lindy22

About lindy22

This author has not yet filled in any details.
So far lindy22 has created 368 blog entries.

Attention Real Estate Agents Listing Condos! Lenders may now exclude from the single investor concentration calculation Units owned/controlled by non-profits for affordable housing, Units in affordable housing programs, and Units retained by higher education institutions (colleges/universities as an example) for workforce housing. This rule change may open up more financing options for your condo units, so PM me for more information!

Related Article Title:   Freddie Mac- Multiple Selling Guide Updates – Bulletin  2019-11 – Dated June 5, 2019 – Effective Immediately Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is [...]

2019-06-07T13:02:16-05:00June 10th, 2019|Freddie Mac, Social Media Posts|

Breaking News! The HomeReady® Program dealt a blow to this very popular program. They will now require that EVERYONE meet the income limits of 80% of area median income vs. the former 100%.  This is effective July 20th so we still have time to help you with this low down payment program. PM Immediately if you are even considering buying a home

Related Article Title:  Fannie Mae Lender Letter LL-2019-06 – Dated June 5, 2019 – Effective July 20, 2019 Written by: Lloyd Rutherford, Staff Writer If you work with the HomeReady program, this is an update that may blow up your loans if you do not pay attention. Severe changes to this program will soon go [...]

2019-06-07T13:55:49-05:00June 10th, 2019|Fannie Mae, Social Media Posts|

Important Alert! The HomeReady® Program will no longer allow “no income limits” in any area of the country, even the low-to-moderate for which it was created. If you are on the fence about buying, we have until July 20th to get your application in under this program. PM me!

Related Article Title:  Fannie Mae Lender Letter LL-2019-06 – Dated June 5, 2019 – Effective July 20, 2019 Written by: Lloyd Rutherford, Staff Writer If you work with the HomeReady program, this is an update that may blow up your loans if you do not pay attention. Severe changes to this program will soon go [...]

2019-06-07T13:54:50-05:00June 10th, 2019|Fannie Mae, Social Media Posts|

Construction to Permanent financing is a great way to build your own home, close one time and not have to deal with the construction loan followed by a second more permanent loan. PM me for details and let me help you make that new home a reality!

Related Article Title:  FHA-Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot? Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new [...]

2019-06-07T09:08:05-05:00June 10th, 2019|FHA, Social Media Posts|

Life Happens!  Anyone can run into a problem that just wrecks their credit.  Lenders look at the reasons why, and one of those is called “extenuating circumstances”.  So if you’ve had a bad divorce, medical issue or loss of job that caused a “blip” in your credit history, PM me and let’s discuss it!

Related Article Title:  NEW Extenuating Circumstances – All Agency Comparison Chart Written by: Tracey Rumsey, Staff Writer Life happens, Sometimes Life Throws a Curve Ball & Disrupts a Client’s Credit History! Read this article and check out our new chart to be the hero to more clients. Interpretive Comments: Borrowers who have had more recent [...]

2019-06-07T09:52:07-05:00June 10th, 2019|Social Media Posts, Universal Topics|