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Tag: pastoral housing allowance

Clergy Housing Allowance Mortgage Solutions

For most people, this is not a popular topic. But, for ministers and pastors looking to build, refinance, or buy a home, it sure is. First of all, pastoral income can vary widely. Furthermore, many lenders do not understand how to count clergy housing allowance as income. Therefore, finding a mortgage lender who understands clergy […]
Mortgage Denied Because of Employment History? We Have Solutions

Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending.  Basically, these are the main areas lenders review to qualify a borrower.  But these 4 categories are broken down into many subsets.  This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

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