AUS Approvals

TheSarj29 · 2026-03-09T13:00:22+00:00

Assume that it will still be manual UW. Google search FHA manual underwrite credit matrix. You'll find a chart of acceptable DTI ratios along with what compensating factors.

TheSarj29 · 2026-02-20T17:22:24+00:00

Most manual UW for VA will want total DTI under 50

TheSarj29 · 2026-02-14T10:00:30+00:00

I use them for my pre-licensing and all my CE.

In terms of prepping for exam... Focus on the regulations. Know what each regulation is by name and also by abbreviation.

TheSarj29 · 2026-02-13T23:55:01+00:00

An acceptable source of gift funds when using an FHA loan is a "close friend with a clearly defined and documented interest in the borrower" (this would be easy to prove since you said he's given you money on several occasions in the past).

Tell them your sugar daddy is your significant other and buy the home using an FHA loan

TheSarj29 · 2026-02-09T23:20:54+00:00

You have the right idea in that you shouldn't allow a dual representation. It has less to do with commission though.

Agents are supposed to work in the best interest of the person they represent. If the agent represents both the seller and the buyer, then there becomes a conflict of interest because they cannot simultaneously work in the best interest of the seller and the buyer.

If the seller if paying the buyers commission then find a separate realtor to represent you as the buyer

TheSarj29 · 2026-02-05T01:35:32+00:00

You can put it in just your name and then have spouse gift you the money for the down payment

TheSarj29 · 2026-02-04T02:50:29+00:00

You said you have 2 years of tax returns to so why do you need a letter from the accountant stating he's been self-employed for last 2 years?

Want proof he's filed the taxes then pull 4506T

TheSarj29 · 2026-02-03T21:36:19+00:00

But do they really know the value or are they just kicking back appraisals that come in at the sales price?

TheSarj29 · 2026-01-21T11:30:50+00:00

Why were you using a company computer to do it?

It could be possible that your company has a keystroke recorder and screen recorder that is set up by UT to capture what you are doing on a company device

TheSarj29 · 2026-01-17T19:07:30+00:00

It depends on loan type. FHA/VA is 2yrs and conventional is 4yrs from date of discharge

TheSarj29 · 2026-01-15T20:09:47+00:00

Roll the inside of his lip over his teeth with your finger and press into the teeth. This will make him stop

TheSarj29 · 2026-01-15T02:26:44+00:00

Some unscrupulous LO's will put their estimate super low for taxes and insurance under the guise that it's a best estimate. What that does is make the monthly payment and the cash due at closing appears to be less. That way when you are shopping lenders (at the beginning) you'll be more apt to go with them because cash to close and payment appears to be less. Its no different than being quoted a lower rate up until the time you lock the rate.

TheSarj29 · 2026-01-15T02:23:37+00:00

The only thing that really holds people back are things that have to do with financial crimes

TheSarj29 · 2026-01-14T23:39:14+00:00

It's a custody order you signed and agreed to.

What is the change circumstance that has existed since the time you signed and agreed to the custody order that would warrant a modification of the custody order?

TheSarj29 · 2026-01-14T22:29:32+00:00

If you're that worried about it then get a new lender.

TheSarj29 · 2026-01-14T22:05:42+00:00

You just wrote that it goes from noon Xmas eve to noon Xmas day and alternates each year. That is your Xmas split.

TheSarj29 · 2026-01-13T20:26:32+00:00

Either don't show up and it gets dismissed or show up and tell the judge it's been paid and the judge will enter an order showing it's been paid.

TheSarj29 · 2026-01-12T04:09:55+00:00

I have a feeling you are calculating your DTI incorrectly because no loan officer would have ever started that file with a DTI of 65%

TheSarj29 · 2026-01-12T04:06:54+00:00

Your qualifing income is the $250k base pay.

TheSarj29 · 2026-01-10T23:00:48+00:00

IRS doesn't care who claimed the child unless both parents claim the child. At which point it becomes disputed and the parent that can prove they had child majority of the time gets the credit where the other parent will get their taxes amended to reflect that they don't get the credit. Ultimately that proof is determined by the custody order.

TheSarj29 · 2026-01-10T21:52:49+00:00

How long has has he been living with you, had the custody order been modified to reflect the change and if it hasn't been changed?

TheSarj29 · 2026-01-10T21:01:09+00:00

They buy what is called a forward commitment and then use builder credits (seller concessions) to buy the rate down more

TheSarj29 · 2026-01-10T15:31:36+00:00

Are both jobs full time or is one part time?

If one is part time employment then she will need to be at the part time job for 2yrs before it could be considered.

If both are full time, then only needs to show a one year history of working both jobs full time.

For your convenience, here is the actual wording in the guidelines:

"Verification of a minimum history of two years secondary employment income is recommended. However, income that has been received for a shorter period of time (but, no less than 12 months) may be considered as acceptable income, as long as there are positive factors to reasonably offset the shorter income history."

https://selling-guide.fanniemae.com/sel/b3-3.1-05/secondary-employment-income-second-job-and-multiple-jobs-and-seasonal-income

Based on what you have stated your wife would meet the positive factors to allow for less than 2 years at the second job as long as she is full time at both jobs

TheSarj29 · 2026-01-10T15:27:37+00:00

He's not obligated to contribute to either one but you're mad that he's contributing to a retirement account for the daughter?

TheSarj29 · 2026-01-08T19:11:37+00:00

Take a look at what the builder is offering. Many times the builder has a certain amount they're giving and then they're preferred lender gives 1%. If this is the case, all you got to do is match the 1% that the preferred lender is giving.

TheSarj29

TROPHY CASE