how to refi a underwater, non-fannie mae or freddie mac loan
Good morning! If you have not yet refinanced, now would be a great has time to see if your home value has gotten to the point of even. Rates are at 16 month lows, and you may now be in a position to take advantage of them. Clyde Penton NMLS# 979755 404.604.7013

could i go zero down for VA with a 620 credit score?>
The ability to get a VA loan with no down payment is going to depend on your eligibility/county loan limit(s). You can either request your COE yourself or provide a small amount of information to your lender, and they can request it for you online. You can check the VA loan limits at http://www.benefits.va...

stated loans in CA?
As stated in the thread stated income loans are no longer allowed. I would be interested in seeing what your scenario(credit, assets, etc) looks like to see if an asset based loan may work or perhaps another portfolio loan we offer. I hope your search goes well either way.Sincerely,Clyde PentonNMLS#...

What's the best option for me??
Good evening. I am currently working with a borrower in a similar situation. It sounds like you may be able to purchase a home. I would be able to sit down with you and let you know your options. You would need to provide your most recent 2 years income tax statements to see the purchase price/monthly payment...

What is the best no closing cost 30 year rate on March 10
Glenn,It depends on the type of loan (Conventional/FHA/VA), and if it is a refinance or purchase. I would be happy to give you a quote. You can give me a call at 404.604.7013.Clyde PentonNMLS# 979755CBC National Bank

what's the minimum down payment for a conventional mortgage?
preesha98300651You must put at least a 5% down payment on a conventional home purchase. There are several down payment grants available in Georgia. I hope you are able complete the home purchase.Thank you,Clyde PentonNMLS# 979755404.604.7013

is it easy to purchase a home with no money down and paying no money out?
Good morning! We offer down payment assistance programs that would reduce the amount needed to purchase.. I would love to help you buy this home. Please let me know if I can be of assistance. Clyde Penton NMLS# 979755 404.604.7013

Want a usda loan but how can I get the lowest rate on insurance possible
What William said is absolutely correct. USDA loans are definitely the best of both worlds. I am a mortgage banker here in Georgia, and we offer USDA financing. Please contact me if you have any questions.Regards,Clyde PentonNMLS# 979755404.604.7013clyde.penton@cbcnationalbank.com

Can Homepath be used for second property?
You are able to buy an investment home that is a homepath property. The HomePath Renovation Mortgage is available to individual investors for up to four total financed properties. Let me know if I can be of assistance. Clyde Penton NMLS# 979755 404.604.7013 CBC National Bank

Can you do a rate and term FHA on an Investment Property?
Kevin,You can indeed do a rate and term refinance on FHA investment property. It is not allowed by all investors, but a couple do offer it. I have done several of these loans.Let me know if I can answer any addtional questions.Clyde PentonNMLS# 979755404.604.7013CBC National Bank

If i file selfemployed for mortgage how many returns do i need to show and do i provide my business license?
It depends on the type of mortgage for which you are applying . You may be able to use just one years tax returns in your current year profit and loss. Let me know if I can be of any further assistance.Clyde Penton NMLS#979755 404.604.7013CBC National Bank

USDA loan denied...now what?
The only thing I can think is that the initial lender goes with a zero derogatory credit in the last 12 months policy. Without more information it is hard to be certain. There are other lenders that will allow for a single 30 day late within the year. I have seen USDA loans approved/closed with an open...

Can i build a home ith a va mortgage?
As Phil stated with ~30% to put down you may be beter off with a conventional construction-permanent loan. I offer this product. I also recently spoke with a lender rep that advised he offers the product in question(VA Construction loan). I am unsure if they are offering it in NM. Let me know if you would...

whats the max ltv i can do on a loan with no insurance in georgia?
I am assuming you mean no mortgage insurance. The answer is 95%. Depending on your credit score, you can put 5% down on a conventional loan and have no mortgage insurance payment. If you intend on purchasing in the Caldwell area, you may be better of using USDA financing. This allows for 100% financing, low...

can i buy and build on land using usda loan?
As you can see, USDA does not offer construction lending. Joe and William have both provided great options on how to go about the process that ends with a USDA loan. I am not sure what your ability is for down payment, but there are some available options with as little as 10% down on straight construction...

do va rates come adjustable as well as fixed?
I hope you have been able to get your question answered already, but if not here you go. VA loans have many options including 30, 25, 20, 15, and 10 year fixed rates as well as 5 and 3 year HYBRID ARM mortgage loans. I am more than happy to provide any additional information or answer questions regarding the...

Can you qualify for FHA after owner financing?
Good evening! I assume you are currently in an owner financed situation? How long have you been in the owner financed situation? Was it actually recorded at the court house? Has money been being set aside during the lease-purchase/owner financing period for a down payment? You should be able to...

Is anyone doing these loans Delayed Financing" Mortgage : Pay Cash For A Home Today, Do Cash-Out Refinance Tomorrow by Fannie Mae?
Good afternoon! I am able to do the 1 day after purchase refinance loan. Contact me if you have any questions. Clyde Penton NMLS# 979755 404.604.7013

Alternative to homepath loans?
You are correct that the HOMEPATH lending option is currently off the table. Fannie Mae still plans to keep the HOMEPATH website for listing their REO properties.(I spoke with them regarding this 3 weeks ago). You are still able to purchase HOMEPATH properties using standard Fannie Mae or even Freddie...

down payment assistance for conventional mortgage?
There are some program available that offer down payment grants on conventional loans. There are several factors that will need to be examined to determine if you are able to qualify. There are also USDA options available that allow for 100% financing depending on where you are purchasing. Feel free to...