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Financing in Atlanta : Real Estate Advice

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  • Local Info354
  • Home Buying1K
  • Home Selling141
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Activity 306
Thu Jul 20, 2017
Thomas Martin answered:
http://www.fhamortgageprograms.com/stated-income-loans/
GEORGIA STATED MORTGAGE LENDERS SUMMARY!
24 months’ personal bank statements (Personal and Business)
No tax returns required
Bank statement deposits used to qualify
Loans up to $2 million
Credit scores down to 600’s
Rates starting in the low 5’s
Up to 85% LTV
DTI up to 50% considered
Owner-occupied, 2nd homes, and investment properties
2 years seasoning for foreclosure, short sale, BK, DIL
Non-warrantable condos considered
Jumbo loans down to 660 score
5/1 ARM or 30-year fixed
No pre-payment penalty for owner-occ and 2nd homes
SFRs, townhomes, condos, 2-4 units
Seller concessions to 6% (2% for investment)
2 year self-employed required
... more
0 votes 12 answers Share Flag
Mon Jul 10, 2017
Thomas Martin answered:
Min 3.5% down payment minimum 580 fico or 10% down with a 550 fico. Seller paid closing cost up to 6%. Gift from family OK! Georgia FHA mortgage lenders can approve you purchase a Florida home 3 years after a foreclosure, 2 years after a chapter 7 bankruptcy and 12 months after a chapter 13 bankruptcy. Please Note- The 3 year waiting period after a foreclosure starts when the title/deed is transferred out of your name

http://www.florida-mortgage-lenders.com/bad-credit-mortgage-fl/81-articals/3597-3-5-georgia-fha-va-mortgage-lenders-min-580-fico.html
... more
0 votes 7 answers Share Flag
Mon Jun 12, 2017
Mark Howe answered:
Bank of America offers a great Doctor Loan program for 5% down on loan amounts up to $1 million with No PMI. Only requirement is to be an MD or Dentist and have good credit.

Any clients looking for further information on our Doctor Loan program, please feel free to contact me directly. My email address is markhowe@bankofamerica.com

Our Doctor Loan Program has numerous advantages:

-5% down on mortgages up to $1 million
-10% down on mortgages up to $1.5 million
-Start your new job up to 60 days after closing (for salaried applicants)
-Student loans in deferral don't count against your qualification
-Interest rates that are extremely competitive

Mark Howe
Senior Loan Officer
Bank of America
NMLS # 870634
Phone: 360-643-1471
Email: markhowe@bankofamerica.com
... more
0 votes 17 answers Share Flag
Tue May 30, 2017
Melvin List answered:
Yes!


We have a conventional loan with 3% down but the lender helps with 2%.
We also have a Zero down FHA loan. The lender pays the down payment with a Second mortgage depending on your income. ... more
0 votes 12 answers Share Flag
Tue May 30, 2017
Annaroberts2006 answered:
Greetings!
My Husband and I bought our home almost eleven years ago and since then we have learned we are in need of a new roof before it's too late to save our home. We both have very bad or should I say poor credit. How would we go about getting a loan or help with this cause we don't just have $$ in our pockets. We both have inquired debt from medical bills, and some is where I was employed with very limited hours. This causing us to fall behind on our bills. Any info, would be great. I'm thinking of a home equity loan with my parents (who have unbelievable good credit). Any ideas?? ... more
0 votes 11 answers Share Flag
Mon May 29, 2017
Thomas Martin answered:
GEORGIA FHA MORTGAGE LENDERS MAKE QUALIFYING EASIER BECAUSE:
580 required for 96.5% financing or 3.5% down payment FHA mortgage Lender approvals.
500 required for 90% financing or 10% down payment FHA mortgage Lender approvals.
http://georgia-mortgage-lenders.com
... more
0 votes 23 answers Share Flag
Mon May 22, 2017
Thomas Martin answered:
We do stated home loans with 12 or 24 months bank statments down to a 600 fico!
http://www.fhamortgageprograms.com/stated-income-georgia-mortgage-lenderseasy-approvals/
0 votes 18 answers Share Flag
Sun May 21, 2017
Thomas Martin answered:
http://georgia-mortgage-lenders.com/
GEORGIA FHA MORTGAGE LENDERS MAKE QUALIFYING EASIER BECAUSE:
12 months after a chapter 13 Bankruptcy FHA mortgage Lender approvals!
24 months after a chapter 7 Bankruptcy FHA mortgage Lender approvals!
3 years after a Foreclosure FHA mortgage Lender approvals!
No Credit Score Georgia FHA mortgage Lender approvals!
580 required for 96.5% financing or 3.5% down payment FHA mortgage Lender approvals.
500 required for 90% financing or 10% down payment FHA mortgage Lender approvals.
Bad Credit with minimum 500 FICO credit score with 10% Down Payment FHA. For FHA mortgage applicants with credit scores between 500 and 579 must make down payments of at least 10% down!
... more
0 votes 15 answers Share Flag
Tue May 16, 2017
Durham.kendra answered:
My Loan Is Your Loan has a direct lender who works with buyers down to a 550 fico score for FHA and VA purchase loans. 580 and above are the big scores if you only want to put 3.5 percent down, anything below 580 you will need 10% down to purchase. They do offer VA loans for veterans down to a 550 credit score with no down payment needed.A mortgage broker who works with your bank or lender will always have a better rate and I mean a half percent to .75% of a lower rate. Its like using a insurance broker to get you the best quote out of State Farm, Geico, and etc. They will be able to get you a lower policy cost per year and lower deposit. Buyers with excellent credit should check them out to see pricing from Quicken and Wells Fargo its a half percent lower closing a loan with them. You can call 214-797-3479 or go to http://www.myloanyourloan.com to see all conditions to apply. ... more
1 vote 10 answers Share Flag
Mon May 15, 2017
Thomas Martin answered:
http://www.fhamortgageprograms.com/ga-va-mortgage-lenders/
We provide GA va loans down to a 580 fico!
0 votes 15 answers Share Flag
Wed May 10, 2017
Jerron Zoom-zoom Johnson asked:
I have a middle score of 616, 30k down payment with additional 10k for reserve. 5 collection account, 2 are medical. The 3 non-med collections total $1069. A repossession from 2010, 7k balance.…
0 votes 0 Answers Share Flag
Wed Apr 26, 2017
Melvin List answered:
Yes other lender have 90 or 95% down Jumbo programs. I would reach out to a local broker and start asking questions. I would love to help but only lend in Florida.
0 votes 31 answers Share Flag
Thu Mar 2, 2017
Scott Smith answered:
This deal is rather simple and easy to handle if you can provide a HR contact to verify your previous work history and document any transfer of funds being used for this transaction. I recently closed a couple relocating from Japan who had trouble receiving financing with other lenders because most lenders require 30 days on the new job and paystub prior to closing. We were able to close their loan with a Offer letter so the couple was able to close and move in their new home immediately without being displaced one day. For a free consultation or quote please feel free to contact me anytime.

Scott Smith
Caliber Home Loans
770-912-0927
Scott.Smith@caliberhomeloans.com
... more
0 votes 2 answers Share Flag
Wed Feb 8, 2017
Dn1818 answered:
when refinancing a mortgage in GEORGIA without a change in ownership, it is necessary to open an Escrow ?
0 votes 11 answers Share Flag
Mon Feb 6, 2017
sandy asked:
Wed Jan 11, 2017
Jeri Patrick answered:
Please feel free to visit my website for lender information jeripatrickteam.com
0 votes 16 answers Share Flag
Mon Nov 7, 2016
Nlikens1411 asked:
I have been paying for more than 24 months consecutively. I'm disabled and will never be able to go back to work. (let lone pay off the arrears) But my support payment are modified…
0 votes 0 Answers Share Flag
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