Thomas Martin

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Thomas Martin, in USA, Mobile
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About Me
Providing financing homebuyers and homeowners, offering a wide range of programs including FHA, Conventional, Sub prime and hard money loan placement of Good Credit and Bad credit loans.
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Thomas Martin's Questions (1)
Thomas Martin's Answers (137)
Tammy, Home Buyer in Margate

Is down payment assistance still available through government grants in Florida?

Asked Tue Oct 14 2008, 15:32 by Tammy  -  Margate  -  Financing  -  5 answers
Thomas Martin answered:
Yes there are government and earned income programs available for those who do not have a downpayment to purchase a home. I would be more than happy to get you pre approved and show you where to get the downpayment. I can be reached at http://www.fhamortgageprograms.com/




http://www.fhamortgageprograms.com/faq/fha.shtml - Sun Nov 2 2008, 04:12
Bene, Home Buyer in Baltimore

how good is the FHA loan.?

Asked Fri Nov 16 2007, 18:15 by Bene  -  All locations  -  Financing  -  3 answers
Thomas Martin answered:
The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Here are just some Examples of how FHA can help you buy a home,

Minimal Down Payment and Closing Costs.

Downpayment less than 3% of Sales Price
100% Financing options available
No reserves or required.
FHA regulated closing costs.
Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
No minimum FICO score or credit score requirments.
FHA will allow a home purchase 2 years after a Bankruptcy.
FHA will allow a home purchase 2 years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines such as:
Higher Debt Ratio's than other home loan programs.
Less than two years on the job is allowed.
Self-Employed individuals o.k.


Here are some FHA Questions and Answers

http://www.fhamortgageprograms.com/faq/fha.shtml - Fri Oct 17 2008, 17:41
Meg, Home Buyer in Minneapolis

Question removed

Asked Wed Jul 30 2008, 09:09 by Meg  -  Minneapolis  -  Home Buying  -  8 answers
Thomas Martin answered:
A seasoned FHA mortgage company should know weather it was an FHA approved association or not. As for your down payment, with FHA if your not approved or the property does not appraise your not required to follow through with the sale and you will get your down payment back. That should have been in the disclosures that the broker gave you to sign. - Fri Oct 17 2008, 17:38
Tony, Home Buyer in

FHA or Conventional?

Asked Sun Jul 13 2008, 21:13 by Tony  -  All locations  -  Financing  -  6 answers
Thomas Martin answered:
Your best bet is going FHA becasue FHA loans only require a 3% downpayment and the seller even the bank can pay up to 6^ to cover your closing cost and prepaid taxes, insurance ect. - Fri Oct 17 2008, 17:34
mrsdryone, Just Looking in

FHA Houses

Asked Tue Aug 28 2007, 11:34 by mrsdryone  -  Philadelphia  -  General Area  -  5 answers
Thomas Martin answered:
In a nut shell for the home to be approved for FHA financing the house must be in liveable habitable condition. Only consmetic repairs nothing major. - Fri Oct 17 2008, 17:32
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