mortgage underwriting

Can I put 5% down payment and buy a multi-family house?

Oct 21, 2024 3 min read mortgage underwriting

Yes, you can put 5% down or less and buy a multi-family house using specific loan programs like FHA loans (3.5% down), conventional loans (5% down), or VA loans (0% down for eligible veterans).

Will I be denied a mortgage due to withdrawals from ATMs from my bank account?

Sep 2, 2024 3 min read underwriting

Very unlikely. Mortgage underwriters will review bank statements looking for any large deposits or automatic withdrawals going to pay undisclosed debt. In the process of reviewing bank statements, an underwriter