jumbo loan: No Income or Employment Required - Primary Home Loans
- 03/23/22 01:21 PM
We offer a few mortgage programs that do not require any income! We can leave the employment section of the application completely blank. If you have a buyer that fits one of the program descriptions below we can close the loan fast and easy. No one else in the market is offering this on primary residences and if they are there is a good chance they are brokering it to my bank. I am the direct lender.
Community Mortgage (Primary and Second Home) FICO 640+ Loan Amounts to $3MM (Based on FICO & Reserves) No Income / Employment Documentation Req'd No Prepayment Penalty … (0 comments)
jumbo loan: JUMBO LOAN WITH DECLINING SELF-EMPLOYMENT INCOME
- 01/30/19 07:01 PM
For most jumbo lenders a Self-Employed borrower with declining income can become an issue. The concern from underwriting is how much will future declines be and how long will the declines last. Underwriters as most big banks do not like this uncertainty and therefore may decline a file do to it. Is there any way to get APPROVED with DECLINING SELF-EMPLOYED INCOME for a Jumbo Loan? Yes there certainly is. I have access to several JUMBO investors who will consider this with a story. Over the years I have gotten many of these approved. Some things that you may want to prepare are – … (1 comments)
jumbo loan: Buying a Home After Foreclosure 2019 Update
- 01/29/19 02:29 PM
Welcome to 2019. We are another year past the financial meltdown that left many well intended people with Foreclosures on their records. New programs keep coming out that are changing the dynamics of getting a mortgage after a Foreclosure. I will post another blog specifically for getting a mortgage after Short-Sales and Bankruptcy , but for now this is focused on loans after a Foreclosure.
Portfolio Mortgages (Also sometimes referred to as Non-QM) These are the most flexible mortgages to get after a Foreclosure. Some programs do not require a wait period while others have a specific waiting period. The longer the waiting period … (2 comments)
jumbo loan: Low Downpayment Jumbo Mortgages are Available Now! 2019 update
- 01/28/19 04:56 PM
For years after the financial crash homebuyers had to put down 20% to get a Jumbo Mortgage. Many would be home-buyers still believe this. Most people in the industry, including Realtors, know that you can put down much less than 20% down to get a conventional or FHA loan. They may not however know that 5% down Jumbo loans are available. Here are some reasons why Real Estate agents should tell their clients about lower downpayment Jumbo loans Benefits to a Low Downpayment Jumbo loan A homebuyer may find a home in the perfect location , but the home needs work to update/modernize . … (0 comments)
We offer a few mortgage programs that do not require any income! We can leave the employment section of the application completely blank. If you have a buyer that fits one of the program descriptions below we can close the loan fast and easy. No one else in the market is offering this on primary residences and if they are there is a good chance they are brokering it to my bank. I am the direct lender.
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