Good Morning! I wanted to spotlight a program you or someone you know may be interested in. It’s a 3% down first time home buyer program up to a $548,250 loan amount. Here are some of the important features of this product… 1) Owner-occupied primary residence only (can’t have owned a home in 3 years).…
Good Morning! If you are buying a house and wanted to know how much the sellers can help you with closing costs, below is a list of maximum seller contributions by loan program… Program: Conventional (fannie/freddie), owner occupied… 1) 25% or more down payment = 9% allowed seller contribution. 2) Less than 25% down and…
Good Morning! Hope you guys are having a great week! Note: If you need to close quickly on a purchase – we are getting 10 day loan submissions to clear to close. Not on every file of course, but if your credit is good, and you can easily prove your income – we can get…
Good Morning! If you have applied for a mortgage, and been told you don’t qualify – don’t despair. Instead take control of your situation, and make a plan to get a mortgage. 1) Isolate the reason you can’t get a mortgage now. Your loan office should be able to tell you this. 2) Make a…
Good Morning! Want to buy a nice home in the country or outlying suburb with no money down? Here’s a program that might work for you… It’s called USDA, and here are some details on this program… -Up to 100% of the Appraised Value – Total LTV of 102% – -Difference of sales price and…
Good Morning! I wanted to spotlight a couple of product options… 1) You can still get rates in the twos on Texas Home Equity Cash Out loans. So, if you have been thinking about consolidating some debt, or adding on to your home – it’s still a great time to do this. 2) We are…
Good Morning! I hope you guys had a good weekend! I wanted to give you a real life example of how to purchase a house with a Reverse Mortgage. These borrowers were recently retired, and now living on a fixed income. They owned their home free and clear, and lived in a small town not…
Good Morning! Few product bullet points for you this morning… 1) We are doing FHA loans down to 580 credit scores right now, so if you want to buy a house and your credit is on the low side – this might be an option for you. 2) We are getting one day approvals on…
Good Morning! I had this situation come up again last week… Advice: If you enter into a lease option agreement don’t give cash for the option money. The reason is when you try to buy the house down the road you will have to prove you gave the option money to get credit for it.…
Good Morning! I get asked this question a lot by clients who are buying houses… …”Can we just roll closing costs into the loan?” The short answer… No. You can do it with no problem on a refinance, but not a purchase loan. …but there is an indirect way to do it on a purchase…