If you’re self-employed and thinking about buying or refinancing a home in Washington State, you’ve probably heard something like: “It’s really hard to get a mortgage when you work for yourself.” That’s partly true — but it’s not the whole story.
The reality is that self-employed borrowers have more mortgage options today than ever before. The key is understanding how different loan programs view your income, and finding the one that best fits how your finances actually look on paper.
Here’s a clear breakdown of what to expect. [Read more…]
One of the most common questions I get from home buyers in Washington State is: how much should I put down? The short answer is: it depends. But the longer answer is actually pretty interesting — and knowing the tradeoffs can save you real money.
Fannie Mae (conventional lending) recently changed their underwriting guidelines to no longer factor in credit scores for underwriting approval!
When borrowers start researching FHA versus conventional mortgages, they often encounter the same inaccurate information — repeated across real estate websites, agent newsletters, and well-meaning advice from friends. These misconceptions can lead buyers to dismiss loan options that might actually work better for their situation, or to make decisions based on outdated assumptions.
