I will find the financing for you!

Although the mortgage financing market has become tighter, there is still financing available for a home purchase! USDA and VA mortgages are available with NO DOWNPAYMENT! FHA mortgages with 3.5% down, and now HomePath Mortgages for FNMA REOs with 3% down! Here are a few programs…  

• Home Path Mortgage for FNMA REO's!

  • Up to 97% financing for owner occupied purchasers!

  • Up to 90% financing for investor purchasers!

  • NO Mortgage Insurance!

  • No appraisals needed!

  • Rehab loan for FNMA REOs to be avail. shortly!

• USDA 100% financing

  • No monthly mortgage insurance

  • Need 620 min score

  • Max income guidelines

  • Low 30 yr fixed rate with no prepayment, no balloon

  • Financed up to 100% of appraised value, not sales price!

  • Seller can pay up to 6% of sales price in closing costs

  • Loan restricted to USDA geographical maps.... call me for details!

• FHA 30 yr fixed mortgages:

• FHA loan limits in Pasco/Hillsborough/Pinellas/Hernando: $292,500

  • More flexible underwriting for income

  • no min. 620 credit score required

  • allows non-traditional credit

  • allows gift for down payment

  • allows co-signors

  • seller can pay up to 6% of sales price in closing costs

• FHA Reverse Mortgage Limits increased to $417,000 in November 2008!

  • Available to homeowners 62 yrs of age or older

  • NO payment on monies borrowed.

  • Can pay off existing mortgage and get additional monies

  • Both fixed and HELOC for disbursement based off of needs

  • Reverse Mortgage now available for purchases!

• FHA Streamline ”K”

• Allows up to $35,000 of non-structural improvements to a home!

  • Eligible Improvements include:

  • Roofs, gutters, downspouts

  • HVAC Systems

  • Plumbing and electrical systems

  • Flooring

  • Non-structural remodeling of kitchens and baths

  • Decks, patios and porches

  • Siding or stucco

  • Interior and exterior painting

  • New doors, windows and insulation

  • Weatherization

  • New Appliances

  • Accessibility improvements for persons with disabilities

  • Septic system and/or well repair or replacement

• FHA 203-K

  • Allows structural improvements to a home! First $5000 must be required/needed. Additional can be improvements desired. No limit on improvements, but must be able to appraise with after improved appraisal!

• Pasco County SHIPP downpayment and rehab funds of $19.5+ million to be available in Pasco county 3/09!

  • Owner occupied purchases only

  • Must qualify based upon income and family size

  • Provides down payment monies in the form of a second mortgage along with approved 1^st mortgages, such as FHA and Conventional mortgages.

  • REHABs homes ahead of time, allowing borrowers to use any type of financing on homes!

• 100% financing on VA loans for owner occupied purchases to qualified veterans!

  • Jumbo VA mortgages

And Help with Down Payment Assistance!

• Down payment assistance for Pinellas, Hillsborough, Hernando and other counties in Florida for owner occupied purchases!

  • can alert to what down payment assistance is for all Florida counties!

• Will help 1st time homebuyers receive $7500 or $8000 Tax Incentive (money refunded for home purchase!)

• What I Check Upfront:

  • Credit, scores, type of programs eligible for

  • Home you are considering is owned by seller at least 90 days to avoid “flip” criteria. If owned less than 90 days by seller, will work with realtor to insure your financing!

  • Check on condition of home… if you need rehab financing or regular financing

  • Check your funds and calculate if seller will need to pay any closing costs

  • If down payment assistance needed, make sure you are eligible per county guidelines in addition to first mortgage guidelines

  • Run your file through automated engines for various programs available, cutting down paperwork, manual underwriting needed (this is credit score and risk based driven!)

Why Can I Do It Better?

• 24 years experienced mortgage loan officer

  • specializing in FHA, VA, Conv, USDA, Rehab residential mortgages in both resale and new construction

• Emphasis on “niche” programs

  • or those with a unique difference that every other lender can’t handle

• Up-front, full blown loan approvals through ALL automated engines

  • (As new engines come on board, I get approved with them!)

• Understand unique differences between automated engines

  • and which engine to use for a real approval!

• Prefer to get all work done up-front

  • for loan approval (I expect every loan to close!)

• Work with skilled processor who is also FHA, VA, Conv underwriter

  • keenly aware of underwriting guidelines and automated systems! YES, I also do manual underwrites and check out details prior to submission!

• Personally experienced in processing, submission and closing

  • of loans if processor not available

• Know how to read, dissect and figure income off of personal and corporate tax returns

  • (This is done at pre-qualification!)

• Understand how to sell in a CDD community!

  • (It’s the amenities…!)

• Developed www.TraditionalNeighborhoods.net, a website committed to showing differences of TND communities

  • such as Longleaf, West Park Village in Westchase, Highland Park and Winthrop! (I live in Longleaf…realtors and buyers need information on differences between conventional and TND communities!)

• Realize that in today’s real estate market, we ALL must dig deeper, give more than ever before and service quicker than ever before!

  • This is a requirement!

Contact:  Pam Marron, 24 Yrs. Sr. Loan Officer

 Homexpress Lending, Inc.

email: pmarron@tampabay.rr.com

 727-375-8986 office       727-534-3445 cell

750 94^th Ave. N., Ste. 112; St. Petersburg, Fl. 33702

Licensed Correspondent Lender