Richard's Real Estate Thoughts - Chattanooga, TN Mortgage Lender

Mortgage and Lending
Mortgages, Mortgage, Home loans, home finance, home refinance, home purchase, credit, credit scoring, credit repair, conventional, FHA, VA, Rural Development, investment, First Time Home Buyer, investment, FHA 203k, renovation loans, Chattanooga, Knoxville, Cleveland, Nashville, Memphis, North Georgia, Hamilton, Bradley, Sequatchie, Catoosa, Walker, Davidson, Tennessee, Georgia, Ooltewah, Soddy Daisy, Signal Mountain, MLO NMLS 184479, TN Lic 40161, Georgia Mortgage Licensee
Most buyers know now the importance of a good home loan preapproval before starting the home search. Many real estate agents expect a buyer to have a lender preapproval before they show the buyer many homes. And sellers have come to expect every offer to be backed by a loan approval letter.The qu...
 Homebuyers in Georgia who qualify can purchase a home with grant funds up to 5% of the purchase price. This will cover the FHA down payment and some of their closing costs.  This program is not affiliated with the Georgia Dream program. It is a grant that is offered in multiple states, including...
  Home purchasing should be an exciting time, whether you are first time home buyers, investors, or buying a second or third home.  Understanding the home buying process can help to make your next home purchase exciting and fun.   This post is a continuation of an earlier one, Understanding the H...
  Home buying does not need to be stressful, even for first time home buyers. Understanding the steps needed to move from home purchase contract to home purchase closing is key to reducing the stress.  For all buyers the loan preapproval is the first step, even for those buyers who are confident ...
      For many home buyers finding the perfect home can at times seem too difficult. Using a conventional or FHA renovation loan can make that search easier. The Fannie Mae HomeStyle® Renovation loan or the FHA 203k renovation loan can help with that solution of finding the perfect home.   The co...
  HUD foreclosures can provide an excellent opportunity for many home buyers to purchase a great home at a great price.  Perhaps the top reason that HUD homes are so attractive for home buyers is that FHA offers excellent financing terms that are available only for HUD foreclosure properties.   F...
  Many new home buyers have questions about what is included in a mortgage payment and how the taxes and insurance escrow works.  Setting up the mortgage tax and insurance escrows is one of the three main parts of the total funds a home buyer needs for closing their home purchase: down payment, c...
  First time home buyers can now take advantage of low, 3%, down payment requirements for home purchases using conventional financing.  The program will compete with FHA loans.   Generally the conventional loan will be attractive compared to FHA for higher credit score buyers, primarily because F...
FHA announced that the Property Flipping Waiver will not be extended. This is unfortunate because the ability to turn around a foreclosed property that has been materially improved is important to restoring many neighborhoods.   This announcement reflects a prejudice against investors and become ...
  Many veterans, myself included, do not take enough advantage of their VA benefits. One of the best VA benefits of course is the VA home loan. It may be the best loan option available.   No down payment. Excellent rates. Seller can contribute buyer closing costs. Seller can contribute up to 4% o...

Richard Smith

FHA VA Rural Development in TN GA
Ask me a question
Spam prevention