Category: First time buyers
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How tough is FHA manual underwriting?
It’s freaking brutal….but so is all underwriting right now. Remember the underwriters’ job is to assess risk and uncover any reason NOT to make a loan. The best way to get through underwriting any home mortgage loan other than private hard money (that’s still super easy) is to be prepared with all of the paperwork…
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California Home Mortgage Lending
California borrowers can save big by refinancing a California mortgage. With one of the highest priced markets in the USA refinancing one of these high balance loans can easily save you more than $500 per month. Top Refinance programs in California Harp 2.0 Fannie Mae or Freddie Mac Streamline Refinance programs – FHA, VA, portfolio…
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New York Mortgage Loans
Learn more about available home loan options in New York. Refinancing Your Home Loan HARP 2.0 – Freddie Mac Relief Refinance or Fannie Mae DU Refi Plus Regular rate and term refinance Cash out refinance First Time Buyer Purchasing a home in New York Fannie Mae HomePath FHA 203b and HUD One Hundred dollar down…
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VA Home Mortgage Loans
VA lending guide The VA Home loan program is only for veterans and their spouses. There is no down payment required which makes this an excellent first time buyer home loan program. Very much like the USDA Home Loan Program there is no monthly mortgage insurance premium and some of the closing costs can be…
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USDA Home Loan Program
USDA first time buyer guide The USDA is way underutilized by borrowers. Most buyers with low to moderate income will qualify for USDA 103% financing. Learn more about the income limitations for your area The rural development home loan program is geographically based. The home you are financing must be in the USDA lending area.…