Is there a minimum % equity required for a reverse mortgage?
To be eligible for a reverse mortgage, there must be substantial equity in the property. Minimally, the amount of equity should be in the neighborhood of 50 to 60% of the appraised value, depending on the ages of the homeowners and the current interest rate. The reason the equity requirement is so high...

First time home buyer
No. to use the income you have to be on the loan. the bankruptcy needs to be 2 years old since the file date.

Help on buying a second house
This is a great question. in order to give you the best answer there are a few more details that needs to be considered. if you are interested to duscuss this, feel free to contact me anytime at 219-865-4000 and ask for KevinThanks.

Baytree lending Company. you can contact us at 219-865-4000

when does the $8000 credit end? Is it possible they might extend?
Hello.You need to have an accepted offer and purchase contract by April 30th. the purchase needs to close by June 30th.FHA loan would be your best option for Low downpayment. we have the ability to close FHA loans very quickly. please feel free to contact me at your earliest convenience to get PRE-APPROVED...

I APPLIED FOR AN FHA MORTGAGE, WAS ALL APPROVED THEN THE APPRAISER CAME. HE HAD ME DO 500 DOLLARS WORTH OF WORK TO THE PROPERTY THEN THE BANK TOLD ME THAT THE LOAN WONT GO THROUGH BECAUSE THERE IS A LIST OF DEFERRED MAINTAINANCE THAT NEEDS TO BE DONE. DOES THIS HAVE TO BE DONE BEFORE AN FHA LOAN CAN CLOSE?
What kind of deferred maintenance are they talking about. some things might not need to be completed due to weather such as paint, yard, etc. in those cases the lender would request to hold some money in escrow until the work is done. let me know if you have any questions. Kevin Parham/Baytree Lending....

Can someone pelase explain the FHA "Streamline" refinance ?
The name streamline explains it. it's suppose to be easy and streamlined. as long as you have been in your current FHA loan for 6 months without missing a payment you can lower your interest rate without having to go through all the refinance hassle. you have the option of getting it done with no...

Is it possible for me to get a mortgage?
We can help you with the purchase of your home. we can help you with different programs and down payment as little as 3.5%. Please feel free to contact 219-865-4000 and ask for Kevin. our pre-approval take about 30 minutes. that way you'll know right away if there is anything you need to do as far as your...