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New Law Will Protect You From Surprise Closing Costs

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You’ve heard the home closing stories: At the eleventh hour buyers find that the amount needed for closing is different from what they were told. Ack! Fear no more. There’s a solution. If you’re about to close on a new house, your timing couldn’t be better. Thanks to new mortgage rules from the Consumer Financial […]

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Mortgage Rates

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30-year fixed-rate mortgages: averaged 4.04 percent, with an average 0.6 point, rising from last week’s 3.87 percent average. Last year at this time, 30-year rates averaged 4.20 percent. Call me to start your dream home search. Still inexpensive money.

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Get a loan w low credit

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Scores down to 580 with FHA 3.5% down, scores down to 500 with 10% down, scores below 500 also available! -Scores below 500 available, but are higher in rate, and require more down payment. -Down payment assistance loan – provides a fixed rate 2nd loan up to 3% of Sales Price to use for down […]

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Credit Scores Relaxed

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  FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans. The changes include reducing the toll that overdue medical bills can take on credit scores, as […]

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Buying with a prior foreclosure

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FHA added an “economic event” category that could help some borrowers qualify sooner to buy again. If they had a previous short sale, BK, or foreclosure due to an economic event that caused the loss of job or loss of income, they could potentially purchase after just 1 year instead of waiting the full seasoning […]

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Government Closings

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With the government shutdown, USDA Rural loans could be delayed since those underwriters are not working. The IRS will not process tax transcripts which can delay the loan getting underwritten – or at least fully approved.

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