After the market crash and subsequent rebound we have seen steady changes in the mortgage guidelines and products available. So if you are wondering if you can get a loan to purchase that next dream home give me a call and I will listen to your situation and let you know what options you have and connect you with the right lender to meet your specific needs. Right now we are truly in a buyer’s market with inventory on the rise and prices stable. This market won’t last forever so if you have been thinking of buying now is the time. So contact me today and let’s see what your options are.
As an example here are some of the products now offered by a lender I work closely with, many of these programs were unavailable a few months ago.
1. Self-Employed Jumbo Product- loan amounts between $417,001 and 2million; no tax returns needed; income based off last 2 months bank statements.
2. VA Loans- Loans up to $687,500 with no down and no Mortgage Insurance as well as loans up to 1.5million with a low down payment and no Mortgage Insurance.
3. Jumbo loan with No Mortgage Insurance up to 89.9% Loan to Value for purchase as well as refinance.
4. Back to Work Program- for those with a shortened recent work history.
5. Low Fico Score Programs
6. Reverse Mortgage Program
7. New Start Program- a special program designed for those with a recent foreclosure or short sale and less than perfect credit.
8. Protect Your Transaction- a new program designed to make your offer much more appealing to sellers. If we cannot draw your loan documents in a certain period of time then the seller will receive up to $10,000. This is an insurance policy which is connected with your Pre-Approval letter.
These are just a few of the amazing programs I have access to in my lender network. If your thinking of buying or wondering if or how much you can afford to buy contact me and let’s go over your situation, review your options and get you headed towards that home of your dreams.
949 599 6859