FHA allows for a down payment as low as 3.5% of the purchase price. A Down Payment is required with a FHA Loan. Closing costs can be paid by the seller. A maximum of 6% of the sales price can be paid by the seller if in the real estate contract offer. Underwriting guidelines may allow for previous credit challenges such a late payments, bankruptcies, repossessions, etc. Higher debt ratio's allowed more so than other loan programs. A 640 middle credit score may allow for a 56% debt ratio. Credit Scores may go as low as 550 or 580. These lower scores typically require 5 or 10% down payment, reserves, lower debt ratio, employment stabaility or any number of items to strengthen the loan to offset the low credit scores. All loan programs and qualifications are always subject to change. The FHA mortgage is a home loan that is backed and insured by the Federal Housing Administration (FHA). Geneva Financial LLC Phone: 281-356-0708 Office Location: 1712 North Frazier Ste 212B Conroe Texas 77301 ...read more
By Geneva Financial LLC April 28, 2015
No Down Payment 100% Financing. No Private Mortgage Insurance. Credit guidelines are less restrictive. No Maximum Loan Limits. Applicant must be eligible for a VA loan. Streamlined VA Refinance options. A Veterans Affair (VA) home loan is funded and backed by the US Department of Veteran Affairs. The VA mortgage loan is designed to help Veterans, Service Members and eligible surviving spouses to purchase a home. Geneva Financial LLC Phone: 281-356-0708 Office Location: 1712 North Frazier Ste 212B Conroe Texas 77301 www.NoDownPaymentHomeLoan.com ...read more
By Geneva Financial LLC April 28, 2015
100% Financing. USDA loans have no down payment. Finance out of pocket closing costs. USDA loans offer the ability to finance out of pocket settlement charges. In cases where the appraised value of the home is higher than the sales price, with a USDA loan homebuyers have the option of financing closing costs. No Maximum Loan Limits. Mortgage amounts are determined by loan qualifying income and debts. The USDA loan program isn't only for first time homebuyers. So anyone purchasing a home may qualify. Only Rural area's qualify along with income limitations. Reminder new construction home addresses may not be updated in to the system, but may qualify. Find out if your area or home meets the USDA Eligibility /Rural Housing Property Eligibility. USDA loans take into account income from all family household members. Geneva Financial LLC Phone: 281-356-0708 Office Location: 1712 North Frazier Ste 212B Conroe Texas 77301 www.NoDownPaymentHomeLoan.com ...read more
By Geneva Financial LLC April 28, 2015
Not being able to pay your creditors due to job loss or other unforeseen circumstances can leave you feeling overwhelmed. Bill collectors will call you at all hours of the day attempting collect. A debt reduction service may be the answer for your situation, but there are scams that you will want to a... ...read more
Making sales these days is highly competitive and if you are not accepting charge and debit cards, you are missing out on sales. There are many different types of processing equipment deals as well as variables in merchant services. Learn how merchant services work and put them to use to make sales yo... ...read more