Let a Licensed Mortgage Broker Find the Right Mortgage for You.
Banks have @5 programs.
Demand 680 Score and perfect history.
Need tax returns.
It is painful.
Speak gibberish.
Rookie handles your loan.
Top Goal: do as little as possible, no complaints.
Mortgage Brokers have 20+ Programs.
580 Score may be OK.
Some credit mishaps OK.
Many options to qualify.
Tax returns not needed, most programs.
Speak English.
Seasoned pro handles your loan start to finish.
Top Goal: close your loan.
To get a mortgage, you need Credit, Money, and a Loan Officer.
Credit means: a 580 Credit Score & Active Credit.
Such as credit cards or loans.
No active credit = odds are low.
Not Terrible Credit the last 2 years.
A 580 Score is low.
It cannot be terrible credit.
Terrible Credit means: car repossession the last 2 years.
Student loans or child support in collections.
A bankruptcy or foreclosure in the last 2 years.
A A low Score & several lates on auto loans the last year.
A slew of recent collections and charge offs.
No active credit items.
Assume this, if you have no active credit it is going to be difficult getting a mortgage.
Money means Documented Income: pay stubs, w-2s, or tax returns.
Self-Employed and taxable income is low? Use bank statements deposits to qualify.
If you have Credit and Money, you may already qualify.
A Mortgage Broker Loan Officer figures this for you.
Here is the list of some of my programs:
1\.
Conventional: 620 Score, perfect credit.
3%-5% Down
2\.
FHA: Score 580; 620 is better.
3.
5% Down.
Less than perfect credit OK.
10% Down with under 580 Score.
3\.
USDA: 580 Score.
0% Down.
Need Tax Returns.
4\.
VA: 560 Score.
0% Down.
5\.
Rehab Fixer Uppers: 580 Score; 3.
5% Down.
6\.
Self Employed: Score 580.
Bank Statement Deposits to qualify.
10%-25% Down, depending on Score.
7\.
Investors: 620 Score.
20% Down.
Qualify on Rental Income.
No Income Verification.
All 48 continental.
8\.
Others: Fix & Flip.
New Construction (build own).
Condos.
Manufactured Homes.
Commercial.
9\.
No Income Verification Mortgages.
680 Credit Score.
25% Down plus and Closing Costs, 12 month’s reserves.
Interest based on Score, Loan Program and Loan Size.
Not all applicants qualify.
Depends on credit history, income and other lender factors.
Step 1: Get a Pre-Approval Letter.
Many realtors will not show you homes without one.
Pre-Approval Steps: have credit pulled, Official Mortgage Credit Report.
This verifies your mortgage programs.
Income verified (pay stubs and w2s) to determine loan size.
Self-Employed need Tax Returns for traditional loans.
Other options.
Start now to get Pre-Approved.
Same Day Pre-Approvals.
Chris Luis.
941-219-4381.
chris@chrisluis.
com.
Or, go to ChrisLuis.
com and fill out an application.
I work with federal and state licensed banks.
SunBright Mortgages
Mortgage Broker License NMLS#1159714.
Mortgage Loan Officer License NMLS#888571.
Loans is Texas, Florida, Pennsylvania, and South Carolina.
#firsttimehomebuyer
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#VAMORTGAGES
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NOTICE REQUIRED BY LAW: This is not a commitment to make a loan.
Loans are subject to credit and money qualifications.
A property evaluation, equity in the home, and final credit approval.
Not everyone receives a final approval.
Approvals subject to underwriting guidelines, interest rates, and program guidelines.
3rd Party lenders can change programs without notice.
Final approval decided by the 3rd Party Bank.
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