We are mortgage brokers, and as such, we are approved with several of
the best national and regional wholesale lenders available. We are authorized
to do FHA, VA, Conventional, Jumbo, and sub-prime mortgage loans. We have
several ways to complete purchases with zero down. We can even
help arrange financing with zero down and zero closing costs. In
this case, it is much better if we can do the qualifications before an
offer to purchase is made. We can then provide your Real Estate agent
with the information necessary to negotiate your offer.
FHA and VA are still the very best programs for first time buyers who
wish to keep their initial investment to a minimum. They are the only
fixed rate loans left that are fully assumable.
This can be a huge benefit should you want or need to sell your home in
an unfavorable interest rate market. These programs were created especially
to help people acquire their first home and therefore the qualifying guidelines
are more lenient than those necessary for conventional mortgages.
Conventional loans are those up to $275,000. Loans over $275,000 are
called Jumbo loans. Sub-prime loans are designed for those who have had
some credit problems in the past, but are ready and able to buy a home
now. These loans can work well as a temporary solution to help people
own their own home sooner than they could if they were to wait until their
qualifications fit the conventional guidelines.
It is no longer necessary to pay mortgage
insurance. We can avoid mortgage insurance even with zero down.
It is not necessary to pay any points.
You can do your home loan with no points. If you do pay any points, you
should make sure you know exactly what you are getting for your investment.
In the late 1980's, a new kind of mortgage program came on the market.
It was designed especially for self-employed people. Many times the tax
returns of people who own their own businesses or who are independent
contractors of some kind do not truly reflect their real gross income.
We call these programs "stated income" and there are now many
variations available. They are no longer limited to just self-employed
people. For these loans, the income is stated on the application but does
not have to be proven with tax returns or W-2s. The best of these programs
require good credit and bank statements that show deposits that reasonably
relate to the amount of income stated.
All of the dozens of loan choices we have available will also work on
refinances. Click to learn
more on home loan refinances.
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