AS of today I now can offer stated income loans. It was just released this morning. We can do loans up to $750,000, stated income. The Maximum loan to value will be 80%. Purchase or refinance. Rates are showing as low as 4.875 30 year fixed. This is the first positive change I have seen in long time. Now, if we can get non-owner loans back, it will show that we could be returning to a more stable market place.
Turn times in getting your loans done, have been more than difficult to close in a timely manner. We are currently offering a 24-48 hour turn time for underwriting and the same for getting the docs out the door.
USDA housing is a great loan for folks that do not have a down payment. Please call for details on these.
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