HomePath Quick Reference Guide - 06/10/11 03:44 PM
This is the 5th installment of the Loan Program Quick Reference Guide and today I am focusing on the HomePath loan.  Monday I gave you the rundown on the standard FHA loan.  Tuesday it was the VA.  Wednesday I highlighted conventional loans and yesterday the spotlight was on the FHA 203(k) Streamline loan.  The HomePath is a good loan but it is very limited since it can only be used on FNMA-owned homes that are designated for the HomePath.  Here are the highlights:
HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage … (2 comments)

FHA 203(k) Streamline Quick Reference Guide - 06/09/11 06:29 PM
Good morning - This is part for in the "Quick Reference Guide Series" that I started writing on Monday.  I have already covered FHA, VA, and Conventional loans with regard to general guidelines and the benefits to the home buyer.  In today's post, I will be covering my favorite loan, the FHA 203(k) Streamline.  The FHA 203(k) Streamline is a very under-utilized loan program and yet it helps the buyer get a home that ends up being much closer to the home they really want than any turn-key home they could buy.  It also makes it possible to write offers on … (2 comments)

Quick Reference Guide for Conventional Loans - 06/08/11 01:08 PM
This is the third in a series of posts meant to provide you with a some quick and easy guidelines for the most common and popular loans - as well as a few niches - in addition to defining some benefits of the various loan programs for the right customers.  On Monday I provided a quick reference guide for FHA loans and on Tuesday, the quick reference guide was for VA loans.  Today, as promised, conventional loans is the quick reference flavor of the day.  Feel free to call or email if you have any questions or you can leave comments … (0 comments)

Quick reference guide for VA loans - 06/07/11 01:31 PM
In yesterday's post, I provided some basic guidelines for the standard FHA loan and the benefits to the home buyer.  In today's post, I am providing a quick reference to basic guidelines for VA loans and the associated benefits to home buyers.  Feel free to call or email (or leave a comment) if you have any quesitons regarding any of the loans in this series.  Tomorrow I will be discussing conventional loans.  Here you go:
 
          For your VA buyer with the right credentials, nothing beats a VA loan.
       
          Program guidelines:
              Loan-to-Value:  100%
… (3 comments)

Loan Program Quick Reference Series - 06/06/11 06:32 PM
I thought I would write a short series highlighting a number of different loan programs that are available, their main guidelines, and the key benefits to the home buyer.  The featured loan for today is the standard FHA loan.
 
 
           FHA is the most popular loan right now.  Here’s why:
 
           Program guidelines:
                  Loan-to-Value:  96.5%
                        Debt-to-Income Ratio:  as high as 55%
                        Minimum Credit Score:  none, but prefer 640+
                        Mortgage Insurance: 
1)      Up-front = 1% of base loan amount (financed)
2)      Annual (paid monthly) = 1.15% of base loan amount
… (0 comments)

 
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Jed Wunderli

Las Vegas, NV

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Alterra Home Loans

Address: 2520 St. Rose Parkway #205, Henderson, NV, 89074

Office Phone: (702) 588-5430

Cell Phone: (702) 812-1214

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