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Would a lender with an option to buy a home with no money down benefit you? I bet your answer was YES, right? Because who wouldn’t like to get into a home with no money out of pocket? I know it might sound crazy, but it can happen. In fact, it happened for a recent client of mine, Stacey. Stacey and I actually met back in March at a park. As our sons became playground buddies, we started making small talk. We mainly talked about the neighborhood improving and how much we love it. Stacey has built her life around the neighborhood, living in an apartment only a couple minutes from her office and her son’s school. The only downside was the extremely high rent. I asked her if she ever considered buying a home, as a mortgage on a house in the area is sure to be about half of the market rents for the area. Her only hesitation was the down payment. As a single mom, she’d express how hard it is to pay the expensive rents, take care of her family and save money at the same time, although she did say she would be ready in the next two years. My eyes perked up, because I immediately thought of our new Down Payment Assistance (DPA) program that we offer that actually requires no money down. When I told Stacey about our DPA program, she looked at me in disbelief, asking “How does that work?” I explained that the approval process is similar to a traditional FHA or Conventional mortgage loan. The main difference is that a soft second will be added for the total of the down payment. After writing up a pre-approval and connecting Stacey with a Realtor partner, she closed on a home she fell in love with at the end of April. Her Realtor was able to negotiate closing costs from the seller, and Stacey actually received a small check at her closing! If this sound likes a client of yours, let us help them take advantage of our DPA program too. Call us today (888)848-6065 #GoodTip #Lending #Mortgage #BusinessTips

HomeStyle Renovation Mortgage Continue With More HomeStyle… The HomeStyle is a Fannie Mae (FNMA) loan that essentially allows an investor to purchase a property and include the renovation costs into the mortgage. It’s quite similar to a hard money loan, but the significant difference is that the loan is a permanent loan (15 or 30-year fixed). It’s also traditionally a LOT cheaper. Since the loan is FNMA backed, it’s going to conform more to the market interest rates and fees for a conventional mortgage Who? Fannie Mae is America’s largest secondary lender. Many of their tradition guidelines that apply to conventional loans also apply to their HomeStyle product. One thing to keep in mind is that not all FNMA qualified lenders are qualified to also sell this product, so you must ask​. What? The HomeStyle loan is designed for investors and owner-occupant buyers as an alternative to the FHA 203(k) loan, as well as for second home buyers. When? Now! Remember, the HomeStyle mortgage process takes 45 and sometimes up to 60 days to close. Plan accordingly with your contracts. Where? HomeStyle can be used on single family residences for investments, and 1-4 unit properties for owner-occupied homes. Why? To preserve CASH! And? At One Republic Mortgage, our staff is very familiar and knowledgeable in assisting with this type of financing. Experience is key. FHA 203K 203K-ey Points… An FHA 203k loan allows the client to borrow money, using only one loan, for both home improvement and a home purchase. These loans can also be used just for home improvements, but there might be better options available. 203k loans are backed by HUD, which means lenders take less risk when offering this product. As a result, it’s easier to get approved, especially with lower rates​. Who? Because the Federal Housing Authority (FHA) is involved, lenders are willing to move forward with a property they otherwise wouldn’t touch​. What? Borrow enough to make the purchase plus enough for necessary improvements. When? A person can borrow enough to finance 110 percent of the home’s projected value after improvement. Appraisers will review the plans and take the future value of the home into account. Where? FHA 203k must be for owner occupied 1-4 unit properties only (condo, townhome, singe home, and 1-4 unit ok). Why? Fund repairs and purchase. Must borrow at least $5,000, and there are maximum limits set by the FHA that vary by location. With the 203k loan, like other FHA loans, down-payment can be as little as 3.5 percent up front. And? Team at One Republic Mortgage is eager and willing to advise, from your first showing to the closing table. Do not feel intimidated, feel confident and in good hands. #Mortgage #Lending

Have you ever had a client that wanted to sell and buy at the same time, BUT they found a house and just can’t wait? We recently had a unique scenario, it was tremendously successful, and we would like to share it with you. Scenario Let’s call them “the Wilson family”. The Wilson’s were in the market to upgrade to a larger home, but they were also selling their current property. After a relatively short search, an opportunity arose, and the house of their dreams was found, it was decided not to wait and risk losing it to another buyer. Solution For these clients we wanted to achieve a few key items such as, avoiding Private Mortgage Insurance, Jumbo Loan Underwriting, and higher Jumbo rates. One Republic Mortgage accomplished this through an 80/10/10 mortgage. As soon as the client sold their home, the proceeds were used to pay off the home equity line of credit (HELOC). We basically used the 10% HELOC as a bridge loan to cover what the Wilsons were going to bring as part of the down payment. ORM was able to deliver everything we wanted including our client getting into a regular conventional loan with the best rate possible. What is an 80-10-10 or ‘piggyback’ loan? 80-10-10 loans are structured as two mortgages with a down payment. The first number always represents the primary mortgage lien an 80-percent loan-to-value ratio (LTV ratio), and the third number represents the borrower's 10-percent down payment., the middle number represents the secondary loan lien a 10-percent loan-to-value ratio. At One Republic Mortgage we strive on creative financing options to accommodate any kind of a purchase situation that arises. Contact our team today, let us help your clients get the most favorable rates and programs available to them. Call us today (888)848-6065 #GoodTip #Lending #Mortgage #BusinessTips #RealEstate

Private mortgage insurance can add hundreds of dollars to a mortgage payment. Here’s how to remove PMI payments. The first is that you have by now accumulated/accrued at least 20% equity in the home, and your home is now at 80% of its original appraised value. PMI means lenders are more likely to offer low down payment, high-ratio mortgage loans. That’s good news if you need to buy a home with anything less than 20% down. When the balance drops to 78%, however, the mortgage servicer is required to eliminate PMI. A side note: while you can cancel private mortgage insurance, you cannot cancel recent FHA insurance. You can get rid of PMI in one of several ways. Pay Down Your Mortgage One way to get rid of PMI is to simply take the purchase price of the home and multiply it by 80%. Then pay your mortgage down to that amount. According to the Consumer Financial Protection Bureau (CFPB), you must also meet the following conditions in order to have your PMI removed: Your request must be in writing. You must have a good payment history and be current on your payments. Your lender may require you to certify that there are no junior liens (such as a second mortgage) on your home. Your lender can also require you to provide evidence (for example, an appraisal) that the value of your property has not declined below the value of the home when you first bought it. If the value of your home has decreased, you may not be able to cancel PMI. Because of that last provision, you may want to check property values in your area before applying to have PMI removed. If they’ve taken a downturn since you purchased your home, the lender may require an appraisal. Often, this is worth your while and the cost. But it’s best to be prepared. Pay the Mortgage Down to 78% of the Purchase Price Because of the Homeowners Protection Act, PMI now has a default setting This is a level at which it a lender must cancel it automatically. The mortgage servicer is required to drop your PMI coverage when the outstanding balance of your mortgage drops to 78% of the original value of your home. This should happen even if you do nothing in an attempt to remove the PMI. You must, however, be current on your mortgage at the time this happens. Otherwise the lender is not required to remove the coverage. Pay the Mortgage Down to the Midpoint of the Term This is another automatic PMI elimination process. Even if the amount of the outstanding mortgage does not fall to the 78% level, the lender is still required to remove PMI when at least half of the mortgage term has elapsed. On a 30-year mortgage, for example, PMI must be removed 15 years into the loan. This is true even if the mortgage balance exceeds 78% of the original purchase price of the house. Refinance the Mortgage If you are planning to refinance your mortgage to take advantage of a lower interest rate, you may be able to have PMI removed. This will work if your new mortgage is for 80% or less of the home’s current appraised value. You’ll most likely need an appraisal to refinance your mortgage, anyway. However, you’ll use the appraisal as the basis of your new mortgage, instead of just for eliminating PMI. You’ll need to be sure your new mortgage is for 80% or less of the home’s current value. Refinancing is the only option for getting rid of PMI on most government-backed loans, such as FHA loans. You’ll have to refinance from a government-backed loan to a conventional mortgage to get rid of PMI. Prove that the Value of Your Home Has Risen The final option for having your PMI canceled is to prove that the outstanding balance on your mortgage is 80% or less of the current value of your home. This can happen because of increasing property values, rather than because you paid your mortgage down. With this option, you’ll definitely have to get an appraisal that proves your property is now worth more. Check with the lender about what must be included in the appraisal before having one done. And be prepared to shell out a few hundred bucks to the professional appraiser. Also, double-check with your lender if you’ve bought your home within the past two years. Some lenders require at least two years’ worth of on-time payments before they’ll remove PMI. Don’t pay for an appraisal before you confirm your lender’s requirements. Terms and conditions may apply, contact to consult call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

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. The Conventional Appraisal​ Conventional appraisers base their valuation of a home's worth on three essential factors: location, condition and area comparable sales for similar houses. They'll also look for safety or health concerns in the home that would diminish the desirability of the home and thus reduce its value. A seller can help the appraisal value of their home by having a home inspection before marketing the house and making sure systems, like the air conditioner, furnace and water heater are in working condition. Completing unfinished projects, patching holes in the wall and removing chipped paint can also help a conventional appraisal. Buyers must keep in mind that the conventional appraisal is no substitute for a certified home inspection and termite inspection. Although the general condition of the property affects the property value and, as a result, the amount of money a mortgage company is willing to lend, there's no requirement for a property to meet specific standards as long as the selling price and requested loan amount fall within the valuation amount. The FHA Appraisal​ Federal Housing Administration loans can help buyers secure a home for as little as a 3.5 percent down payment. To secure a mortgage, the property must meet FHA minimum standards and meet a fair market value. The Department of Housing and Urban Development, which oversees the FHA, mandates that any aspect of the property that falls short of these requirements must be repaired before the FHA loan can proceed. As such, FHA appraisals are usually more strict than conventional appraisals. To qualify for an FHA loan, the appraisal must show: The roof is in good repair with no work needed for two years. There's enough living space for the family and satisfactory general condition of the home. Access to the house from the street. A solid foundation. Safe stairways with handrails adequately installed. No chipped, lead-based paint. Furnace, water heater and all appliances are operable Any environmental or noise issues – such as an airport zone – and how they impact property value Appraisal Costs​ The FHA doesn't dictate fees for appraisals, but you can generally expect them to run on the higher end of average costs – about $410 to $460 in the Chicagoland area. The price varies on the size and type of home. If you're the home's seller, make sure the house conforms to FHA guidelines by making needed repairs prior to the appraisal inspection. Correcting needed repairs may also help boost the home's value at the time of the appraisal inspection. Reference: Written by Jodi Thornton-O'Connell; Reviewed by Karina C. Hernandez, Realtor Call us, email us, visit us online! We are here to help. #Mortgage #Lending #RealEstate #Appraisal #BusinessTips

Spring is here and it’s time to get excited for warmer months ahead! The following maintenance tips will help you prepare your home, both inside and out. Make the most out of your property by sprucing it up this season! Home Team, the local inspection company, will provide quality reports, a non-alarming approach and superior customer service. Inside: Replace HVAC filters. Do this once every three months to keep the air purified. Test smoke alarms and change out the batteries if necessary. Clean out the dryer vent. This will improve the machine’s efficiency and prevent potential fires. Scrub walls, baseboards and door trims throughout the house. Use mild soap and water with a cloth or soft brush. Remember to dust first. Clean faucets and showerheads in the kitchen and bathrooms using vinegar. Calcium and hard water can build up over time, causing backups. Outside: Inspect roof for damage. Look for missing shingles, cracks, rust and stains. Be sure to remove branches, leaves and other accumulation while you’re up there. Hire a professional depending on comfortability. Check foundation vents for debris and damage. The screens collect leaves throughout the fall and winter, blocking air flow into the crawl space. Tears in the screen make it easy for rodents to get in. Clean your gutters. Scoop out debris by hand and get the rest out by using water from a garden hose. Make sure material flows away from the foundation. Power wash siding to remove dirt, mildew and other stains. Be careful not to angle the stream upwards. This prevents water from entering behind the siding. Cut down trees. Not just for looks, but to ensure no branches are leaning against the structure of your home. Wash exterior windows. Use dish soap, water, a microfiber cloth and squeegee to complete. Beautify your yard. Lay down new mulch, plant flowers, trim shrubs and cut grass. Clean patio furniture. With more time being spent outdoors, you’ll want to get your patio furniture ready for the season. Varying methods are required for the many different types of materials. Prepare your lawnmower. Check spark plugs, change the oil, sharpen the blade and wipe down any grass that may be caked on. Get your grill ready. Wash the inside and out, including the grate and grease trap. Be sure to stock up on propane or charcoal and cover the grill when it’s not in use.

Forget spring, fall is a good time to buy and sell. Historically the real estate buying season begins in early spring. Recent data reveals fall can be even a better time for both sellers and buyers in markets around the country! There are a few obvious reasons as to why the fall is easier, like how all the families looking to buy before school starts are out of the picture. But besides that, let us offer 6 additional reasons to consider a fall real estate purchase. 1. Less buyers are competing Families who want to be in a new home by the beginning of the school season are no longer shopping at this point. That translates into less competition and more opportunities for buyers. You’ll likely notice fewer buyers at open houses, which could signal a great opportunity to make an offer. 2. Sellers want to close the deal before the end of the year Because of how busy the summer market can be, some sellers who put their homes on the market then might be worn out form open houses and negotiations. After months of no offers, or ones they didn't consider at the time, these sellers are often ready to make a deal. 3. Sellers are more serious Remember, not all homes on the market in fall are summer leftovers. Some sellers might be selling in the fall because its the right timing for them. Maybe they are moving for a more specific reason - like a new job, or building a house. In any case, we find that sellers in the fall market tend to be serious, this means they are more willing and open to negotiate and sell in a timely manner. 4. Take advantage of tax breaks If you are a first-time homebuyers, take note: while you won't escape paying income tax, you can help alleviate what you owe when you become a homeowner, since property tax and mortgage interest are worth deductions you can take for your whole years’ worth of income, no matter what month you moved in. This can make a serious dent in the amount you owe the government at the end of the year. 5. You’re the center of attention With the fall being a slower time from buying/selling a home, waiting until the fall means that your agent is probably working with fewer clients. This is also true for other professionals you’re working with to buy a house. Mortgage lenders and title companies could possibly have a lighter work load in the fall, helping you to get through the process of buying a home quicker than expected. And while not in the front of your mind, it may be easier to move at this time too. With less people renting u-hauls or hiring moving services, the fall is a prime time to make sure you have the help you need when moving into a new place. 6. Holiday sales for home improvements bargains From furniture, to décor - or even appliances, when buying a house you might need a few things from each of these categories. You may even need items like these to fix up your current house before selling. At the end of the day, this is a great time to take advantage of all the sales out there: September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November.. We hope that this helps you determine if now the time to buy your next house is! And as always, we would love to work with you on securing that dream house today! Call us today for advise and solution 888-855-7211 #RealEstate #Lending #Mortgage #GoodTip

Homes with high curb appeal command higher prices and take less time to sell. The way a property looks from the street - attractively landscaped and well-maintained - will make a memorable and lasting first impression. Potential buyers are going to love the little and big details put in with love. Wash Your House’s Face REALTORS® say washing a house can add $10,000 to $15,000 to the sale prices of some houses. A bucket of soapy water and a long-handled, soft-bristled brush can remove the dust and dirt that have splashed onto wood, vinyl, metal, stucco, brick, and fiber cement siding. Washing windows inside as well as out will let light in and add sparkle. Power washers (rental: $75 per day) can reveal the true colors. Another option, depending on ones’ budget, is a professional cleaning crew, will cost hundreds — depending on the size of the house and number of windows — but will finish in a couple of days. Freshen the Paint Job The most commonly offered curb appeal advice from real estate pros and appraisers is to give the exterior of your home a good paint job. Buyers will instantly notice it, and appraisers will value it. Of course, painting can be expensive and time-consuming facelift, but will ear dividends. Resist the urge to make a statement with color. An appraiser will mark down the value of a house that’s painted a wildly different color from its competition. Clean the front door and give it a couple of coats of paint. If it’s not an option to paint the entire home, then, paint the trim — or just the window trim — in an accent color. This is a relatively simple upgrade that provides plenty of pop. Neaten the Yard A well-clipped lawn, fresh mulch, and pruned shrubs boost the curb appeal of any home. Swap overgrown bushes with leafy plants and colorful annuals. Surround bushes and trees with dark or reddish-brown bark mulch, which gives a rich feel to the yard. Put a crisp edge on garden beds, pull weeds and invasive vines, and plant a few geraniums in pots. Cover bare spots with seeds and sod, get rid of crab grass, and mow regularly. If you’re selling anytime soon, any work you do now will reap benefits in your home’s selling price. “Clutter,” of course, is in the eye of the beholder, so think of it this way: Buyers need to imagine your home as their own, with their possessions and their style. Go for a clean, streamlined look. Glam Up Your Mailbox An upscale mailbox, architectural house numbers, or address plaques can make the house stand out. High-style die cast aluminum mailboxes range from $100 to $350. A handsome, hand-painted mailbox runs about $50. If you don’t buy new, at least give your old mailbox a face-lift with paint and new house numbers. Keep Up With Maintenance Nothing looks worse from the curb — and sets off subconscious alarms — like hanging gutters, missing bricks from the front steps, or peeling paint. Not only can these deferred maintenance items a home, but they can decrease the value of the property by 10%. Keep these maintenance routines in mind, they will dramatically help keep the look: Refasten sagging gutters Recoat bricks that have lost their mortar Seal cracked asphalt Replace cracked windows Old fixtures often seem dated and unappealing to buyers. Newer exterior light fixtures can quickly give a home an updated look #NewHouse2018 #RealEstate #BusinessTips #GoodTip

HomeStyle Renovation Mortgage Continuar con más HomeStyle… El HomeStyle es un préstamo de Fannie Mae (FNMA) que esencialmente le permite a un inversionista comprar una propiedad e incluir los costos de renovación en la hipoteca. Es bastante similar a un préstamo hard money, pero la diferencia es significativa es un préstamo fijo (15 o 30 años fijos). También es tradicionalmente MUCHO más barato. Dado que el préstamo está respaldado por FNMA, se ajustará más a las tasas de interés del mercado y las tarifas de una hipoteca convencional. Fannie Mae es el prestamista secundario más grande de Estados Unidos. Muchas de sus pautas tradicionales que se aplican a los préstamos convencionales también se aplican a su producto HomeStyle, no todos los prestamistas están calificados con FNMA. El préstamo HomeStyle está diseñado para inversores y compradores propietarios-ocupantes como una alternativa al préstamo FHA 203 (k), así como también para compradores de segundas viviendas. ¡Ahora! Recuerde, el proceso de hipoteca de HomeStyle tarda 45 y a veces hasta 60 días en cerrarse. HomeStyle se puede usar en residencias unifamiliares para inversiones y de 1 a 4 unidades para viviendas ocupadas por sus propietarios. En One Republic Mortgage, nuestro personal tiene experiencia con este tipo de programas. La experiencia es clave​. FHA 203K Prestamo 203K-ey… Un préstamo FHA 203k le permite al cliente tomar dinero prestado, usando solo un préstamo, tanto para mejoras en el hogar como para comprar una casa. Estos préstamos también pueden usarse solo para mejoras en el hogar, pero podría haber mejores opciones disponibles. Los préstamos de 203k están respaldados por HUD, lo que significa que los prestamistas corren menos riesgos al ofrecer este producto. Como resultado, es más fácil obtener la aprobación, especialmente con tarifas más bajas. FHA 203k debe ser para propiedades ocupadas por el propietario de 1 a 4 unidades solamente (condominio, casa adosada, casa familiar y 1 a 4 unidades). Reparaciones y compras de fondos. Debe pedir prestado al menos $ 5,000, y hay límites máximos establecidos por la FHA que varían según la ubicación. Con el préstamo de 203k, al igual que otros préstamos de la FHA, el down payment puede ser tan bajo como el 3.5 por ciento. El equipo de One Republic Mortgage cuenta con la experiencia necesaria para completar este tipo de transacciones. #Mortgage #Lending #Spanish

La Asociación de Banqueros Hipotecarios (MBA) está pronosticando un aumento considerable en las ventas de casas nuevas en enero. Según las respuestas a su Builder Application Survey (BAS), MBA estima que las solicitudes para la compra de viviendas de nueva construcción aumentaron un 18,4 % en comparación con las del enero anterior y aumentaron un 34 % en comparación con diciembre. El cambio no se ajusta para reflejar los patrones estacionales típicos. Con base en el volumen de solicitudes y otros datos de mercado, las ventas de MBA estimadas durante el mes fueron a una tasa anual ajustada estacionalmente de 700,000 unidades. Esto marcaría una ganancia del 26.4 % desde el ritmo de diciembre de 554,000 unidades. Sobre una base no ajustada, el cambio estimado a partir de diciembre fue del 35 %, pasando de 40,000 a 54,000 nuevas viviendas vendidas. "Las solicitudes de hipotecas para viviendas nuevas aumentaron en enero y aumentaron un 18 % anual" ~ dijo Lynn Fisher, vicepresidenta de investigación y economía del MBA ""Esto complementa otras noticias positivas sobre el crecimiento del empleo en EE. UU. Lo que sugiere que los fundamentos económicos son sólidos. Según las aplicaciones, estimamos que las ventas de casas nuevas se mantuvieron a un ritmo de 700,000 en una base anual ajustada estacionalmente. en 2013." MBA dice que el 71.7 % de las solicitudes de préstamos recibidas durante el mes fueron para préstamos convencionales y el 15.3 % para productos de la FHA. Los préstamos RHS / USDA tenían una participación del 1.2 % y los préstamos VA constituían el 11.7 %. El tamaño promedio de los préstamos de las viviendas nuevas disminuyó de $ 339.203 en diciembre a $ 338.918 en enero. La Encuesta de aplicaciones de construcción de MBA realiza un seguimiento del volumen de solicitudes de las subsidiarias hipotecarias de constructores de viviendas en todo el país. Utilizando esta información, así como datos de otras fuentes, MBA proporciona una estimación temprana de los nuevos volúmenes de ventas de viviendas a nivel nacional, estatal y metropolitano, así como los tipos de préstamos utilizados por los nuevos compradores de viviendas. Las estimaciones oficiales de ventas de casas nuevas son provistas mensualmente por la Oficina del Censo. Registra las ventas en la firma del contrato, que suele coincidir con la solicitud de la hipoteca. Los datos de la Oficina del Censo sobre las ventas de viviendas nuevas en enero se publicarán el 26 de febrero. #RealEstate #Mortgage #Spanish

HomeStyle Renovation Mortgage HomeStyle jest produktem wspieranym przez Fannie Mae (FNMA), który pozwala na kupno nieruchomości, wliczając w tą tranzakcje koszty remontu. Jest to pożyczka podobna, do tej którą udzielają pożyczkodawcy hard-money. Różnicą jest na pewno stały okres spłaty pożyczki (15 lub 30 lat) oraz fakt, że jest to produkt zdecydowanie tańszy Kto? Fannie Mae to największy gracz na rynku wtórnym kredytów hipotecznych. Wiele typowych wytycznych dotyczących pożyczek konwecjonalnych dotyczy również produktu HomeStyle, przez co łatwo jest o aplikację na ten produkt​. Co? Pożyczka HomeStyle powstała z myślą o inwestorach, osobach zamieszkujących swoją posiadłość (owner-occupied) lub chcących kupić swój drugi dom. Jest alternatywą dla pożyczki FHA 203(k). Kiedy? Teraz! Pamiętaj o tym, że proces pożyczki HomeStyle zajmuje pomiędzy 45 do 60 dni, także uwzględnij to wplanowaniu kontraktu. Gdzie? HomeStyle może być użyty do kupna swojego głównego domu (single family), 1-4 unitów lub pod inwestycję. Dlaczego? Żeby zaoszczędzić czas i pieniądze oczywiście! FHA 203K Pożyczka FHA 203(k) jest produktem wspieranym przez HUD, podobnie jak HomeStyle pozwala na kupno nieruchomości wliczając w to koszty remontu. Poprzez wsparcie HUD, klient ma dostęp do niższego oprocentowania niż HomeStyle​. Kto? Poprzez wsparcie FHA (Federal Housing Authority) pożyczkodawcy są skłonni pracować nad nieruchomościami wcześniej nie objętymi tym programem. Co? Klient może pożyczyć do 110% planowanej wartości nieruchomości po ukończeniu remontu. Rzeczoznawca zwerifikuje plany i oszacuję ile nieruchomość będzie warta. Kiedy? Podobnie do HomeStyle, process pożyczki 203(k) zajmuje 45 do 60 dni. Gdzie? FHA 203(k) może zostać wykorzystany do kupna apartamentu, townhome lub 1-4 units (owner occupied). Dlaczego? Dla oszczędności oczywiście! Minimalna kwota, którą trzeba wykorzystać na remont to $5000. Podobnie do innych produktów FHA, można użyć tylko 3.5% wpłaty własnej. And? Agenci One Republic Mortgage mają lata doświadczenia pracy z tymi produktami, poprowadzimy twoich klientów od pierwszego kontaktu do stołu przy closingu. Zadzwoń już dzisiaj. #Mortgage #Lending

ITIN Lending Program (Non-Citizen Lending) Today, a home buyer doesn’t need a social security number to get a mortgage. Shocking, but its true!!! Foreign nationals working in the United States may be eligible, as long as they have an ITIN number, and meet certain criteria. ORM will find the loan that is the best fit for your client’s needs. Loans for qualified buyers Designed to help a borrower with Individual Taxpayer Identification Number, but no social security number. No Visa, Work Permit, or Green Card needed Alternative income documentation accepted. High LTV = Low down Payment. Low Credit Scores, Bankruptcy, foreclosure, short-sale OK! Basic Qualifications US Gov ID, Matricula Consular ID, or Passport 2 years same or similar line of work (can be self employed) 2 years tax returns using ITIN 10% down payment, can be gifted partially! Both Owner and Investor occupancy #Mortgage #Lending