|
|
Popular Loan Programs Fixed Conventional Loans Much has changed in the mortgage market in the past year. Credit has tightened but rates are still great. This may be the loan for you. Call for a free prequalification Adjustable Rate Mortgages Conventional ARMs are back and rates are running somewhere around 1% less than a Conventional 30 year loan for a
three year fixed and five year (3/1, 5/1) fixed that covert to a one year adjustable at the end of the fixed period. These
are great for employees who are subject to transfer. Veteran Loans Veteran loans are 100% of the appraised price. Seller contributions allowed are 6%. Veteran loans are qualified by residual income and the ability to repay the loan so they are underwritten differently than other loans. If you have been in the service and have you Honorable Discharge papers, call me and let me qualify you for a home. Many times, veterans have purchased a home with a small amount of money brought to closing. Let me tell you how this could work for you. FHA Loans With the current credit tightening, this is the loan for first time homebuyer
that is not a veteran. It only takes a small down payment and the Seller can pay up to 6% of your closing costs.
Credit scoring is more liberal than conventional loans. You can apply for this loan just two years after the
discharge of a bankruptcy. Call me to see if you fit this loan. |
2500 West Loop South, Ste 250, Houston, Texas 77027
Office: 281-583-4097
