Want to refi after a prioe cash out in Texas.
Hi Don. From what you've provided, a VA cashout is definitely my first thought. I am a local mortgage banker (Austin, Texas) and frequently work with VA loan products. Like William mentioned and as Texas law dictates, we are capped at an 80% loan-to-value on cash-outs; but, assuming your...

Will lenders make exceptions to the DTI requirements for FHA loans?
Hello CGraff. Exceptions, in their conventional sense, are not typically made on FHA loans; but this does not necessarily mean that you will not qualify with a higher than average DTI. FHA loan approval is an algorithmic evaluation of your overall borrower profile; meaning that strengths in certain...

BANK OF AMERICA
Hi Michael. In most cases you will need to wait until the property is assigned to an asset manager and then contact that person. Additionally, it is not likely that the bank will lease-to-buy the property. Best of luck!

How do I qualify for a VA loan?
Hello D Simmons. Determining your VA eligibility is a pretty simple process and usually just requires a DD-214 and Certificate of Eligibility. I am a mortgage banker in Austin, Texas and am availabe to assist you with this. Please call (512)381.4657 or visit www.chrissamples.com. Thank you and Happy...

Could I qualify for a home loan with a low credit score and a high down payment?
Unfortunately no. Some lenders can offer programs at minimum score of 580; though most will require a 620. Perhaps you can utilize some of your available down payment to pay down/pay off collections, liens or tradelines which will improve your credit score.

What refinance options are available for jumbo loans with high LTV?
Hello GEmery. It may be possible, but it's not likely. Some small specialty/local banks might offer a 90% LTV product but, gererally speaking, the max allowed on a Jumbo loans by most lenders is 80%. If you're in a position to do so, you could pay your loan balance down to $417K so that you can...

home loans for people with bankruptcy
It really depends on the type bankruptcy, the reason for the bankruptcy and how long ago it was discharged.

Do you have a phone number to call.
I am licensed in NJ. Please contact me at your convenience. Chris SamplesSenior Mortgage BankerPrimeLending, A PlainsCapital Company(512) 541.3806 office(512) 919.2401 mobile(866) 774.5002 faxcsamples@primelending.com www.chrissamples.comNMLS# 76544

could i go zero down for VA with a 620 credit score?>
Hello. Yes, we offer 100% VA financing with a 620 middle credit score. Please contact me at your convenience to discuss your situation and this program in more detail. I look forward to hearing from you!Chris Samples | Senior Mortgage Banker | PrimeLending, A PlainsCapital Company | (512) 541.3806...

Can i qualify for a "home path" loan with a foreclosure on my credit
If the foreclosure was reported within the seven-year period prior to the credit report date, you will not be eligible for the HomePath program. If not within that 7 year period you should be alright.

Does a month gap in income affect mortgage qualification?
As long as your position and industry are pretty much the same before and after the gap; and that you didn't change from a salaried to a commissioned pay structure, then you should be alright.

Is there a way I can avoid paying the closing costs
Sure. In exchange for accepting a slightly higher interest rate, the lender should be able to pay the closing costs for you.

The property I'm looking at is in Arizona technically- do I need an Arizona lender?
The lender does not need to be locanted in Arizona, but does need to hold an Arizona state mortgage license.

what are the turnaround times for usda loans in alabama?
45 days is about average.

is the rate i see on the GFE my rate and is it locked?
Hello. On page one of the GFE, there is a section called "Important Dates". Does the date shown in the grey box in line 1 of that section match the "Date of GFE" shown in the larger grey box at the top of the page? If it does, then your rate is NOT locked. But, if it does not, then your rate IS locked and that...

I've locked in my rate with the bank but now I want to back out - possible?
You shold be just fine to simply cancel the file and take your business to any other lender you'd like.

What are the debt to income ratios for a conventional loan with 5% down?
45% back end ratio

Looking for a jumbo loan 80-90% LTV with no PMI
Good afternoon Kimber,I work with several Jumbo lenders that offer loans at 80%-90% LTV without PMI. Please call or email me to discuss the program specifics and interest rates associated with each. Thank you!

Does fannie mae allow lender credit to pay for closing costs?
Yes!

do you lose the money you put down on contract if you are not approved for the mortgage?
As part of an executed purchase contract, you and the seller typically agree to a "financinig contingency" period which is allows time for your loan to be processed for conditional approval. If your loan is not able to be approved, as long as you are still within that alotted period of time, you can...