Joe Schmitz's (joeschmitz) Blog

I close loans fast. Conventional product can be close in as little as two weeks. Sometimes even less. I have a VA loan which is almost ready to fund that I did in just a week. My expertise and hard work ethic moves the mortgage process at mortgage light speed. I have an incredible appraiser who i...

No doc loans are a great program for the borrower that just doesn't have the ability to come up with the required paper work for a conventional or stated loan. With only 5% down payment required this can help people who are either retired or between jobs get into the home that they want. Only a c...

 Here's a little bit of info to educate everyone on what MCC is and what are the upsides and down sides. We are one of the few lenders on the island that offers this program. This program can also be combined with a VA loan merging the benefits of both programs. Enjoy!  The Mortgage Credit Certif...

We offer all types of construction loans. Great when purchasing a property that needs some serious work, and wouldn't qualify for a normal mortgage. Construction loans are usually adjustable rate until the completion of the construction, then you can just roll right over into one of the fixed opt...

Recently Fannie Mae's My Community programs have been enhanced to allow interest only for the first 5 years on a 35 year amortized. Also they no longer require the borrow to go to classes. This program allows for significantly cheaper MI, which makes for a lower monthly payment. This program is d...

Recently Fannie Mae's My Community programs have been enhanced to allow interest only for the first 5 years on a 35 year amortized. Also they no longer require the borrow to go to classes. This program allows for significantly cheaper MI, which makes for a lower monthly payment.

Lately I've seen a lot of the buyers getting into the market today have had some credit trouble in the past, however, have steady jobs and income. What' the first thing I ask them "are you eligible for a VA loan?" When they say 'yes' my worries are cut in half. VA is a wonderful program because i...

Right now I have a program available that allows 100% financing on investment properties. Yes that's correct 100% financing on investment properties. Even more amazingly the program allows for a 3% credit for closing costs. So that's an investment bought with zero money out of pocket! This progra...