There was an announcement in the mortgage market late last week that many of the major banks have gone to a minimum score of 640 for all FHA loans.
…Well, that may be the case for them – but not me!
You don’t have to make a lot of money to buy a house!
Nine days ago I closed a loan for a person that made $10.25 an hour – and she bought a $94,500 house.
Hope you had a good weekend!
I see this situation often – so I wanted to revisit the idea of overlay guidelines with you.
It’s getting harder and harder to find mortgage companies that will still do loans for manufactured homes.
…but, I still do loans for manufactured homes!
I wanted to remind you that FHA’s mortgage insurance is changing next Monday (October 4th).
It will be lower annually, and a little higher monthly.
I get many people applying for mortgages that have challenged credit.
I can get some of them loans. …some of them I can’t.
…but, many just assume they can’t get a loan – and don’t apply at all.
There aren’t too many ways to buy a house with no money down anymore.
…You’ll be happy to know that it is possible to buy your dream house with no money out of your pocket. …You just have to know how.
I just wrote a Special Report, and I wanted to pass it on to you immediately.
It will show you how to get CASH when you buy your next house – and a lot of it!
Fannie Mae has made changed on their Foreclosure waiting period.
I’m going to list Fannie Mae’s current waiting period on all derogatory events for you
here…
You’re getting a divorce, and per the terms of the divorce you must refinance your home to get your Ex spouse off the house and get them their share of the equity.
The problem is – you have been told by a loan officer that they can’t help you get cash out because your loan to value ratio is over the 80% threshold required for a cash out loan in Texas.