Need mortgage broker

Asked by evajx, Houston, TX Mon Apr 29, 2013

I am self-employed, own same business for 7 years, moved to TX 18 months ago. Looking for purchase a house at 400k in Katy, can put down up to 40% down-payment, fico score around 760. As all self-employed small business owner, income on tax return is relatively low, wondering what my options will be, looking for a mortgage broker understanding my situation.

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Anna Maria D…, Mortgage Broker Or Lender, Houston, TX
Mon Apr 29, 2013
We have a lender who uses only 1 yr of self employed income to qualify instead of 2 and no deduction on unreimbursed business expense when calculating debt to income ratio if that would help your situation.

Anna Maria Durr, NMLS 266699
Codemark Financial
2626 Richmond Ave., Houston, Texas 77098
1 vote
Christina Ha…, Other Pro, Morristown, TN
Mon May 6, 2013
What is your AGI on your tax returns.. This is what will be used to calculate your income. You may also want to get in contact with Keith Goeringer a mortgage broker with Primary Residential Mortgage. He is very quick. He's online so simply google him.

Have a great day;

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit
Ex-Mortgage Broker of more than 10 years
0 votes
Neal Davis, Mortgage Broker Or Lender, Houston, TX
Tue Apr 30, 2013

If in fact the business is still operating with you moving to Texas, you would be to show income of approximately $50,000 to $55,000* per year to qualify to a Fannie or Freddie mortgage with a 30 year term.

It is important to let a Mortgage Banker the option to review your tax returns. Many self-employed individuals utilize deductions, which we can add back to your income.

I have been a mortgage banker for the past 20 years and I am very familiar with self-employed borrowers.

* 60% LTV, APR 3.46%

I would like the opportunity to discuss your situation.

Neal Davis
Republic State Mortgage
Senior Mortgage Banker
NMLS: 213826
0 votes
Arnold Richie, Agent, Houston, TX
Tue Apr 30, 2013
Your "situation" is no uncommon. You just need a mortgage broker that understands self-employed. With 40% down and high credit score, there are MANY options. If you are legitimately looking, contact me or contact:

Terry Burnaman
NMLS# 284480

0 votes
John Broussa…, , Houston, TX
Mon Apr 29, 2013
With low income on tax returns there is a debt to income ratio problem. The only option is a private money loan. We offer private money loans in the Katy area with 30% Down. For more details give me a call @ 713-777-9996 EXT 103

John Broussard
Newbridge Investments
713-777-9996 EXT 103
0 votes
Gail Levin, Agent, Houston, TX
Mon Apr 29, 2013
Here are a couple I work with: Frank Ferrara, Hometrust Mortgage 713-369-4016 and Cassandra Hurst, onQFinancial, 832-859-2645 - Please tell them I referred you.
0 votes
Diane Schrak…, Agent, Houston, TX
Mon Apr 29, 2013
Hey Evajx,

Amelia Graham 713-503-5449 with Security National Mortgage can help you with your loan! She is absolutely wonderful!

When you are ready to look for a house, I would be honored if you picked me to be your real estate agent. I have been selling real estate for 9 years and have been acknowledged in the Texas Monthly Magazine for 3 years now as a Five Star Real Estate Agent. Less than 2% of agents in the Houston market receive that status. The award is based on a survey given to my past clients on how well I did as their agent. My contact information is below. I hope you choose me! I would love to represent you!

Diane Schrakamp
Total Real Estate Services
0 votes
Josh Marks, Mortgage Broker Or Lender, Chicago, IL
Mon Apr 29, 2013
Hey Evajx,

I would need to take a look at the income on your tax returns. Please give me a call or email. I am available nights and weekends as well.

Warm Regards,
Josh Marks
0 votes
Connie Holmes, , Houston, TX
Mon Apr 29, 2013
Call Jed Arnett with Bank of Texas, they are a direct lender. His cell is 832-606-2117. They have the lowest rates and lowest fees. I refer all my clients to him.
0 votes
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