FHA LOANS
Debt Ratio 29/50
The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 50% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Loan Limits
Baldwin County $285,000
Mobile County $271,050
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Thursday, July 7, 2011
Wednesday, June 29, 2011
USDA LOANS
Debt Ratio 29/41 - The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 41% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Income Caps - 1-4 persons—$74,250 - 5-8 persons—$97,750
Property Eligibility - http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to: Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Debt Ratio 29/41 - The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 41% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Income Caps - 1-4 persons—$74,250 - 5-8 persons—$97,750
Property Eligibility - http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to: Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Thursday, June 23, 2011
BACK TO BASICS
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
BACK TO BASICS
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
Friday, June 17, 2011
Project Purr
I adopted a little kitten named jack (now Kiki) from Project Purr. The adoption process was a great experiance and Jack/Kiki has been an awesome additon to our family - Project Purr is doing a great job saving the lives of countless furry friends - I hightly recommend if you're looking for a little bundle of fur to add to your family that you contact Project Purr! - Josh (Mobile, AL)
Wednesday, June 8, 2011
Realtors,
I often get calls asking if a property is Eligible for USDA financing.
Here’s the site I use to check property eligibility:
http://ping.fm/YD7co
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to:
Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
I often get calls asking if a property is Eligible for USDA financing.
Here’s the site I use to check property eligibility:
http://ping.fm/YD7co
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to:
Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Friday, June 3, 2011
Realtors,
Are tired of Loan Officers NOT returning your calls?
Not only will I return your calls I will send the Borrowers email updates every business day until the deal closes. Why is this helpful to you? The Buyer’s Agent and the Seller’s Agent are copied on all correspondence. Everyone involved is always IN THE LOOP!
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Are tired of Loan Officers NOT returning your calls?
Not only will I return your calls I will send the Borrowers email updates every business day until the deal closes. Why is this helpful to you? The Buyer’s Agent and the Seller’s Agent are copied on all correspondence. Everyone involved is always IN THE LOOP!
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Wednesday, May 25, 2011
Realtors,
Do you know how to calculate FHA Monthly MIP?
If you have a client looking to purchase a home using an FHA 30 fixed loan with 3.5% down your FHA Monthly MIP factor is 1.15%.
Here is how you calculate your FHA Monthly MIP. - Purchase price $100,000 - 3.5% down-payment - 96.5% Loan amount – $100,000 * .965 = $96,500 - $96,5* MI Factor of .0115 = $1,109.95 / 12 months = Monthly MIP of 92.48.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done,
Then I’M THE ONE
When you think mortgage,
think Josh,
Mortgage Josh,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Do you know how to calculate FHA Monthly MIP?
If you have a client looking to purchase a home using an FHA 30 fixed loan with 3.5% down your FHA Monthly MIP factor is 1.15%.
Here is how you calculate your FHA Monthly MIP. - Purchase price $100,000 - 3.5% down-payment - 96.5% Loan amount – $100,000 * .965 = $96,500 - $96,5* MI Factor of .0115 = $1,109.95 / 12 months = Monthly MIP of 92.48.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done,
Then I’M THE ONE
When you think mortgage,
think Josh,
Mortgage Josh,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Wednesday, May 18, 2011
Realtors,
Did you know the FHA $100 down-payment program for HUD Homes can be used on ANY HUD HOME? You need to be sure when you make your offer that you choose FHA 203b and a down-payment amount of $100 –
Did you know the FHA $100 down-payment program for HUD homes can be used for an FHA 203k loan for homes needing repairs on ANY HUD HOME?
You need to be sure when you make your offer that you choose FHA 203k and a down-payment amount of $100 – The purchase prices + repairs cannot exceed the HUD appraised value to qualify for the program.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done,
Then I’M THE ONE
When you think mortgage,
think Josh,
Mortgage Josh,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Did you know the FHA $100 down-payment program for HUD Homes can be used on ANY HUD HOME? You need to be sure when you make your offer that you choose FHA 203b and a down-payment amount of $100 –
Did you know the FHA $100 down-payment program for HUD homes can be used for an FHA 203k loan for homes needing repairs on ANY HUD HOME?
You need to be sure when you make your offer that you choose FHA 203k and a down-payment amount of $100 – The purchase prices + repairs cannot exceed the HUD appraised value to qualify for the program.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done,
Then I’M THE ONE
When you think mortgage,
think Josh,
Mortgage Josh,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Wednesday, May 11, 2011
Realtors,
Get your seller’s prequalified today.
This will ensure your sellers they are “good to go” when they sell their current home
This will also ensure you your sellers are “good to go” when they sell their current home
I have receive calls from Realtors on several occasions asking if there was anything I could do because their sellers have sold their home and are having problems with their new mortgage. Pre-qualifying your sellers now could save you a huge head ach later.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Get your seller’s prequalified today.
This will ensure your sellers they are “good to go” when they sell their current home
This will also ensure you your sellers are “good to go” when they sell their current home
I have receive calls from Realtors on several occasions asking if there was anything I could do because their sellers have sold their home and are having problems with their new mortgage. Pre-qualifying your sellers now could save you a huge head ach later.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Monday, May 2, 2011
Realtors,
Save your client’s $100’s in Closings Costs!
We are proud to announce: NO Processing Fee – NO Underwriting Fee – NO Tax Service Fee – NO Express Mail Fee – No Doc Prep Fee!
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Save your client’s $100’s in Closings Costs!
We are proud to announce: NO Processing Fee – NO Underwriting Fee – NO Tax Service Fee – NO Express Mail Fee – No Doc Prep Fee!
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Wednesday, April 27, 2011
Realtors let’s show apartment dwellers how they can use a USDA loan to—get 100% financing—keep their monthly housing expense the same—and own their own home!
HOW EASY FOR US—HOW GREAT FOR THEM!
If this sounds like something you’d like to do, give me a call or shoot me an email.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
HOW EASY FOR US—HOW GREAT FOR THEM!
If this sounds like something you’d like to do, give me a call or shoot me an email.
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Thursday, April 21, 2011
Realtors If you’re currently farming an area and want to take it up a notch
If you have an area you’d like to farm
If you’d like to farm but haven’t chosen a neighborhood
If you’re asking yourself, “why does Josh want to take me farming?”
Give me a call or shoot me an email and let’s strategize on how we are going to establish ourselves as The Neighborhood Experts!
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
If you have an area you’d like to farm
If you’d like to farm but haven’t chosen a neighborhood
If you’re asking yourself, “why does Josh want to take me farming?”
Give me a call or shoot me an email and let’s strategize on how we are going to establish ourselves as The Neighborhood Experts!
I truly believe that by helping your build your business,
I build my business
TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Friday, March 25, 2011
The Loan Process - Part 4 - Closing
The fourth part of the Loan Process is closing. Once you have been prequalified, processed, and underwritten you are ready for closing.
The Closing Department prepares your Loan Documents and Closing Instructions. These items are sent to the Title Company. The Title Company uses the instructions to prepare the HUD 1 Settlement Statement. Once the HUD 1 is complete the Title Company sends the HUD 1 to the Closing Department for Approval. Once the HUD 1 is approved your closing is scheduled.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Friday, March 18, 2011
Loan Process - Part 3 - Underwriting
The third part of the loan process is underwriting. Once your file has been processed your file is forwarded to underwriting.
During underwriting the information I submitted as well as the results of the reports ordered by processing are reviewed by the underwriter.
Additional documentation may be requested at this time.
Once Underwriting is complete your file and issued a clear to close your file is forwarded to the closing department.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Monday, March 14, 2011
Loan Process - Part 3 - Underwriting
The second part of the loan process is processing. Once you have an accepted purchase contract we can complete your mortgage application. Once your application is complete (property address and purchase price) your file is forwarded to processing.
During processing: a flood certification is ordered, the FHA Amendatory Clause is distributed for signatures, Income is recalculated to check for accuracy, your Social Security Number is verified with the Social Security Administration, tax returns are verified with the IRS, your employment is verified with your employer, your checking and savings accounts are verified with your bank, a request is made of the title company, (Chain of title, Preliminary HUD, Closing Protection Letter and Wiring Instructions), a Declaration of Insurance coverage is made of your Insurance Agent, and an appraisal is ordered.
If you are obtaining an FHA loan a Case Number, LDP, EPLS, MIP Calculator, Case Query, and Caivers are also requested.
Additional documentation may be requested at this time.
Once processing is complete your file is forwarded to underwriting.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Friday, March 4, 2011
Getting Prequalified
The first part of the loan process is the prequalification. During the first conversation basic information is collected: Name, Address, Social Security Number, Date of Birth, Time on Job, Monthly Income, Checking and Savings Account Balances and Current Rent/Mortgage Payment. Credit is then pulled and your Debt to Income Ratio (DTI) is calculated to see how much house you can qualify for. Once the proceeding is complete the loan program best suited for your situation is determined.
Documentation is then collected to verify the above information: Driver’s License, Social Security Card, 30 Day Paystubs, 2 year W2s, 2 year Federal Tax Returns and 60 days of Banking Statements, then, a Mortgage Prequalification Letter is Issued.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 call – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron nmls: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Wednesday, March 2, 2011
Loan Process - Part I - Prequalification
The first part of the loan process is the prequalification. During the first conversation basic information is collected: Name, Address, Social Security Number, Date of Birth, Time on Job, Monthly Income, Checking and Savings Account Balances and Current Rent/Mortgage Payment. Credit is then pulled and your Debt to Income Ratio (DTI) is calculated to see how much house you can qualify for. Once the proceeding is complete the loan program best suited for your situation is determined.
Documentation is then collected to verify the above information: Driver’s License, Social Security Card, 30 Day Paystubs, 2 year W2s, 2 year Federal Tax Returns and 60 days of Banking Statements, then, a Mortgage Prequalification Letter is Issued.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 call – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron nmls: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
Tuesday, March 1, 2011
Friday, February 25, 2011
FHA MIP FYI
I’m Josh with National Fidelity Mortgage, NFM, Inc.
In April FHA Monthly Mortgage Insurance Premium is going up 25 basis points. Now is a great time to buy! Take advantage of the current Monthly Mortgage Insurance Premium!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
Friday, February 18, 2011
Mobile County Down Payment Assistance
I’m Mortgage Josh, aka Josh Aaron nmls: 213887.
Realtors do you want to know how to turn your $60,000 buyers into $70,000 buyers?
Mobile County offers $10,000 in Down Payment assistance.
Maximum income limits for the household, not just the borrower(s), are as follows:
1 person $28,300
2 persons $32,350
3 persons $36,400
4 persons $40,400
5 persons $43,650
6 persons $46,900
7 persons $50,100
8 persons $53,350
Eligible areas:
Chickasaw
Citronelle
Creola
Mount Vernon
Prichard
Saraland
Satsuma
Unincorporated area of Mobile County
We also offer Conventional, FHA 203b, FHA 203k, HomePath, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business!
or
Josh@MortgageJosh.com
251 382 3729 Cell
Sunday, February 13, 2011
I’m Mortgage Josh, Josh Aaron nmls 213887, with National Fidelity Mortgage, NFM, Inc.
Reverse Mortgages can be used, by buyers 62 or older, to purchase a primary residence. What’s great about a reverse mortgage? No income requirement, no credit requirement, and no monthly mortgage payment.
Reverse Mortgages are unique loans that allow homeowners/buyers to retire in comfort!
NFM, Inc. excels in providing mortgage solutions such as the Reverse Mortgage. As a member of the national Reverse Mortgage Lenders Associations, NFM, Inc. is provided with the best resources and training available.
We offer Conventional, DU Refi Plus, FHA, Hompath, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! 251-382-3729 Cell – Josh@MortgageJosh.com.
Thursday, February 3, 2011
Mortgage Josh - FHA 203K - Interested in buying a home that needs repairs?
I’m Josh with National Fidelity Mortgage, NFM, Inc.
Are you interested in buying a home that needs some repairs?
An FHA203K loans allows you to get a loan based on the home’s value AFTER improvements. You can same money with a 1 time close. You can update an older home. You can finance a foreclosed property that needs repairs and make those repairs right away.
We also offer Conventional, FHA 203B, HomePath, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
I’m Josh with National Fidelity Mortgage, NFM, Inc.
Are you interested in buying a home that needs some repairs?
An FHA203K loans allows you to get a loan based on the home’s value AFTER improvements. You can same money with a 1 time close. You can update an older home. You can finance a foreclosed property that needs repairs and make those repairs right away.
We also offer Conventional, FHA 203B, HomePath, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
Friday, January 28, 2011
I’m Josh with National Fidelity Mortgage, NFM, Inc.
A question I’ve been asked quite a bit lately is “what is HomePath Financing?” Fannie Mae created the HomePath program to facilitate the sale of it’s Real Estate Owned across the country! NFM is among the select group of lenders that can offer HomePath Financing! What’s unique about HomePath? Low down payment, only 3%, No Mortgage Insurance, and no Appraisal Fee. What terms are available with HomePath Financing? Fixed rates, Adjustable rates, and Interest only. Who can benefit from HomePath Financing? Owner Occupants and Investors.
I also offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
A question I’ve been asked quite a bit lately is “what is HomePath Financing?” Fannie Mae created the HomePath program to facilitate the sale of it’s Real Estate Owned across the country! NFM is among the select group of lenders that can offer HomePath Financing! What’s unique about HomePath? Low down payment, only 3%, No Mortgage Insurance, and no Appraisal Fee. What terms are available with HomePath Financing? Fixed rates, Adjustable rates, and Interest only. Who can benefit from HomePath Financing? Owner Occupants and Investors.
I also offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
Friday, January 21, 2011
Mortgage Josh - Loan Types
I’m Josh with National Fidelity Mortgage, NFM, Inc.
At National Fidelity Mortgage we offer: Conventional Mortgages, FHA Mortgages, VA Mortgages, USDA Mortgage, Reverse Mortgages and Home Path.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! 251 382 3729 Cell – Josh@MortgageJosh.com. Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
At National Fidelity Mortgage we offer: Conventional Mortgages, FHA Mortgages, VA Mortgages, USDA Mortgage, Reverse Mortgages and Home Path.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! 251 382 3729 Cell – Josh@MortgageJosh.com. Check me out on – Facebook, Twitter, Flickr, LinkedIn, My Space, You Tube, Buzz, Active Rain, and MortgageJosh.com.
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