The Mortgage Files

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

A hopeful first-time homebuyer or couple sitting with a loan officer at a desk, looking at documents or a laptop, with a house in the background or visible on screen—professional and optimistic tone.

Can you buy a house with a 500 credit score?

By Scott Sheldon / June 10, 2025

Can You Buy a House with a 500 Credit Score? Yes—Here’s How Buying a home with a 500 credit score might seem like a long shot—but it’s not impossible. While low credit does make things more challenging, there are still viable paths to homeownership, especially through government-backed programs like FHA loans. Just know that success…

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A person sits thoughtfully at a desk, surrounded by mortgage documents, with items like a firefighter's helmet, a teacher's apple, and a tech gadget representing different professions. The setting combines a professional atmosphere with a cozy, homey background, illustrating the balance of multiple careers and mortgage planning

How to get an FHA mortgage with multiple jobs

By Scott Sheldon / September 11, 2024

When it comes to securing a mortgage through the Federal Housing Administration (FHA), understanding the nuances of income qualification can be crucial, especially for those with multiple job streams. The FHA’s primary aim is to ensure that the income used to qualify for a mortgage is stable, predictable, and likely to continue. Here’s a deeper…

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