approved: Dave Your Mortgage Guy Testimonial- Doug from Michigan - 03/30/16 04:29 AM
During the summer of 2015, my girlfriend Amanda and I started the house hunt for our first home. We found the house of our dreams after a couple of months and submitted our best offer. We submitted all information the bank needed only to find out (1 week before closing) that my status in the USA ( a TN visa ) is not accepted by the underwriter. Everything fell apart. I had searched the internet endlessly to find a solution that might save our deal. I found David Krichmar that wrote about Canadians being approved for home loans in Texas. We … (0 comments)

approved: Dave Your Mortgage Guy.com Testimonial- Antonio and Joyce - 06/03/13 07:05 AM
Me and my wife are thankful to David, he is really "the mortgage guy". An expert, I would say! We've been living in USA for about one year, holding work Visas, and before we find David... we heard at least 3 "sorry, but you can't get a loan". As David says in his website, it's amazing how most of lenders don't know how to act facing a situation like ours. So, after find David, since our first contact, he was very professional, dynamic, smart, giving us fast replies, feedbacks... he was able to register our FHA case before some recent changes, … (0 comments)

approved: How do I Find a FHA Approved Condo for My Homebuyer? - 02/20/12 01:51 AM
As you know condo financing has become much much much harder!  But what do you do if you are working with a homebuyer who is FHA approved and wants to buy a condo.   You can not rely on the listing agent’s comments on if it is approved for FHA financing, since some times they are wrong or their information is out of date.  And you can’t drive all over the city hoping to find a condo your client likes and cross your fingers it is FHA approved.  So here are the 3 quick steps to find FHA approved condos for your … (2 comments)

approved: I Am New To The United States, How Do I Eventually Get A Mortgage?? - 07/14/11 08:55 AM
When coming over to the US, you have a couple items to pay attention to so you can eventually get a Mortgage.   I will go over the specific things to address when you move to the United States and how to be better prepared for eventually getting a Mortgage.  Here they are: 
Your Visa- Most likely you will be here on a Visa.  You want to make sure that Visa is an approved Visa to get a mortgage.  For the list of Visa's: Immigration Visa.  If Your Mortgage Lender denied you for a mortggage because of your Visa, but it appears on this list, … (1 comments)

approved: FHA Loans Under 640 Credit Score in Texas. Know Your Options!! - 06/06/11 11:27 AM
Many mortgage lenders have a minimum credit score of 640 needed to do approve a FHA loan.  But, that is not always true.  I am able to do loans under 640.  Here is the break down for FHA loans with scores under 640. 
 
Credit Score 620 to 639
With any  loan that has a score under 640 the underwriter wants to make sure the borrower is a strong client even thou their scores maybe lower. Here are the requirements needed to help you get approved for your mortgage with a score under 640:
A Debt to Income Ratio of 45% … (0 comments)

approved: How to find out if a House Qualifies for a USDA loan. Rural Homes - 01/24/11 04:02 AM
USDA loans are amazing mortgages.  You can qualify for 0% down payment and no mortgage insurance.  When applying for a USDA loan you must be approved for the mortgage.  And the home you are interested in must qualify for the program, also.  The home must be in a Rural area and approved by the United States Dept of Agriculture- Rural Development.  To find out if the home qualifies go to USDA.  Click on "single family housing".  Then input the address and the website will tell you if it does or does not qualify for the program.  When applying for a mortgage … (9 comments)

approved: How To Find Out if That Condo is Approved for a VA loan - 01/20/11 07:19 AM
Condo financing has gotten harder.  In order for your buyer to buy a condo with a VA loan, the condo must be VA approved.  In order to find out if the Condo is VA approved checkout: VA Condo.  It is the direct link to VA's website to find out if the condo is approved.   Please call or email me with any questions. 
(2 comments)

approved: C is for Condo, T is for Townhome. Pay Attention to which it is in Houston, Texas - 01/19/11 12:02 PM
Here in Houston, we have a unique situation.   It is "condos" that look like Townhomes.  It walks like a townhome, talks like a townhome, but its quacks like a condo.  The property is listed on HAR.com(MLS) as a townhome, it looks like one.  The contract is done on a 1-4 family residential contract.  But on the tax record it shows a Condo.  to know the exact answer, look up the property on the Harris County Appraisal District.  And look under the "building type".  Some genius came up with the idea that if you call townhomes, condos you can build more of … (0 comments)

approved: How to Find out if that Condo is FHA Approved. - 07/02/10 03:20 AM
Condo financing has gotten harder.  In order for your buyer to buy a condo with a FHA loan, the condo must be FHA approved.  In order to find out if the Condo is FHA approved please use this link: FHA Condo.  It is the direct link to HUD's website to find out if the condo is approved.  I suggest making sure you put the condo project's name in the search options, it will give you the best result.  You can also search for approved complexes by searching by zip code.  And make sure the approval is not expired.  The approval expiration … (7 comments)

 
David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending) Rainmaker large

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

More about me…

www.DaveYourMortgageGuy.com - Legend Lending

Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

Office: (832) 689-6012

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