Mortgage programs for first time home buyers
We have 4 more months for first time home buyers to benefit from the governments $8000 credit on a home purchase. The push to purchase and get closed by Novemb ...
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Mortgage and Lending |
RAINER 2,624 |
| Lorraine Krieger | ||
| location_on Menomonee Falls, WI — Landmark Credit Union | ||
| insert_link http://landmarkcu.com | ||
| web Lorraine Krieger's (germantown) Blog | ||
Get to Know Lorraine Krieger
With all of the housing and lending problems and doubts about mortgage lenders why not choose a financial institution that has been in business since 1953. We are the largest credit union in the State of Wisconsin. As a credit union we are able to offer competitive interest rates and mortgage products to our members because the credit union is owned by it's members. We finance homes in Southeastern Wisconsin.
We are able to offer conforming fixed rate products, construction loans, lot loans, Jumbo mortgages and recently developed a product with 100% financing. As always there are restrictions on all mortgage products but inquiring or contacting me will be the best way to find out what you or your clients will qualify for. A free pre-approval is offered by the credit union and is one of the most important first steps to take when looking for a home.
Please contact me with any questions, our tag line......'You're worth more here'.............
Lot and Land financing available at our credit union
I have received a number of calls from real estate agents and other lenders regarding financing for lot loans. Landmark Credit Union has 3 programs available. ...
Update on mortgage program with Landmark Credit Union
Hello, it has been awhile since I blogged and I admit I need to get better at it.
100% financing is still available at Landmark. We offer a 30 year fixed and ...
100% Financing
Hello everyone, it has been some time since I sent a blog but wanted to keep everyone informed about Landmark Credit Unions products. We lend in Southeast Wisc ...
Certifications
Over the past 15 years as a lender I have worked with every type of borrower. One of the credit unions favorite programs is for the First time Home buyer. We waive closing costs on their purchase. A single family or 2 family owner occupied home would qualify for this program. You can purchase with 3% down coming from a gift or grant. The new program we offer is Landmark 100. This is the program for first time buyers or previous home owner. It is offered on single family homes only. To qualify for this mortgage the borrower must put $500 of their own money into the transaction and have a minimum of 700 credit score. 2 months reserves are required. Yes the debt ratio is 45% and that is a good thing!!
Another great product is our Jumbo fixed rate mortgage. It is a 30 year product which requires 5% down payment, $1,200 in closing costs and currently the rate is 6.50% (apr 6.987%). The minimum credit score is 660 on this product. Maybe a 5 year ARM Jumbo product would be more attractive; 5.625% (apr 4.732%), 5% down payment; no points and $1200 in closing costs. These products are for owner occupied and single family homes. So as you can see we offer some great products.
I look forward to hearing from you!!
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I have been in mortgage lending for 15 years. At the credit union I am able to help first time home buyers and finance homes up to $1,000,000. Our servicing is local and our products are the best!