There are so many different products in the mortgage industry, there is most likely something for you! My job is to direct you in right direction with the different lenders we have, if you need a pre approval, call me at 480-466-4917 to get started!
FHA Loan:
- 3.5% down payment
- Fico’s as low as 580
- Manual underwrites
- Condo’s ok!
VA Loan:
- 0% down payment
- Min FICO 600
- Manual underwrites
Conventional Loan:
- 3% down payment
- Min Fico of 620
- Up to 97% loan to value
- Financing for properties with 5-10 financed properties
What drives mortgage Rates?
Rates go up because of
- Unemployment rates goes down
- better then expected economic data
- middle east tensions
- higher consumer price index
- higher wholesale prices
- stock market on the rise
- A global serene landscape around the globe
- China’s gap improves
Rates go down because of
- Jobs data stagnant or in decline
- Housing weaker then expected
- Conflicts or acts of terror
- hourly earnings lower
- Stocks in decline
- natural disasters
Loan process do’s
- Make all payments on time
- Tell lender of all properties you own
- Mention employment changes asap
- Keep working with your current employer
- Keep all your pay stubs
Loan Don’ts
- Don’t apply for new credit cards
- Don’t make cash deposits
- Don’t transfer any money around
- Don’t open and new credit
Call me today at 480-466-4917
Jay Bru