Frequently Asked Questions

The list is long but here we go!

• Conventional - 10% down, 680 FICO, 2 years tax returns.
• FHA - 3.5% down, 580 FICO, 2 years tax returns. 1-4 unit.
• Veteran Administration - No Down Payment
• No Tax Return Options - 12 months bank statements, CPA & Profit Loss, Debt Service Coverage Ratio, Asset Preservation  my blogs!
• Reverse Mortgage - 55 or older options.   62 is the standard age, owner occupied, no payment, SEE BLOG!
• Investment Property Loans - See Blog.
• Commercial Loan - See Blog.

Gather your documents for loan approval, get approved and find a property.

1.  Get Loan Approval

2.  Find a Home

3.  Get Under Contract

4.  Know your Contingencies

5.  Order Appraisal

6.  Order Inspections

7.  Lock your Rate

8.  Remove Contingencies

9.  Sign Loan Docs

10.  Close of Escrow - Grab the keys!

Repairs are divided into section 1 which is termite & mold.  Section 2 which is recommended repairs.