Julie

"Georgia Dream, FHA, THDA, Rural Development Loans"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Mortgage Investors Group
  • Location:
  • Phone:
  • (423) 285-0516
Julie, in Chattanooga
  • 6 Answers
  • 1 Useful Answer
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Julie's Questions (1)
Julie's Answers (6)
Mike, Home Buyer in Buckhead

My girlfriend and I have terrible credit because we are young. We are both self employed and work together

Asked Wed Apr 9 2008, 11:44 by Mike  -  Atlanta  -  Financing  -  5 answers
Julie answered:
Many mortgage companies now have a credit repair specialist right in their office.
We have one and she has helped my borrowers be able to qualify for government backed loans, such as FHA and Rural Development etc in a matter of months.
It can sometimes reduce your score to pay off certain debts and collections, its best to speak with a an accredited credit repair specialist before you do anything with your credit.

Julie Oliver
Mortgage Investors Group
423 285 0516 - Thu Jul 31 2008, 17:00
Kelli, Home Buyer in Lawrenceville

My husband and I are looking to buy a home in 4 months. We have ok credit (fico 650-690) but our problem is

Asked Mon Jul 28 2008, 13:39 by Kelli  -  Atlanta  -  Financing  -  15 answers
Julie answered:
Depending on your income you may qualify for an interest free 2nd mortgage.
This is a State back program that will pay your down payment up to $20000 down with -0- interest and you don't have to pay it back unless you sell the home in the first nine years.

Julie Oliver
Mortgage Investors Group
423 285 0516 - Thu Jul 31 2008, 16:52
Bruce, Home Buyer in Woodland Hills

FHA loan with 3% down payment. So why do will still need to come up with a PMI (20% down payment)?

Asked Thu Jul 31 2008, 11:09 by Bruce  -  Woodland Hills  -  Home Buying  -  13 answers
Julie answered:
You only need 3% down with an FHA loan. The State of Georgia and Tennesse also offer assistance programs for qualified buyers that will pay your down payment for you, up to $20,000 on an intererst free 2nd mortgage for one.

Julie Oliver
Mortgage Investors Group
423 285-0516 - Thu Jul 31 2008, 16:46
Rebound, Home Buyer in Maryland

Is it possible to get a $160K loan for a purchase after a recent foreclosure?

Asked Wed Jul 23 2008, 22:45 by Rebound  -  30328  -  Foreclosure  -  8 answers
Julie answered:
All these answers seem harsh, Lending did get way off track in the last 10 ten years with the non conforming and arm loans. All those programs are long gone now and in the past 12 months more and more programs have dissappeared . Now it's like the good ole days again where borrowers actually have to qualify and have a down payment. The good news is that after your foreclosure is behind you for three years you could qualify for a government back loan, such as FHA and you would only need limited credit they will even let you use your light bill as a tradeline, also as little as 3.50% for a down payment.. They still have minimum credit score guidelines so you will have time to work on your score. Most companies are hiring credit repair specialist to help guide their customers so they will be ready to purchase by the time they find the perfect home.

Julie Oliver
Mortgage Investors Group
423 285 0516 - Thu Jul 31 2008, 16:34
Mrsmassink, Home Buyer in Massachusetts

I am purchasing a foreclosure property that I will use as my primary residence. I am putting 5% down, and my

Asked Wed Jun 25 2008, 08:05 by Mrsmassink  -  Massachusetts  -  Home Buying  -  10 answers
Julie answered:
Danni,
Right now 100% loans are available using the down payment assistance programs still available.
Meaning you can get into an FHA loan right now with -0- down. Congress however has just passed a bill that will go into effect in October requiring buyers to pay 3.5% down. The Georgia Dream Homeownership Program will assist buyers with down payments and reduced rates. - Thu Jul 31 2008, 15:55
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