If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.
Government Mortgages: Compare And Contrast To A Conventional Loan
A conventional loan is easier; a GSE loan is more convenient. In order to get the best deal on your home loan, you will most likely have to compare a conventional loan to the various government mortgages that you may be eligible for.