Same day home loan approvals do happen. I have them happen quite often, and yesterday it was less than thirty minutes after I submitted a file.
The key to a quick turn around in underwriting a home loan is the quality of the submission. The quality of the submission is dependent upon a seasoned loan originator who knows what documents are needed, assemble them in a clear order, document the file with an explanation of the contents. Of utmost importance in the quality of the submission is the person seeking the home loan providing the loan originator with … (1 comments)
For Kentucky Conventional Purchase Loans And A Limited Time Only save up to $525 on the appraisal fee.
Closing costs are not a pleasant part of the home buying process. Many costs cannot be avoided because they are necessary.
Sometimes an appraisal is not required at all when making a home purchase and using automated underwriting. In itself that is a savings but not all home buyers can count on that. Generally those loans are for borrowers with higher credit scores and higher down payments. When working with one of my best lenders the appraisal fee … (0 comments)
For home buyers looking to purchase a home with little or no down payment low down payment programs are available. Before the housing collapse I did many loans where no down payment was required. After the collapse these went away except for the government programs such as VA and Rural Housing.
Rural Housing and VA are still two great zero down programs. I can now offer a down payment program as low as 1% down, a conventional loan at that. Not everyone qualifies since there are some income limits as well as property location, debt to … (6 comments)
Again low and no down payment home loans are becoming more plentiful. After the housing collapse some of the home loan options went away. In some cases that is a good thing. When someone purchased a home using a no or low down payment option and they had no clear idea of what they were getting that was problematic. The low down payment loans available today don't come with a lot of risky features. Here are some loan programs not requiring a large down payment.
New!! 1% Down Conventional Loan One of my lenders announced today a 1% … (1 comments)
SAME DAY HOME LOAN APPROVALS
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