Is 2 years of work history absolutely necessary for my wife? Read more ..
So long as she is in a position related to her degree you will be able to utilize her income. Don't hesitate contacting me for a comparison, etc. I'm located in MA and have access to the MASS housing loan which will allow you to put 3% down payment with unemployment insurance options that pay your mortgage...

How much income is necessary for buying a 600K home in MA if we have 15% down?
It's imposible to say without knowing some details. I'm local and licensed with the Division of Banks in MA. If you could address the following items, I can send you some accurate information regarding rates, max approval amount, etc. spashoian@gmhmortgage.com-Income?-Which County in MA?-Real...

are there DPA programs for educators in the cambridge area
Check with your local town office as well. The second part of that is making sure you have a lender that will accept DPA. There can be overlays that don't allow them, requirements for 'minimum borrower contributions', etc. depending on the circumstances. (i.e. FHA vs. VA, 5% down vs. 20% down, etc.). I am local to...

can i go conventional at less than 20% down?
Absolutely. I've even got a MASS Housing loan that allows up to 97% financing with options for no mortgage insurance. Which program and down payment combination makes the most sense for you will depend on credit score, rate vs. mortgage insurance, down payment desires, etc. I'm here in MA and have access...

About how much would I need to get my credit up for good rate
It really depends on the program, down payment, etc. On FHA, MASS Housing Loans, USDA, VA loans, etc. it doesn't always make much of a difference. On conventional financing options, it will matter more, but in all circumstances it depends on the final loan to value and other factors. I have some tools that...

HELOC
It really depends on your Loan To Value, Credit scores, etc. to see what you could be approved for, but essentially the options would be refinancing 1 or both existing loans. I'm licensed by the MA Division, reside in central MA and have the programs that can make a difference. With a few questions...

how do i determine fha loan limits for the boston area?
$625,500 is the limit for Dukes County and Nantucket. The limit in and around the Boston area is $470,350 with FHA and/or a Fannie Mae 'high cost' loans. Another option may be to do a 1st and 2nd which would allow you to finance up to 90% Combined Loan to Value. My first question would be why FHA? Feel free...

Do I qualify for va if i was in the army reserves?
I've copied the requirements directly from the VA site below. I am local in MA (near Worcester) and am licensed with the Division of Banks. GMH background is in providing military housing services so we have the experience to address your needs. If you need to pull an eligibility certificate I can get...

changing jobs and getting a mortgage
I agree with what has been said below. If you would like local representative, I'm here in MA and if qualified have access to the programs you might need including MASS Housing 97% financing with no PMI, FHA, USDA 100% financing programs, etc. spashoian@gmhmortgage.com NMLS# 29969.

are interest rates on manufactered home differant than for single family?
Yes per others response - but are you talking about a manufactured home or a modular home? They are often used intermittently but treated very differently when it comes to financing. If Modular - please feel free to reach out. I live in Spencer, MA and am happy to help with access to FHA, USDA 100%...

I have build a two unit condo and would like to get it FHA approved. Do I have to have one unit sold first?
No - you will see 49% max investor ownership but FHA is ok with 2 unit property with one being sold and the other being owned as 'investment'. I am in central MA and can aid you in getting it FHA approved. Please feel free to reach out and I can send some general guidelines, etc. I can also work with FHA from our...

can i refi 2 properties within matter of about 3 months?
Absolutely - same day for that matter. If you can follow up with approximate loan amounts, approximate credit score, value and number of units I can follow up with some rate/cost estimates. If not too long before they are paid off, may be worth exploring doing one loan to consolidate both mortgages into...

credit 706 good for underwater property refinance?
HARP refinance is the easiest answer assuming the original loan was taken out prior to June 1, 2009 and is truly a Fannie Mae loan. Use this link to verify. Depending on your loan amount, current rate, etc. it might be the help you need. https://knowyouroptions.com/loanlookupEssentially it allows you to...

is ther down payment assistance for conventional mortgage in MA?
There can be special programs with down payment assistance in certain towns, but you would have to check as referenced elsewhere here. Otherwise, 707 credit score would qualify for 3% down conventional programs, 3.5% down FHA loans, 100% financing for USDA loans based on location (Middleboro...

Looking for a USDA lender in MA
I do them and would be happy to help. Send an email and/or call any time 508-612-1835. I can follow up with eligibility maps for the areas you are interested in and can certainly follow up with a pre approval once I've got the details, etc.