having to relocate to keep my job but what about my mortgage??
The short answer is that it depends. I would suggest getting a loan officer and a real estate agent to help you work through your alternatives given your unique situation. The key issues are going to be the amount of current equity in your home and/or your finanial ability to manage the situation in other...

Can I have a 600-700 dollar house payment
Katie, with great interest rates we are offering and some good deals on the market, you would be able to get quite a bit of home for $600-$700 per month. We have a loan program that allows for no money down which will work in Lakin. Depending on tax and insurance cost for the specific home you pick out, a house...

How difficult is it to get approved to buy a home after having to file bankruptcy?
Holidaye,As others have pointed out, the short answer is the minimum wait time after a bankruptcy is two years and there are other factors to consider. As a local loan officer, I would be glad to sit down with you and your husband to take a look at your unique situation to determine a path forward. We will...

LPMI
As Charles pointed out, yes loan should be noted as Conv Insured. Not sure I understand the last part of your question/comment on payments being removed from your escrow in February given that you paid a single premium PMI upfront. I would be glad to discuss it further with you - give me a call at...

First Time Homebuyer Questions Topeka Ks
As said above, you may be in a situation where you could buy a home using just your husbands income and great credit score. This would most likely get you the best overall payment. FHA is a possibility if you need both of your incomes to qualify, but we would need to know more about your unique situation to...

Refinancing current home with a blanket for two
The short answer is, It Depends. The key issue will be whether the value of your mother's residence will support the amount of loan you need to buy the house across the street and payoff your mother's loan. The best way to determine that is to have a loan officer look at your unique circumstance...

Loan options with no mortgage insurance
As noted by Paul above, VA is one alternative if you qualify. Another is USDA - Rural Development, which has some income limitations and would be for propperties outside of the metropolitan areas. There are also a couple of different alternatives to consider if you are refinancing your current home;...

Is it possible to qualify for a mortgage to finish my home? I have no mortgage and poor credit....613 maybe?
Yes, there are a couple of ways to go about it - we would need to consider the "rest of the story" to find the best approach. We have some programs that will allow you to move forward, even with a 613 score. Give me a call (316-259-5862) or shoot me an email (mpurkey@primeres.com) on when and how to best contact...

Does my student loan count against DTI if it is in deferment?
Amber,The short answer is, much like other things in the mortgage business, it depends. One of the key questions is the length of the deferment. It also depend on what kind of loan you are looking to get. For an FHA or USDA loan, if the loan is in deferment greater than a year, it would not count against your...

Want to leave my job but also buy a place - thoughts?
J, Typically, switching jobs will not hurt you, especially if it is in a similar field of work. However, you will need to have at least one month of paystubs from the new job before you close on a home loan. I would be glad to discuss it with you further. Please shoot me an email (mpurkey@primeres.com) or give...

Do I qualify for a USDA loan and is there a directory for approved homes in Kansas?
Jay, there is a website that can be used to determine is a home is located within USDA's eligibility area. Here is the link: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do;jsessionid=2A7BD93198D04845D2EFF7C632159B50As for whether you qualify, it will depend on the number...

Are VA loan rates different than regular? If so, are they lower or higher?
Steve, as a general rule, VA loans have some of the best rates offered. Additionally, they do not require monthly mortgage insurance. So, they are a very attractive alternative for our beloved veterans to consider. I would love to help you work through the process. Please give me a call (316-259-5862),...

Do any programs offer loans for remodels?
Marcus, the short answer is yes. The are a few programs that provide funds for a remodel. We would need to consider your entire situation to determine which would be the best solution for you. I would be glad to discuss with you. Feel free to give me a call at 316-259-5862, shoot me an email at...

what is the minimum credit score required after bankruptcy for new mortgage
As the others have replied, the key is "the rest of the story." However, we can do loans for folks with credit scores below 620 as well. We have a product that truly looks at "the rest of the story" as part of the approval process. Let me know if you would like to discuss further or you can go to www.prmiwichita...

recent college grads qualify for fha?
The short answer is yes. But, it's also going to be necessary to show a job in a similar field as the education. I would be glad to talk specifics - give me a call at 316-259-5862 or shoot me and email mpurkey@primeres.com.

Can a loan be considered a HARP if the LTV is less than 80%? Does it have to be upside down?
Yes, you can do a HARP loan for an LTV of less than 80%. Most folks do not think of using a HARP loan for this situation, but they have some key benefits that could work in that situation. The key is that every persons situation is a little different, so you need to make sure you have a loan officer that explores...

whats the best i could do with a 590
We have a program that would allow us to do a home loan for you. We are nationwide lender with an office in Wichita that is not far from you. We have a couple of ways to get the process started: 1) give me a call at 316-259-5862 or 2) go to www.prmiwichita.com/mpurkeyand click on Apply Now.

if I buy a $225000 home with $45k down, how much PMI would i probly pay?
Allan, With a conventional loan, with 20% down (which is what the $45K equates to), you would not need to have private mortgage insurance. Please call me or email me if you have other questions that I could help you with. mpurkey@primeres.com or 316-259-5862. You can also visit my webpage at www...

Will student loans help me get a mortgage or not - had two conflicting answers please help!
As others have said, your DTI should not be a problem at all. The key is to find a lender that will work to understand your entire financial situation and found the best possible loan to match up with that. I would be glad to review your scenario and give you some feedback and direction on path forward. Feel...

Hello, I was curious to know how long does FHA require you to be on your job
Tom, we can do an FHA loan after only one month on the current job. We will need two years of job history (at previous job) and/or education. Please give me a call (316-259-5862), shoot me an email (mpurkey@primeres.com) if you have additional questions. Or you could go to my website (www.mykansasmortgage...