Mortgages

Mortgage Rates from 1971 to current

Your Step-by-step Mortgage Guide, From Application to Closing

FHA Loan Requirements

FHA Loans – 7 Crucial Facts About FHA Loans

 

 

 

 

 

 

 


Buying a home with as little as 3-5% down payment

There is a common misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home. This misconception came about as the government just last year debated new guidelines for residential mortgages …

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Downpayment Assistance

I work with a number of Lending Specialists depending on the financial needs of my clients. Please give me a call me and I will help connect you with an appropriate lender. There are several resources available for down payment assistance. USDA– USDA Rural Housing Development programs offer minimal to zero down payment for qualified …

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FHA 203(k) Rehab Loans

HUD’s FHA 203(k) loans are popular right now considering the many foreclosed homes that may have been abandoned or neglected. How it works FHA 203(k) loans allow the cost of certain repairs and improvements to be added to the sales price – giving borrowers an “all in one” home repair loan that’s rolled into their permanent home financing. For example, …

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How do you get a mortgage?

The 4 C’s of Mortgage Underwriting With …  new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 C’s of Underwriting”- …

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How much home can I afford?

Deciding how much house you can afford Your lender decides what you can borrow but you decide what you can afford. Lenders are careful, but they make qualification decisions based on averages and formulas. They won’t understand the nuances of your lifestyle and spending patterns quite as well as you do. So, leave a little …

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Mortgage Calculator & Rate History Chart

Mortgage Calculator Mortgage Rate History

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Mortgage pre-approval guidelines

The 4 C’s of Mortgage Underwriting With Spring upon us, and new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 …

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Your Loan Options

Fannie Mae 97% purchase loans This product may be a less expensive option than FHA for those First Time Buyers with good credit. 3% down Conforming loans up to $417,000 loan amount with 700+ credit score Single family residence only and only owner occupied Condos or duplexes need 5% down FHA – 96.5% loan 3.5% downpayment Upfront mortgage …

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Your Step-by-Step Mortgage Guide from Application to Closing

Your Step-by-Step Mortgage Guide From Application to Closing   

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