Are you an employee with a salary -or a contract employee? This will make a difference in how the underwriter views your file.
Get a good mortgage banker to giv ... more
Chapter 7 2 years
both on FHA
I have originated many loans as this. I suggest you DO NOT say the $400K was a gift. A letter stating your wife has total access to the account would be much better. Since the ... more
FHA loans are more common now than in the past for just that reason, the low down payment requirement of 3.5%. All loans require at least 2 yrs employment, 2 yrs ren ... more