are there any no closing cost mortgages?
Hi Casey, we offer low and no closing cost options. As you stated, the interest rate may be slightly higher, but it is definitely an option. Give me a call at your convenience and I would be happy to give you more information. 303-407-0824 - Nick

FHa 203k minimum down payment?
The minimum down payment for a 203k loan is 3.5%. If you would like more information, please feel free to give me a call at your convenience. 303-407-0824 - Nick, American Liberty Mortgage.

are there income requirements or caps for FHA mortgage?
Hi there. No, there are no income caps for an FHA mortgage. The benefit to an FHA mortgage is that it only requires a minimum down payment of 3.5% and the credit requirements are more relaxed, however the mortgage insurance is higher than with a conventional mortgage. If you would like more information,...

Mortgage lender approved me for a loan and then said made mistake on income.
Unfortunately, a pre-approval from a lender is not a commitment to lend. Lenders do make mistakes sometimes however, but it should be remedied as soon as possible. A lot of times a pre-approval is based on the information given to the lender from the borrower, without the lender verifying this...

is there an inspection for fannie loans like with fha?
Hi. The inspection for conventional mortgages are typically at the discretion of the buyer. The appraisal is what the lender will look at to determine the functionality of the property. Hope this helps. Nick - American Liberty Mortgage - 303.458.3778

lowest down payments possible?
Hi there. For the least amount of money down, FHA would be your best bet, as it only requires a minimum down payment of 3.5%. There are first time home buyers / down payment assistance programs than can assist you with the 3.5%. A lot of the programs only require a minimum investment of $1000 from the buyer. If...

can Mortgage cosigner contribute to down payment?
That is a great question. The down payment can absolutely be paid in part by the co-borrower The down payment can come from your funds, the co-borrower's funds, a gift from a family member, or it can come from an acceptable down payment assistance program. I would love to discuss this further with. Please...

do I need to buy my own credit report to get prequalified?
No, you don't need to buy your own credit report to get pre-qualified. Pulling a credit report is done by the lender and is standard for any pre-qualification. I would be happy to discuss your options with your. I never charge my clients for their credit reports or appraisals. Feel free to give me a call...

refinance my 80/20 loan in Colorado??
Refinancing would allow you to take advantage of the low rates and well as eliminate your second mortgage all together. If you have the equity, an 80% loan to value first mortgage would be the best way to go. I would be happy to answer any other questions that you might have. Please feel free to call at your...

Have a mortgage loan that was not reaffirmed 11 years ago on a chapter 7.Is there lenders that would accept va refinancing?
I have worked with several borrowers in the same situation. I'm in Colorado and as long as you have been making the payments on time, most lenders will just need proof of that there haven't been any 30 day lates in the past 12 months. Is your current lender reporting your payments to the credit bureaus? ...

Underwriter wants rent receipts but i just pay the utilities what can i do to satisfy that requirement?
It sounds like the underwriter wants to verify rental history and on-time payments. If you don't pay rent, then let the underwriter or lender know to see what your options are. Payment shock may be a factor, depending on your loan program. Hope this helps. Nick Bebout - American Liberty Mortgage -...

WOuld getting a pre-approval letter actually help me better negotiate on the offer we are putting on a house?
Absolutely! Having loan pre-approval ensures to the seller and real estate agent that your financing is in order. Working with a lender before finding a house will also allow you to get specific quotes and you will also know how much you are able to negotiate. Most realtors will want their clients to be...

How hard is it to get a loan with a so-so credit score but 30% down? Credit is 605 on Experiean
With a 605 credit score, you could qualify with FHA financing and a minimum of 3.5% down. Typically with a credit score of 605, your debt to income ratio would need to be 43% or less. Hope that helps. Feel free to call if you have any other questions. Nick Bebout - American Liberty Mortgage - 303-407-0824.

Jumbo loan needed
Hello. I would be more than happy to assist you with financing. With the information you have given, you should have no problem obtaining financing. If you have about 15 minutes, I can pre-qualify you to purchase in the 3-6 months. Or, you can complete an online application via my website - www...

I had a bankruptcy and foreclosure 3 years ago. Looking for a new loan at 25% down
You can absolutely qualify for a new purchase loan with 25%. FHA guidelines requires a waiting period of 24 months from the discharge date of your bankruptcy. The waiting period for conventional financing is 48 months, or 24 months with extenuating circumstances. For more information, give me a call...

How will an IRS repayment plan be factored into my loan? Will it prevent me from getting a mortgage loan?
Typically, the monthly payment will be added to your monthly obligations/debt. As long as your debt to income ratio is still within guidelines, you should have no problem getting financed while on a repayment plan with the IRS. I'd be happy to discuss this further with you. You can reach me at...

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.
There are down payment assistance programs that will allow you to borrower or be granted the down payment. I have worked with many clients who have purchased their home using CHFA (Colorado Housing & Finance Authority) assistance. This down payment is a grant and is not required to be repaid. For more...

Looking to use the equity in my home to purchase a second property. What is the best way to go about doing this?
Hi Frank! The best way to purchase a second property using the equity in your primary residence would be to either refinance your current first mortgage and take cash out, up to 80% of your properties value, or you could take out a second mortgage and use the cash to put a down payment on a second property. ...

If I recently got a promotion at work, will that new income amount be used to qualify, or do I have to have 2 years at that new income?
The answer is most likely yes, you would qualify using your new income. However, you must have been in the same of line of work for the past 2 years. There are several factors, but you will most likely be able to use that income. I would be happy to discuss it with you. Nick Bebout - American Liberty Mortgage -...

Who pays for the appraisal on a refinance?
The appraisal is the responsibility of the borrower. Unless you have a lender that will cover that cost for you, it is always up to the borrower to pay for it. I typically will cover that cost so my client doesn't have to worry about it. Nick Bebout - American Liberty Mortgage - 303-458-3778.