refinance my 80/20 loan in Colorado??
Keep your business local. You should consider USDA loan as you are in a rural area. Jason Berman 970.455.4131

how long does refinancing an fha loan usually take?
Jason, make sure you consider the 'cost' of the refinance before you make a quick decision on your refinance. Rates have come back up a bit & and unless your mortgage insurance rate is high, it may not make sense to do anything right now. Also, I'd recommend looking at options to drop your mortgage...

Refinance FHA 30 yr mortgage
Hello, do you owe $155,000? Was unsure based on loan amount you mentioned. What rate are at right now? You should have no issues refinancing & I would recommend that you look at a 15 year conventional mortgage without mortgage insurance. All FHA loans have mortgage insurance & you have the equity to not...

We are looking for 7 arm rates colorado. What is the best "real", non-teaser market rates at this moment?
Hi Kathy, it really depends on FICO, Loan to Value, Type of Property, etc. There are several variables that go into pricing out this request. You can also toggle the rate & get more lender credit (lower cost) so structuring the quote based on need & priority is best approach. If you have questions & want to...

WOuld getting a pre-approval letter actually help me better negotiate on the offer we are putting on a house?
Most sellers expect this as an absolute. They don't want to take their home off the market if buyer isn't eligible to obtain financing. Pre-approval certification will help allay those fears.

FHA question
Yes there are no restrictions on selling your home. Good luck with your move to MO.

How long do we have to wait after a BK is discharged to get a good rate on a home?
48 months from the discharge or dismissal date.

need a jumbo loan post short sale
Hi Jennifer, Short sale rules changed this year. Fannie Mae has reduced the mandatory waiting period for a mortgage after bankruptcy, short sale, or pre-foreclosure. Borrowers no longer need to wait 4 years before re-applying to get a mortgage.Give me a call if you have any questions. 970.455.4131....

If I sign my CD electronically today, when is the 3 days up? Does it count only business days?
I think you will be done on Monday. Tomorrow is Day 1. Saturday is Day 2, & Monday is Day 3. You can fund on Day 3.

So i am pretty sure my credit sank to the 500's this past six months, but is there any creditor who would consider a refinance?
Here's the way to handle this situation. Find out what is affecting your score & then put a plan in place to work on getting it back up. Whether that mean paying down debt, challenging inaccurate blemishes on your credit, or not being the cause of any additional late payments ... you CAN get the score back up....

How much down payment do I need on a 345k loan to avoid PMI? Also how much do I need to have in the bank for reserve?
Hi Lynette, the answer is $60,000. Reserves are minimal. Generally if you have $60k to put down, reserve requirements aren't an issue. Do a no-cost loan if you are concerned about reserve requirement. Actually you should do a no-cost loan regardless of what type of loan & how much you put down. Be happy to...

I have $5,000 in savings, can I purchase a house with just that amount? Income and credit are good, just lacking in the savings area.
Most if not all of Mead, CO is eligible for USDA Rural Development loans. As you get closer to Niwot & Longmont, properties are no longer eligible but as long as you stay in the USDA areas, you can get 100% financing. Zero down.Pair that up with a no closing cost loan and you can get into a house for very little...

What is the minimum down payment for a $375k home? I have good credit but don't have alot in savings.
Hi Justin, Logan County is 0% down (USDA Govt. Loan). There are some Max income limitations. Depends on family size. I do a lot of these every year. It's a solid product. Give me a shout if I can answer any questions. Jason Berman970.455.4131Frisco, CO

Looking for a loan for $40,000 for land. Credit score 590. Any lenders specialize in these kinds of loans?
Doubtful. 50% down, local bank. Work on your score. Figure out what is going on with that first. 970.455.4131 if you have any questions. ~ Jason

Husband's credit score isn't good. Can we refi?
Joanne, I'd recommend pulling a triple bureau report on both you & your husband so you know the middle score and can develop a game plan. It's possible with a little time & elbow grease you can get his score up (if it's down) and use both scores. Good luck & If I can be of further assistance, get in touch. ~ Jason...

What is the going interest rate for a USDA loan?
Depends on Fico, Loan Amount, Lender, How you handle closing costs,etc. There is no 'going' rate per se. Shop around. Get quotes from lots of places.

If a mortgage cannot be assumed, is there another way it can be transferred to a family member?
It depends on the situation. I would consider selling it to the family member. In some instances you can refinance the family member onto the loan and it might make sense to do so (tap equity, lower rate, re-amortize mortgage). Find a good lender in your area and have them explore all options. You can always...

Can I apply for a loan if I had a foreclosure in March 2014?
Short & sweet answer. Yes in March of 2017. Call with questions. 970.455.4131 - Jason Berman (Mtn. Property Mortgage Specialist)