FHA manual underwriting
All mobile, manufactured and modular homes
100% LTV included 3% downpayment assistance OK family gift OK, or grant money OK. Never FICO driven, Grant Money Available, Seller’s contribution up to 6%, Seller’s Gift – OK.
# FANNIE MAE LOAN- FULL DOC
5% downpayment, grant abailable to cover downpayment and closing closing cost. Refinance, cashout, purchase ok.
purchase need 660+ to get 100% loan. Under 660+ need 5% downpayment.
Refinance need 600+ to get 95% loan.
First time home buyer ok, bad credit ok but need few months restoration program to work on credit repair http//:www.vrtechmarketinggroup.com/Djen2
# FHA downpayment assistant (DPA) -
The Max house price can not over $135,000. It depends on location per HUD lending guildeline
FHA allow you to get downpayment assistant for the program. The program is ok for ALL people to qualify FHA. You will get 100% finally on FHA loan if you qualify you income and debt income ratio.
THE FOLLOWING IS FOR 2 TYPE DPA
1. GRANT MONEY -
Grant money can pay your downpament and closing close. No need to pay back to goverment and it is grant. It is free application.
Qualifiaction is baed on income, house location and household in the family. You can get anywhere in US. For some area are promoted by goverment with get more grant. In general, $13000-$145000 grant with get per family.
Firefighter, Teacher, EMS and ploice are special grant to $30000-$40000.
The Grant money need to stay house for 5 years before sell the house or penality to prorate.
You don't try, you will never get till you try.
If you need package, please email me.
2. FHA SELLER - FUNDED GRANT PROGRAM STILL ELIGIBLE FOR FHA APPROVAL - NEHEMIAH
http://www.getdownpayment.com/
# FHA REFINANCE-
- SAY GOOD BYE TO ADJUSTABLE MORTGAGE(ARM) - GET REFINANCE TO 97 % LOAN TO THE APPRAISAL VALUE, 30 YRS FIXED LOW RATE.
THE FOLLOWING FHA REFINANCE DON'T HAVE CREDIT SCORE RESTRICTION
1. FHA STREAMLINE REFINANCE - IF YOU CURRENT HAVE FHA LOAN AND NEED TO REFIANCE. NO NEED CREDIT SCORE.
2. VA IRRRL REFINANCE - IF YOU CURRENT HAVE VA LOAN AND NEED TO REFIANCE. NO NEED CREDIT SCORE.
3. FHA HECM - RESERVE MORTGAGE - NO NEED CREDIT SCORE.
# Attention to Job Relocation borrower.
Please make sure the house that you are going to buy is under your budget. if your house located on your previous job site can not sold quick and need longer time on the market. The end up you will pay two mortgage if previous job site house has mortgage. The best is to find some reloaction company who can buy your house before you move to the next house.
100% loan you can get new job site house. and up to 6% seller conrtibution to pay buyer closing cost. Remember, debt income ratio is still need to consider to qualify.
# Loan Program #2
Guaranteed Approval for Clients with 10% Cash
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No SSN – OK , No Credit Score – OK, No Income – OK, No Job – OK, No Green Card – OK, Any Home in America, All 50 States |
How to use mortgage to payoff credit card debt, build retirement money, send kid to college - Free Recorded Message 800-338-4384 Ext 3333
# LOAN PORGRAM #4 -
100% stated commerical loan - office building/warehouse/retail/autoshop
Finally Here
deal for office condos, small businesses looking to buy, & an EASY alternative to tough SBA lending!
® No Money Down!
® Loan amounts up to $1,000,000.00, 5-Year Fixed; 30-Year Amortization, Rates begin in the high 9’s!, Only 25% Owner-Occupancy (SBA requires 51%), Must have a credit score above 680, Lower LTV’s available for lower credit scores,
Eligible Property Types – Office, Warehouse, Retail, Auto Repair, etc. NOT eligible: Multi-Unit Investor and Hospitality
This product is HOT. Simply put, IT IS THE BEST STATED INCOME PRODUCT ON THE MARKET TODAY! PLEASE REMEMBER THAT RATES AND TERMS WILL VARY BY DEAL – THE STRONGER THE DEAL, THE BETTER THE TERMS. And we close these deals quickly, usually within 45 days!
So, if you have any deals that you would like us to look at or if you have any questions or want more information, please give us a call.
# Commerical Loan - up to 100% LTV loan( not CLTV), Yes, 100% loan, stated income, purchase/refinance/construction/ flexible mortgage term. All about cash flow
Automative - Gas station, car washer etc.
Church
Condo/Complex
Hospitality - motel & Hotel
Industrial/ Land
Leisure - Golf Course, Marinas, RV Park etc.
Medical - Hospitals, Clinics, etc
Mixed use
Multi family - Apartment, Hi-rise, Senior/student housing
Office building/ restaurant
Retail - Shopping center/ Malls
Selfstorgaes
Wearhouse
# Loan Program #5 EASY SELL OWNER FINANCIAL NOTE
WE PAY TOP DOLLAR !!!!
Need 625 + credit score, Max LTV 85%, NO Appraisal Need,
1-4 SFR, Townhome, Condo, Mobile Home with Land and Land,
Owner Occupied, Seller Seasoning 1 year,
Title need document on the court,
Buyer seasoning one month or First Payment,
Buy Partial or Full term Note/Deed,
Note will be assumable,
No pre payment penalty,
Fast Closing.
# loan program 6 -
Hard money- Purchase or Refinance or Cashout
Land, Signal Family Residential, Commerical Property. 12 months, 3 yrs, or 5 yrs.
# Residential Construction Loan/ Rehab Loan
credit score need 640+ max loan to 417K, 95% LTV
credit score need 680+ max loan to 650K, 90% LTV
credit score need 700+ max laon to 1 million,80% LTV
# Reverse Mortgage- Q& A
1. Is any income needed to qualify?
While the Fannie Mae form 1009 (reverse mortgage application) does have a place on it for income, no income is required to qualify for a reverse mortgage! And no payments are ever made!
2. Is ‘bad credit,’ or even ‘no credit’ ok?
Credit information is put on the Fannie Mae 1009, but it is not used to qualify for the loan! Remember, no mortgage payments are ever required of the borrower! So, “no credit” is ok! And “bad credit” is ok too!
Credit information is used for reverse mortgage counseling purposes, and to aid in avoiding identity theft.
Why aren’t monthly mortgage payments required of the borrower?
In a reverse mortgage, interest accrues, and is added to the pay-off balance. No monthly principle or interest payments are ever made.
Therefore, the borrower borrows “x” today, and when they pass, “x+accrued interest” is what is paid-off by the heirs.
The heirs do this by either buying the home with cash, buying it with a forward mortgage, or by selling the home.
And remember, the house still has at least 15% equity in it, making a sale very easy!
How old do reverse mortgage borrowers have to be?
All borrowers on title at the time of closing must be 62 years-old or older. “Baby Boomers” are turning 63 this year! Plus, more people were born in 1946, than in the previous 10 years! And now they need reverse mortgages!
3. Can reverse mortgage borrowers ever lose their homes?
No. Reverse mortgages are a safe, government-regulated program, and a senior can never lose their home.
4. Do their heirs get ‘screwed?’
No. In fact, most heirs prefer their family members use the captive equity in their home for living expenses. And, about 50% of the time, the heirs are the ones who ask for information on a reverse mortgage!
Besides, the heirs get the property back, with equity still in it! And they may elect to keep the property in the family, by purchasing the home with a forward mortgage, or with cash from a life insurance policy, or other source.
Besides, reverse mortgage lenders are understanding of a family member’s passing, and do allow adequate time to complete any financing needed for the heirs to purchase the home.
Remember, lenders don’t want houses, they want money.
5. How can reverse mortgage borrowers take their money?
Borrowers can elect a lump sum, a line of credit, a monthly income check, or any combination of the three.
And, the money they receive is not taxable, and will not reduce their Social Security, pension, and MediCare benefits!
Remember, it’s not “income,” it’s their captive equity in their principle residence!
6. Does their house have to be ‘free & clear?
Borrowers can be helped, with a reverse mortgage, even when already owing as much as 85 LTV! Remember, a reverse mortgage can be used to pay-off an existing forward mortgage, and erase their existing monthly mortgage payments!
CREDIT REPAIR-
What is BBB said? www.vrtechmarketinggroup.com/Djen2
# 1031 Exchange-
ATTENTION SERIOUS INVESTOR:
NO MORE PAY TAX ON INVESTMENT PROPERTY EITHER RESIDENTIAL OR COMMERICAL. ALSO, MORE SECRET TO CASHOUT AND PAY NO TAX. HOW ???
EMAIL ME AND I WILL SHOW YOU 1031 exchange package.
# BUILD YOUR OWN GREEN HOME IN YOU LOT OR...BUY A LOT
PAY NO MORE A/C BILL, PAY NO MORE GAS BILL, EVEN PAY NO MORE WATER BILL, IF POSSIBLE, PAY NO MORE GARBAGE BILL(LANDFILL).
SOLAR ENERGY, SOLAR WATER HEATER, HEAT PUMP, GEOTHERMAL, RAIN WATER COLLECTION, WINDMILL, SOLAR SWIMMING POOL, USE SOLAR TO CHARGE FUEL CELL TO DRIVE YOU MOTOR OR GOLF CART.
TAX CREDIT FOR ALL RENEWABLE ENERGY.
WE BUILT GREEN HOME SINCE 1980 FROM CANADA.
STRONG STRUCTURE/STRONG FOUNDATION
WE CAN BUILD BASEMENT, TOO.
YOU CAN GET LOT AND CONSTRUCTION ALL IN ONE LOAN.
# We Pay Cash to Buy Any Condition House Allover US. And we close fast. Help you move forward.
If you need or more information, please call us to help. Do not delay. Call Today 713-261-5241 or email djen99@hotmail.com
Peak Oil http://www.investopedia.com/articles/economics/08/peak-oil-reality.asp?partner=NTU
|
First Time Home Buyers Program: 1-800-792-1119
VA Housing Assistance: 1-800-732-6643
Fannie Mae: 1-800-732-6643
All other housing assistance: email: info@tdhca.state.tx.us www.tdhca.state.tx.us
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| |
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| • VA loans |
| • Fannie Mae |
| • Freddy Mac |
| • Farmer Mac |
When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.
Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there.
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Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.
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