mortgage updates
Non owner occupied to become more difficult. Maximum conventional loan amounts are currently at 85% ltv. That is for a 1 unit rental property. Likelyhood is ...
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Mortgage and Lending |
RAINER 16,640 |
| Timothy Sweeney | ||
| PA Mortgage Originator | ||
| location_on Havertown, PA — Bank of America | ||
| 140183 | ||
| web Tim Sweeney's (redmen910) Blog | ||
Get to Know Timothy Sweeney
Ispecialize in purchase mortgage money. My company offers FHA, Conventiaonal, Jumbo, and VA mortgage products. In addition we offer loan programs through the PFHA that offer extremely low rates with small downpayments. My job is to provide you, the customer, with both service and honesty. This is a very conservative lending enviroment and I want to be up front with you as possible so we can best negotiate through the loan transaction. I am with you through the application process, loan processing, underwriting, and finally Settlement.
NMLS: 140183
New Fannie Credit bumps
Starting this week Fannie Mae will begin passing on new credit score based rate hits through lending institutions. For example, if you have a credit score betw ...
end of ALT-A
Fannie Mae has announced they will no longer purchase ALT-A paper from lenders beginning January 1st, 2009. No surprise there as the few companies that still l ...
FHA or Conventional
There are really only 2 types of lending still available today, assuming nobosy wats hard money loans. There is the conventioanl mortgage and the FHA mortgage. ...
Certifications
My area of expertise is residential mortgage lending in eastern PA. As a resident of Montgomery county, PA I have a good working knowledge of the tri-county area. While most loans have traditionally been conventional, FHA has really picked up the slack and is a great solution for those individuals without 20% downpayment. We also offer some niche programs like "No Monthly PMI" conventional financing up to 97% of the sales price! There are many options available for both seasoned and First Time Home Buyers. Let me help you select the best option for your individual situation.
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Full Service Mortgage Banker, Specializing in purchase business. Ask about our no monthly PMI conventional mortgages! Full PHFA offering including 98.5% Financing options as well as NO PMI Loans.