Joe Wagner's Blog

What Are Conventional Loan Programs?

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Thu, 12 Jan 2012 19:02:47 -0800

What are Conventional Loan Programs?

Conventional loan programs by definition are any mortgage which is not guaranteed or insured by the federal government. This type of loan was the first traditional mortgage loan made by local banks. The loans were held by the bank in a portfolio until paid in full. There are a number of advantages to conventional loan programs, there are also some disadvantages. Conventional loan programs generally require a larger down payment and have stricter debt to income ratio requirements. Conventional loan programs do not have an up front mortgage insurance premium due, but may have monthly private mortgage insurance if certain loan to value ratios are exceeded.

Fannie Mae and Freddie Mac purchase mortgages that conform to conventional loans limits, down payment requirements, debt to income ratios and other established underwriting guidelines. Both Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government sponsored enterprises created by congress to purchase conforming mortgage loans and resell them on the secondary market.

Conventional loan programs are loans where real property like a fixed building or home is provided as collateral or security whose equity is reserved to be delivered to the lender in case the borrower defaults on repayment of the debt. This is generally formalized in a mortgage note which documents the encumbrance of the fixed asset in exchange for the funds required to purchase the property. A home buyer can get conventional loan programs from a bank or mortgage lender or through intermediaries like a mortgage broker who will connect the borrower with a lender.

What are the Basics of Conventional Loan Programs?

Conventional loan programs are defined by the basic tenets of:

Principal - The total amount that is borrowed less any down payment funds.
Interest - The additional amount paid per month in addition to any principal payment that is amortized over the life of the loan.
Term - The number of months that payments will be made until the principal is repaid and the interest on the loan is satisfied.
Payment - The combination of a portion of the principal, interest, and any fees, insurance or other charges that are due in that month.
Down Payment - The initial payment paid against the total loan amount that is deducted before the principal borrowed amount is calculated.

There are different ways that interest is applied to conventional loan programs including:

Fixed Rate Conventional Loan Programs - A mortgage loan where the periodic payment remains fixed for the life (or term) of the loan due to an unchanging annualized interest rate. Most fixed rate mortgages have a 30 year term but there are many variations including the second most common, the 15 year fixed rate conventional loan programs. While the principal and interest may not vary in fixed rate conventional loan programs, other fees like property taxes and insurance premiums are likely to change over time.
Adjustable Rate Conventional Loan Programs - This loan type can have a fixed rate of interest for the first three to five years but eventually will begin to vary based on a major market index (such as the Prime Rate, the London Interbank Offered Rate - LIBOR, or the Treasury index or T-Bill).

Paying Points on Conventional Loan Programs

Where a borrower's financial situation indicates a higher risk than the normal standards for conventional loan programs, the lender may increase the interest rate by one or more "points" which increases the overall profitability of the loan and offsets the higher risk that the lender is assuming by lending to the borrower.

Using a Balloon or Bullet Payment with Conventional Loan Programs

There is another type of amortization used in conventional loan programs where the number of payments are computed for a certain period of time (3 -5 years for example) but at the conclusion the balance of the outstanding principal is due for payment. This is referred to as a balloon payment or a bullet payment.

Conventional loan programs are the most baic form of lending with commonly accepted levels of risk and values that are considered reasonable safe to the lender or "conventional" in their risk level.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Save On Your Mortgage Loan

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Thu, 12 Jan 2012 18:51:10 -0800

Save on your Mortgage Loan

Here's a simple trick to reduce the repayment period of your mortgage and save thousands over the course of your loan: Make extra payments which apply toward the loan principal. You pay against principal in many different ways. Paying 1 extra payment once per year is probably the easiest to arrange. If you can't pay an extra whole payment all at once, you can split that large amount into 12 smaller payments and write a check for that additional amount monthly. Another option is to pay half of your payment every two weeks. The result is you will make one extra monthly payment every year. These options differ a little in lowering the total interest paid and reducing payback length, but each will significantly reduce the duration of your mortgage and lower your total interest paid.

Additional One-time payment

It may not be possible for you to pay more every month or even every year. But remember that most mortgage contracts allow additional principal payments at any time. Whenever you get some extra cash, consider using this provision to pay an additional one-time payment toward your mortgage principal. Here's an example: several years after buying your home, you get a larger than expected tax refund,a very large inheritance, or a non-taxable cash gift; , you could apply this money toward your mortgage loan principal, which would result in significant savings and a shorter loan period. For most loans, even this small amount, paid early enough in the loan period, could offer big savings in interest and in the duration of the loan.

Joe Wagner Created His "Very Own" FREE Mortgage Calculator Phone App Just For You!!
Download It Here:

Joe Wagner answers questions about interest-saving strategies almost every day. Give Joe Wagner a call at 612-327-4544. We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

FHA Streamline Refinance

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Thu, 12 Jan 2012 18:47:59 -0800

FHA Streamline Refinance

FHA Streamline loans can help homeowners lower monthly mortgage payments and interest rates. But what do you need to qualify for an FHA Streamline loan? To begin, you need an existing FHA mortgage—if you don’t have an FHA loan but want to refinance, your options include conventional refinancing or applying for an FHA refinancing loan.

If you have a conventional loan you wish to refinance with an FHA refinancing loan, you’ll need to apply with the usual credit check, employment verification, debt-to-income ratio requirements and other considerations. An FHA Refinancing loan can get you many of the same results—if you refinance from a conventional loan to an FHA-insured refinancing loan you may get better rates and lower payments.

For those who do have an FHA home loan, the other requirements for FHA Streamline include:

Being current on the existing loan with all mortgage payments made on time for the last year.
You must own the original property for at least six months before you can qualify for refinancing.
To refinance you’ll need an FHA-approved lender. If you don’t want to use your current lender, any bank you choose must be FHA approved.
FHA Streamline loans do not require an appraisal, but a no-appraisal loan cannot exceed your current loan.
Closing costs must be paid up front or arranged for through a “no-cost” FHA Streamline loan. You may also choose to include the closing costs into your loan a “with appraisal” FHA Streamline loan. In these cases you must have enough equity in the home to cover the extra amount.

There is another Streamline product made for those who want a refinancing plan to help them modify or improve the home. This is known as an FHA Streamline 203(k) Loan. The 203(k) is similar to ordinary Streamline loans with a few exceptions.

The 203(k) has a minimum of $5,000. The maximum loan amount is $35,000. This amount is added to your mortgage for weatherizing your home, removing lead paint and many other home improvements that don’t involve major alterations of the home.
You are required to use at least one contractor to do the repair work. Self-help renovations are not allowed unless the borrower can prove they have proper expertise.
When choosing a contractor, FHA guidelines state you must get an estimate which is broken down into specifics regarding the costs of each project. Contractors must sign an agreement to do all the work included in the estimate for the amount and within the time specified.
You must obtain all permits required by law.

There are restrictions on 203(k) Streamline refinancing loans. You cannot use the 203(k) loan to do major structural repairs such as altering a load-bearing wall or work that needs architectural plans. If your home improvement work exceeds $15,000 the FHA requires you to have a third-party inspection after the job is done.
You are permitted to make two payments to each contractor. If you do the work yourself as a qualified builder, the same rule applies.

When borrowing under the FHA Streamline 203(k) program you must “close out” the loan when the work is complete. According to FHA.gov, you may be required to furnish “mortgagor’s acknowledgement of satisfactory completion…mortgagee’s inspection report(s), change orders, mortgagee accounting of the escrow funds, and record of disbursements.” It’s important to keep records of these items and more to prove the work was completed according to the agreement and in a timely manner.

Have questions about refinancing your FHA Loan? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Finance More Than 4 Properties With The 5-10 Properties Program

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Thu, 12 Jan 2012 18:34:55 -0800

Finance More Than 4 Properties With The 5-10 Properties Program

In February 2009, Fannie Mae rolled back a rule preventing real estate investors from financing more than 4 properties at a time. The limit raised the maximum number of allowable, financed properties to 10.

The program provides bona fide investors with an avenue to add to their respective real estate portfolios.

Yes, You CAN Finance With 5-10 Homes

In its official announcement, Fannie Mae said upping the financed-property limit would help stabilize housing nationwide.

"Experienced investors play a key role in the housing recovery", it said.

2 years later, however, finding a bank that offers the 5-to-10 Properties Financed program is a challenge. Most lenders won't give a mortgage on the 5-10 Properties program as a matter of policy.

It's cause for consternation among the real estate investment crowd. Fannie Mae says it will buy the loans; banks should be willing to do them. Few are.

Why Some Banks Won't Offer The 5-10 Properties Program

So, why don't all bank participate in the 5-to-10 Properties Financed program?

The probable answer is that underwriting a 5-property-owning investor's mortgage application is hard work. "Traditional" homeowners submit for loan approvals with just a basic W-2 and paystub for an approval. Bona fide real estate investors, on the other hand, submit for approval with complex tax returns, REO schedules, and a ton more details to reconcile and verify.

It's far quicker to underwrite and approve a standard loan as compared to a 5-10 Properties program loan. However, both loans are valued the same when bundled for Wall Street securitization.

In other words, the 5-10 Properties program is more work for same profit. It's no wonder most banks don't do it.

Some will, however. You just have to know where to find them.

And you have to meet their guidelines.

The 5-10 Financed Properties Program Criteria

To purchase and finance a home through Fannie Mae with more than 4 existing financed properties, investors must meet all of the following criteria:

Own between 5-10 residential properties with financing attached
Make a 25 percent downpayment on the property; 30 percent for 2-4 unit
Minimum credit score of 720
No mortgage lates within the last 12 months on any mortgage
No bankruptcies or foreclosures in the last 7 years
2 years of tax returns showing rental income from all rental properties
6 months of PITI reserves on each of the financed properties

For refinances, loan-to-value is capped at 70% for all property types.

And then, as a last step to reduce fraud, Fannie Mae's multiple property program requires applicants to sign a 4506-T -- a form giving lenders permission to verify your submitted-with-the-loan tax returns against the official, IRS-filed version of the same.

Where To Get A 5-10 Properties Program Mortgage

If you own more than 4 financed properties and want to purchase a fifth one (or sixth or more); or, want to refinance a home you already own, let your first call be to Joe Wagner at 612-327-4544.

Have questions about Multiple Property Loans? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

FHA $100 Down Payment HUD Repo Loan Benefits

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Thu, 12 Jan 2012 18:32:28 -0800

FHA HUD Repo Homes Get FHA Mortgage Rates

FHA 100% Financing $100 HUD Repo Loan!


	Need a HUD Repo Home Loan? Joe Wagner will be glad to assist you! Call Joe Wagner at 612-327-4544. Ready to begin? Apply Here.

FHA $100 HUD Repo Loan Benefits:

The FHA $100 HUD Repo Home Loan Program is a purchase money loan offered in limited geographic areas to purchasers of a home owned by the Department of Housing & Urban Development. Buyers are only required to make a $100 down payment and may be eligible for sales incentives provided by HUD!

Highlights:

HUD Foreclosed Homes only.
$100 Down Payment!
HUD can pay for your closing costs up to 3% of the purchase price!
Owner-Occupants only.
Property Types (1-4 UNITS, Condominiums, PUDs, Modular)
Fix up your HUD Home with an FHA 203k Rehab Loan!

Click here for available HUD Homes in Minnesota.

Click here to learn more about the FHA 203k Rehab Loan Program.

A HUD program that allows certain consumers from eligible states to buy a foreclosed home with a mere $100 down payment.

Joe Wagner Created His "Very Own" FREE Mortgage Calculator Phone App Just For You!!
Download It Here:

Have questions about HUD Repo Loans? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Fannie Mae HomePath Mortgage: What is it?

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Sat, 19 Nov 2011 20:33:19 -0800

Fannie Mae HomePath Mortgage

Shopping for a Fannie Mae HomePath Loan? Joe Wagner will be glad to help! Give Joe Wagner a call at 612-327-4544. Ready to get started? Apply Here.

HomePath Mortgage loans have the following characteristics:

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Benefits to You, the Borrower

Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
No lender-requested appraisal.
No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
Expanded seller contributions for closing costs allowed.
Available for primary residences, second homes and investment properties.
Many condo project requirements are waived; ask your lender for details.
For more information, contact a HomePath Mortgage lender or click here for the Home Buyers Guide.

Have questions about HomePath Loans? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Freddie Mac Home Affordable Refinance Program (HARP)

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Sat, 19 Nov 2011 20:30:06 -0800

Freddie Mac Home Affordable Refinance Program (HARP)

Shopping for a Freddie Mac HARP Loan? Joe Wagner will be glad to help! Give Joe Wagner a call at 612-327-4544. Ready to get started? Apply Here.

If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage. The HARP loan is a new loan and will require a loan application and underwriting process. Loan refinance fees will apply.

Eligibility:

You may be eligible to apply if you meet all of the following:

You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac.
You do not have an FHA, VA or USDA loan.
You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year.
Have a first mortgage not exceeding 125 percent of the current market value of your home.
The refinance will improve the long-term affordability or stability of your mortgage.
You have the ability to make the new payments.

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HARP.

Program Availability

The HARP program is offered by many servicers. Homeowners should check with their mortgage servicer (the company to which homeowners make their mortgage payments) to determine if they are participating in HARP. If their mortgage servicer is not participating, the homeowner may contact other lenders that participate in HARP to determine if they are eligible for a refinance.

Steps to HARP Refinance

Determine whether your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac by visiting their respective Loan Lookup tools.
Contact your current mortgage servicer or another that is approved by Fannie Mae or Freddie Mac to inquire about HARP.
Compare rates and costs with additional mortgage companies to ensure best refinance terms.

Have questions about Freddie Mac HARP Loans? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Better than FHA? Fannie's My Community Mortgage Loan

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Sat, 19 Nov 2011 20:27:53 -0800

Better than FHA? Fannie’s My Community Mortgage Loan!

With FHA restructuring its mortgage insurance premiums on October 4th 2010, it’s probably time to take a look at other financing options. Many folks don’t realize that Fannie Mae and Freddie Mac offer low down payment options too. For example, Fannie Mae’s My Community Mortgage allows qualifying borrowers to buy a home with only 3% down, no upfront mortgage insurance premium, and pay a very low monthly mortgage insurance fee.

The MCM mortgage insurance requirement is only 18% coverage on a 97% loan, which costs as little as $62.50 a month per $100,000 financed. FHA’s mortgage insurance coverage costs 1% upfront plus .85% each year, or $1,000 upfront plus $70.83 a month on a $100,000 loan.

My Community Mortgage offers underwriting flexibility, terms of up to 40 years (lowering your mortgage payment and allowing you to qualify for a larger loan), and includes ARM mortgages with rates fixed for 5, 7, or 10 years. It can even be combined with Community Seconds, which are second mortgages provided by housing agencies and other organizations, so that qualified borrowers can buy a home with no down payment and pay no closing costs out of pocket. You can choose to make interest-only payments, and you can even buy a 2-to-4 unit property if you put at least 5% down. Extra flexibilities include special provisions for teachers, police officers, firefighters, and health care workers, and people with disabilities or a family member with a disability. Finally, MCM mortgages are not subject to the same loan level pricing adjustments (LLPAs) that other conventional mortgages may be saddled with.

MCMs can also be used to refinance (no cash out allowed) to 97%, which may come in handy if your property has lost value recently.

So, what’s the catch?

There may be income restrictions. Borrowers must in most cases earn no more than the median annual income for their area. There are exceptions for Fannie Mae Neighbors areas and the programs for teachers, the disabled, health care workers, and first responders.You can search for the income limit for your area HERE.

You cannot have an ownership interest in any other residential real estate. That doesn’t mean you have to be a first time home buyer, but that you can’t currently own other residential property.

In many cases, a Community Mortgage may be less costly than an FHA loan. If you are looking for a loan with a low down payment requirement, consider both options and have your loan officer run you some numbers for both options before making a decision.

Have questions about My Community Mortgage Loans? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you are busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Fannie Mae Home Affordable Refinance Program (HARP)

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Sat, 19 Nov 2011 20:25:59 -0800

Fannie Mae Home Affordable Refinance Program (HARP)

Shopping for a Fannie Mae HARP Loan? Joe Wagner will be glad to help! Give Joe Wagner a call at 612-327-4544. Ready to get started? Apply Here.

Eligibility:

You may be eligible to apply if you meet all of the following:

You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac.
You do not have an FHA, VA or USDA loan.
You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year.
Have a first mortgage not exceeding 125 percent of the current market value of your home.
The refinance will improve the long-term affordability or stability of your mortgage.
You have the ability to make the new payments.

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HARP.

Program Availability:

Steps to HARP Refinance

Determine whether your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac by visiting their respective Loan Lookup tools.
Contact Joe Wagner at 612-327-4544.

Have questions about a Fannie Mae HARP Loan? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org

www.wagnermortgage.org

Fannie Mae HomeStyle Renovation Mortgage: What is it?

Joe Wagner, WagnerMortgage (American Mortgage & Equity Consultants, Inc.) — Sat, 19 Nov 2011 20:18:06 -0800

HomeStyle Renovation Mortgage: What is it?

Looking for a Fannie Mae HomeSytle Renovation Loan? Joe Wagner will be glad to help! Give Joe Wagner a call at 612-327-4544. Ready to get started? Apply Here.

With the number of homes that are either bank owned or short sales that are available on the market, the Fannie Mae HomeStyle Renovation mortgage program is becoming a popular choice with home buyers. The HomeStyle Renovation loan is different than the Fannie Mae HomePath Loan.

HomeStyle Renovation Mortgage: What Is It?

The HomeStyle Renovation mortgage is a single-close loan that let’s you buy the home that may be in need of repairs. It is also possible to refinance the mortgage on an existing home and include the funds needed for repairs into the new mortgage. The loan amount for the HomeStyle Renovation mortgage is based on the “as-completed” value of the home rather than what the home is currently worth.

HomeStyle Renovation Loan Programs

When getting a HomeStyle Renovation mortgage, it is possible to get a 15 or 30 year fixed rate and also a 3/1, 5/1 and 7/1 adjustable rate. Standard mortgage insurance pricing applies to all HomeStyle Renovation loans – but the MI will be required to cover the as-completed value, not the as-is value of the property.

HomeStyle Renovation Loans Allow 2nd Mortgages

With the HomeStyle Renovation loan program, it is possible to get a 2nd mortgage such as a Community Seconds loan that go up to 105% of the value of the property. It is also possible to get a non-Community Seconds type of 2nd mortgage although there will be an increased fee when done.

HomeStyle Renovation Improvements: What Is Allowed?

There are very few limits on the type of improvements that can be made with the HomeStyle Renovation loan. The only requirements are that the improvements must permanently be attached tot he property and the improvements must add value to the property. Some simple examples of improvements that qualify include in-ground pools, decks, landscaping and fences.

HomeStyle Renovation Contractor Requirements

The HomeStyle Renovation loan program allows for both a DIY option or you can hire a contractor to perform the work. If you hire a contractor to perform the work, they must be licensed and registered. The contractor will submit all plans and specs to you and the lender for approval as well as to the appraiser who can then help determine the as-completed value of the home. There are special rules for DIY financing – so if you are interested in doing the work yourself, be sure to speak with your loan officer about the rules.

Fannie Mae HomeStyle Renovation Loan Facts

Have questions about a Fannie Mae HomeStyle Renovation Loan? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! We know you're busy, so feel free to complete the form below to be contacted by Joe Wagner.

Joe Wagner

Mortgage Loan Originator

American Mortgage & Equity Consultants, Inc.

1915 Plaza Drive, Suite 204

Eagan, MN. 55122

Phone: 612-327-4544

Email: joe.wagner@amecinc.org