Have you heard about the FHA REO $100 Down Program? It is a great way to pick up a home owned by HUD that is in foreclosure.  There are even funds available to help you renovate the property!  Interested?  PM me for more information!

Have you heard about the FHA REO $100 Down Program? It is a great way to pick up a home owned by HUD that is in foreclosure.  There are even funds available to help you renovate the property!  Interested?  PM me for more information!

Related Article Title: Minimum Credit Score Requirements for the FHA REO Program – NEW CHART – FHA REO Guidelines Question: What is the minimum credit score required for the $100 Down FHA REO Program? NEW MC Chart – FHA REO Guidelines Answer: Since the LTV exceeds 90%, 580 would be a minimum score for the […]

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Mortgage forbearance during COVID is not the end of the world!  There are home loan options to assist you with purchasing or refinancing after forbearance, so let’s talk and work out your plan!

Mortgage forbearance during COVID is not the end of the world!  There are home loan options to assist you with purchasing or refinancing after forbearance, so let’s talk and work out your plan!

Related Article Title: Refinancing to Pay off Debt After Forbearance Question: My client requested a 3-month forbearance and has now completed that.  How many payments does he need to make in order to refinance and consolidate other debt accrued during COVID? MC Chart – FHA Forbearance Eligibility Answer: A borrower who is paying off debt […]

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Did you know that the Fannie Mae HomeStyle® Program will allow renovation projects on a Second Home?  If you’re considering an update to your primary home or second home, let’s talk!

Did you know that the Fannie Mae HomeStyle® Program will allow renovation projects on a Second Home?  If you’re considering an update to your primary home or second home, let’s talk!

Related Article Title: Renovation Programs for a Second Home Question: Our client has a second home that is paid for, gutted and without running water.  They want to take out a home loan to renovate the property to standard living conditions.  Is there an option for them? Answer: Yes! Fannie Mae offers what they call […]

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Purchasing a multi-unit property with the intent to live in one unit and rent out the others is a great option for some homebuyers. If you are a first-time homebuyer and thinking about purchasing a 2–4-unit property, there are some details you may need to know first!  Contact me and let’s discuss your situation.

Purchasing a multi-unit property with the intent to live in one unit and rent out the others is a great option for some homebuyers. If you are a first-time homebuyer and thinking about purchasing a 2–4-unit property, there are some details you may need to know first!  Contact me and let’s discuss your situation.

Related Article Title: Using Rental Income on a 2 Unit as First Time Homebuyers Question: My client is a first-time homebuyer with great credit, but no history of receiving rental income or property management experience.  Are we able to use rental income for the second unit to qualify? MC Chart – Rental Income Answer: It […]

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Myth Alert!  Conventional loans do not require the borrower to have 3 credit scores. They only require that the lender order a three-credit score report where at least 1 credit score is obtained. Have a credit question?  Let’s talk!

Myth Alert!  Conventional loans do not require the borrower to have 3 credit scores. They only require that the lender order a three-credit score report where at least 1 credit score is obtained. Have a credit question?  Let’s talk!

Related Article Title: Can You Use One Credit Score? Question: Our borrower is only reporting one credit score.  Can we use this score, or do they need to have 3 credit scores reporting? Answer: As long as DU or LPA accept the one score, that would be acceptable. Fannie and Freddie do not require you […]

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