first time home buyer: Down Payment Help and Options - St. Louis MO - 03/22/16 05:42 AM
How much do I need for Down Payment?    
 
Is There a Zero Down Payment Mortgage?
 
What is the Minimum Down Payment?
 
Do I have to have 20% down payment?
 
 
These are very typical questions regarding down payment that I hear every day as a mortgage loan officer. There is a lot of misunderstanding and lack of knowledge when it comes to mortgage down payment, especially so within the media. For instance, you do not need 20% down payment to purchase a new home.
 
MINIMUM DOWN PAYMENT OPTIONS:
 
There are two great mortgage programs that allow for a ZERO down payment, that's right zip, nada, nothing, etc. … (2 comments)

first time home buyer: First Time Home Buyer - Mortgages - Down Payment Assistance - Grants - 06/15/13 07:12 AM
First Time Home Buyer Programs
and Down Payment Assistance for
St. Louis and St. Charles
 
As a Mortgage Loan Officer for nearly 20 years, I have always considered First Time Home Buyers my number one niche. Mostly, I work with home buyers in the St. Louis, St. Charles, Lincoln, Jefferson Counties area but have helped many home buyers all throughout the State of Missouri. My experience with First Time Home Buyers has shown that there are two items that most first timers are concerned with, getting approved and money.
 
MORTGAGE PROGRAMS for First Time Home Buyers
FHA: I start with … (0 comments)

first time home buyer: The #1 Best First Time Home Buyer Mortgage - St. Charles and St. Louis - 05/08/13 05:32 AM

 
What is the best
first time home buyer
mortgage?
 
 
 
 
'What mortgage programs are available for first time home buyers?', I have been a mortgage lender in the St. Louis and St. Charles Mo area for going on 20 years and I seem to be asked that question nearly every day.
 
That question has meant many different things to the person who was asking, they were looking for easier qualification, less down payment requirement, no down payment, down payment assistance, lower credit scores and so many other things.
 
In my 20 years … (2 comments)

first time home buyer: What Credit Score is Needed for a Mortgage - St. Charles or St. Louis - 04/19/13 02:03 AM

 
What Credit Score Do I Need
To Qualify
For A
Mortgage?
 
Looking for a new home? Wondering what it takes to qualify for a mortgage? Getting financing for a new home starts with your credit score.
 
Your credit score is the starting point for any new mortgage today, whether you are getting an approval for a FHA mortgage, Conventional mortgage, USDA, or VA, every loan program has a minimum or I should say every lender has an overlay that sets a minimum credit score.
 
What Credit Score Do I Need for Loan Approval
 
As … (0 comments)

first time home buyer: Down Payment Assistance and Help in St. Louis and St. Charles MO - 03/31/13 07:23 AM
Down Payment Assistance
and Help in
St. Charles and St. Louis Mo
 
Down payment assistance and help for new home buyers in the St. Louis and St. Charles Mo area is within your reach. We have all heard the news spewing from the media that getting a mortgage to purchase a new home is difficult plus lenders are requiring huge down payments too. That message is wrong!
True it isn't as easy to qualify for new home as it was before 2008 but down payment requirements have not changed. There are currently 4 heavily utilized home loan programs that … (0 comments)

first time home buyer: Top 10 Reasons For an FHA Mortgage, When You Buy a New Home in St. Louis, St. Charles or Missouri - 10/12/11 10:19 AM
Since 1934, the Federal Housing Administration, (FHA) has offered home ownership assistance to Americans in the form of FHA financing. The program originated to combat the effects of the Great Depression, when the rate of foreclosures and loan defaults were high and home ownership for the average American was very low. In response to the recent economic downturn, modifications have been made to the FHA program. Now there are even more reasons to consider FHA financing.
1. FHA financing allows home-buyers a low down payment alternative for their home purchase. The minimum down payment is a low 3.5%. Click here to … (0 comments)

first time home buyer: Getting a new home with low income and/or poor credit - St. Louis and St. Charles MO - 08/10/11 08:09 AM
Home Loans for Those with Poor Credit and Low Income – St. Charles and St. Louis Missouri
A low income coupled with a poor credit history does not necessarily make you ineligible for a home loan. Please, notice I used the word Poor and not Bad. Bad credit can stop you from getting a mortgage now but possibly not later down the road.
Steady Employment and Salary Requirements
Most often, because it is indeed a different way of life, loans for folks with bad credit and low incomes are more often used in rural communities, but not always, first … (4 comments)

first time home buyer: 3 bedroom home in Hazelwood Mo for sale - Down Payment Help - First Time Home Buyer Dream! - 08/04/11 04:30 AM
3 bedroom ranch home is for sale in Hazelwood Mo, and it is a must see! This beautiful and well maintained house for sale is the perfect home for a first time home buyer. This home is close to everything you want and need. The oversize garage is a rare fine and perfect for those rainy days. The finished basement makes this home bigger, more comfortable and a dream for whoever buys this great home!
 
 
The City of Hazelwood was originally incorporated as the Village of Hazelwood, on September 7, 1949. Hazelwood has grown substantially since then and an … (0 comments)

first time home buyer: FHA - Closing Costs and Down Payment Help - St. Charles and St. Louis Mo - 07/22/11 09:24 AM

 
Your money will help you more when it is in your pocket and not the pocket of your mortgage lender. Most home buyers today whether they are first time home buyers or move up buyers are finding it difficult to keep their savings or coming up with the funds to close or for the down payment.
Are you a First Time Home Buyer? Move Up Buyer? Are you looking for a low down payment mortgage program? Do you need the seller of your next new home to pay for closing costs? Are you going to utilize FHA, USDA/Rural Development … (0 comments)

first time home buyer: FHA Mortgage Help and First Time Home Buyer Do and Don't Top Ten - 06/20/11 09:40 AM
Are you a first time home buyer? Are you buying a new home in St. Charles, St. Louis or anywhere in the State of Missouri. Here is some help not only for FHA mortgages but for anyone getting a new mortgage.
I have been a Mortgage Loan Officer in the St. Louis and St. Charles area for nearly 20 years and here are some of my TOP Do's and Don'ts for a First Time Home Buyer, FHA Mortgage or anyone buying a new home in Missouri.
This isn't your typical list but it is the Top 10 of what I have … (0 comments)

first time home buyer: FHA - Less Than Perfect Credit Score Mortgage - 06/07/11 08:42 AM
There's Hope For Every Home Buyer With Less Than Perfect Credit
Have you been turned down by other mortgage lenders for a FHA mortgage because of less than perfect credit? Are you concerned because you know you have had credit issues in the past or you just aren't sure of your credit situation?
We have all heard it is getting harder and harder to get a new home loan, especially if your credit scores are less than perfect. FHA allows for less than perfect credit score mortgage approvals, but many lenders have their own overlays to what FHA wants.
Today if … (2 comments)

first time home buyer: The FHA 203k Equity Plan for First Time Home Buyers - 02/02/11 12:53 PM
FHA 203k for First Time Home Buyers!
Are you a First Time Home Buyer? Have you been looking at the houses on the market in St. Charles, St. Louis or else where in Missouri and feeling a bit let down?
Nearly every day there are first time home buyers purchasing a home and settling for less than what they wanted. Why is that? Sure, the market of available homes is made up of mostly foreclosures, distressed properties, aged and outdated houses, that perfect home is difficult to find if not impossible. That is only part of the problem, too many first time home buyers settle for a not so … (0 comments)

first time home buyer: The FHA 203k the BEST HOME LOAN for First Time Home Buyers in St. Charles Mo, St. Louis Mo and the State of Missouri - 01/18/11 03:59 AM
 
THE FHA 203k Renovation Loan Program
I work with a lot of First Time Home Buyers throughout St. Charles, St. Louis and the State of Missouri helping them secure financing for their first new home, and I enjoy it quite a bit. There are always specific questions that I get when I initially start working for a First Time Home Buyer, one question I am asked a lot is; what are the best first time home buyer programs? My standard answer is, there isn't any first time home buyer programs, but that answer isn't entirely true.
There are several mortgage programs … (0 comments)

first time home buyer: Large 4 bedroom 2 Story Home For Sale in Florissant Mo, near St. Ferdinand Park - 07/06/10 10:22 AM
This LARGE 2 story all brick home home with oversized garage in Florissant Mo is now for sale. Priced to sell this home near St. Ferdinand Park will not last long. For the most up to minute price please contact Kristi Weber at 314-333-2225.
 
This 4 bedroom family home is perfect for the entire family, 2.5 bathrooms, an oversized 2 car garage, and large patio all located on a peaceful and quiet cul-de-sac in Florissant Mo.
Within a short drive or possibly walking distance to St. Ferdinand Park, the park offers a stocked fishing lake, lighted playing fields, play grounds … (0 comments)

 
Bob Rutledge, FHA 203k - USDA - FHA - Down Payment Assistance (USA Mortgage) Rainmaker large

Bob Rutledge

FHA 203k - USDA - FHA - Down Payment Assistance

Saint Louis, MO

More about me…

USA Mortgage

Address: 12140 Woodcrest Executive Drive, Suite 150, St. Louis, Mo, 63141

Office: (314) 628-2218

Mobile: (314) 913-9678

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