what is the maximum income limit to be eligible for HARP
There is no income limit for Harp, but it is limited to a minimum of 80% LTV and the loan must have been started before May 31st, 2009. This is an unlikely scenario in the Colorado Market. Feel free to contact me with any additional questions you may have.

Is 580 score approved by most lenders?
It is possible to get approved as low as 500 on an FHA but you will pay a higher interest and there are more factors involved in getting the approval. Work with a local trusted mortgage broker. They can show you the options in your area.

can i find a mortgage that does not require a down payment and me paying the closing costs
Find a local mortgage broker for advice in your area. Look into the USDA home loan, inf in an eligible area you can go in with no money down. Also if you or your spouse have a military background you may be eligible for a VA loan. There are also 1%-5% down programs that may be available. I am licensed in Colorado...

Is there a waiting period to purchase a home after a short sale?
It would depend on the loan program you use. There are some programs that you can purchase 1 day out of Short Sale, Foreclosure, Bankruptcy or Deed in Lieu. These require larger down payments and higher rates. FHA, conventional and VA have different wait periods from 3-7 years. You would need to speak with...

How Do I Receive A Cash Down Payment Gift For A Home?
You will need to speak with the mortgage broker you pick to handle your loan. You will need a gift letter and it needs to have the correct verbiage from the person giving you the gift. This letter generally states that the money is a gift with no type of repayment expected. Also this gift must come from an...

how long does a person need to be employed at their job to qualify for a loan
Lots of factors go into determine stability of income. Basically we start at 2 years employment. If you have at least 2 years with the same employer we should be able to determine a qualifying income. If you changed fields we would have to look into the background of the job change. Also, are you W2, 1099, or...

First time home buyer
This would be dependent on the loan you receive and your profile. FHA and VA have more flexibility than conventional for DTI but this would depend on your situation. Make sure you speak to a local mortgage broker that can run an approval for you and get you a solid figure. Antonion Acosta NMLS# 1662255 ...

What is the difference between an FHA loan and a regular loan. How would I know which is better for me?
I would say to speak to a local mortgage broker with your particular situation. FHA loans have lower rates but require upfront and monthly mortgage insurance. FHA also may allow more credit situations and higher DTI ratios for approval. Conventional is a little more strict on credit and DTI but you only...

looking to purchase a used mobile home that needs repairs 203k loan - how long do they take?
These loans take longer because you would need to have a contractor bid and there are additional steps. Speak to a local mortgage broker but expect up to 60 days to close.

I am making less money than I was when i bought my house. Is there a program out there that can help me with getting my interest rate/ payments down? Is refinancing a good option?
More information would be needed. This would depend on your current interest rate and type of loan, balance and equity, debt to income ratio and current credit situation. I have seen clients with opportunities to save a few hundred/month due to no mortgage interest while having a slightly higher rate. ...

I want to get a $6,000 loan against my manufactured home but 1500 of that will go to pay off my manufactured home can I get a loan
A personal loan may be your best scenario. I don't know of any lenders that allow that small of a loan. Speak to a local mortgage broker for minimum loan amounts in your area and if your home would be eligible. I am licensed in Colorado. NMLS 1662255 (719)930-8455

I am the land owner I also am the builder. How does that work for getting the v a construction loan
Whenever you get a construction loan through VA you need to have a arms length transaction from the builder. This means that the builder cannot be you or anyone related to you. If you are looking to build this would most likely fall into an investment property and you would look into additional financing...

VA home loan with lower credit score
This would depend on your specific situation. I have seen VA loans for lower than 580 or with only a single bureau but we would have to look at your entire credit profile. Find a local mortgage broker that can guide you through the process. I am a license mortgage broker in Colorado. NMLS 1662255 ...

What are the advantages of going through a broker rather than just going directly through a bank?
A broker will have multiple loan products to find the loan that best fits your needs. A broker will shop multiple investors to find the best rates and programs for your specific needs. They also are able to get people qualified that do not fit the box of a bank program. As I broker I have completed many types...

what is closing cost
Closing costs refers to the cost to close your loan. This will consist of multiple items performed by multiple people. There may be an origination charge that is either to pay the company that originated the loan or to buy down the rate, processing fees for a processing company that orders appraisals,...

What kind of loan can I apply for? I don't owe anything on my home and I need to borrow to finish remodeling
There are multiple options that would depend on your employment, credit and your home value. You would need to speak to a licensed mortgage broker in your area with your particular situation. Some programs may require a current lien in order to refinance while other programs will not. I am licensed in...

if i recenlty had a 3 cc payments over 30 days how long do i have to wait to reapply?
This would depend on your complete credit situation. While late CC payments negatively effect your credit, you still may be able to apply. Make sure the CC payments are up to date before applying and speak to a licensed mortgage broker that can review your credit file and better advise you of what you can...

Short Sale Question. Good Credit 689. Income $85,000/year
This would be a question for the mortgage company that holds the lien on your home. The company that holds the mortgage would be the one making the decision on a short sale. If the home is located in Colorado you may want to speak to a realtor about a CMA to see what your home is actually worth. Denver and...

How soon, if at all, can we refinance after a bk?
This would depend on your complete profile. There are programs available that may allow you to refinance 1 day out of BK while other programs may require you to wait 2-5 years after the discharged date. This also would depend on what type of bankruptcy you filed. Speak with a licensed mortgage broker in...

Does outstanding 401k loan hurt DTI when applying for mortgage loan?
This may not affect your DTI, but may affect your reserves. Depending on your loan file, you may need reserves and 401K plans usually qualify for those reserves. Also, be sure to keep any documentation and speak to a licensed mortgage broker in your area. They can review your entire profile and find the...