Why is my lender asking to see our HOA dues on our sewcond home?
James,Your lender requires verification of your HOA dues to check your qualification for the loan based on your total housing expense as a percentage of your gross monthly income.Bill Ladewig

What does maternity leave do to qualifying for a mortgage?
As others have already stated you will qualify based on your income and credit when you return to work as long as you can show at least two years previous employment. The lender will require a copy of your current paystub before they will fund your loan.Best wishes for your happy and healthy baby.

Any less than 20% programs for Jumbos?
If the purchase price is &700,000 then we can go up to $625,500 which is 88% Loan to value.

If my mother and father are willing to co-sign, will that excuse me bad credit?
Hi Sara, unfortunately the lender will use the lowest middle score to qualify your loan.It may be possible to raise your score and I can recommend a couple of credit counceling companies, if you wish.Bill Ladewigbill@yourfhaguru.com

Anyone yet doing 90% jumbo refi in CA with no PMI?
Daveyj, It will be long time, maybe never, before we see 90% jumbo conventional loans anywhere in the US.

clarification- 203k Streamline
Carpets should be ok. As long as the improvement becomes a permanent part of the home and adds value it is allowed by the streamline 203k. Not allowed are structural improvements, changes the require permits or landscaping improvements on the Streamline.

Am I being scammed?
Doesn't sound right, I would look somewhere else closer to home.

Can I get a 5% down payment Jumbo Loan with 680 credit score?
FHA may be the way to go Depending on county loan limits. As long as you were not on title or the loan on you spouse's home a 680 score will work all day long for FHA. Take advantage of over 40 years FHA experience. For no hassel information call me at 866.204.9733 or visit my site at http://www.yourfhaguru...

As rates are going up, when is a good time to lock?
LOCK ASAP See recommendations at: http://www.yourfhaguru.com

What is the minimum down payment you require for home purchase using government loans?
VA Loans are 100% with no downFHA require 3.50% down and in some cases a 3% grant or second loan is available.Bill Ladewigbill@yourfhaguru.com

Are va loans lower in rate in general than conventional ?
Government (FHA and VA) loans most often carry a lower rate however there is a VA Funding fee on VA loans that raises the effective rate. The best advice is to compare the costs and payments of available financing side by side. The big plus with VA financing is that it is 100% loan to value

does my lender have to have all my tax info returned from the irs before we proceed?
The lender will need your tax forms (copies) to begin processing your loan. During the loan process you will sign IRS form 4506-T which allows the lender to confirm your federal tax returns before closing with your tax transcripts. Most lenders will not close your loan before they receive your tax...

I want to buy a home in arizona, should i start the approval/ loan process here in california before house hunting?
It would be a good idea to contact a lender licensed in Arizona to begin the approval process as soon as possible. This allows you to know your maximum purchase price, financing options and the cost of the financing.

I currently have an FHA loan now and want to know if it better to switch to conventional now that the value of my home is higher?
Allow the numbers to make your decision. Compare your existing loan, side by side with various refinance options. The one with the largest savings is the winner.I would be happy to provide that information.Bill Ladewig, bill@yourFHAguru.com

What is the typical different in 30 fixed and say either 5/1 or 7/1 adjustable
For long term take the 30 year fixed while rates are still near historic lows. The rate of 5/1 is approximately 0.75% less than a 30 year and the 7/1 is approximately 0.50% less than the 30.For additional information call me at 866.204.9733 Best regards,Bill Ladewig

foreclosed in 2008.. father is ill, can i buy out my siblings for the home?
Enough time has elapsed to qualify for FHA the rest depends on you current credit and income. It takes only a few minutes. Call me at 866-204-9733

va 55% dti
55% DTI is doable.

are interest rates different for refinanceing between N.J. & Fl.
Rates can vary among states. Often TX and FL have better rates than the rest of the county.Bill LadewigBill@yourfhaguru.com

Have a 1st and 2nd Mortgage
Yes, There are a couple of possibilities based on your credit score.