Mortgage for two-family home which buyer wants to occupy as a single family home
Hello, your best option is to buy it as a two family. You can always try to change it to a single family down the road but as a two family you will be allowed to use the potential rent from the second unit to help boost your income to qualify for the loan. The best option would be an FHA loan. Right now rates are down...

Can recent unemployment affect me getting a mortgage?
Hello, that gap of employment should have no impact on being approved for a mortgage. There are programs available that require no down payment & you can even roll closing costs in. There are also construction loan and rehab loan programs available. If you have any questions you are welcome to reach out...

Want to buy a house for $600,000 in California, dual income $80k / year. What are my options?
Hello, you would have conventional & FHA options depending on the county you are in. There are also a couple of special programs available for first time home buyers that offer a bit lower rates but there are some limitations based on county limits for income. You can get away with as little as 3% down...

could i go zero down for VA with a 620 credit score?>
You can actually get a VA loan with a lower score than that. You can qualify for 100% financing & you are allowed to roll in closing costs using a sellers concession. There are other VA benefits as well, most of the time closing costs are reduced and in some states you may be eligible for a reduction or an...

I already have a FHA loan on my home but would like to get a 2nd as a co nonoccupant FHA loan for my son and his new wife.
Hello, it is possible depending on the details. If FHA wouldn't work you can possible cosign under another program that would only require 5% down payment. I would really need more details to come up with options. We can lend nationwide. If you have any questions you are welcome to reach out to me at...

Am I able to qualify for a home loan using a H-1B work visa?
Yes, with as little as 3% down payment. We can lend nationwide. If you have any questions you are welcome to reach out to me at 203-299-2034, you can call or text that number day or night. Im available via email as well at: gpomeroy@boemortgage.com. My website is: www.thehomeloanspecialist.com

I already have one VA loan. I would like to purchase another home,. Do I qualify for a second VA loan?
Hello, it is possible. It all comes down to how much eligibility you have remaining, which is calculated by how much the first house you bought cost & where you are buying the new house (county & state). I can easily calculate what you would have remaining with some basic info. Depending on how much...

I am 53years old and have come into a lump sum of money ....low seven figures and I want to buy a four bedroom house so that I have a guest room and I also would like a big back yard so that my grandchildren love coming to grandpas house I am not working cuz of a injury and would like to stay home and retire early I also have a good pension to collect in eight years
Hello, are you looking for a mortgage ? There are some mortgage options available using your assets to qualify. I would need more info to give you advice on options. If you have any questions you are welcome to reach out to me at 203-299-2034, you can call or text that number day or night. Im available via...

I work at a bank as my regular job, and when I have my orders I may work for the Navy for week, or months at a time...
Hello, you would more than likely need to average your last two years Navy income out. For the bank job it would just depend how long you have been there and what type of pay you receive ie; salary, hourly etc. I can help figure out the income you would get credit for. It also sounds like you may qualify for a VA...

Refinance after Ch.13
Hello, You can get a mortgage one year into a chapter 13. Your payment sounds a bit high on your current mortgage but I don't know how much your escrows are so its hard to say.Your debt to income ratio seems a bit high but its possible to reduce this with the new mortgage, again I don't have all the info needed...

What is the benefit of being a first time home buyer?
Hello, there are a couple "first time home buyer" programs available. Depending on your qualifications you may be able to buy a house with one of these programs with as little as 3% down payment and you can roll some closing costs into the loans using a sellers concession. The primary benefit of this...

Want to increase prop value and remodel.
Hello, I would need to evaluate your current mortgage to see if refinancing is the best option but based on the details above you should qualify for a mortgage for what your looking to do. You would have a couple options available with rates starting somewhere in the mid 4% range with a 618 score. One thing...

I would like to purchase a vacation home but was told I need to put 25% down. Is this information accurate? It seems a bit high.
Hello, it is possible to purchase a second home with as little as 10% down & you can roll some closing costs into the loan using a sellers concession. Rates are in the low 4% range right now if you have good credit. If you have any questions you are welcome to reach out to me at 203-299-2034, you can call or text...