Get Mortgage Ready
I Do Mortgages! | Close With Pam
“There wouldn’t be a sky full of stars if we were all meant to wish on the same one.” —Frances Clark
Whether you need an FHA, VA, Conventional, USDA or Home Equity loan, I can help you! As a loan originator in Florida for the last 40 years, I can provide you with experienced help to get the best mortgage possible for your needs! I also specialize in Down Payment Assistance, helping student loan holders to be able to purchase a home, work with specialized credit tools, and can even enlist a HUD counselor to assist with specific challenges.
Give me a call today to discuss your goals and we can make a plan together to help you towards owning a home!
Getting You Mortgage Ready!
When you borrow money to buy your home, you apply for a residential mortgage. For some, this is an easy process. But for others, you may have roadblocks that need to be handled first.
So, what do you do if you've been told "fix your issue and come back" and you have no idea how to "fix it"? I can help.
In an an effort to help buyers overcome roadblocks that prevent home ownership. I've assembled services that can either be done with me, directly by the client, or with the help of a certified HUD counselor. I've also made another webiste called Clients2Homeowners.com that shows loan originators how they can help clients with DIY solutions or refer clients to HUD counselors who assist clients in getting mortgage ready.
There are four specific issues that commonly hinder clients from proceeding with a home purchase:
Help With Credit
Dealing with multiple credit issues is the primary issue that faces pre-purchase clients. Fixing credit issues requires attention to detail, interacting with creditors, and advocating for your rights. You also need someone in your corner that knows the system.
Learn more about advocacy programs and how fixing your credit gets you Mortgage Ready!
Student Loan Repayment Plans
Student loan debt payment has restarted but with a new wrinkle... servicers don't report delinquency until you are 90 days late, causing credit scores to drop 100 to 180 points! This can stop you from getting a mortgage for 9 to 15 months... and this has happened just as interest rates may decrease!
Whether you are facing an affordability issue or the negative fallout of this drastic drop in credit scores, please connect with me now. There are ways we may be able to increase your scores sooner and even solutions for default. Whether your student loan is in collections or default, this can stop you from getting an FHA, VA, USDA and Reverse mortgage.
You are not alone, and there are many options available for managing student loan debt and making Getting Mortgage Ready a possibility!
Home Down Payment Assistance (DPA)
Availability of DPA funds is the 2nd highest client need. More and more prospective homebuyers find themselves competing with cash buyers and home flippers who don’t need seller contribution towards closing costs. Having a variety of DPA funds available helps these clients to be competitive in these instances.
Learn more about Down Payment Assistance programs that can help you get into a home!
Working with a HUD Counselor to Budget For A Home
Determining your budget is a balancing act:
- What do you want?
- What do you need?
- What can you afford?
- What can you sacrifice?
These seem like simple questions, but when you start to evaluate what you want, need, can afford, and sacrifices, the questions become complex.
That's why all HUD HCA’s have
home budgeting help built into the organization education. Learn more about the programs available to you.
