Two quick loan tips…
1) Did you know we can do USDA loans down to a 580 credit score now? …We can!
However, you should be aware that the underwriter will want pretty clean credit over the last 12 months. …No new derogatory activity in the last 12 months.
…and, remember you can do up to 6% seller concessions are allowed on USDA loans!
…and, remember you can do up to 6% seller concessions are allowed on USDA loans!
2) If you are purchasing Investment property in Texas – we finance up to 85% of the purchase price. …You only have to put down 15%!
This program would go up to 417k loan limit in Texas. You would also need a 720 credit score. Max debt to income ratio on this program is 45%, and you will need 6 months reserves.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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