I have poor credit but my husband's is good. Can I gift a down payment to him to buy a home?
Hi Cynthia,It also depends on the type of loan you are using. If you're in a community state, then an FHA loan would require that your credit be ran as well, but that is no the case with conventional financing.Hope this helps!

Is it possible to get a loan with a credit score of 608? I have 40k for a down payment and have been trying to build my credit up.
It's been said before, but I will reinforce. We have FHA loan programs down to a 580 FICO, but we go through a thorough review of your credit and why the score is where it's at. Any FICO below 620 will trigger the loan to be largely scrutinized. It's possible, just has to have a more thorough...

non-warrantable condo??
You may also be able to move to a conventional loan as well, but it really depends on the project details. Many lenders have conventional loan programs with as little as 3% down, so if the property is not FHA approved, but does meet FHA guidelines and the approval has not been completed, you could...

How do I pay off my mortgage loan without lowering mycredit score?
This is really something you would need to talk to a credit specialist about. It depends on what you are wanting to accomplish. If all you are doing is taking cash out of a bank account and paying off your mortgage loan, it would likely not impact your credit in a negative way, but the scope of your credit...

HARP Program
Good afternoon. As William mentioned, this will be on a lender-by-lender basis but is not prohibited in theory by Fannie Mae HARP guidelines. Speaking only for myself, we will require a wait period of 2 years from the discharge date and/or 4 years from dismissal date. We are a direct lender, licensed for...

House underwater, what are my options for refinancing?
Hi Kandaca,Lots of factors come into play. I am licensed to lend in California and am happy to answer your questions specifically if you'd like to call me. 714 619 5609We would need to know how far you are underwater, your credit and payment history on your home, when you got your mortgage, and who...

Is now a good time to buy or should hold off until summer?
It's a big gamble by hoping to wait until the market improves. Here's what we know right now:Interest rates are still at historic lows. Borrowing money to buy a home today, although not as cheap as it was a year ago, is still incredibly inexpensive and most likely at a level that is not sustainable for much...

What up front fees will i need when i get a mortgage
Hi Greg,Typically the only fee you will have is the appraisal and home inspection. All other costs are paid at closing.If you would like to talk, I am pretty local to you, in Orange County, and am happy to answer any questions you have. You can reach me at 714.619.5609Brian Kimball714-619-5609Summit...

Want to get a first time homebuyer loan, but just started a new job
Hi Veronica!There are a lot of variables, so I couldn't give you a blanked answer without knowing a bit more, but in many cases, a change of employment would not cause a problem, we would just need to get 30 days of your new paystubs from you before you can close the loan.I work with the State of CA with a...