Waiting period after BK discharge?
Hello! You have been provided with the accurate information below and while the black and white answer is 2 years from the discharge date, lenders can have different overlays and options to help you with. I am in northern CO as well and would be more than happy to provide you with a free credit analysis to...

Is there any way to get FHA approval for a single condo in a project?
HelloFHA will no longer do spot approvals, however, in most cases you can still get financing through Fannie Mae/Freddie MacPlease email for further detailskclancy@firstcal.netThanks!Kim

Should I get a piggyback loan to avoid PMI or will paying PMI with lower rates be cheaper?
That's a great question and one that doesn't have a black and white answerIn short, you can no longer get 100% financing through an 80/20 style loan (1st w/a piggy back 2nd) and with the new guidelines, you actually will need to put down MORE MONEY doing a combo loan that just a straight 1st...

I Want to buy a house, but have bad credit
Good morningI am a CO lender and would be more than happy to help youWith a 580 FICO score, you will not be able to buy a home now, however, we can work together to improve your scores and do it as quickly as possible in order to reach the required 620 score (640 is optimal but we have a program at 620)Please...

How do USDA mortgage rates compare to FHA mortgage rates?
Hello!USDA rates and FHA are comparable right now, you should have the same rate with each productWhat areas are you looking in regarding USDA? We are getting ready to lose several areas with USDA financingPlease email me if you'd like a list of the available finacing for...

Can I sell my house to a family member for below market value, or is it better to sell at market value and gift the down payment?
HelloShe more than likely will not get financing with a 590 credit score so you could be in trouble either way.Perhaps the best option would be to finance her yourself while she repairs her credit, is this an option?If you'd like more information on this please email...

Want to buy a house for $600,000 in California, dual income $80k / year. What are my options?
HelloThere are several options for you but we should talk directly about those as it's not a black and white answerPlease email me when you're available today or give me a call!ThanksKimkclancy@pinnacle-mortgage.com949-933-9058

lenders rates are not matching low rates i see online?
Hello!Yes, the rates that you see advertized are for credit scores above 740 and typically a good chunk of equity. With that being said, the 4.2% does seem high for FHAAlso, I wouldn't put you in an FHA loan due to the mortgage insurance, so perhaps that was the only option the other lender had to give to...

realtor is getting in the way of me getting into my new house (I think)
HiI'm a local CO lender and this sounds quite strange? If you have completed your loan application than your lender should be able to issue a pre approval letter. If the lender cannot issue it, than he/she should be in contact with you requesting whatever additional information is needed. If you'd like...