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Questions & Answers

 

1. Question:  What does my credit score need to be to qualify for an FHA loan?

Answer:  This depends on the end lender, but 620 is normally the accepted score.

 

2. Question:  What does my credit score need to be to qualify for an VA loan?  

Answer:  This depends on the end lender, but 620 is normally the accepted score.

 

3. Question:  Are adjustable rate mortgages still available? 

Answer:  Yes, but the qualifications are much higher.

 

4. Question:  What are the normal terms of a mortgage?  

Answer:  15 and 30 years at a fixed interest rate.

5. Question:  How much is my loan payment going to be?  

Answer:  It will be approximately $600/month per $100,000 borrowed.
Example:  A $200,000 loan would be approximately $1,200/month for principal and interest on a 30 year fixed mortgage.

 

6. Question:  How long does it take to improve my credit? 

Answer:  Normally 30-90 days depending on your specific situaltion.

 

7. Question:  What if I have a bankruptcy? 

Answer:  Must be discharged for 2 years.
 
 
TESTIMONIALS
 
I found a foreclosed condo valued for taxes at $188,000.  It had sold several years ago for over $200,000. I had to act fast during the bidding and got the condo for $56,100.  I was not the highest bidder, but because I had approved financing and the others did not, that made the difference!  Today, even with condo fees, I save over $357.00 a month from when I was renting and now I own my place, not some landlord. Thanks alot!!
 
John H. (FL)
 
 
My landlord offered to sell me the home that I was renting for $187,000.  I had the down payment and I made enough money to qualify but due to a past divorce my credit score was 587, a little shy of the needed 620.
Within 60 days they had my credit score over 620 and we started processing the loan.  I now own the home that I was renting, and saving a ton of money each month. Home Point Financial came to my rescue!
 
Sally G. (GA)
 
 
My credit score was 487 and after working with Home Pointe's professional staff it increase almost 200 points.  I was able to negotiate lower rates on all my current credit cards.  Also, my husband was looking for a new car and was able to contract a lease on a new BMW for 3.9%.  The magic of it all was that this happened in less than 90 days. 
 
Stacie P. (CA)
 
   
 
 
   
 
 
 
 
  Enter ForSaleByOwner.com
 
 
   
  

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If we do not improve your credit score, within 6 months, we will give a full 100% refund.

 

 

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