How can I know the best credit range for fha aproval?
Working with a mortgage professional to understand the program options and how the fico score improves your pricing is very important. It does change by program. The higher the score the more options and better pricing. I normally will run a credit simulator on my clients scores to see if there are...

Given our situation can we afford a home and get out of rent?
Hi There! There are many things that come into play here. First, FHA financing does require 3.5% down but they will also allow for down payment assistance programs. Most of these programs have limited funding and have income requirements. Credit score is also important with the program and pricing. I...

in 10 months i year will have passed since i refinanced with an fha loan. i continue to be ill and want to move to florida with son and family, im 70 years old, wait the full year ? try to sell, but i don,t think healthwise i can wait forever what do you reccommend ?
Hi, I am sorry that you feel like you are in a predicament. Anyone over 62 is a potential candidate for a reverse mortgage but since you just refinanced with an FHA loan I doubt you have the loan to value needed to be approved and these are for owner occupied homes. So this is not the right solution for you with...

what type of unit i need
Feel free to contact me live. I do not understand your question but would be happy to help.

We were upside down, we had a mod in 2012., but our interest rate stayed the same 6.125. is there or can we re harp to lower rate?
I have helped many clients refinance after a modification! Everyone has varying circumstances and qualifications. Happy to discuss yours further! Feel free to call me at 858-263-0515 / 949-872-5438 or 888-843-5525 or email laleh (at) americacchoicemortgage.com

I would like to take a 350K loan out against my property which is worth 1.8M & is paid off.
Hi Marc, My name is Laleh. I have been lending for 14 years and 10 of that here in San Diego. my website is www.LalehHanks.com or www.AmericaChoiceMortgage.com. I would be happy to speak with you about this further at 858-263-0515 or email me. Your loan scenario sounds pretty standard. Look forward to speaking...

I am looking to move out of state, and have a FHA loan currently. Is there a time limitation on how long I have to re-invest the proceeds from the sale into a new property?
If you had an FHA loan then this is likely our primary residence. You should check with your CPA or contact me if you need referred to one. The time limitations from my knowledge is on investment property proceeds which can be held in a 1031 exchange. If you have reported this property as a rental on your tax...

Do I have to pay off all my debts & collections before I can get pre-approved for a home loan?
Hi, that really depends on the type and size of the debt. If it has been placed as a lien on title, credit, etc. I can run you a credit simulator so you can see how that debt is affecting credit which will also play a factor in whether or not you should pay that off before application. Laleh(at)...

What is the difference between correspondent lending and warehouse lending?
Hello, Correspondent lending means there is a bank in between the servicer who is funding on their own funds but selling the loan to the larger bank. Warehouse is pretty much the same thing because you fund off your "warehouse" line. Meaning your own funds. So essentially I feel you are speaking about the...

Converting a VA Loan into a conventional Loan?
Hi, I first want to thank you for your service. I really appreciate your sacrifice. VA loans are my favorite. I would love to help you understand all your options. I would need more information to be sure I do not mislead you. www.AmericaChoiceMortgage.com My name is Laleh and I have been lending for 15 years. 11...

Why do a cash-out refi instead of taking out a HELOC?
Hello, each situation is very different. It depends on your LTV and fico. Some Cash Out transactions are much, much better than taking a HELOC. Also depends greatly on your current rate and financial situation. We can talk about the pro's and con's as there are on both sides but it is hyper specific to your...

I want to put my son on my mortgage, can this be done?
Hello, You can put your son on title with you at any time. You can refi and add your son at any time pending the qualification requirements. You can't add your son to a mortgage you already have and I am not so sure why you would want to though? Some loans are assumable but not many. I have been lending for 15...

I am the land owner and the builder also how would a v a loan work for me
Hello, I would be happy to help you. VA doesn't does not do construction loans but we could get you another type of loan and then refi into VA. team@AmericaChoiceMortgage.com or feel free to call us 888.226.8840. My ext is 11 and I have been lending VA loans for 16 years!

Will Harp refinance a Manufactured home in a park
Yes, from my research I see that this is an eligible property type. Please email us at team (at) AmericaChoiceMortgage.com or call 888.226.8840. There are several other qualifying guidelines. I will have questions about the land lease, etc.