loan for manufactured home
Yes, there still are programs available for chattel only loan request. Each and every loan scenario is underwritten & priced on a case by case basis, weighing each submission on its own individual merits. Rates typically range from 7.99% to18% depending on credit quality, Loan to Value (LTV),...

what are the other options if your loan is not fanny mae or freddy mac?
As you have read in other responses to your question, there numerous other programs or products available. In order to answer your question properly, you would need to provide further details regarding the scenario of your loan request. Please feel free to send me an email at your earliest...

How many 90 day extensions are allowed after death on a reverse mortgage
Mr. Acres previous response is correct and should answer your question. If you need assistance, please feel free to contact me.

looking to refinance my mobilehome and land only owe 30000.00
Good morning! Programs and Interest rates vary on Mobile Homes, depending on the size (single wide/double wide), along with the foundation that the home is on. We offer several different programs and we are a local company. Please feel free to reach out and contact me to see if we can assist you with your...

Can I pull out an equity loan from my investment property
Good morning! Yes there are programs that allow for refinancing your investment property. Most products allow for this type of property would allow for a loan up to 75% of the appraised value and still offers competitive rates. If you would like more information, please feel free to contact me via...

Is there anyone doing va loans in Alabama with 580 fico?
General lender guidelines for VA loans allow for scores to 580. Although there are several lenders that will allow scores down to "530". If you would like to discuss your options in detail, please feel free to contact me anytime. (Tom@thamesjackson.com).

Have been out of bankruptcy for about 6 months, property worth 155,000 need equity line of credit, balance on property 11,000
There are programs that will allow for a refinance on your home with a recent bankruptcy (chapter 7 and 13). We don't have a line of credit program (for this scenario), but a cash out refinance is available. If you would like to discuss further details regarding programs please feel free to contact me...

PURCHASED HOME 7 MTHS AGO FOR $60,000. IT APPRAISED FOR $90,000. CURRENTLY OWE $53,000. CAN I REFI WITH CASH OUT FOR IMPROVMENTS?
If a property has been owned less than 12 months you will need to use the lower of the purchase price or the appraised value. In your scenario, that would be the purchase price. FHA does have a program that will allow you to refinance your loan (as long as it is your primary residence) and finance the...

First time home buyer, how do I apply for FHA?
As mentioned in the responses from Bonita and William, you need to discuss your scenario with a loan officer. He/She will then be able to determine if you qualify for a FHA loan and if that is the best program options for your situation. Please feel free to contact me anytime to discuss the programs...

Can we get a mortgage?
That is a difficult scenario to answer with limited information. "Banks" normally require a 640 or greater credit score, but there are programs that will allow for scores down to 580 offering 96.5% financing, and down to 550 with 90% financing (both FHA products). With scores under 640, you can not have...

No credit but we have 10% down payment
There are programs available for no credit and/or limited credit that will allow up to 96.5% financing (if you have no score) and down to a 530 mid score if a score is present with loan amounts up to 90% of the purchase price or appraised value (lessor of the two). You would need to be able to provide...

cash out
Is there a specific question you have regarding cash out?

What is the lowest credit score you can purchase 1st time?
FHA will allow scores down to 500 offering 90% financing (10% down), but will go up to 96.5% financing with 580+ scores. USDA will allow scores to 580+ and offer 100% financing. Conventional programs require 620+ scores and offer 97% financing. Hope this helps. If you have any questions, please feel free...

RM refi
Mr. Acres is correct in his last response. There are several programs available that would allow you to complete the home improvements. Please feel free to contact me anytime to discuss your options. 251-609-3770

gadsden alabama lender
We service the entire state of Alabama. Did you have a particular question/scenario?

REFI QUESTION
As long as you are on title to the subject property, you can do a refinance mortgage. If you have not treated the property as an investment property, meaning the property is your primary residence, you can use the appraised value to qualify for the mortgage. IF you have treated the property as an...

Will I get approved?
The general rule of thumb is to have a debt to income ratio of 36/45. The "36" represents the new monthly mortgage obligation (including P&I, mortgage insurance, property taxes, HOA dues, etc.) The "45" includes ALL debts (including new mortgage), NOTE: the "45" can be exceeded in certain...

I just refi'd 3 years ago. Too soon to refi again? Is there a limit?
There are no restrictions on refinancing your mortgage(s). The only thing to consider is the pros and cons of doing a refinance. Such as comparing your current interest rate and terms. Rates are in fact better than they were 3 years ago, so you should have options to benefit you. I'm here to answer any...

Best way to qualify for a 3rd home. First 2 mortgages are under my name.
That really depends on the use of the other property's financed and the location of the property's. For example, if one property is an investment home and you intend to use one as a second home or investment, then you could treat the new home as primary (or other options). You would need to discuss this in...

Is 20% down on a jumbo loan always necessary?
That is correct, the minimum down payment is 20% on Jumbo loans.