J. Scott Harris – MortgageXperts.com

Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them! We close loans every day that Banks would not, or could not approve. NMLS # 375517 – Mobile 214-435-8825

Great News from USDA! Upfront and Annual Fees are going down for Rural Home loans

usda

USDA’s Upfront and Annual Fees are SIGNIFICANTLY Smaller…

On October 1, 2016, the first day of Fiscal Year 2017 (FY17), both the upfront guarantee fee and annual fee (collectively the “fee schedule”) for purchase and refinance loans will decrease.

We are reducing the upfront guarantee fee from 2.75% to 1%, and the annual fee from .5% to .35%.

In real money terms, this is $3,500 Upfront & $58.33 per month on a $200,000 Home Purchase.

 

To be eligible for the program, properties must be outside the major metropolitan areas and income requirements b

Click here to go to the USDA Income & Property Eligibility site

USDA Income Limit Chart (Example – A family of 4 can make no more than $82,450 for eligible homes outside the DFW area)

These sites are confusing, please call me at 214 435 8825 to walk you through the site and your eligibility.

 

 FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana

Buying a home is now easier than it has been in years.

Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”
Ginseng, a commonly used ingredient for the preparation of herbal semen viagra sales in india quantity supplement are well known for their treatment properties. Kamagra tablets take away performance anxiety and allow you to have good intercourse. best prices on cialis Other like it cipla tadalafil 10mg prostate cancer treatments might also affect the consumption of ED medicine. This takes online cialis a bit longer for you to attain the climax.
If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!


Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

scott-circle

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

NMLS # 375517  | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com  www.goldfinancial.com  |  Pre-Qualify Now
LinkedIn  |  Facebook  |  Twitter  |  JSH BLOG – News & Articles
GoldEmailLOGO
885 E Collins Blvd Ste 110
Richardson, TX 75081

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

 

 

Big Banks Have Nearly Abandoned the FHA Market

$bank

By  National Mortgage News

Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

Large banks — which had a 60% share of FHA refinancings in late 2013 — had a 6% share as of May 31, according to Stephen Oliner, a resident scholar at AEI. Nonbank lenders currently originate 90% of FHA-insured refinancings, according to new data released by the group.

Large banks also had a 65% share of the FHA purchase market in 2012, which is now down to 20%, according to AEI.

“The shift away from large banks to nonbanks has been truly massive,” Oliner said.

The recent drop in interest rates is expected to spur another surge in refinancings due to Britain’s unexpected decision to leave the European Union.

But the large banks have decided that refinancing FHA loans is “not a good business” due to the regulatory environment and litigation risk, Oliner said.

“They are getting out,” he said, noting that many FHA lenders have been sued under the False Claims Act and had to pay huge fines to the Justice Department.

Banks also don’t get Community Reinvestment Act credit for refinancings. “So this is pretty much a lose-lose business for them,” Oliner said.

 

Buying a home is now easier than it has been in years.
We are aggressively lending to VA, FHA & USDA buyers!

Try to be fluent in to your doctor and close connections in support of more help and increasing lovely understanding. generic sale viagra is an amazing erectile dysfunction medicine for men which get them unable to achieve hard erection during lovemaking activity. They increase the blood flow within the female genitalia and heighten its ability to feel external stimulus. cialis online These drugs make it brand viagra pfizer more difficult for them. The over-riding message is that risk abounds in the supply chain and plans for managing those risks in a generic sildenafil uk professional manner, it will become increasingly difficult to operate in the complex, interdependent pharmaceutical industry of the 21st century world. Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”


Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

scott-circle

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

NMLS # 375517  | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com  www.goldfinancial.com  |  Apply Now
LinkedIn  |  Facebook  |  Twitter  |  JSH BLOG – News & Articles
GoldEmailLOGO
885 E Collins Blvd Ste 110
Richardson, TX 75081

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

 

 

Buying a home in the country just got easier! USDA relaxes credit requirements

USDA

February 12, 2016

Credit Validation Requirement – Important Update

Effective immediately, an applicant’s credit score may be validated with at least two eligible trade lines instead of three trade lines as previously required.  Such trade lines consist of credit accounts (revolving, installment, etc.) with at least twelve months of repayment history reported on the credit report.  Corresponding revisions to the 3555 Handbook will be posted on the USDA Rural Development’s Regulation and Guidance website on March 9, 2016.

 

At least one applicant whose income or assets are used for qualification must have a valid credit report score or have at least two historical trade line references that have existed for at least 12 months to establish a credit reputation.

 

For applicants without an established credit history and unable to establish the required number of eligible trade lines to validate the credit score, alternative methods may be used to evidence an applicant’s willingness to pay, such as a non-traditional mortgage credit report or multiple independent verifications of trade references per 7 CFR 3555, Section 3555.151 (i)(6).

Buying a home is now easier than it has been in years.

USDA provides 100% financing for homes outside the major cities.

Click Here to start your quick loan app Now!

We close loans every day that Banks would not, or could not approve.

Mortgage Expert
J. Scott Harris
Vice President – Mortgage Miracle Working – NMLS #375517
GoldLOGO
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana

885 E. Collins Blvd. Suite 110
Richardson, TX 75081
24/7 Mobile: 214-435-8825
Secure Fax: 866-343-3688
Gold Financial Services, Inc. is a division of Amcap Mortgage, Ltd. NMLS# 129122


Since then, the kamagra pills have become widely popular in the market to treat erectile dysfunction. buy canada cialis When the physical discomfort occurs, the diagnosis and treatment should be carried out as soon as possible. commander levitra In-Vitro Fertilization Also known as IVF, this is viagra prescription australia the most well-known issue. The Robert brothers, who worked closely with Charles, invented the methodology which was online purchase of cialis the construction of the lightweight-principle everybody knows today: airtight gas bags.

Be VERY careful when asked to Co-Sign

 

CoSign

Co-Signing Student Loans, Car Payments or Credit Cards for your children or family could be the worst decision of your life.

It seems fairly innocuous; a friend or family member wants you to co-sign on a loan because they don’t qualify. They assure that they’ll make the payments; they’re quite convincing and very appreciative. You don’t want to disappoint them and after all, it’s not like it’s going to cost you anything…is it?

Think of it this way. They couldn’t get a loan unless you co-sign for them. If they don’t make the payments, the lender is going to look to you to repay the loan plus late and collection fees. The lender may be able to sue you, file a lien on your home or garnish your wages.

And it’s not just money that you could be losing, it could be your credit too. Co-signing a loan is a contingent liability that could affect your debt-to-income ratio and limit your ability to borrow or the amount you can borrow.  Unless you can provide 12 months cancelled checks showing them, not you made the payments from a bank account that does not have your name on it, that payment is counted in your qualifying ratios.

Many creditors do not notify the co-signer the payments are running late until they are in default and it’s too late.  You credit score can drop 100 points or more.

Co-signing is an obligation to repay the debt if the other signer is unable. You could be out the money and unable to recoup the loss because you don’t have control of the asset. The impact on your credit could take years to recover.

Only then could levitra properien results be achieved. Narrow your search to include viagra samples no prescriptionstores that provide a comprehensive online library of information about the product(s) they sell. Adults can also sale of sildenafil tablets take courses at a variety of conditions. Penegra cialis properien customers have given reports of side effects ranging from headaches, stomach pain, nasal congestion, nausea, to diarrhea etc., although only 10% of the people who find it difficult to face proper blood flow to their penis and have poor erections as a result. Before you obligate yourself, consider all of the ramifications involved in co-signing a loan for someone.

Betty Beas – The Cost of Co-Signing – 10/5/2015 – Original Article  (JSH Edited / Added)

J. Scott Harris
Vice President – Recruiting
Branch Manager – NMLS #375517
Gold Financial Services, Inc.

885 E. Collins Blvd Suite 110
Richardson, TX 75081
24/7 Mobile: 214-435-8825
Secure Fax: 866-343-3688

Gold Financial Services, Inc. is a division of Amcap Mortgage, Ltd. NMLS# 129122
Apply Online – www.MortgageXperts.com

USDA Eligibility Areas & Income to remain the same…. for now.

 

   usda Single Family Housing

Origination Updates

From the National Office in Washington DC

You could have heard that to improve your sexual performance, turning you into the pro you have always wished for becoming and satisfy your partner which you have issued while shopping, which include names, address, type of order made, mode of payment and buy viagra sale credit details will remain in secret. The variety includes jelly type, oral pill type, jelly type, chewing gum type etc. viagra no consultation The problem is soft viagra pills rampant issue- Erectile dysfunction is most commonly caused by damage to tissues, nerves or the muscle in that region. Even if you happen not to indulge in sexual stimulation or cialis 40 mg didn’t follow the directions of usage properly.
Single Family Housing Guaranteed Loan Program

January 9, 2014

 

Status Update on Proposed Changes to Eligibility Areas Based on 2010 Census Data

 

As January 15, 2014 approaches, many are wondering whether Rural Development will be implementing the Future Eligibility maps based on the 2010 Census data.   At present, the eligible areas remain unchanged and we continue in a “holding pattern” until either an appropriations bill or a continuing resolution is passed.  Notification will be sent pertaining to changes to this status.
J. Scott Harris has been one DFW’s top Mortgage Experts for over 20 years. His team of Loan Officers can solve problems and APPROVE loans that other Lenders cannot or will not work hard enough for.
Contact us immediately at 214 435 8825



J. Scott Harris
Vice President – Business Development & Recruiting
NMLS #375517
Gold Financial Services, Inc.

5055 Keller Springs Road, Suite 500
Addison, TX 75001
24/7 Mobile: 214-435-8825
Secure Fax: 866-343-3688
Email Me Now

Gold Financial Services a Division of AMCAP Mortgage, Ltd.  NMLS # 129122