an eligible areaUSDA loan requirements explained: $0 down in eligible rural areas, household income limits, 29% and 41% ratios, the 1% and 0.35% fees and a worked example.Read the guideFHA 100% financing with down payment assistanceHow FHA 100% financing works: a 96.5% FHA first plus a down payment assistance second covering the 3.5%, the real monthly payment, and the cash still due.Read the guideDSCR loans: qualifying a rental on the rent it brings inHow DSCR investor loans qualify on rent instead of income: the formula, what counts in PITIA, a Broward example, down payments and how to raise a ratio.Read the guide
Qualifying math
How much house can I afford? The way lenders actually decideHow lenders set your maximum home price on FHA, Conventional, VA and USDA, with one buyer run through all four programs and every number shown.Read the guideDebt-to-income ratio: how lenders do the math on your debtsHow lenders figure debt-to-income ratio: which debts count, which don't, FHA, VA, USDA and Conventional DTI limits, and the fastest ways to bring DTI down.Read the guideStudent loans and DTI: how each loan program counts themStudent loans count in DTI even at a $0 payment. See how FHA, VA, USDA and Conventional figure income-driven, deferred and forbearance loans, with real math.Read the guideCredit score requirements for a mortgage, program by programMinimum credit scores for FHA, Conventional, VA, USDA and DSCR loans, and what each score tier changes: down payment, mortgage insurance and pricing.Read the guideFHA and conforming loan limits explainedHow FHA and conforming loan limits are set, the floor and ceiling for 1 to 4 units, VA entitlement, and what to do when the home costs more than the limit.Read the guide
Ways to buy more home
Adding a co-signer to your mortgage: who can sign and what it addsHow a co-signer works on an FHA or Conventional mortgage: who can co-sign, SSI and Social Security gross-ups, title and occupancy, and how much it adds.Read the guideHouse hacking with an FHA loan on a 2 to 4 unit homeBuy a duplex, triplex or fourplex with FHA at 3.5% down: how 75% of rent counts, the 3 and 4 unit self-sufficiency test, reserves and a duplex example.Read the guideCash to close: down payment, closing costs, prepaids and who can pay themWhat cash to close includes, seller concession caps for FHA, VA, Conventional and USDA, gift rules, and a Florida example where the buyer brings under $3,000.Read the guide
AAA Capital Funding, Inc. · Mortgage broker since 1997
Have a mortgage expert check these numbers
AAA Capital Funding shops multiple wholesale lenders for your actual rate and approval, with FHA, VA, Conventional, co-signers and down payment assistance. Call and we’ll go over your real numbers together. You decide from there.
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