Financing in 50 states; FHA, 203k, VA, Stated, Hard Money, Foreign National, Written
Verification of Employment, Super Jumbo to 20 Million and
Commerical.
Ask about our Gov. Grants up to $25,000 for downpayment and closing costs for anyone who quailifies. Our Program for Military, Teachers-Kindergarten thru 12th Grade, Police, and Fire/EMT get 50% off the purchase price thru a free Gov. Grant as well. Both programs allow you to get 103% financing!
VA Loans 100% Financing
FHA Loans 96.5% Financing
Conventional 95% Financing
What Buyers want in their
FHA loans:
A "comfortable mortgage payment" a Good Deal
A
smooth transaction
To understand what and how it works.
The most common phrase home buyers repeat: "I don't want surprises"
and "Is this the right fit for me?"
FHA
620 FICO 96.5%LTV
600 FICO 90% LTV
580 FICO 85% LTV
560 FICO 80% LTV
540 FICO 75% LTV;
Stated Income/Verified Assets 60% LTV to 2M;
Written
Verification of Employment 80% LTV;
Foreign National 75% LTV;
No
Income/Verified Asset 50% LTV, Rate 7-8%;
Hard Money
70% LTV Rate 9.5%-10%;
Rehab Loan 620 FICO 95% LTV;
Fha 203k
Financing has been around for over
3
decades. It allows for both purchase and renovation to be financed all
within one Loan. It's timely resurgence is beggining to build momentum.
Think of it as the "Perfect Godzilla of all Storms"
What Buyers want is Value.
They ALL WANT to purchase a home with:
A Comfortable Mortgage Payment
equity
already built in (buying below market)
A home that they can be
proud of (features that appeal to them,
ie... a large kitchen for instance)
FHA 203K loan the "Godzilla of
Storms?" In
what kind of Market would a low down payment renovation loan be
tantamount in? hmmm... let's see.....
foreclosures are on the
rise (many homes left uncared for and vandalized)
low inventory
of "move in condition" are creating competition
(multiple contracts), leaving the other inventory sitting on the market
and growing in numbers on a daily basis. Supply and Demand leveraging
towards buyers that use the "K" loan to purchase homes at bargain prices
many
homes that are in "move in condition" need THOUSANDS of dollars
for updates or near future repairs or replacements (such as roof,
air conditioning system, furnice)
More Reason why home buyers are using
the 203k loan today......
Sick and tired of loosing out on
their offers
they finally found a
loan officer that knows how to do this loan
homes in the area that they prefer needs this
financing
