- We would like to buy a new home. I am self-employed, and I do not show a lot of income. We are looking in the mid-300 range. What can we do? Believe it or not, there is now a 12-month bank statement program. Income is determined by deposits instead of pay stubs and tax returns. Loan limit is 417,000, and there is qualifying criteria. Let's take a look at it for you to see if it a good fit.
- We are interested in refinancing our home. It is worth about 700,000, we owe 680,000. We have some money to put into the refinance, but we have not been able to take advantage of any of the lower rates. What is the maximum we could borrow to refinance? We have a program available that will allow for up to 85% on a refinance with no mortgage insurance. Let's take a look at your particular scenario and see if we have a fit.
- I am interested in purchasing a home. It is homepath eligible. What do I need to do? Unfortunately, homepath is no longer available. The program discontinued effective 10/06/14. We can certainly look at FHA or conventional depending upon your particular scenario.
Please feel free to contact me with any questions you might have. I look forward to working with you and your clients. Please remember, I am licensed in Virginia, North Carolina and Florida.
Jennifer Keenan, Sr Mortgage Consultant, NMLS# 101837
Tidewater Home Funding, 757-272-4199