The Power of Good Advice

ORM Blog

  • Facebook Social Icon
  • LinkedIn Social Icon

February 13, 2020

When buying a house with financing, the lender must verify the home's value and condition.  Usually through ordering an appraisal. Conventional and FHA appraisals have slightly different processes and may vary in their requirements. Tip. Federal Housing Administration, or FHA, loans typically have strict appraisal inspection guidelines. A conventional appraisal and FHA appraisal may have different requirements for passing inspection.

May 8, 2019

100% Financing Home Loans for New and Repeat Home Buyers.

  • Do you have a client that wants to buy a home but doesn’t have the down payment? You’re not alone.

  • 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a down payment.

  • New and repeat home buyers are eligible for 100% financing through nationwide government-sponsored programs

Qualifications 

-   Fico 640 and above

-...

April 12, 2019

One Republic Mortgage offers a variety of reduced documentation and alternative documentation loans for borrowers that cannot verify their income through traditional means such as bank statement loan program and assets as income loan program.

BANK STATEMENT LOAN PROGRAMS. 

Our bank statement loan programs are designed for self-employed borrowers that are not able to verify their income with tax returns. We can verify deposits on business or persona...

April 5, 2019

We at One Republic Mortgage have heard your calls for a more consolidated first time home buyer program! There are close to half a dozen purchase financing options we offer, below is a basic and quick summary for our new Conventional product.

  • 620 minimum FICO

  • Free Appraisal!!! (credit at closing)

  • Up $2,500 closing cost credit from One Republic

  • Primary Residences

  • 3% min down payment

  • Lower or no Private Mortgage Insuranc...

February 7, 2019

BUYING POWER : Section 8 Qualifying Income

The Section 8 housing program provides rental assistance for low-income families. What many people don't realize is that it can also help them buy a home.

Under Section 8, qualified families can have a portion of their rent paid through what's called the Housing Choice Voucher Program. The reasoning behind the home-ownership program is that, rather than giving that money to a landlord every month, the gov...

December 4, 2018

CHALLENGE: THE CONDO GAME!

Currently, people that looking to purchase a condo need to be able to qualify for conventional financing if the condominium association is not FHA approved. Even with the new Fannie 97%  LTV loan available, it has not helped the market as much. People still need to have great credit, plenty of assets, and a low debt-to-income ratio. Without the ability to take advantage of the leniency of the FHA loan, many buyers are ou...

Please reload

ONEREPUBLICMORTGAGE
an Illinois residential mortgage licensee 

CALL

T: 888-855-7211 

F: 847-239-7629
 

OFFICE

725 E.Dundee Rd., Suite 201

Arlington Heights, IL 60004

FOLLOW US

  • Facebook
  • LinkedIn
  • YouTube

© 2014 - 2020 by One Republic Mortgage, Inc.   |   NMLS #258913    |   MB.6760633   |  NMLS Consumer Access