Real estate blog entries tagged with 3 down payment by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "3 down payment"

3 down payment: FHA Mortgages In MN Allow For Co-borrowers - 06/21/08 05:59 PM

Many conventional mortgage programs either don't allow or restrict the ability of a borrower and co-borrower to come together on a loan application and become one. FHA again comes to the rescue. In fact, FHA does allow for it. You must use the lower of all of the borrower's credit scores. Financially the loan is underwritten using all incomes and all debts. There is no provision requiring the co-borrower to occupy the home.
Also, the pricing on the loan is that of an owner occupant. There is no up charge in the mortgage rate nor any additional financial contribution of the … (0 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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