Mortgage Loan

Very first Time Home Consumer House loan Plans 2019! Greatest Home Financial loans for Very first Time Consumers





Very first Time Home Consumer House loan Plans 2019! Greatest Home Financial loans for Very first Time Consumers

In this online video, genuine estate agent and Real estate agent Matt Leighton talks with Sean Glennon, Sr. Vice President & Partner of Home Cost savings & Have confidence in House loan about the forms of funding available for first-time dwelling buyers.

Fannie Mae – HomeReady Software:

Freddie Mac – Home Achievable House loan:

Sean Glennon breaks down first time dwelling purchaser programs into a few different categories:

one:05 – The ‘cash-strapped’ first-time dwelling purchaser. This is for buyers looking for up to one hundred% funding. In Virginia, we have the VHDA method. In your condition, there will almost certainly be some % down (one hundred% funding) selections available. Converse to your area lender or genuine estate agent to learn far more about these programs.

two:fifty five – Consumer has some income, but may have credit problems, debt-to-earnings problems or some problems along individuals lines. The method that you might be looking for here is most probably an FHA method. The downpayment sum for FHA is 3.5%. A co-signer is a chance.

5:18 – Very first-time dwelling purchaser has some income, has a first rate/superior/wonderful credit score and won’t need a co-signer. The HomeReady method by Fannie Mae is a superior choice if you drop into this class. It is a 3% down, regular method. You really don’t automatically have to be a first-time purchaser but you can still choose advantage of the method. It is a superior different to FHA and may be a far better offer than the FHA choice.

Do you have a problem about home loans for Sean? You can attain out to him right:
Sean Glennon
sglennon@hstmortgage.com
Home Cost savings & Have confidence in House loan

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Matt Leighton – Arlington VA Real Estate Agent
Licensed in VA and D.C.
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201

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8 comments

  1. Hello. I just started my home buying process. I ended up going with remax and go prime mortgage loans. I've been told that once you start your home buying process you have up to 120 days from the first time they run your credit to go ahead and try different mortgage loan lenders without further affecting your credit score. Would this be correct? Sure hope it is so that I am not limited to remax and go prime mortgages in case I am not satisfied with their services.

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  2. Southern California here. One of the most expensive places to live 😩

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  3. Great vid, Matt. This channel is about to blow up.

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  4. What a great video! Thank you for sharing your knowledge 🙂

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  5. …thanks for the video…it's info. like this that tells me we are closer to the next mortgage melt down. 100% financing…going to make 2008 look like a walk in the park….just saying.

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  6. Nice program

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  7. Informative video…welcome back, Matt.

    Reply
  8. Thanks for the videos👍

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