mortgage: Mortgage Approval After Bankruptcy - St. Louis and Kansas City MO - 04/21/16 11:58 PM
Mortgage Approval   
After Your
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. … (3 comments)

mortgage: 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.
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)

mortgage: Bad Credit? Getting an FHA Loan in St. Louis MO Just Got Easier - 10/24/13 05:18 AM
Are considering buying a home in the St Louis area? St. Charles? Have you been turned down for a mortgage because your credit scores were too low? Are you concerned about your credit so you won't consider buying a new home?
What is a bad credit score for a new mortgage? The chart tells us that the average credit score is 678, so anything less would be considered below average. Most lenders in and around St. Louis … (0 comments)

mortgage: 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)

mortgage: Experience- The KEY to closing a FHA 203k Renovation Loan in 45 days - 05/18/13 11:30 AM
The Key To Successfully Closing A FHA 203k Renovation Mortgage In 45 Days or Less is......  
Yes, it is possible, regardless of your experiences in the past or what you have heard it is possible to close an FHA 203k Renovation Home Loan in 45 days, maybe less.
If you don't know the experience level of your FHA 203k Renovation Team you are only asking for trouble, delays and the risk of the loan never closing period. And just because you found it on the internet doesn't make it true.

mortgage: FHA 203k - The Top Home Improvements That Pay You Back - 05/12/13 03:14 AM

The Top Home Improvements to Use with the FHA 203k Renovation Home Loan
A Recent study released by HUD regarding the FHA 203k Renovation Mortgage Program stated that after all work was completed homes that utilized the FHA 203k Renovation Home Loan had over 22% equity in the home.
Imagine what that can mean to a new home buyer who has bought a fixer upper with a 3.5% down payment or the home owner that is wanting to sell their home in the near future but has little to no equity in their home to realize that needed profit.
Buying … (1 comments)

mortgage: 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
'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)

mortgage: Writing a Sales Contract with FHA 203k Financing - 05/01/13 06:15 AM

This article is written by a Mortgage Loan Officer who has no experience writing real estate sales contract but has closed 100s of FHA 203k Renovation mortgages plus HomePath Renovation and HomeStyle Renovation loans over a 15 year career. My experience as a Renovation Mortgage Specialist and Certified FHA 203k Specialist provides a unique insight that has assisted many home buyers and their real estate agent with this highly useful and unique mortgage program.
FHA 203k in the St. Louis and St. … (1 comments)

mortgage: 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
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)

mortgage: Home Remodeling and Improvement Loans in St. Louis and St. Charles Mo - 06/17/12 10:45 PM
With interest rates so low Home Remodeling or Home Improvement loans are becoming very popular again. You have owned your home in the St. Louis and/or St. Charles Mo area for a long time, a short time or some where in-between and you are considering making improvements to the home. You have many choices available to you as to how to pay for this expense, you can use your own savings, put it on a credit card, use your contractor's financing, get a home equity line of credit, or you can refinance your current mortgage and receive the money to fix … (3 comments)

mortgage: 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)

mortgage: The HUD $100 Down Payment Program - Buying a Foreclosure in St. Louis, St. Charles and Missouri - 10/30/11 09:05 AM
It's back! After leaving Missouri, St. Louis, St. Charles and the surrounding area HUD has brought back the $100 Down Payment Program for a limited engagement! $100, that is all you'll need for a down payment to buy a foreclosure offered for sale by the government.
Yes, the U.S. Department of Housing and Urban Development has brought back the $100 down payment plan. This could be a tremendous opportunity for some people, first time home buyers or perhaps those looking to downsize.
HUD Foreclosures? So, just what kind of home can you buy with $100 down? Some of these are modest … (0 comments)

mortgage: 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)

mortgage: 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)

mortgage: 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)

mortgage: HomePath and HomePath Renovation in St. Louis and St. Charles Mo - 05/15/11 05:01 AM
If you are buying a new home in St. Louis, St. Charles or anywhere in the area or even if you are considering buying a new home in the St. Louis area you can't help but notice the number of available foreclosed homes that are on the market. One in three homes sold in today's housing market is a 'distressed' home and foreclosures make up a large portion of that market.
This is especially true if you are looking for those ever mentioned bargain homes, the homes that are priced well below market value. With so many distressed homes on the … (0 comments)

mortgage: 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)

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

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

Email Me




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