Can I refinance my house without my husband being involved?
you will not have to count your husband's debts against you if you do a conventional loan. we can structure the loan in your name only where his negative credit history does not affect you. give me a call at 214-733-6899. if you do an FHA loan, then we would have to include his debts (those in good...

How to get a home loan with a 590 credit score?
I have worked with many people that have had lower credit scores. What I usually hear from them is that someone referred them to a credit repair company that simply took their money and nothing improved. For most people there are areas we can identify that we can work together on to improve. I have had...

What are the income requirements for an FHA loan for two people?
Hello. There are no income limitations, however your debt to income ratio needs to be no higher than 55%. FHA is an excellent option if you have high ratios. I would be happy to work up a loan application for you to see what you qualify for. There is no obligation to complete a loan application. Please call me at...

Single mom new home purchase question.
Let me know what state you are looking to purchase in. We can help you with what you're looking to do. We need to put a loan application together to be able to tell you if you can get approved or not, but on the surface, the answer is 'Yes, we can help."Call me at 214-733-6899.

Is the No Doc Equity Loan Available in TX?
Unfortunately, those programs are unavailable. You will need to provide verification of income and assets to qualify for this type of loan. Why do you desire a No Doc loan? If it's ease of transaction, the only documentation that would be extra would income documents and assets, so it's not...

WHat are the different lock priods for 30YR mortgage ?
It depends on when you want to close. Most of my clients that are refinancing or even buying in the next 30 days are put on a 30 or 45 day lock. You can lock your rate longer out, but the rate could worsen by up to an eighth of a point to do so. Give me a call and let's see what we can do for you. I cover the state of...

What to do about loan??? (w/ 755 credit score)
I have experience with clients purchasing REO's. What I have seen is that the bank wants you preapproved with them, but it has not been an issue that a different lender closed the loan. I think they want to know you are qualified. If you go elsewhere so be it, but I think it helps them in their decision...

Could i afford a $174900 house with a 50000 annual salary?
The short answer is yes. We are interested in two ratios; your housing ratio and your debt to income ratio. I deally, we need your debt to income ration to be around 43%, but we may be able to get an approval with a higher dti. Depending on how much you plan to put down as a down payment, your credit score and...

Underwater on mortgage
What are you basing your home value estimate on? Let's take a look at the recent sales in your neighborhood to make certain we know what we're dealing with. There is a program in place right now that is for underwater homeowners. It also depends on the type of loan you currently have. If you have...

Need help on investment/new home question
My opinion would be not to do that. Unless this home is truly an investment property you are looking to flip I would leave my money in the market as scary as that may be. I am not an investment professional, but I never like the idea of taking money out of investments such as an IRA or 401K to invest in a home. Over...

Where can I get a VA loan for the Fort Worth area?
I would be happy to assist you but based on the income you believe you are going to earn, I would advise lowering the price range of the home. Your debt to income ratio needs to be below 50% to get an approval. At $300,000 with 10% down, you are going to be over 55% and that's without any other liabilities. ...

Is short sale the only way for me to move into another home quickly?
I would never advise a short sale. In your situation, you would not be able to short sale anyway. It appears you have a lot of equity, so why not sell the home for a little under market value if you want to get out quickly. That would take care of it. As far as the new home, you need to be prequalified as soon as...

Does HARP 2 help people with high DTI also?
The short answer is, Yes, you can qualify with high ratios. I am working with a couple of people right now that have high dti and we have an approval. Call me to complete your application to see if you qualify at 214-733-6899.

My credit score is 735 and my wife's is 609 A broker said she needs at least 620. Is this true
We are able to qualify people down to a 600 for FHA, but the down payment minimum is higher than 3.5%. With a 609, there is usually something that can be done to improve the score the small amount you need. I have a lot of experience helping folks improve their scores. Call me at 214-733-6899.

Where do I feel out the credit application?
www.timsingletonhomeloans.com