Category Archives: Lender Overlay

What is a Lender Overlay, What Does This Mean?

    In the California home loan world you may come across the term “overlay”.  An overlay ia an additional rule that a lender applies to an already existing list of guidelines associated with a specific loan program. For example, Fannie Mae guidelines say it’s o.k. that applicants can payoff credit card debt to help […]

Foreclosure And Short Sale Waiting Periods Before Buying A Home Again

Okay. The hurt is over.  You’ve moved on to a new home after losing your home to foreclosure or a shortsale.   But now your situation has improved and you’re now thinking about owning a home again in the future but how long will the credit world hold your traumatic event against you?  Well there’s several […]