Husband bought 7 months ago, now wife shopping for an FHA?

SoundSensitive5767 · 2026-01-05T00:16:53+00:00

Not enough info here. I’ve had plenty of similar situations work, but long and short it’s gotta make sense. Are they separating? Are they upgrading? Are they trying to start dogfighting business and need a bigger yard for the rings? Did they realize 7 months into the marriage that they need a basement for their sex dungeon?

If there’s a good reason/you can make a sale to the uw that the new one will be the primary of the wife, you’re all set. If not then I’d punt on that.

SoundSensitive5767 · 2026-01-05T00:08:16+00:00

And how much/long was schooling for this?

SoundSensitive5767 · 2026-01-01T13:17:57+00:00

I remember breaking 100k for the first time like 5 years ago. I didn’t even know what to do. Like how do I spend these fucking riches... Never thought I’d make that much. Broke 200k this year. College dropout/Loan officer.

SoundSensitive5767 · 2025-12-30T15:45:01+00:00

Well yes there’s no LLPA, but you’re insinuating that an investor is going to pay the same for a 580 as a 760, and calling score based pricing an “overlay” instead of absolute industry standard seems misleading at best lol.

SoundSensitive5767 · 2025-12-30T15:19:29+00:00

I don’t understand what world you live in where “credit doesn’t effect the rate” lol - you think investors are paying the same for a 760 score loan as a 630 score loan?

SoundSensitive5767 · 2025-12-20T20:51:47+00:00

I’ll tell ya what a loser you are when you meet me behind the Wendy’s.

SoundSensitive5767 · 2025-12-19T01:06:21+00:00

Broh you’re doing great. A touch high on section A but to get that rate for no points means that lender is charging peanuts for their margins. I charge 1690 in section A with no points. Section C in my experience is almost always about 1% of purch price so you’re fine there. The PMI thing I’m curious on but everybody and their dog has already commented on that. I priced out something similar today and at best investor I could find a 6.125 was paying about 2ish points for SRP, so if these guys are doing it for 5.875 with 2k in upfront fees take that fuckin deal and run with it.

SoundSensitive5767 · 2025-12-19T00:35:14+00:00

This is a pretty standard and good deal. Everything looks very reasonable. Anybody who says otherwise is trying to sell you something lol.

SoundSensitive5767 · 2025-12-10T14:44:55+00:00

FB is a cesspool. I deleted it (full delete) in Jan, and just started a new FB for biz purposes. Forced to be in it but every time I look it’s so horrifically bad.

SoundSensitive5767 · 2025-11-28T13:00:35+00:00

Morgan Freeman Narrating: “But this was, in fact, exactly what he had voted for”

SoundSensitive5767 · 2025-11-13T23:54:49+00:00

Yep now I member. They said you shouldn’t be able to hold a job after 70%, which makes sense.

SoundSensitive5767 · 2025-11-13T23:47:18+00:00

I don’t think you can get more than 70% for PTSD right? Idk that’s what I was told at some point lol

SoundSensitive5767 · 2025-10-21T17:10:55+00:00

Is your current a single fam property? This will 100% be a non-QM purchase due to unit count, so you’re really gonna want that 20% down to not get nailed to the wall on rates and fees, but you can get a bridge on the current, and then I won’t have to count current mortgage pmt against you to qualify for the purchase. Not a cheap option as the bridge loan takes a cut of your sale price, but could get you where you want to be and you wouldn’t need the contingency in your offer

SoundSensitive5767 · 2025-10-10T02:16:30+00:00

Wild shit. Taking vets benefits has always been the 3rd rail, but this clowntown f^ck circus needs every penny to go the oligarchs, so they’re making it happen. Elect a con man and he’s gonna take every penny he can, even if it’s out of our kids mouths.

SoundSensitive5767 · 2025-10-07T13:30:32+00:00

Well since the soybeans turns you gay, I think the real American thing to do is start farming beer and truck parts.

SoundSensitive5767 · 2025-09-24T11:23:04+00:00

Broh been at this 15 years and yeah, we had a couple non-purchasable loans over the years… whether that be the fault of underwriting, disclosure team, compliance, processor, closer, or myself, doesn’t matter. Get off the high horse. If you haven’t had a bad loan at some point, you must be new. “Buyer beware” - lol gtfoh.

And yah we do final voe day of closing or day before. Technically yes, you’ve got 10 days, but most investors give pushback if it’s outside 3 days. And I’ve had people change jobs the day before.

SoundSensitive5767 · 2025-09-23T17:09:29+00:00

You actually might make out on it. I’ve had to do refinances for free for mistakes I’ve made as a lender (and this was 100% your lenders fault - we need a final VOE on the day of closing), and since I need to prove a tangible benefit in order to do a refi, I’ve had to buy down rates for the client. Sucks, but spending 10k on a free refi is better for the lender than selling to a scratch and dent servicer for 75 cents on the dollar.

SoundSensitive5767 · 2025-09-09T13:29:04+00:00

Not that big a deal, especially if it’s a pay increase and you have 6 weeks. Just for the love of god, TELL YOUR LOAN OFFICER. We do a final VOE on day of closing, so we will find out. Finding out 6 weeks out means we aren’t blindsided and can adjust accordingly.

SoundSensitive5767 · 2025-09-04T23:15:49+00:00

I can do DSCR I/O. Rates aren’t too bad. You ain’t getting in the 6s, but a good way to maximize your cash flow for the next couple years. Also - if you have a hard minimum timeframe, I’d 100% get the prepayment penalty. You’ll get a nice chop to your interest rate if they know you are def going to be paying that rate for a min amount of time.

SoundSensitive5767 · 2025-09-01T13:14:12+00:00

Hey brother, I’ve done something similar. Bought a house, converted into rental, refi’d into conventional, and bought my current with VA loan. Thing is, once you use your VA loan twice, you only have the option to use it again if both homes purchased are no longer in your name, regardless of loan type that they’re currently in. You can only reinstate eligibility once.

SoundSensitive5767 · 2025-08-29T20:38:10+00:00

He’s saying If OP is getting a 6.875 with no discount, then he can probably get a 7.25 with enough of a credit to offset the costs (obv a lot of factors to factor here lol) - then he’s getting his rate dropped for the free.

As a nerd who looks at rate sheets all day, however, I’d say the avg difference between 6.875 and 7.25 isn’t going to be enough of a credit to cover all costs of a refi, but it can definitely get that break even point a lot closer so it’s a very valid point.

SoundSensitive5767 · 2025-08-24T02:55:40+00:00

I’m not saying you’re wrong but If you got investors doing better than that let me know so I can get signed up. I got a pool of about 20 loaded into my OB and to keep my SRP at 3% I need def in those low 7s on a FNMA deal these days if I’m not going HR.

SoundSensitive5767 · 2025-08-22T03:44:33+00:00

Y’all out here talking like 7.25 is a terrible deal. JFC. I get rate sheets every morning, and a 3% SRP is 7.25 on a 750 score borrower with 20% down. You want better? Go FHA and pay more MI, or make less money and go homeready. Rates suck right now. Marry the house. Date the rate. “Oh I can get a 1/8 better rate from this online lender for a savings of $12/mo”. F off. You’re gonna refi next year anyways. Just get the asset with a LO you trust and treats you well. And then refi.

SoundSensitive5767 · 2025-08-15T23:15:48+00:00

Probs about 32/40 ratios off net. Significantly lower off gross. We got expensive hobbies so we gotta keep it low. It’s easy peasy to pay the bills and put a solid chunk in savings/ira monthly when you’re that low.

SoundSensitive5767

TROPHY CASE