Friday, January 13, 2012

Mortgage Broker Bill Rayman Explains His Mortgage Loan Programs


Conventional Home Loans
  • Refinance up to 105% of appraised value with the new Fannie Mae DU Plus Program
  • $417,000 mortgage loan limit
  • Secured by government sponsored entities
  • Purchase or refinance 1 to 4 family units
FHA Home Loans
  • Insured by the Federal Housing Administration
  • Low down payment on a new purchase 3.5 %
  • Refinance up to 95% of your appraised value
  • $100 down HUD home purchase program
  • Streamline with no appraisal if you have an existing FHA loan
VA Home Loans
  • ZERO down payment purchase program
  • Forgiving credit requirements
  • Administered by the Department of Veterans Affairs
USDA Mortgage Loans
  • 100% Financing up to the appraised value
  • NO private mortgage insurance
  • NO limit on seller concessions and gifts
  • Flexible credit qualifications
  • No loan amount limitations
  • Purchase Money Program
Credit Repair
  • Learn the true cost of having a low credit score
  • Expert advice on resolving outstanding credit issues
  • No monthly fee

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