MY COMMUNITY to help qualify with poor credit, no reserves, and limited trades

By
Mortgage and Lending with HOPE Lending LLC

 

 HOPE Lending

 

Now available for ALL FULL DOC BORROWERS.  Additional flexibility for families living with disabilities, Fire Fighters, Police, Healthcare Workers, Teachers, & Military.

 

  • 100% Financing for Purchase & R/T Refinance
  • Tax Deductible MI @ 20% (low factor est. @ .59)
  • Must make less than Median Income Limits:  King & Pierce $70,800 and Kitsap $63,200
  • up to 64.99% DTI ratio
  • NO Reserve Requirements
  • FICO as low as 600
  • Flexible on Credit History with nontraditional trades required
  • Borrower may not own another home at closing.
  • May use Other Income to qualify:  including Rental & Social Security
  • Home Buyer Education NOT REQUIRED
  • Minimum Borrower Contribution $0 & Seller Contributions up to 6% 
  • Each borrower qualifications based on FICO, assets, income, and debt. APR, Tax & Insurance to be determined.
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Location:
Washington King County Bellevue
Tags:
first time home buyer
my community
low credit score
mortgage
melissa olson
hope lending
no reserves
limited tradelines
flexible guidelines

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Rainer
48,376
Robert Ratliff
Ratliff Realty Group RE/MAX Las Vegas - Las Vegas, NV
RE/MAX Realtor Las Vegas

thanks for the info

bob

Jun 09, 2007 11:15 AM #1
Rainer
33,856
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC

Hi Bob,

You're welcome.  I like your page!

Jun 09, 2007 11:25 AM #2
Rainmaker
194,673
Leo Namiot
Canopy Mortgage - Jacksonville, FL
Outstanding Service & Great Rates
This is a great program, thanks for the post.
Jun 09, 2007 12:11 PM #3
Rainer
33,856
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC

Hi Leo,

Glad you like it.

:)

Jun 09, 2007 12:19 PM #4
Ambassador
749,666
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Melissa.... I concur. Job well done. But we don't want to tell all lenders about this program....  ;o)  Especially those that were stuck on those subprime loans, when their client might have deserved one of these loans instead.

                                                                                                       jeff belonger

Jun 09, 2007 12:24 PM #5
Rainer
33,856
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC
Jeff....lol...This is why I provide a worksheet to my client showing options of different programs, loan amounts, payments, etc.  I want them to see the analytical process I go through for them to decide which is right for them. 
Jun 09, 2007 12:36 PM #6
Rainmaker
468,727
Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing

Melissa......

Do your programs work nationwide or is this a statewide or regional thing?

Jun 11, 2007 01:37 AM #7
Rainer
33,856
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC
Hello Alexander - This is nationwide.
Jun 11, 2007 10:22 AM #8
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Rainer
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Melissa Olson

HOPE Lending LLC
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