Don't Think You Can Qualify? NOW Roommates CAN Help!

By
Real Estate Agent with Brokers Guild Cherry Creek Ltd IA100052670
https://activerain.com/droplet/4Psb

Struggling with buying a home because you don't think you can qualify?  

Do you feel like you are throwing away your rent money? 

Have you tried for a home loan and been turned down? 

Now anyone living under the same roof can HELP the qualifying process with a new FNMA loan called "HomeReady™." 

The loan that DELIVERS home ownership for the way we live today! 

  • If ANYONE lives with you, their income can be added to help you qualify (No credit report on household members living with you!) 
  • Roommate or Boarder income is allowed and names NOT on the title!
  • 3% down payment (gift funds from ANYONE are A-OK) 
  • It's tax time... start thinking! 
  • FICO score accepted down to 620 
  • Couples with one having bad credit can help quailify and NOT be on title so credit is not counted. 

The Transition Living Real Estate Team™is presenting Two opporutnities to come and hear about this new loan prodcut and get to know how you can become a home owner! 

First event is happening this coming Wednesday at the O'meara Ford Center 104th and I-25.     Northglenn, Colorado in the Community Room April 13, 2016 7-8:30 pm 

        Omerea Ford Center I-25 104th Ave                                  Omerea Ford Community Room

 

Debbie Everly with Megastar Mortgage will be the loan officer presenting the home buying loan options in the Denver Metro Area.  

Debbie Everly loan office Megastar Mortgage

Debbie Everly,

Mortgage Loan Consultant               

(D: 720-214-7675

(C: 720-717-8201

(F:  800-884-7280

*Email: deverly@megastarfinancial.com

 Address:   9556 Park Meadows Drive #100,   Lone Tree, CO  80124

NMLS# 314021 - CO License # 100023859  -  AZ License # 0915494  -  CA License # DOC-314021

 

The Second event will be at the Brokers Guild North office 12050 Pecos Suite #180 in Wesminster, Colorado Saturday May 21, 2014 10-11:30 am 

The Transition Living Real Estate Team™will be at all the events to help buyers understand the process of buying a home.  

  1. Who pays for the commission
  2. Getting qualified before shopping for a home
  3. Identifying home needs and wants
  4. Contract process
  5. Inspection and Resolution
  6. Insurance
  7. Closing and Possession 

RSVP for limited space & see other workshops

http://bit.ly/TransitionLiving Or Call 720-416-1984 or Carra@CarraRiley.com

Come to our FREE workshops to see if you CAN qualify for a home with the new FNMA "HomeReady™" loan program and include Boarder or Roommate income! 

 

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Topic:
Home Buying
Location:
Colorado
Groups:
Active Rain Newbies
Real Estate Rookie
Colorado Real Estate
Newbies Again
Cosmic Cow Pie...The Rome Way
Tags:
first time home buyers
cant qualify
transition living real estate team
homeready loan
debbie everly
omeara ford center community room
megastar mortgage

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Rainmaker
783,646
Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

Carra, this is great information to know and will help many buyers who need a little assistance! Thanks for sharing this.

Mar 05, 2016 11:06 PM #1
Rainmaker
993,811
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Good program to know. Does not work with two singles unrelated. They will get married and then has to buy each other out.....  

Mar 05, 2016 11:17 PM #2
Rainmaker
1,026,929
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

That is an amazing program and I am sure it will spark a lot of interest! 

Mar 06, 2016 06:53 AM #3
Rainmaker
2,493,645
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Roomates are a good way for homebuyers to make those payments too.  When I was first licensed back in the 1980s, I worked in a real estate office not far from an Air Force base here in Sacramento.  I sold a lot of homes to the Airmen. Often, they were single, and would buy a 3 or 4 bedroom home, and then rent rooms to fellow airmen.

Mar 06, 2016 11:57 AM #4
Rainmaker
1,161,332
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Wow, that's good news. It will motivate those already renting with a roommate towards buying.  Love it.

Mar 17, 2016 05:25 AM #5
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Rainmaker
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Carra & Shae Riley

Helping people Transition at all ages!
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