Have you thought about purchasing a home recently but decided not to even bother
trying because you cannot afford to put down three percent?
Well, that's ok because you don't 
need to have three percent to put down...
For now... This could change any time so act quickly!
Ever heard of FHA Plus? Essentially, what FHA Plus means for you is that you can purchase a home and finance between 101.5% - 103% depending on your credit score.
If your credit score is between 620 and 679, if your income qualifications meet a set criteria you qualify for 101.5% and if your credit score is 680 and you meet the remaining qualifications you qualify for 103% of the purchase price!
FHA Plus is a combination of the infamous FHA home loan and VHDA (Virginia Housing Development Authority) which is a second mortgage for up to 5% and as little as 3%.
Call me for additional details or to apply and I will be happy to help you get to the closing table and walk away with the
to your new home!
You may have less than perfect credit or you may have limited funds to work with but that should not stop you from purchasing your home and saving money over rent while building up equity for yourself instead of your landlord. There are governement subsidized programs available for people wishing to purchase a home that just need a little help.
FHA and USDA Rural (depending on the location) are two great programs that can help you get into a home with little to nothing down and at extremely competitive rates. If you are a veteran or currently enlisted military service member you may be qualified to finance your entire transaction with nothing down if you are struggling with a downpayment.
I would love to help you by answering any questions that you may have about the loan process and getting to work for you. Please feel free to contact me with any questions that you may have and I look forward to working with you!
Best Regards,
Christopher Ohlsen
Mortgage Advisor
757-470-5900 Ext. 305 (Office)
518-335-8791 (Cell)
Mrchristophero (AIM)
Hello Everyone,
If you or your spouse are in the military you have probably experienced someone trying to take advantage of you. I know this first hand because I am the spouse of a soldier; My wife is in the army. Some businesses offer military discounts but too many businesses treat you unfarily once they realize that you are in the military. Its as if they feel that people in the military must be made of money!
My wife and I both work and we do ok but we are far from rich and it really gets under my skin when people start trying to upsell, cross sell, and over sell us when they find out that we are a military family! If anything it should be the exact opposite; I am very proud of my wife's commitment and service to this country. I am also proud to call myself a free American and I am given that right from the proud men and women who serve our armed forces.
I do a lot of VA purchase loans and I strive to treat the men and women who make this country great with the respect that they derserve. I will not try to upsell you, cross sell you, or over sell you; I will underpromise and over deliver. I want you to walk away from the closing table feeling like you got a fair shake and that you were respected throughout the transaction.
Also, if you serve this great nation of ours in the armed forces I will discount $300 from my own personal fee as my thank you to you.
If you are in the military and you would like to purchase a home or if you have any questions at all about the loan process I will be happy to assist you. Until we speak, take care!
Best Wishes,
Christopher Ohlsen
Mortgage Advisor
757-470-5900 Ext. 305
518-335-8791 (Cell)
Mrchristopher (AIM)
OK, NOW THAT THE FEDERAL GOVERNMENT IS BACKING JUST ABOUT EVERY MORTGAGE LOAN PRODUCT KNOW TO MAN WHY IS IT THAT MY CLIENTS STILL NEED TO PAY FOR AN ADDITIONAL INSURANCE AGAINST DEFAULT?
The Federal Government is now guaranteeing the performance of Fannie & Freddie... If borrowers default, thats ok. The originating lender, servicing lender, or purchaser of that debt will not lose a thing because Uncle Sam's hand is firmly in place to help steady the imbalance.
So, why do our clients all have to pay an additional premium to a company that is essentially doing nothing. It like the loans are now doubly insured!!
Of course I imagine that the PMI companies will help the government recoup some of their loss... But ultimately it is our tax money insuring these loans.
Yesterdays bailout puts us one step closer to socialism...
This bailout was not really required because Fannie & Freddie both had the required capital reserves. They lost around 17 billion... but WaMu lost 19 billion. Losing money is not a prerequisite for taking control over a company; if it were the government would've seized many more companies by now.
in the short term this will be good for mortgage interest rates and ultimately the housing market. In the long term this is going to wreak havoc on our financial system and economy as a whole. The FED is going to start printing money to cover losses and to make cash infusions, the value of our dollar once again is going to plummet, and investors are going to turn to oil again as a hedge against inflation. The cost of gasonline will soar and we will be in the same type of mess that we are in now except that it will be deeper and take longer to recover from.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
