do you work with first time home buyer programs
Nicole,Yes I do work with first time home buyers and have a wide variety of programs and down payment assistance programs that I can help walk you through so we can find the best program with down payment assistance programs for your needs. I would love the opprotunity to show you what puts me head and...

Question regarding Refinance, Harp, Underwater
I have been helping a number of underwater homeowners refinance under the HARP program and save hundreds of dollars on a monthly basis. As a mortgage broker with PRC Funding I also have access to a number of different lenders to help you find a HARP program that meets your needs. The HARP program is the...

Which MN lenders are participating in HARP 2.0?
PRC Funding is participating in HARP 2.0. What sets us apart from other lenders is the fact that we are a broker and shop around with different lenders who all have their different overlays of how Fannie Mae and Freddie Mac interprets the program. This gives us the ability to match you with the correct...

My credit score is 507, I have steady employment, and qualify for a VA loan. What are my chances of getting a loan?
With a credit socre of 507 your chances of obtaining a mortgage are very slim. You should familiarize yourself with how credit works and is calculated so you can begin to repair your credit to obtain favorable home financing. Here is a link about how credit works to help you get started... http://www...

Home Loan Question
When purchasing a home you will not be able to recieve any funds at closing. Generally your loan officer should be able to wrap most if not all of the closing costs into your new loan leaving you with just the down payment needed at the closing table. There are also down payment assistance programs out...

Prequalification vs. preapproval
A pre-qualification is the process in which a mortgage lender looks at your income documentation, pulls your credit report, fills out an application and runs that information through an automated underwriting system for an approval. The pre-approval is the documentation from the automated...

refinance if co-borrower had bankruptcy 6 yrs ago, and has since walked away from the home
Of course you can refinance your loan. As long as your Debt to Income ratio is within guidelines, your credit is up to par and you have a stable employment history you can take advantage of today's historic low rates. If you are interested I can shoot your information over to 40 different lenders and...

Hello,are they're any mortgage lenders that will wor
Mary,I am sure there are a number of lenders out there who can help you with finding a loan. However, I would suggest working on your credit to get your score up before signing up for a mortgage as a lower credit score translates into a higher mortgage rate. A good mortgage professional will be able to help...

GSE owned mortgage or not?
Here is the website address for Fannie Mae... http://www.knowyouroptions.com/loanlookupHere is the website address for Freddie Mac... https://ww3.freddiemac.com/corporate/

looking for home loan after a bankrupcty. discharged in may of 2012
After bankruptcy your credit score is likely to suffer as well and now is your chance to rebuild as lenders will not borrow money on a home until at least 2 year after bankruptcy. Work on your credit now and you will be in a good position when it is time to buy a home.

FHA to Conventional Refi
There are a lot of factors to consider when refinancing your home. If your home lost value and you have an FHA mortgage, then a streamline will likely be your best bet. However, if you have equity in your home, FHA requires you to have mortgage insurance for up to 5 years compared to conventional which does...

property inspection waiver?
A property inspection waiver is issued by Fannie Mae or Freddie Mac when refinancing under the HARP program. When your information is ran through their automated underwriting systems they will give you a value for your home. If this value works for your refinance you have the option of using that value...

bankruptcy down payment
NO... the amount of your down payment will not affect your waiting period.

Loan options with no mortgage insurance
If you are a veteran than you may be able to obtain a VA loan. FHA requires at least 5 year of mortgage insurance no matter what your loan to value is. Conforming loans allow you to avoid PMI at a loan to value less than 80 percent.

credit score 580 is there any where in MN we can get approved for a loan we are looking for nothing more then 60,000$
As a mortgage broker based out of Maple Grove, MN we work with well over 40 different lenders. With that being said, we do have lenders who will accept a 580 score on the purchase or refinance of a home. However, a 580 score will have a higher interest rate and may have a few more stipulations than a 620 score. I...

G-fees?
Guaranteed fees (g-fees) have been around for some time now and like Joe Haglund states they are the fees that Fannie and Freddie charge to guarantee loans. There are many speculations that the 10 basis points in g-fees will lead to a 40 to 50 basis point increase in pricing while others expect a 25 basis...

mortgage transfer
Nope

refinancing underwater
Sorry... at this point there are no options I am aware of.

can anyone refinance a mortgage that has a stick built home but also has a mobile home on property also
Yes but the mobile home value can not be added to the appraisal.

fha pmi
FHA requires you to carry PMI for a minimum of 5 years. However, the monthly PMI will vary depending on LTV and term of the mortgage. A 15 year mortgage does not require PMI.