April 2011

Underwriting for Beginners

by Mortgage Nerd on April 26, 2011 · 4 comments

When I first started out as a loan officer my manager taught me about an acronym to help me understand the basic principles of mortgage underwriting. And I think that it could be helpful for somebody that is looking to get a mortgage. The acronym is PACIT and it stands for: Property: This is the […]


In this article I will be comparing two of the most popular loan programs for first time home buyers, FHA and USDA Rural Housing. I don’t think that one program is inherently better than the other but they do offer unique advantages, depending on your situation. Because of this, it is imperative that you understand what these advantages are.


Important request by the author: Before you disregard this article because you don’t think you will ever own a home in a rural area, please see the USDA website to find out which areas in this country are considered “rural” by the USDA. I think you will be pleasantly surprised that this program may be […]


Unless you have been living under a rock for the last 5 years you have probably heard from a family member, friend, or coworker about how difficult it can be to get a mortgage. It’s true that lenders have become more strict regarding the credit worthiness of those applying for a mortgage but the loan process does not have to […]