Builder or Seller can contribute funds to cover borrowers’ payment up to 3 months on home via Interested Party Contributions  Build/Buy & Save Payment Option Overview: This Payment option allows a builder or seller to contribute funds that cover the borrower’s payment for up to 3 months on a home in the form of an Interested Party Contribution (IPC). The funds are placed into an…

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I get questions often about how we calculate debt to income (DTI) and how much income it actually takes to qualify for a home. So, I wanted to work up a scenario for you. I am making assumptions that the person has good to great but not excellent credit, using averages for things like taxes…

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