Professional Mortgage Services
Need help with your mortgage process? We've got you covered!
INFORMATION, PROGRAMS AND FACTS
Important Information
Loan Products & Programs
Loan Products & Programs
Acceptable time frame for loans that have had a Bankruptcy or Foreclosure:
FHA Loans:
- Chapter 7 - 2 years from actual discharge date.
- Chapter 13 - 2 years from filing date.
- Foreclosure – 3 years from actual discharge date.
Conforming or Conventional Loans:
- Chapter 7 - 3 years from actual discharge date.
- Chapter 13 - 2 years from actual discharge date.
- Short Sale - 2 years
- Foreclosure - 3 years
Loan Products & Programs
Loan Products & Programs
Loan Products & Programs
FHA, VA and USDA Home Loans
First Time Home Buyer Programs
100% Home Loan Purchases, No Down Payment
Various Refinancing Options Available
Jumbo Loans and Super Jumbo Loans
Condos & Non Warrantable Condos
Rehab Loans/FHA 203k
FHA Streamline Refinance Loans
Buy-down option of rate available!
Myth vs Fact
Loan Products & Programs
Myth vs Fact
- I am only allowed “ONE” FHA, VA or USDA loan in my life time. – FALSE
- FHA, VA and USDA loans are only for First Time Home buyers. - FALSE
- You need a 10 or 20 percent Down Payment to buy a home. – FALSE
We can show you how to finance up to 100% of the value of your home. - You must purchase Mortgage Insurance if your Down Payment is less
- I am only allowed “ONE” FHA, VA or USDA loan in my life time. – FALSE
- FHA, VA and USDA loans are only for First Time Home buyers. - FALSE
- You need a 10 or 20 percent Down Payment to buy a home. – FALSE
We can show you how to finance up to 100% of the value of your home. - You must purchase Mortgage Insurance if your Down Payment is less than 20 percent. – FALSE
- Owning a home costs more than renting. - FALSE
Allow us to show you mortgage programs with monthly payments that are compatible with the current rent you are paying now. - Checking your credit rating lowers it. - FALSE
It is recommend that checking your credit rating at least three times a year to make sure there are neither errors nor anyone using your credit identity. - Shopping around lowers your credit score. - FALSE
Inquiries within 14 days for the same kind of credit-such as a home mortgage count as a single inquiry