No Money Down On This Program When you Buy A House...

 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!

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No Down Payment, Even With Challenged Credit...

 Did you know even if you have “challenged” credit you can still get a low down payment loan to buy a house with FHA?

 

We can do down payments as low as 3.5% down to a 580 credit score!

And, we have several down payment assistance programs to help you too.

So, if you or someone you know is wanting to buy a house, but they aren’t sure about their credit – let us take a look.  We can possibly help them right now.

Thanks for reading!

Brett

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How To Buy A House With No Down Payment...

 According the NAR 2023 Profile of Homebuyers and Sellers, the median length of time buyers waited to buy a home while saving for the down payment was four years!

The buyers were asked what expenses made saving for a down payment difficult:

52% reported high rent or a current mortgage payment

 

42% said student loans

 

36% cited a car payment

 

31% cited credit card debt

It’s hard to save money in the current economy. But a family that can responsibly manage their cashflow is far better off owning versus renting.

Fortunately, you don't need to wait four years to save for a down payment if you want to buy a house today - we have multiple no down payment options for buyers.

Contact our offices and see what we can do for you.

That's it for today.

Thanks for reading.

Brett

Get Pre Approved For A Loan Here
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Some Veterans Don't Know They Are Entitled To 100% Financing...

 According to USA Today, only 30% of veterans know they can buy a home with no money down.

That number just seems crazy,but apparently there’s a lot of heroes out there that are unaware they are entitled to 100% financing as a benefit when buying a house!

BTW, the TX Vet rate is the same down to a 620 fico score for FHA, VA, and Conventional loans!

Today’s rate for Veterans with a 30% disability rating is 5.9% (face rate).

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
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How A Bank Statement Loan Works...

 These loans are designed for self employed people that have trouble proving their income through traditional means.

Very simply we take the aggregate deposits of your bank statements (can be personal or business) and use this for your income.

Variables of Bank Statement loans…

24 Months of bank statements.

12 Months of bank statements.

2 Months of bank statements.

1 Month bank statement.

The reason we offer multiple options for months is that sometimes a 12 month average won’t work as good for the borrower as one month.

We offer down payments as low as 10% on owner occupied bank statement programs.

We also offer multiple ways of calculating deposits, which is very helpful if there are issues with one calculation method.

Rates on these programs are usually only modestly higher than normal conforming rates.

If you or someone you know may benefit from this loan to purchase or refinance a house, please reach out to our offices.

Thanks for reading!

Have a great day!

Brett

Get Pre Approved For A Loan Here
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No Money Down On This Loan...

 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
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Surprising Facts About FHA Loans...

 We help alot of borrowers with FHA loans.

 

Here are some interesting facts about FHA loans, and why they are so popular...

 

• FHA loans make up over 80% of 1st time buyer mortgage
• 73% of 1st time buyers over 95% LTV and under 680 fico use FHA
• The average credit score in TX is a 681
• By the numbers…a $289K FHA loan with a 680 fico will save a borrower $111 per month vs a conventional loan with PMI
• Over 80% of TSAHC DPA loans are FHA thanks to flexible terms!

 

If you or someone you know wants to purchase a house contact our office to see how we can help you.

 

That's it for today.

 

Thanks for reading!

 

Brett

Get Pre Approved For A Loan Here
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