According the NAR 2023 Profile of Homebuyers and Sellers, the median length of time buyers waited to buy a home while saving for the down payment was four years! The buyers were asked what expenses made saving for a down payment difficult: 52% reported high rent or a current mortgage payment 42% said student…
Did you know we have a mortgage program that doesn’t require any income documentation when purchasing an investment property? We do! It’s called a Debt Service Coverage Loan. And, the rent from the property is the only income you need. No tax returns, or pay stubs needed. Down payment on this program ranges from 10%…
According to USA Today, only 30% of veterans know they can buy a home with no money down. That number just seems crazy,but apparently there’s a lot of heroes out there that are unaware they are entitled to 100% financing as a benefit when buying a house! BTW, the TX Vet rate is the same…
These loans are designed for self employed people that have trouble proving their income through traditional means. Very simply we take the aggregate deposits of your bank statements (can be personal or business) and use this for your income. Variables of Bank Statement loans… 24 Months of bank statements. 12 Months of bank statements. 2…
Would you like to buy a nice home in the country or an outlying suburb with no money down? Here’s a program that might work for you… It’s called USDA, and here are some details on this program… -Up to 100% of the Appraised Value – Total LTV of 102% – -Difference of sales price…
We help alot of borrowers with FHA loans. Here are some interesting facts about FHA loans, and why they are so popular… FHA loans make up over 80% of 1st time buyer mortgage 73% of 1st time buyers over 95% LTV and under 680 fico use FHA The average credit score in TX is a 681 By…
Did you know we can do ITIN loans up to 90% loan to value ratio? An ITIN number is issued by the IRS to non-resident aliens who are not eligible to receive a social security number. If you or someone you know are interested in how to qualify for a 10% down loan as an…
I wanted to let you know we have a 2% to 5% downpayment and closing cost assistance program called “Homes for Texas Heroes”. If you are in one of the following professions you may qualify for this purchase program: Professional Educators, Which Includes The Following Full-Time Positions In A Public School District: School Teachers, Teacher…
If you have a conventional loan, and your loan to value ratio is over 80% – you will be paying monthly mortgage insurance to the lender. No one likes paying monthly mortgage insurance. It’s extra money added to your payment every month, and it doesn’t help pay down the balance of the loan. If you…
Did you know even if you have “challenged” credit you can still get a low down payment loan to buy a house with FHA? We can do down payments as low as 3.5% down to a 580 credit score! And, we have several down payment assistance programs to help you too. So, if you…