How To Buy A House With Zero Money Down...

 We are helping alot of people with this no money down program...

Most Down Payment Assistance is tied to your income.  If you make too much money you don’t qualify for the Down Payment Assistance.

Not this one.

It doesn’t matter how much you make.

So, if you have at least a 600 credit score, and you have been working for the last two years, you may well be able to qualify for this no money down loan.

Here are some bullet points on this program…

Minimum 600 FICO
Standard 30-year fixed rate FHA first lien
No First-Time Home Buyer requirement
No Income Limits
Easy Underwrite!

So, if you or someone you know wants to buy a house, reach out to our office and let’s see if we can get you qualified for this program.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

No Money Down For This Financing Option When You Buy A House...

 Would you like to buy a nice home in the country or an outlying suburb with no money down?

Here’s a program that might work for you…

It’s called USDA, and here are some details on this program…

-Up to 100% of the Appraised Value – Total LTV of 102% –

-Difference of sales price and appraised value can be used for closing cost

-No Down Payment Required

-No Cash Reserve Requirement. No cash contribution requirement

-Unlimited seller concessions

-Unrestricted gifts, not necessary to document source, no seasoning

-First time home buyers allowed, but not limited to first time home buyers

-Non-traditional credit may substitute for lack of credit history

-Repair Escrow financed in loan up to $10,000 or 10% of loan

That’s it!

If you or someone you know needs this program, have them give our offices a call.

Have a good day today!  …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog

This No Down Payment Program Is Generating A Lot Of Interest...

 

Most Down Payment Assistance is tied to your income.  If you make too much money you don’t qualify for the Down Payment Assistance.

Not this one. 

It doesn’t matter how much you make.

So, if you have at least a 600 credit score, and you have been working for the last two years, you may well be able to qualify for this no money down loan.

Here are some bullet points on this program…

• Minimum 600 FICO
• Standard 30-year fixed rate FHA first lien
• No First-Time Home Buyer requirement
• No Income Limits
• Easy Underwrite!

So, if you or someone you know wants to buy a house, reach out to our office and let’s see if we can get you qualified for this program.

 

That’s it for today!

 

Thanks for reading!

 

Brett

 

Get Pre Approved For A Loan Here
My Previous Blog

 

 

 

How An Owelty Loan Works With Your Divorce...

 In Texas we have some unusual rules when it comes to getting cash out of our homes.

For owner occupied residences, we are limited to 80% max loan to value ratio.

When it comes to a divorce, if one spouse is keeping the house they will often have to pay the departing spouse their share of the equity in the home. A cash out mortgage is often necessary to get this done.

However, the traditional Texas Home Equity loan could make that difficult due to the cap at 80% of the available equity.

Enter the Owelty loan. This is specifically for a divorce where cash is needed to pay the departing spouse. You can get cash out to pay off the departing spouse, even if the loan amount exceeds 80% LTV.

You would simply have the attorney handling the divorce work up an Owelty Agreement as part of the decree.

Not many loan officers know this loan exists, so if you find yourself in this situation – give our office a call. We can help you!

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

 

New 2024 Max Conventional Loan Limit Is Going Up...

 The 2024 conforming loan limits are going up to $750k.

This is good news.  Conforming loans carry a lower interest rate and lower down payment than Jumbo loans.

If you have a loan you would like to see current market pricing on please let us know and we'll get you some numbers.

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

How To Pull Cash Out Of Your Rental Property With No Income Documentation...

 Do you have investment property, and would like to pull cash out of your property?

However, for some reason you can't provide income documentation to your lender to get a cash out loan.

We have solutions!

We have loan programs that will allow you to pull cash out of rental property with no income documentation at all.

If this applies to you or someone you know, reach out to us and let's see how we can help you.

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Don't Do This If You Are Applying For A Loan...

 Mortgage tip: If you are about to get into the loan process to buy or refinance a house – don’t go out and buy things on credit.

It sounds simple, and you would think most people would know this without being told.

I have a loan right now where a borrower got himself into trouble from doing just this very thing.

There are two possible complications: 1) You have to explain the inquiries on your credit., and 2) It will raise your debt to income ratio if you take on additional credit.

So, while you are in the loan process – don’t apply for anything that would involve credit (appliances, lawn equipment, etc.).

That’s it for today.

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

You Have To Know This When You Buy A House...

 

One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment.

This is called “sourcing down payment funds”.

For instance, the down payment on an FHA loan is 3.5%.

You can have this money in your checking account or savings account now. You can borrow it from your retirement account. …You can even get the down payment as a gift.

…but, it’s crucial that we are able to show where it’s coming from.

I can tell you that cash is a problem when it comes to sourcing your down payment. You will need to put it in the bank and leave it for 60 days before we can use it.

If you aren’t sure where your down payment is coming from – find out now. …before you apply for a loan.

That’s it for today!

Have a good day today!  …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Free Grant Money Available For Your Down Payment If You Are In One Of These Categories...

 If you or someone you know falls into one of these categories we have free grant money available for your down payment.

• Professional educators, which includes the following full-time positions in a public school district: school teachers, teacher aides, school librarians, school counselors, and school nurses
• Police officers and public security officers
• Firefighters and EMS personnel
• Veterans or active military
• Correction officers and juvenile corrections officers
• Nursing faculty and allied health faculty

If you would like to see if you are eligible for this grant money - just reach out to me or our office and let's see if you qualify.

That's it for today!

Thanks for reading!

Brett

 

Get Pre Approved For A Loan Here
My Previous Blog

Only 10% Down For ITIN Loans...

 

Did you know we can do ITIN loans up to 90% loan to value ratio?

An ITIN number is issued by the IRS to non-resident aliens who are not eligible to receive a social security number.

If you or someone you know are interested in how to qualify for a 10% down loan as an ITIN borrower – just give our offices a call or shoot us an email.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Know This Before You Start Looking For A House...

 One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment.

This is called sourcing in the mortgage industry.

You can have this money in your checking account or savings account now. You can borrow it from your retirement account. …You can even get the down payment as a gift.

…but, it’s crucial that we are able to show where it’s coming from.

I can tell you that cash is a problem when it comes to sourcing your down payment. You will need to put it in the bank and leave it for 60 days before we can use it.

If you aren’t sure where your down payment is coming from – find out now. …before you apply for a loan.

That’s it for today!

Have a good day! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Know This Before You Start Looking For A House...

 One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment.

This is called sourcing in the mortgage industry.

You can have this money in your checking account or savings account now. You can borrow it from your retirement account. …You can even get the down payment as a gift.

…but, it’s crucial that we are able to show where it’s coming from.

I can tell you that cash is a problem when it comes to sourcing your down payment. You will need to put it in the bank and leave it for 60 days before we can use it.

If you aren’t sure where your down payment is coming from – find out now. …before you apply for a loan.

That’s it for today!

Have a good day! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog