The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

what to look for in a lender to buy a home

Can You Still Get A Mortgage With Bad Credit?

By Scott Sheldon / September 23, 2015

Looking for a bad credit mortgage loan? If your credit is not up to par, yes, you can still get a mortgage with hoop jumping. Believe it or not you may even be able to seal the deal even with credit score sub 620. Here’s what to expect… FHA- that’s right, the only program out…

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Can I buy a house if I have a rental late payment?

By Scott Sheldon / January 2, 2015

No you cannot have a rental late in the last 12 months if you are gunning to buy home. Mortgage lenders may do what’s called a verification of rent (VOR)-to make sure you have not had a late payment in the last 12 months if you have this very well might derail your loan. Additionally,…

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