One Time Close Construction-to-Permanent Loan
We are excited to announce the addition of a Construction to Permanent loan that only requires one closing.
Credit Score Minimum
What are the minimum credit scores required for each of the loan products we offer? We can approve a lower credit score than most lenders and banks because we look at the whole credit history. A credit score is just one of the factors that show if a person is responsible with the debt obligations …
Credit Dos and Don’ts for Home Buying
Everyday is an opportunity to put yourself in a better position to purchase a home. One way is by putting into action these Credit Dos and Don’ts. Most everyday, or at least several times each month, you have the opportunity to make good or bad decisions regarding your credit. Every car loan, furniture or other …
Cash to Close
How much money will I need to buy the house or bring to closing? That’s a great question and one that I hear often prior to even getting pre-approved for a home loan. Each situation is different and the amount will be determined by a variety of factors. The amount can be as little as …
ASSETS and CREDIT
What preparations and planning are you doing to buy your first home during this market of low interest rates and low house inventory? Two of the main hurdles I commonly see preventing people to delay purchasing is CREDIT and ASSETS. Credit scores can usually be improved with some simple tweaks. Paying every debt obligation on …
Pre-Qualified vs Pre-Approved
What is the difference between being pre-qualified versus being pre-approved for a home loan? Pre-qualified is no more than a loan officer asking some questions regarding your income, debt, what you think your credit score might be, and what information might be on your credit report. And if it looks good enough based on what you tell the loan …
VA Loan Myth #3 – It Takes Forever to Close
False. The VA Loan closes as fast as any other loans and are more likely to close. As with each loan program, the VA loan will have certain requirements that need to be met and documents that will need to be provided. One myth regarding this is that there is more bureaucracy and red tape …
VA Loan Myth #2 – It’s Not A Good Loan Product
False. The VA Loan, in my opinion, the best loan option for those who have earned their entitlement and that qualify. This loan requires no down payment. USDA is the only other loan product that has a 0 down payment available. However, the USDA loan is only available for homes in eligible areas and has …
VA Loan Myth #1 – It Can Only Be Used Once
False. Once you have earned the VA home loan benefit, you have earned it for life. You can use it multiple times for zero down payment, and in some cases, multiple times at once. As a Veteran you can use it as often as needed for your home financing requirements, whether it is to buy …
Car or House?
Make sure you maintain a low debt-to-income ratio by avoiding large purchases. Because a large payment and balance can cause a significant decrease the amount of home that you can buy. Depending on your income, a $400 car payment can decrease your home purchasing power by many thousands of dollars. If you are needing a …
