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Steven Ceceri's Answers


Down Payment Assistance. What is it and what does it help with?
Good Afternoon. You should check with your local Housing Authority or use the link I am providing to do further research. I'd strongly recommend that you begin working on improving your credit score immediately and you should work with a mortgage professional who specializes in helping clients with...
if i have 7 months left in the military will i be eligible for a va loan
You are eligible to use your benefits now as long as you are currently employed by the United States Government. Start by visiting the following website to get your DD214 (I don't think anyone gave you this information): http://www.archives.gov/veterans/military-service-records/ This is...
Can I get a mortgage loan if I just changed jobs?
You can certainly get approved for financing. Just show one new paystub or the hiring letter to prove income. Happy to help with any other questions. Feel free to visit my profile to email me directly if you'd like. I'm on the East Coast too!
Does the FHA offer a jumbo loan program?
Good Morning! Just to keep this simple, here is the direct link to the FHA County Limits to determine the Maximum Loan Amounts per each County in Pennsylvania. At the bottom of the page, the Fannie & Freddie Loan Limits are posted as well. If you would like any direct help, please click on my profile...
Does your company offer USDA,FHA & VA mortgages???
We offer USDA, FHA, VA, along with Fannie & Freddie backed loans, which include loans with Conforming and Jumbo Loan Limits. If I can be of any direct help, please feel free to contact me directly by visiting my profile where you can send me a direct email. Thank You and Good Luck!
Buying a House from Family
Please describe who the family member is (ie, Sibling, Parent, Grand Parent, Niece, Nephew, Cousin, etc). Once this is determined, I would suggest that you can start the mortgage application process now with a Trusted Mortgage Professional. This process will include having your credit report ...
iS THERE ANY LEGISLATION IN THE WORKS THAT WOULD REQUIRE 2ND LIEN HOLDERS REMAIN SUBORDINATE?
Are you refinancing your 1st Mortgage and if so, is your current 1st Mortgage owned by Fannie Mae, Freddie Mac, or backed by any Government Insurance Program from FHA, USDA, or the VA? Most lenders would allow a re-subordination of their existing 2nd Lien if you are lowering your 1st Mortgage Rate as...
How do I qualify for a home loan if I already own a home?
Depending on the situation, you can be approved for financing with a contingency to provide proof that the NY Property has been sold. Your husbands income should be able to be used as he will be joining you at some point and is fully employed now. If you have strong income and assets, there is a possibility...
Can I qualify for a new mortgage? In a chapter 13 bankruptcy that ends May 2013 and currently going through a divorce.
What type of mortgage do you have currently (ie, FHA, VA, USDA, Fannie, Freddie)? When did the BK Begin and what is the Mortgage History since the BK Started and 12 Months Prior to it beginning? Has your mortgage been modified in the past?
I am trying to refi in SE WI and under water. Please help
What is your mortgage payment history and credit scores? To actually find out if you could qualify for a FNMA Refinance Program, you would have to apply online, have a credit report pulled and have the file ran through for Automated Approval. This can be done fairly quickly to find out what options you...
Need to rent the home, Wells Fargo wants me to go through their process, no guarantee of approval, what shoild I do
The issue you have to review is your mortgage covenants (mortgage and note) to determine if there is any language in those documents as to what your obligations are if you decide to no longer occupy your property, so my advice is that you do take a look to see what you can find out. With regards to...
What type of loan can I get for a property on 40.08 acres?
You have options with most all loan programs. The actual underwriting of the loan will only use up to 10 acres of the purchased property and the remaining acreage will have no additional value. The appraising issue will be in trying to find similar properties that have sold (ie. other properties with a...
How can I refi rental property with high LTV and high DTI? Help!
I would caution about any rates being advertised without any actual documentation being provided. 3% is not legitimate from any lender I know of. Anyway, if you have a Fannie/Freddie baked loan, there may be an option for you to go to 100% or so. You must have a very good credit score and other compensating...
lenders or mortgage companies that are working with the harp 2.0 loans
Are you a borrower or mortgage/real estate professional looking for this information?
I am 3 yrs out on my bankruptcy discharge Feb 2, 2013. Everyone said I am eligible to buy a home then. Now I get a curve ball
Was this a Chapter 7 BK and if so, did you also have a house that went to Foreclosure? I'm happy to help you if I can get more information.
will any lender do a non owner occ. HARP refi in WV w/o looking at DTI. good credit. no missied payments.
The only way to know is to actually apply. You can do that without having to pay an application fee in most cases, but if the process moves ahead where an appraisal is needed, that is the point where you will need to pay for this report to be completed. There is a possibility that an appraisal waiver may be...
Can a renter in Los Angeles CA buy a home in Fresno, Ca with less than 20% down. Parents would live there rent free.
Good Morning! In this situation, would your son also be occupying the property with you and your husband? If not, the purchase would be considered an Investment Property and the Down Payment requirement would be at least 10% down. If you would like to send more specific details, please feel free to do...
Non Warrantable Condo Refinance options for LTV 60%, Income of $150K and FICO of 800 in SF.
Would it be possible to have a Condo Questionnaire completed to review this in more detail? If so, I am happy to see what we can offer on a refinance for your situation. We are a Federally Chartered Bank and have access to a variety of loan programs through our own products and those from other partnering...
DU Refi Plus - West Melbourne, FL
Hi Lorne! I'd be happy to help, but it seems there is no magic to getting this waiver and it is assumed that in a declining market, such as Florida, a PIW may be a far stretch. I would be happy to try if you let me know what an actual appraisal would come in at. Thank you.
Do I qualify for a purchase loan? (2 yrs out of bankruptcy property modified)
Hi Ron420! Can you provide me with information on your current mortgage, such as if you have any late payments prior to and up to today? Is your current mortgage a fannie/freddie, or fha loan? What type of property do you own now (ie. SF, 2-4 unit)? Where are you moving to in regards to distance from your...

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