Tony Marra's Blog

VA loans are often made without any downpayment at all. Aside from the veteran's certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of mortgage Bay to Bay Lending is approved for automatic processing and ...

From the lending side things have been tumultuous to say the least. We have seen rates catapult at rocket speed in the past 4 months upward - all the result speculation as to when the Federal Reserve would pull back on it's bond and mortgage backed securities purchasing program termed Quantitativ...

If you are like some of my prefered agents, you have a stack of pre-qualification letters for clients that you simply cannot find a home for.  If your market is like the Central Florida Market, move in ready homes in the sweet spot middle class price range often wind up in bidding wars, on the ma...

100% VA LOANS FLORIDA (edit/delete) VA loans are often made without any downpayment at all. Aside from the veteran's certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of mortgage Bay to Bay Lending is a...

Below are some highlights of FHA Financing - both Purchase and Refinancing- available through Bay to Bay Lending *580 to 639 Mid Score Capped at 31/43% debt to income ratios*640+ Mid Score on FHA with 41/57% debt to income ratios *Seller can pay up to 6% of the purchase price in Closing Costs*Clo...

In early May, several of my preferred agents had deals fall out of their pipelines because their clients were not locked - and rates rocketed.  The sudden spike in rates took many borrower's by surprise and tore right through lender debt ratio cielings. As I wrote yesterday, as we inch closer to ...

What can you say other than simply shake your head.  Here we are, not only dealing with a government impasse that has the lights shut off, but now Washington wants to flirt with how we pay for it all. Just to ensure everyone is clear - the budget crisis and the debt ceiling are not related.  The ...

VA Home Loans  Down to a 580 credit score.   VA LOAN BENEFITS Lower Payments  - Competitive rates and no private mortgage insurance requirement mean low monthly payments Zero Down  - VA home loans don't require any money down at closing - a benefit that almost no other loan can offer. Easier to Q...

Below is some information on how the government shutdown is impacting what we do.  Most importantly is the fact that on all conventional, VA, FHA, and USDA – guidelines require lenders to pull IRS tax transcripts to ensure what an applicant is reporting for income matches that of what they report...

  Below are some highlights of FHA Financing - both Purchase and Refinancing- available through Bay to Bay Lending *580 to 639 Mid Score Capped at 31/43% debt to income ratios*640+ Mid Score on FHA with 41/57% debt to income ratios *Seller can pay up to 6% of the purchase price in Closing Costs*C...