As long is there no changes, to your credit, debt, income or assets a preapproval is good indefinitely from the time that you originally get preapproved with a mortgage lender to the time that you get into contract purchase a home. Upon getting into contract to purchase a home, you’ll want to provide updated financial…
This depends on a few factors such as your credit score, income and assets. We usually recommend the following first time buyer programs, most notably the FHA program and the USDA program. These programs have very flexible credit qualifying guidelines by allowing less than perfect credit scenarios as well as flexible down payment options. For…
Sonoma County Mortgage Rates are quite low. In fact locking-in a 30 year fixed rate mortgage around 4% is pretty common these days. Whether purchasing or refinancing, securing the best mortgage rate is on everyone’s mind. However, while getting the lowest rate is certainly an admirable goal, qualifying for that mortgage loan become something else…
You will need at least at least the middle credit score of 640 or higher to buy a house. If you’re getting mortgage loan financing, such as an FHA loan or a USDA loan, the middle credit score needs to be 640 or higher. However, if you’re going with conventional financing, and you have a…
To secure mortgage loan today, you can have no thirty-day mortgage leads in the last 12 months. Your mom will have to wait a period of one year to be able to secure mortgage loan financing.
It’s a fact buying a house today has never been more affordable. Low house prices coupled with record low mortgage interest rates have made purchasing a primary residence, second home or investment property very appealing for many. Unfortunately, many purchase transactions fall out of escrow, some buyers are unable to qualify for mortgage loan financing…
So is it true 30 year mortgage rates are at 3.25%? Well that depends on how you look at it. The answer is yes if you willing to invest discount points to purchase your interest rate down, so long as your financial profile is completely flawless. Otherwise for the 99.9% us, 30 year mortgages are…
Single family homes, condominiums, planned unit developments….. and then there’s 2 to 4 unit properties, often called duplexes, tri-plexes and four-plexes. A 2-4 unit property is the oddity of the various property types, it’s this property type that has the most confusion when it comes to securing mortgage loan financing. People think a single-family residence…