Site Search Results

Co to jest? HUD (Housing and Urban Development) oferuję znaczną zachętę w postaci zniżki o 50% od ceny wywoławczej na wybrane nieruchomości w trakcie trwania loterii. Kto się kwalifikuję? Funcjonariusze organów ścigania Nauczyciele (żłobek do 12 klasy) Strażacy Ratownicy medyczni Jak działa program Wybrane domy jednorodzinne w specjalnych zonach programu rewitalizacji miasta wystawione są wyłącznie przez program „Dobrego Sąsiada”. Dostępne nieruchomości są dostępne do kupna przez 7 dni. Wymagania Pracować z agentem nieruchomościowym Mieszkać i pracować w zonie rewitalizacyjnej Okupować zakupioną nieruchomość przez okres 36 miesięcy Kupujący/lub małżonek nie może być poprzednim uczestnikiem programu „Dobry Sąsiad”​ Call us to learn more (888)848-6065 #Lending #Mortgage

Jak poradzić sobie z kupnem mieszkania z FHA? Obecnie, klienci szukający mieszkania do kupna muszą kwalifikować się na pożyczkę konwecjonalną jeżeli condo association nie jest jest akceptowane przez FHA. Nawet nowy programy Fannie 97% LTV nie był w stanie wystarczająco pomocny jeżeli chodzi o mieszkania. Potencjalni klienci nadal musieli posiadać dobrą historię kredytową, aktywa finansowe oraz niskie proporcje wydatków w stosunku do zarobków. Bez moliwosci skorzystania z przyjaźniejszych warunków pożyczki, które oferuje FHA wielu klientów zostawała na lodzie, bez możliwości kupna swojego M2. Jeżeli klient chcę kupić mieszkanie przy pomocy pożyczki FHA, condo association musi być zaaprobowane przez HUD. Statystycznie, tysiące mieszkań, które miało pozytywne opinie FHA, utraciło swoje aprobatę, a stało się to w 2010 roku! Żeby ponownie uzyskać akceptację, condo associations musiały ponownie złożyć aplikację. Process ten jednak nie był łatwy, ani tani, w związku z czym wiele osiedli nie starało się nawet ubiegać o ponowną aprobatę. Obecna sytuacja pozostawiła w kropce wielu sprzedających, oraz kupujących, którzy mieli problem ze znalezieniem finansowania. ZAAKCEPTOWANY: One Republic oferuję akceptację FHA na miejscu!​ FHA Spot Approval to proces, który oferuję możliwość wykupienia akceptacji FHA na konkretne mieszkanie, zamiast całe osiedle. Obdywa się to zdecydowanie szybciej oraz taniej dla klienta. Jest to unikatowy program, który zmienia obecny system sprzedaży/kupna mieszkań i pomaga zarówno kupującym, sprzedającym, agentom nieruchomościowym oraz pożyczkodawcom. Jeżeli masz jakiekolwiek pytania, lub Twoi klienci potrzebują pomocy przy kupnie mieszkania z wykorzystaniem pożyczki FHA, zawdzon teraz 630-207-0980 do Radka Czeszejko-Sochackiego. #Mortgage #Lending

Trends in the Growing Self-Employment Sector While self-employment can give you more freedom and great satisfaction, it can also add some real challenges when trying to buy a home. Self-employed will approach 33 percent of the workforce in the coming years. There is something life-affirming about a ten-second commute. Walking from your master bedroom to your home office every morning, you don’t have to deal with traffic, standing in line at Starbucks for that cup ‘o joe, or dressing for success. If you have a separate storefront or office, you can arrive and work with pride knowing you have created your own work environment. But there are drawbacks to being self-employed, especially when it comes to qualifying for a mortgage. Why? Because lenders have a tougher time assessing your income. Self-employed individuals who plan to buy a home are wise to strategize several years in advance. If you understand how lenders consider mortgage applications and self-employment income, you can take steps to make yourself more appealing. Let’s look at some general guidelines for making you look attractive to that entity who would make it possible for you to become a homeowner. Lenders are all about the risk they will be taking on when they look at your mortgage application. They want to make sure they'll be able to get back the money they lend you, so it's important that you show enough income to cover the mortgage payments easily. This isn't that hard when you have a regular job to go to and steady paycheck showing a pattern of healthy income. For a self-employed individual, however, income can fluctuate. One month may find you in the pink, making more investments in your business, and the next might see you struggling to pay your bills. It’s also important to know that lenders consider your income after deductions, which means you must be extra careful with write-offs, such as phone and internet services, office supplies, business trips, etc. While taking those deductions may help to lower your taxes, it also lowers your usable income in the eyes of mortgage lenders which, in turn, raises your debt-to-income ratio. That ratio is a measure of how much money you have coming in and going out each month. And don’t forget about that pesky credit score. It’s a measure of how responsible you've been with borrowed money in the past, and it’s of great importance to lenders. It's vital to keep your credit score as high as possible if you want to give yourself the best chance of getting approved. Call us today for advise and solution 888-855-7211 #RealEstate #Lending #Mortgage

If you ask a real estate agent when the best time to buy a home is, chances are the answer will always be “now.” As housing prices and mortgage rates start to tick up, the real estate agent’s advice may be right on target. How Much Is a $200,000 Mortgage? Housing Market Has Mostly Recovered It’s not just mortgage rates that are on the rise. Housing prices are also rising in most markets across the country. As prices rise, the Federal Housing Finance Agency recently increased the maximum conforming loan amount for mortgages that meet Fannie Mae and Freddie Mac guidelines in most areas of the country to $453,100, an increase from $424,100 in 2017. These loans, known as conforming mortgages, are considered less risky by banks, allowing them to offer a lower interest rate. Raising the conforming loan limit means more borrowers will be able to purchase a home without having to get a nonconforming—or jumbo—mortgage, which typically carries a higher interest rate. *Some info from Consumer Reports First-time starter home buyers First timer buyers are predicted to increase 4% through 2018 going into 2019. Nevertheless, of certain notice to your first-time buyers might be this bit of information, home construction will also grow over 7% during this time frame. How does this effect what’s currently on the market? Majority of first time home buyers are young, and in the market for smaller homes or condos. The major inventory of homes for the last several years has been dominated by higher-priced homes, and the fact of the matter is, it’s not always a match to satisfy market trends and needs. The new construction boom of condos and starter homes will address the balance in demand. High Home Prices Information gathered from S&P Corelogic and the Federal Housing Finance Administration (FHFA) states home price growth rate in major metropolitan areas have risen 6.2% across the nation. This is a terrific for homeowners, building faster value, equity build up, and terrific piggy bank position on real estate ownership. Home buyers, will have to spend more as the market grows, but according to realtor.com, we are on pace at a slower growth rate of 3%. This should hold and keep affordability. #BusinessTips #Mortgage #Lending #RealEstate

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 Insurance Attractive Rates No limit on property locations After 3 years of no primary residence considered first time home buyer again Our team is very knowledgeable and highly motivated to speak with you and your clients to piece together basic and more challenging scenarios. We will love to be in touch and hope you contact us. ***Elite First Time Buyer mortgage is only available for primary residence purchase transactions, 1-4 unit properties. Customer may be eligible for the up to $2,500 credit when applying for an Elite First Time Buyer program, funds will be applied as lender credit on the CD. For down payments less than 20% on conventional loans, Mortgage Insurance (MI) may be required. Results of the mortgage affordability estimate/prequalification are guidelines; the estimate is not an application for credit and results do not guarantee loan approval or denial. All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. Terms and conditions may apply, contact to qualify your buyers call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

One Republic Mortgage wysłuchał waszych próśb, drodzy agenci oraz klienci! Z myślą o Was, stworzyliśmy skonsolidowany program kupna z wykorzystaniem naszych konwecjonalnych produktów. Poniżej przegląd najważniejszych punktów: • Minimum Fico – 620 • Darmowa wycena! (w formie kredytu przy zamknięciu) • Do $2500 kredytu na zakup nieruchmosci! • Minimum 3% wpłaty własnej • Niższe ubezpieczenie pożyczki (lub jego brak) • Atrakcyjne oprocentowanie • Brak limitu na lokalizację nieruchomości Jeżeli masz więcej pytań lub chciałbyś przeanalizować scenariusz swojego klienta, zadzwoń do naszego przedstawiciela mówiącego po polsku Radosława Czeszejko-Sochackiego pod numerem telefonu (630) 207-0980. ***Elite First Time Homebuyer jest dostępny tylko na kupno pierwszej posiadłości jako głównego miejsca zamieszkania (1-4 units). Kredyt na zakup nieruchomości jest udzialny w formie kredytu na CD. Na pożyczki z wpłatą poniżej 20%, ubezpieczenie pożyczki może być wymagane. Aplikacja nie gwarantuje pożyczki. Oprocentowanie, programy oraz warunki mogą ulec zmianie. Program nie jest dostępny w każdym stanie. Terms and conditions may apply, contact to qualify your buyers call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

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 personal bank statements for the last 12-24 months. ASSETS AS INCOME LOAN PROGRAMS. For borrowers that have significant liquid assets but do not show income can qualify for assets as income loan programs. No 4506T & Tax Returns are required. Reduced Documentation Loan Program Details 1. CPA letter (history + Income) & 2 months banks statements OR 2. CPA prepared P&L statement OR 3. Borrower prepared P&L Statement & 2 months bank statements OR 4. 12 Months personal or business bank statements Self-Employed & Wage‐Earners Only Purchase, R/T & Cash-out Refinance Owner Occupied, 2nd Home & Investment FR / PUD / Condo Primary & 2nd Home: 100% Gift Allowed First‐Time Home Buyers are allowed Our team is very knowledgeable and highly motivated to speak with you and your clients to piece together basic and more challenging scenarios. We will love to be in touch and hope you contact us. Terms and conditions may apply, contact to qualify your buyers call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

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 - 1-2 Units, SFH, Condo & PUD - 115% of Median Income - Previous BK are ok - Previous Foreclosure are ok - Maximum DTI Terms and conditions may apply, contact to qualify your buyers call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

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 government might as well allow recipients to use those same funds to buy a home instead. In many areas, Section 8 recipients can buy a better place to live than they could rent for the same subsidized monthly payment. Homeowners also have a personal stake in the maintenance of the property, so they tend to keep the place up better than subsidized rental units often are. Finally, owing their own home allows them to build equity in an asset that can eventually help them attain a higher standard of living. Team at One Republic Mortgage is always up to date on many niche programs and products we offer our clients. We want to work with you and your perspective buyers. . Terms and conditions may apply, contact to qualify your buyers call: 888.855.7211 email: info@onerepublicinc.com #Mortgage #BusinessTips #Lending

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