What is a "Non-Occupant Co-Borrower"?

Conventional guidelines allow a family member who won't live in the home to be on the loan with you. This is a powerful way for first-time buyers to use a parent’s income to lower their Debt-to-Income (DTI) ratio and qualify for more home.

How does the appraisal process differ from FHA?

Conventional appraisals focus primarily on market value. While the home must be safe and sound, they are generally less "picky" about minor cosmetic issues (like peeling paint) that can sometimes stall an FHA or Florida VA loan closing.

Can I get a conventional loan after a bankruptcy?

Yes. The typical waiting period is 4 years after a Chapter 7 discharge or 2 years after a Chapter 13. While this is longer than FHA, the long-term savings of a conventional loan often make it worth the wait.

Stephen Cowherd, Author at The Herd Lending

The 2026 Conventional Loan Strategy: Building Equity and Wealth

While government-backed programs are often the first stop for many, the Conventional Loan remains the gold standard for long-term financial control and flexibility. In 2026, several key policy shifts from Fannie Mae and Freddie Mac have made this “traditional” mortgage a dynamic tool for both first-time homebuyers and savvy real estate investors. At The Herd […]

How Jacksonville Veterans Can Save Thousands with Florida Property Tax Exemptions

In the River City, a VA loan is the ultimate “offensive” tool to get you into a home with $0 down. But once you have the keys, Florida’s unique property tax laws act as your “defense,” helping you keep that home affordably for decades. If you are a Veteran or active-duty member PCSing to NAS […]

2025 Veteran’s Guide: Advanced Strategies to Maximize Your VA Loan Benefit

The VA loan is a lifetime benefit, but its true power lies in how you use it beyond just buying your first home. If you’ve already mastered the basics of VA loan eligibility, it’s time to look at how 2025’s market and specific Herd Lending policies can help you build long-term wealth. 1. New for […]

First-Time Homebuyer’s Q&A Guide to Affordability & Mortgages

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Beyond the Conventional: Navigating Advanced & Specialized Loans with The Herd Lending

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For the brave men and women who have served our country, the dream of homeownership is a well-deserved reward. The VA Home Loan program, backed by the U.S. Department of Veterans Affairs, is one of the most powerful and valuable benefits available to veterans, active-duty service members, and eligible surviving spouses. Designed to make homeownership […]

Unlocking Your Home’s Potential: A Guide to Home Equity Lines of Credit (HELOCs)

As a homeowner in Florida, you’ve likely built a valuable asset—your home’s equity. This equity, the difference between your home’s value and what you owe on your mortgage, isn’t just a number on a statement; it’s a powerful financial tool. One of the most flexible ways to tap into this resource is through a Home […]