Discover the FHA Affordable program for borrowersSee me for an FHA Mortgage after a Foreclosure, Bankruptcyor Short Sale in the past 12 months. Buy or Refinance after a Foreclosure, Short Sale or Bankrupcy.
The VA Home Loan Guarantee Program helps veterans purchase, refinance, or build homes through VA-approved lenders like Veterans United.Loans are backed up to $417,000 and more in some areas with low
Homebuyers who lost their homes because of recession-induced employment cuts may be able to return to the housing market sooner than they previously thought.The Federal Housing Administration (FHA)
Homebuyers who lost their homes because of recession-induced employment cuts may be able to return to the housing market sooner than they previously thought.The Federal Housing Administration (FHA) recently
See me for an FHA Mortgage after a Foreclosure, Bankruptcy or Short Sale in the past 12 months. Click here to learn moreBuy or Refinance After Foreclosure with low interest rates and home values rising,
Saving up for a down payment can seem nearly impossible for low income home buyers. The Georgia Dream Homeownership Program was created to help buyers like you qualify for down payment assistance. GA Dream
Homeowner’s insurance is commonly called hazard insurance within the real estate and mortgage industry. Hazard insurance reduces the homeowner’s liability, and indemnifies the homeowner against potential
Housing And Urban Development (HUD) has introduced a “Back To Work Extenuating Circumstances” Program for distressed homeowners who have experienced foreclosures, or pre-foreclosures (shortsales)
My husband and I are looking to purchase a hud home but we need help getting started... my husband has a credit score below 600, and I have recently go discharge fro bankruptcy. . Is there a way we can
FREE, no-obligation mortgage quotes: Perpetual Financial Group, Inc. FHA loans are popular among first-time home buyers, as well as those with credit problems and/or a lack of down-payment funds.
It has been a long held tenant of mortgage finance that buyers with limited down payment funds were steered toward FHA financing for their home purchases. That “Conventional Wisdom” has been flipped
The Fair Credit Reporting Act (FCRA) protects homebuyers because this federal law promotes accuracy, fairness, and privacy of information in the files of consumer reporting agencies The three credit
Whether your goal is to buy house this year or do better on your job do you know that going step by step in small increments you can accomplish this? There are studies that support the concept of surrounding
You can get your credit scores by applying for credit (mortgage, auto loan, credit card, etc.) or you can go to the various online websites to get them there - but since everyone wants to know their credit score, and they are willing to pay to find out, that is why you are being charged or are required to sign up for some additional service, as it's coveted information.
You can get a free credit score estimate at http://www.myfico.com/ficocreditscoreestimator/?AID=10436269&PID=2336164 however it's not your actual credit score.
The BEST place to get your credit REPORT is from the official website https://www.annualcreditreport.com and they are free once a year from each bureau (Equifax, TransUnion, Experian).
The BEST place to get your credit SCORE is http://www.myfico.com because that website provides your FICO score, and that is what all of us mortgage lenders use. Other websites out there will sell you your credit score, but it's based on the Vantage credit scoring system, and no mortgage lender uses Vantage credit scores.
Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct... more
Those scores are pretty good, but that is a serious derogatory credit item.
Physician loans are portfolio programs, so the lender is free to implement their own underwriting guidelines, but this also means they can probably make a judgment call on things.
If the rest of your credit otherwise is good and you can provide a good explanation then hopefully this will be OK.
If not then you may have to go FHA. It's 3.5% down and you'll probably have to wait until he starts working. But it's an option nonetheless.
If it doesnt work then try another lender who offers a physicians loan before you give up and go FHA.
Best of luck!... more
Credit score requirements going up and so is the monthly MIP!I shared this article from FHA and Inman News on my business Facebook page to share with my Trulia followers. Hope it helps!For more detailed
I am not aware of any lenders doing a Manual underwrite with no credit score at this time. We will allow the Co-Borrower to not have a credit score so long as the occupant Borrower has a sufficient enough of a credit score.
To generate a credit score, you typically need to have 2-3 trade lines with a 12-24 month history.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more
Set Your Budget When you start browsing real estate magazines and visiting builders’ models, it’s easy to get carried away and fall in love with homes that are far out of your budget. The way to
I meet with a lot of homebuyers, many of them quite young, who want to buy a home. Problem is, they are not ready to buy because of their credit card debt. Things happen in life. Paying for college,