Foreign Nationals, Stated Income/Verified Assets Program NOW Available In Florida - 08/31/11 11:47 AM

Foreign Nationals, Stated Income/Verified Assets Program NOW Available In Florida

Loan Amounts:
$420k - $1.5M 70%
$1.51M - $3M 60%
(Max Cash Out to $250k)
Current Interest Rates Offered
5 / 1      Arm @ 3.75%
7 / 1      Arm @ 3.875%
10 / 1    Arm @ 4.50%Prepayment Penalty NONEFICO 720+ FICO NO CONSUMER/MORTGAGE LATES LAST 12 MONTHSRESERVES 24 MOS PITIProperty Types: Owner Occupied: Primary, Secondary & Vacation Investment: 1 – 4 unit residential only Condos: FNMA ApprovedProperties Financed:No LimitOwnership Seasoning: NoneBorrowers: Foreign Nationals Allowed (No Green Card OK)Required:Depository Relationship, $100,000 required and May be commenced at … (0 comments)

Realtors? Are You Getting Pre-Approved Buyer Leads Who Are Moving To Your Prospective Areas From Your Loan Officers? - 08/31/11 09:02 AM
Realtors? Are You Getting Pre-Approved Buyer Leads Who Are Moving To Your Prospective Areas From Your Loan Officers? 
If not perhaps you should arm yourself by using a loan officer who has an SEO presence.
Find out which local loan originators are getting the calls from the buyers prior to them making the trip to Florida to find a home. Reach out to these Loan Officers. Often an email is enough to introduce yourself as someone who would like to be added to his/her list of Realtors for your prospective areas. Phone calls and personal one on one meetings don't hurt … (0 comments)

There's A Boat Load of Out Of State Buyers Moving To Florida - 08/31/11 08:57 AM
There's A Boat Load of Out Of State Buyers Moving To Florida
How do I know this you might ask. Well I don't have any inside information or based on statistics data for you to look at; but what I do have is my own personal experiences from my SEO work through the Active Rain Professional Networking Site.
After 14 Months of posting daily blogs on subject matter that scans my 20 plus years of experience as a mortgage broker I have optained the Holy Grail that all professional bloggers covet. I have found my links on virtually every first page … (1 comments)

Choosing The Right Contractor For Your FHA 203(K) Loan - 08/24/11 12:29 PM
Choosing The Right Contractor For Your FHA 203(K) Loan
First and foremost your contractor should be properly licensed and insured. someone Located locally with valid credentials and a solid reputation is what you are looking for. Get bids from several contractors and make sure they are familiar with the FHA 203(K) Loan Processes. You will be working hand and hand with the person you hire so make sure you feel comfortable with them going in. Every project should have a detailed description of materials used along with a payment schedule. The contractor who is familiar with the 203(k) loan process will … (0 comments)

Here Is A Checklist Of The Documents Needed for A Loan Approval - 08/23/11 10:29 AM
Here Is A Checklist Of The Documents Needed for A Loan Approval
 
1. W-2’s and Tax Returns for 2010 and 2009 (all pages/all schedules) Please include corporate returns
    and K-1’s if you own an S or C corporation
2. Last 2 paystubs or award letters for any fixed income, retirement or disability income
3. Last 3 Month’s (or most recent ¼) bank statements (All pages/ all accounts) Including IRA, 401k,
    Pension, Stocks, C-D’s or Mutual Funds
4. Copy of Driver’s license and Social Security Card
5. Current Mortgage Statement, Property Tax Bill and Home Insurance statement … (1 comments)

There's A Boat Load of Out Of State Buyers Moving To Florida's Tampa Bay Area - 08/22/11 02:35 PM
There's A Boat Load of Out Of State Buyers Moving To Florida's Tampa Bay Area
How do I know this you might ask. Well I don't have any inside information or based on statistics data for you to look at; but what I do have is my own personal experiences from my SEO work through the Active Rain Professional Networking Site.
After 14 Months of posting daily blogs on subject matter that scans my 20 plus years of experience as a mortgage broker I have optained the Holy Grail that all professional bloggers covet. I have found my links on virtually … (0 comments)

Realtors? Are You Getting Pre-Approved Buyer Leads Who Are Moving To Your Prospective Areas From Your Loan Officers? - 08/21/11 01:17 PM
Realtors? Are You Getting Pre-Approved Buyer Leads Who Are Moving To Your Prospective Areas From Your Loan Officers? 
If not perhaps you should arm yourself by using a loan officer who has an SEO presence.
Find out which local loan originators are getting the calls from the buyers prior to them making the trip to Florida to find a home. Reach out to these Loan Officers. Often an email is enough to introduce yourself as someone who would like to be added to his/her list of Realtors for your prospective areas. Phone calls and personal one on one meetings don't hurt … (1 comments)

What Was The Interest Rate On The Mortgage Loan You Closed Last Month? - 08/21/11 12:42 PM
What Was The Interest Rate On The Mortgage Loan You Closed Last Month?
What rate did you pay on the loan you closed when you purchased your new home last month? Was is 4.75% or higher? Most of the loans we closed in July had interest rates equal to or higher than 4.75% and depending on the size of the loan you may be able to refinance it this month and save upwards of 60,000 dollars.
Interest rates last week were averaging 3.875% for a 30 year fixed rate loan. Lets look at one example.
On a loan amount of $375,000 … (1 comments)

Karma Always Catches Up With You Sooner Or Later - 08/21/11 12:27 PM
Karma Always Catches Up With You Sooner Or Later How would you like it if I advised your buyer to use my favorite Realtor instead of you? Everyone who blogs knows how much time and hard work goes into putting together a well designed blog in order to achieve excellent SEO positioning. I have spent the last 14 months as a member of Active Rain learning to perfect my work. I attended Active Rain University and after weeks of classes and months of practice I achieved the holy grail of all bloggers. First page links under various search words guiding buyers in … (2 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:49 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:48 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:48 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:48 AM
FHA Loans Now Available With Credit Scores As Low As 500
 GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:47 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/15/11 07:47 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

Is It Possible To Tell A Client "No" Without Being Rude? - 08/12/11 10:42 AM
 
Is it possible to tell a client "NO" without being rude? Lets face it nobody likes to be told "No". It all started when we were infants and we wanted peaches not peas and our Mommy told us "No". Eat your peas and then you can have some peaches; at which time we cried and fussed and sometime made a scene in front of everyone watching. 50 years later we still have similar responses to being told "No". Some people just handle themselves in a more civil way than others. 
 Home buying and Mortgage Lending can bring out the worst in peoples behaviors. Let’s … (3 comments)

How Low Will Interest Rates Go? - 08/12/11 09:26 AM
Today's Florida Interest Rates
I have a crystal ball on my desk but I just haven't learned to use it yet; so your guess is as good as mine. Click the link above to see what interest rates across the board are for today. Click the link below to get your own personal interest rate quote today.
Contact me for your personal interest rate quote today



… (3 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/11/11 10:31 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (1 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/11/11 10:31 AM
FHA Loans Now Available With Credit Scores As Low As 500
 GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

FHA Loans Now Available With Credit Scores As Low As 500 - 08/11/11 10:31 AM
FHA Loans Now Available With Credit Scores As Low As 500 
GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. 
Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500. 
Some of the necessary common sense requirements are: 
1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!
2) Borrowers must show a propensity to save money and/or pay down debt 
3) … (0 comments)

Will The Refinance Boom Finally Make It's Big Move Into The Secondary Market? - 08/10/11 03:04 PM
Will The Refinance Boom Finally Make It's Big Move Into The Secondary Market? On May 18th 2011 Mortgage News Daily wrote that "Right now we're witnessing the beginnings of a mini-refinance boom in the primary mortgage market, but there has been little activity in the secondary market that would indicate increased rate locking by consumers." says MND's Managing Editor Adam Quinones. "However, if conventional 30-year rates reach 4.25%, we'd expect to see a mini-boom scenario play out. There is much stored demand in the system as many borrowers missed the boat on record low rates in October and early November. This crowd is … (2 comments)

I Got 1,000 Bonus Points For Posting A Comment - 08/10/11 02:57 PM
I Got 1,000 Bonus Points For Posting A Comment That's right good blog titles never lie and making comments that are meaningful CAN earn you BONUS points by Active Rain. Just Look at the following comment I received by Bob Stewart at Active Rain yesterday.



… (5 comments)

Five Good Reasons To Get Approved For A Government Backed FHA/USDA Loan Today - 08/08/11 07:31 AM
 
1) Limited Funds. There is a certain amount allocated each year by congress and getting additional funds allocated in the 4th Quarter to off set shortfalls is HIGHLY unlikely giving the on-going battle over deficit spending. With the increased demand for FHA loans brought on by QRM (Quantitative Risk Management) which is looming and likely to happen there will be an increased demand for FHA Mortgages for their lower down payment requirements. Increased demand for something with limited supply forces prices higher. In short; the 4th Quarter of 2011 could see far less and far more expensive financing for those with less … (1 comments)

Florida Small Business Loans In Lakeland Florida - 08/08/11 07:30 AM
Florida Small Business Loans require several documents and disclosures in order to obtain an approval.
Here is a list of those Items needed.
1) Personal Financial Statement for Clients - SBA FORM 413 (10-08) OMB Approval # 3245-0188
2) Tax returns for last 3 years with ALL supporting schedules
    A) Borrowers Personally
    B) Any company listed on Schedule E
    C) Corresponding W-2s and K-1s for each year
    D) Sign and date a 4506-T form for each entity in 2A above as well as borrowers personally.
         Contact Jim Poole at 813-205-7958 to aquire 4506-T forms 
3) Year to Date … (0 comments)

Loans for Commercial and Multi-Unit Properties in Hillsborough County Florida - 08/08/11 07:30 AM
Loans for Commercial and Multi-Unit Properties in Hillsborough County Florida
The process for obtaining a Commercial Loan begins with the entry of an EXECUTIVE SUMMERY FORM.

 The form covers several important areas of information that are used to conduct a search of available lenders and their Rate and Terms for a particular loan type.
1) Contact Information
2) Property Description
3) Additional Collateral
4) Borrowers Desired Loan Terms
5) Personal Information Via Resumes, 1003's and Financial Statements for all borrowers
6) If it is income producing then a Rent Roll or Profit and Loss Statement is needed
7) Credit Files … (0 comments)

Non-Occupying Co-Signers Are On The Increase for Purchase Transactions In Tampa - 08/08/11 07:29 AM
 
Non-Occupying Co-Signers Are On The Increase for Purchase Transactions In Tampa
Non-Occupying Co-Signers - FHA allows a direct family member to co-sign with the buyer and still live at another property even if it is located in another State. This allows individuals who are directly related to buyers with high Debt-To-Income Ratios to Co-Sign and add additional income to the application in an effort to bring the ratios in-line with the lenders guidelines.
The Non-Occupying Co-Signer can also gift the buyer the money for the down payment or simply pay it out of their own funds.
A Non-Occupying Co-Signer has been a popular sales tool for … (1 comments)

The Pro's and Con's of FHA/VA/USDA Home Loans In Clearwater Florida - 08/08/11 07:29 AM
 
The Pro's and Con's of FHA/VA/USDA Home Loans In  Clearwater Florida
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require mortgage Insurance … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Largo Florida? - 08/01/11 08:08 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Pasco County? - 08/01/11 08:07 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home in Clearwater Florida? - 08/01/11 08:03 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Lakeland Florida? - 08/01/11 08:02 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Saint Petersburg Florida? - 08/01/11 08:02 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Brandon Florida? - 08/01/11 08:01 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (1 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Polk County? - 08/01/11 08:01 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Sarasota County? - 08/01/11 08:00 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Pinellas Park Florida? - 08/01/11 07:59 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

Which Government Backed Home Loan Is Best Suited For Purchasing My New Home In Hillsborough County? - 08/01/11 07:58 AM
 
Which Government Backed Home Loan Is Best Suited For Purchasing My New Home?
If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.
The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.
The VA and USDA Loans do not require … (0 comments)

 
I give consultations on Government Home Loan Programs. I advise on how to use these loans to Buy and Sell more homes. Many of todays home buyers are first time home buyers; will have limited funds to put down and will have no money for needed repairs or desired up-grades. Many will be younger and will have marginal incomes. The USDA Loan and the FHA Loan are designed to address these issues. The USDA loan offer 100% Financing while the FHA 203k loan program is attracting a lot of attention from the more sophisticated buyers of aging and bank owned properties.


Links

Archives

RSS 2.0 Feed for this blog

Find FL real estate agents and Tampa real estate on ActiveRain.