Yes, this can be delivered for loan amounts up to $729k ($1,041,400 purchase price max), 25% down payment minimum OO, 35% NOO, minimum nine (9) months reserves required.

Your next question is, what credit score? No score required, good explanation for derogatory information with all items cleaned up.

Your next questions is, what about rates? How does 5.50% (current rate) for a term of 30 years grab you?

There are 2 origination points, plus the usual other fees...

My question to you is, what are you wating for? You know you have clients who can use this product, why lose another sale because you thought this was not avaialble any longer! Especially at a reasonable rate...

Good for wage earners and self-employed - the stated income must be reasonable for the position!

Drop a line with any questions you have and I will get them answered for you ASAP and let me help you make this year a great one!

 

Samuel Stovall

IMN

Ewing, NJ 08628

NMLS #219374

 

For Agents In NJ (soon PA)…
03/13/2010
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A new program available to help you help your sellers and potential buyers! If you have a seller who has expectations of what their home is worth and they are not ready to move from that number, then our program is for you. Are you anxious these… more
HVCC update on previous post…
07/13/2009
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.. I posted before about not worrying about HVCC as I Am able to use my own appaiser in some instances. I have revceived a few messages asking about getting values which are not there. Please know that if the values are not properly supported,… more
Is a Reverse Mortgage Purchaser in Your Future (NJ & PA)??
07/02/2009
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If you are wroking with clients 62+, it could be. The ultimate 'No Doc' and quick closing loan (generally within 15 business days)! Credit never an issue (not score driven), debt ratios never an issue, No income disclosure… no worries! The… more
HVCC got you down in NJ or PA?
07/02/2009
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New Home Value Code of Conduct appraisal got you reeling and your deals dying in NJ or PA? Your mortgage person cannot help you on it? Tired of having appraisers who do not know your market place make an evaluation without solid support? Please… more
Closing in 25 business days or less in NJ or PA???
06/26/2009
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Hello agents, having difficulty closing your FHA loans in a reasonable time frame? Well, I Am here to help. I can guaranttee that your clients will close within 25 business days, from a lender stand point, or my fees are credited back at closing… more
NJ Jumbo Loans.. still low rates..
05/21/2009
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… at 5. 875% with 1% origination fee.. Are your borrowers getting this rate? Yes, it will be higher for those with less than perfect credit, just around 6. 375%+. This is full doc too.. If your client needs a No Income No Asset loan, they are… more
Do You Know of Any Seniors 67+ In Foreclosure????
04/30/2009
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I may be able to help you help them to stay in their home! With the opportunity of getting a reverse mortgage, they can possibly buy out the foreclosure and stay in their home! The only payments required of them will be HOA, insurance,… more
Have Buyers 67+ Thinking About A New Home????
04/30/2009
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… Then introduce them to Samuel Stovall and the world of Reverse Mortgages! They are possibly eligible to purchase that new home using this product which was originally for refinances! No credit and No income Qualifying and No monthly payments… more
Attention Nj, NY, CT & PA Agents…
04/14/2009
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If you have clients with scores under 619, I can provide them with FHA purchase loans with scores down to 500! Streamine refi's with scores to 580 and NO mortgage lates in the last 18 months. Please note that all FHA criteria still applies… more
 

Samuel Stovall

Princeton, NJ

More about me…

Intercounty Mortgage Network/S2K2 Partners NMLS #219374

Office Phone: (609) 403-0055

Cell Phone: (609) 658-0772

Email Me



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