missouri: Mortgage Approval After Bankruptcy - St. Louis and Kansas City MO - 04/21/16 11:58 PM
Mortgage Approval   
After Your
Bankruptcy
St. Louis, Kansas City
Springfield, Columbia
and Missouri
 
 
You Are Not Alone
I recall the feelings that ran through me when I felt compelled to file for a Chapter 7 bankruptcy, I felt as though I was an outcast and ashamed that I could not handle my obligations. For a very long time I barely admitted it to myself much less my friends.
Now I realize that I did not have a solid handle on my finances and it took a couple small set backs to put me into the position of bankruptcy. … (2 comments)

missouri: 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)

missouri: Bad or Poor Credit? The Secret to a Mortgage Approval - 03/01/16 11:12 AM

 
 
 
Getting a mortgage approval for home buyers with credit scores that some would judge as POOR or BAD is easier than what you have heard or would think!
 
 
Did you know?  That FHA allows for mortgage approval down to a 500 credit score? A 10% down payment is required but it is possible, in fact last year I helped two home buyers that had credit scores in the 540 range get approved to purchase a new home! If your credit scores are below 580 you will be required to put down 10% as a minimum for an FHA mortgage.
 
Getting a new home financed … (1 comments)

missouri: HARP 2 Refinance - Help for Underwater Mortgages in St. Louis MO - 11/04/13 02:21 AM
The New HARP 2.0 Refinance
 
Help for Underwater Mortgages for Homeowners in the St. Louis MO and St. Charles MO area!
 
The HARP or Home Affordability Refinance Program has made a small but significant change that will help more homeowners in the St. Louis and St. Charles area, really all of Missouri, refinance their underwater mortgages.
 
WHAT IS A HARP REFINANCE?
Harp was started in April of 2009, also known as the Home Affordable Refinance Program HARP is designed to allow responsible homeowners to take advantage of lower mortgage rates and payments, even if you owe as much … (0 comments)

missouri: The FHA 203k Renovation Mortgage Lender in St. Louis! - 04/08/12 01:44 AM
Are you looking for a mortgage lender in the St. Louis area who can help you with the FHA 203k Renovation mortgage? Do you have questions about the FHA 203k mortgage, have you found the perfect fixer upper, are you dissatisfied with your current FHA 203k lender? I may be a bit bias but I know that the best FHA 203k lender in St. Louis is USA Mortgage.
I closed my first FHA Renovation mortgage in 1998, when they weren't as popular as they are now, it was a learning experience that looking back I feel sorry for the home buyers … (0 comments)

missouri: USDA - Rural Development an Affordable Mortgage Option in Missouri - 12/16/11 04:11 AM
Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan. USDA Rural Development mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms. In the State of Missouri a USDA Rural Development mortgage is the way to go if you are interested in an economical and obtainable home loan.
In the past many have referred to … (0 comments)

missouri: USDA Rural Development Mortgage in Missouri - Buying a new home with Zero Out of Pocket Expense - 10/16/11 08:31 AM

Are you looking to purchase a home in a rural community, but wondering where to begin looking for help with a home mortgage? Good News! The U. S. Department of Agriculture (USDA) has a home loan guarantee program that can help you obtain a home loan mortgage. The USDA Rural Development mortgage program offers to qualified borrowers residential home loans in rural communities. With the help of this mortgage program you can be living in a new home with little or NO MONEY DOWN!

Established in 1949, the USDA Rural Housing Loans program of the US Department of Agriculture … (0 comments)

missouri: 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)

missouri: FHA Streamline - Refinancing Without An Appraisal in St. Louis, St. Charles and Missouri - 10/05/11 09:30 AM
The FHA-insured mortgage market share has increased 10-fold since 2006, spawning a huge class of first-time FHA borrowers around the country. FHA mortgages are identical to conventional mortgages in most ways, they're offered as fixed rate or adjustable; they're available with 15- or 30-year terms; and they don't come with prepayment penalties. But, because FHA mortgages are government-insured, FHA homeowners get access to a special, FHA-only program known as the FHA Streamline Refinance.
Want to learn more about FHA Mortgages? Click Here
FHA Streamline loans can help homeowners lower monthly mortgage payments and interest rates. But what do you need to … (0 comments)

missouri: 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)

missouri: Underwater Mortgage Refinance Options in St. Charles, St. Louis and Missouri - 08/02/11 05:22 AM

Refinancing your underwater mortgage, you do have options! Is your home underwater? You would like to refinance to a lower interest rate, save money every month, or shorten the term of your mortgage? There are just a few options available to home owners who has a mortgage that's underwater in St. Charles, St. Louis and the entire area. If you live in Missouri I may be able to help you.
With the steep drops in home values in recent years, many homeowners in the St. Louis Mo area and Missouri who would like to refinance their mortgage to take advantage … (0 comments)

missouri: VA Mortgage Help in St. Louis, St. Charles, Missouri - 07/26/11 01:01 PM
  Missouri veterans prefers a A VA (Veterans Administration) guaranteed home loan over other loans.  Why?For active, non-active, Reserve, National Guard, and retired military of the armed forces this loan is a great option because there is no down payment needed and no private monthly mortgage insurance required. What with the normally low interest rates and no mortgage insurance an eligible veteran can save money every month and/or qualify for more home. VA mortgage loans can be used towards purchasing a home, building a home, or refinancing an existing mortgage.
We will discuss what role the VA plays in a VA … (0 comments)

missouri: 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)

missouri: USDA Rural Development The Best No Down Payment Mortgage in Missouri - 06/16/11 04:25 AM
The Best 100% Mortgage in Missouri!

A Missouri USDA Guaranteed Rural Development Home Mortgage Loan is a flexible no down payment government insured program that is growing in popularity for rural areas of Missouri. It's designed to promote home ownership for residents with low to moderate incomes and who have limited savings for a down payment. The USDA loan will actually lend up to 103.5% of the home's appraised value and even allow the buyer to include closing costs in the actual loan (appraisal permitting). A common misconception about the USDA loan program is that it's for farmers, but you'll find many … (0 comments)

missouri: 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)

missouri: 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)

missouri: 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)

missouri: Bridgeton Custom Ranch Home 4 bedrooms, 3 car Garage Is For Sale! - 09/28/10 08:28 AM
What a great Custom Ranch in Bridgeton and the Pattonville School District! Have your own private park like backyard, great for Bar-Be-Ques or just relaxing. Enjoy a large deck that backs to a tree filled lot with a whole lot of space. Your walk out unfinished basement is waiting for your touches to make this home even more beautiful.

 Located near major highways and convenient to just about anywhere in the area. Have children, this home is located in the Pattonville School District! Four Bedrooms, three car oversized garage, 2.5 baths, 42'coustom maple cabinetry, ceramics tile and stainless steel appliances.
(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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