A letter of explanation for a mortgage is a document that provides further details about an applicant’s creditworthiness or financial circumstances. The letter of explanation addresses red flags ...

Special Circumstances for VA Loans If your financial picture includes any of the following special circumstances, your application may need to be manually reviewed by a VA loan underwriter. You ...

Bank statements, tax returns and pay stubs are some of the documents typically required for preapproval. This documentation ...

A firm mortgage commitment letter is a more solid offer for home loan approval. However, you'll only be officially approved after you sign all the documentation at closing. First-Time Homebuyer Loans ...