How To Get A Loan With Foster Care Income...

 If you receive money from the State or a County sponsored organization for providing foster care for children you can use this money as income to get a mortgage.

Foster care income is considered acceptable stable income as long as the borrower has a 2 year history of providing foster care services.

To prove this income we would need…

• Letters from the organizations providing the income.

• Copies of the borrower’s signed federal income tax returns that were filed with the IRS, or

• Copies of the borrower’s deposit slips or bank statements that confirm the regular deposit of the payments.

That’s it for today!

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

Brett

Get Pre Approved For A Loan Here
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How To Get A Loan With Foster Care Income...

 If you receive money from the State or a County sponsored organization for providing foster care for children you can use this money as income to get a mortgage.

Foster care income is considered acceptable stable income as long as the borrower has a 2 year history of providing foster care services.

To prove this income we would need…

• Letters from the organizations providing the income.

• Copies of the borrower’s signed federal income tax returns that were filed with the IRS, or

• Copies of the borrower’s deposit slips or bank statements that confirm the regular deposit of the payments.

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

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

 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
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How To Buy Rental Property Without Proving Income...

 I wanted you to know about a mortgage program that doesn’t require any income documentation when purchasing an investment property.

It’s called a Debt Service Coverage Loan.  And, the rent from the property is the only income you need.  No tax returns, or paystubs needed.

Down payment on this program ranges from 10% to 20%.

If you are looking to acquire an investment property – contact our offices and we can get you some numbers on your situation.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
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No Down Payment? No Problem...

 The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll ever own a home, up from 27% a year ago.

35% of renters noted the ability to save for a down payment as a major hurdle preventing homeownership.

The good news is that we have a solution.  We have many no down payment options down to a 600 credit score for you!

If you or someone you know needs help with a down payment, reach out to our office and let's see if we can help you.

 

That's it for today!

 

Thanks for reading.

 

Brett

Get Pre Approved For A Loan Here
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Free Down Payment Money Available For These Professions...

 I wanted to let you know we have a 2% to 5% downpayment and closing cost assistance program called “Homes for Texas Heroes”.

If you are in one of the following professions you may qualify for this purchase program:

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 or someone you know may need this program, just reach out to our office and we’ll see if we can help.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Free Down Payment Money Available For These Professions...

 I wanted to let you know we have a 2% to 5% downpayment and closing cost assistance program called “Homes for Texas Heroes”.

If you are in one of the following professions you may qualify for this purchase program:

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 or someone you know may need this program, just reach out to our office and we’ll see if we can help.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Fix And Flip Financing Is Available For You...

 Wanted to let you know we have fix and flip financing available to you.

Here are some bullet points..

Lending Term: 12-18 Months. Extension options available
Property Types: SFR, 2-4 Unit and Multifamily up to 30-Units
Loan to Cost: Up to 80%
Rehab/Reno Financing: Up to 100%
Closing Time: As Fast as Two Business Days With Clear Title & Appraisal
No income check, tax returns or work history required
Foreign Nationals Accepted

If you or someone you know needs quick financing please reach out to our offices to see if we can help you.

That's it for today!

Brett

Get Pre Approved For A Loan Here
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How A Delayed Financing Loan Works...

 If you purchased a home using your own cash, and now would like to pull your cash back out – we can do that.

This type of loan is called ‘delayed financing’.  …and, you can get your cash back out of the house.

In fact, we do these types of cash out loans up to three million dollars.  Many companies won’t lend cash out over 500k, but we do!

…so, if you are in need of a loan like this – shoot us an email or give us a call.  We can help!

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
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Here's One Way To Reduce Your Stress Levels...

 If you are carrying credit card debt the payments can be overwhelming.

On average, for every $10,000 of credit card debt your payment would be around $300 a month.

Something to consider…

Get cash out of your house to pay off all your credit card debt.

The payment on adding $10,000 to a thirty year mortgage at a 6.5% face rate would be $63, saving you $237 a month for every $10,000 of credit card debt you have.

This would alleviate stress in your life.  Less stress = happier life.

If a debt consolidation loan makes sense for you, or someone you know – please reach out to our office 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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How You Can Save Thousands Of Dollars When You Buy A House...

 If you haven’t owned a home in the last three years and you want to purchase a home you should consider the MCC tax credit.

How MCC works in a nutshell…

You take 20% of the mortgage interest you pay each year – and you are allowed to claim that 20% as a dollar for dollar tax credit against whatever income taxes you pay that year.

The cool part is you can do this every year you are in the house.

The net savings to you would be thousands of dollars over that time frame.

Very few people use this, but it’s available to all first time home buyers that qualify.

If you or someone you know might benefit from the MCC tax credit – contact our offices and see if you qualify for it.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog