What are FHA loans?
FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your mortgage lender can offer you a better deal. FHA allows a buyer to purchase a home with as little...
No Closing Costs Mortgage Loans & Refinances
Our clients often ask us, “How are you able to offer ZERO closing costs on loan origination?” The answer is simple… We are a small independent shop, and as such have minimal overhead. For example, you will not hear us advertised on the radio, and we...
Investor Debt-to-Income (DTI) Math Primer
The infamous “debt to income” ratio math is more generous when buying/refinancing non-owner-occupied real estate than owner occupied. If we assume a property with gross rents at $3500/mo and a PITI of $2000, the pure investment property math would have us multiple...
Minimum Property Standards For Fannie Mae & Freddie Mac Loans
We often get questions about just how beat up is too beat up to get a normal Fannie Mae / Freddie type loan on a property, and thus avoid hard money. The general rule of thumb is that the property must be a complete and functional house and absent any flagrant health...
Chris Mason, Loan Officer
