Tag Archives: #credit score

2017 Increasing Loan Limits

With so many changes taking place as we transition into this New Year, the Federal Housing Administration (FHA), Fannie Mae, Freddie Mac and VA increased loan limits for the first time since 2006! Two large changes that have helped create this shift are the steady rise in property values and the housing market continuing to recover. The new limits will be considered for borrowers looking for lending on or after January 1, 2017, and will remain in place through the end of the year.

The maximum loan limits have increased across the board, mainly being seen through one-unit properties as well as in high cost areas and FHA-insured Home Equity Conversion Mortgages (or reverse mortgages).

Maximum loan limits:

  • One-Unit Properties – Increase from $417,000 to $424,100(Sacramento Tri-County area).
  • High-Cost Areas – Increase from $625,500 to $636,150.
  • FHA-Insured Home Equity Conversion Mortgages (or reverse mortgages) – Increased to $636,150.

These increases mark a rising confidence in borrowers ability to repay their loans and have lead to more options for buyers when it comes time to choose a home due to a wider variety of financial lending options.

It is important to understand that lenders still work diligently to get borrowers approved and the documentation requirements have not changed. These increasing lending limits have allowed me to create a competitive landscape for my clients, focused on providing more financial lending options.

For more information regarding these lending limits shifting and the requirements for buyers to make a home purchase, I am always available to help my clients, friends and family and look forward to the new opportunities these increased loan limits will create for buyers in 2017.

#Mortgages #LoanLimit #Market #RealEstate #Lending #HomeOwnership #Jumbo #FHA #VA #Conventional #Refinance #Millennials #BabyBoomers #2017 #Sacramento #BayArea #HomeBuyer #CreditScore #KathleenBeck #TrustedMortgageLender

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I hate to keep harping on you, but…


Get it, HARPing?  Corny, I know but it is exciting news and I really want you to know!  I first told you about the government’s HARP (Home Affordable Refinance Program) and how amazing it is for underwater homeowners.  The program was set to end in December but it has now been extended.

Homeowners who owe more than their home is worth will get another shot at shoring up their finances under a new streamlined refinance option announced today.

The Federal Housing Finance Agency said today that Fannie Mae and Freddie Mac will be offering a new refinance plan beginning in October 2017.

It was also announced that HARP is being extended until Sept. 30, 2017. We had been expecting the Home Affordable Refinance Program to expire in December.

The eligibility criteria with HARP is that the loan had to be originated before June 1, 2009, to qualify. But there is no such cutoff date under the new refinance option that begins later next year. Other main differences: The new option is expected to be more sustainable going forward, and homeowners can use it to refinance more than once.

More than 300,000 homeowners across the U.S. are still eligible to refinance under HARP.
Call me today to find out if you qualify.  I love to help!

new publicity shot kathleen beckKathleen Beck, Mortgage Lender
916.722.0395 direct
Kathleen@BeckHomeLoanPro.com / http://www.BeckHomeLoanPro.com
West Coast Mortgage Group
CA BRE# 01058848 / NMLS#243181

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Is there a Rate-Master?


How in the world are interest rates calculated?  Is there a Rates Boss that gets to decide whether they go up or down?  Not quite!  Here is a little insight into how mortgage interest rates are formed.

Mortgage interest rates have a very significant impact on the overall long-term cost of purchasing a home through financing. On the one hand, mortgage borrowers are seeking the lowest possible rates, but on the other hand, mortgage lenders have to manage their risk through the interest rates they charge. The lowest mortgage interest rates are only available to borrowers with the most solid finances and sterling credit histories.

While the financial health of borrowers affects the specific interest rates they can obtain, the general level of mortgage interest rates is influenced by a number of critical economic factors, as well as government financial policy. The factors that influence mortgage rates all represent basic rules of supply and demand in one form or another.

1) Inflation

The gradual upward movement of prices due to inflation is an important factor in the overall economy and a critical factor for mortgage lenders. Inflation erodes the purchasing power of dollars over time. Mortgage lenders generally have to maintain interest rates at a level that is at least sufficient to overcome the erosion of purchasing power through inflation to ensure that their interest returns represent a real net profit. For example, if mortgage rates are at 5%, but the level of annual inflation is at 2%, then the lender’s real return on a loan in terms of the purchasing power of the dollars they received in repayment is only 3%. Therefore, mortgage lenders carefully monitor the rate of inflation and adjust rates accordingly.

2) The Level of Economic Growth

Mortgage rates are also influenced by economic growth indicators such as gross domestic product (GDP) and the employment rate. Higher economic growth levels generally produce higher incomes and higher levels of consumer spending, including more consumers looking to obtain mortgage loans for home purchases. The upswing in overall demand for mortgages tends to propel mortgage rates higher, since there is only a certain supply of money that lenders have available to lend out. Naturally, the opposite effect results from a weakening economy. Employment and wages decline, leading to decreased demand for home loans, which in turn puts downward pressure on the interest rates offered by mortgage lenders.

3) Federal Reserve Monetary Policy

The monetary policy pursued by the Federal Reserve Bank is one of the most important factors influencing both the economy generally and interest rates specifically, including mortgage rates. The Federal Reserve does not set the specific interest rates in the mortgage market, but its actions in establishing the Fed Funds rate and adjusting the money supply upward or downward have a significant impact on the interest rates available to the borrowing public. Generally, increases in the money supply put downward pressure on rates, while tightening the money supply pressures rates upward.

4) The Bond Market

Banks and other investment firms market mortgage-backed securities (MBSs) as investment products. The yields available from these debt securities must be sufficiently high to attract buyers. Part of this equation is the fact that government and corporate bonds offer competing long-term fixed income investments. The yields available on these competing investment products affect the yields that are offered on MBSs. The overall condition of the larger bond market therefore indirectly affects the mortgage rates that lenders charge, since the lenders must generate sufficient yields for MBSs to make them competitive in the total debt security market.

One frequently used government bond benchmark that mortgage lenders often peg their interest rates to is the 10-Year Treasury bond yield. Typically, the average spread for MBSs above the 10-year Treasury bond yield is approximately 1.7%. MBS sellers must offer higher yields because repayment is not 100% guaranteed as it is with government bonds.

5) Housing Market Conditions

Trends and conditions in the housing market also affect mortgage rates. When fewer homes are being built or offered for resale, the decline in homes being purchased leads to a decline in the demand for mortgages and pressures interest rates downward. A recent trend that has also applied downward pressure to rates is an increasing number of consumers opting to rent rather than buy a home. Such changes in the availability of homes and consumer demand affect the levels at which mortgage lenders set loan rates.

Call me with any questions or to find out what current rates are!


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Original post:http://www.investopedia.com/articles/wealth-management/120115/most-important-factors-affect-mortgage-rates.asp


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Ready for Summer?

Is your house?


Clean the walkway
Pressure-wash the walkway, then replace damaged pavers or bricks, or just flip them over. If any pavers are sticking up too high, raise them, remove a little dirt, and drop them back in place. On concrete walkways fill in cracks with a masonry crack filler that matches the color of your concrete.

Spruce up the front door
Probe the weather stripping around the door with a screwdriver and caulk any post-winter gaps before tightening hinges that may have come loose due to shifts in temperature.


Prep the windows
Caulk any gaps in the framing and check that the mechanics are working by opening and closing each window a few times. Fill up two buckets: one with 1 cup of vinegar, 1 cup of ammonia, and 1 gallon of hot water; the other with warm water. Wash windows with the vinegar-ammonia solution first, then with water only. Dry with a squeegee.
Quick tip: Wash windows on a cloudy day. The sun may dry the solution too soon, leaving streaks.


Reinforce the fence posts
Replace warped or rotten pickets or posts, then give posts a good yank to make sure they’re sturdy in the ground.


Redo the driveway
Sweep away debris, patch cracks, then use a squeegee to apply a sealer. For blacktop or asphalt, try Black Jack Blacktop Ultra-Maxx 1000 Driveway Filler and Sealer ($34 for 4?3/4 gallons). For concrete, try Quikrete Concrete Crack Seal ($10 for a quart, both acehardware.com for stores).


Tidy up the flower beds
Clear out weeds and use a spade to redefine bed edges. Till the top inch or two of soil if it’s tightly packed, being careful not to disturb any bulbs below. Apply 2 to 3 inches of mulch.


Fill in the grass
Remove leaves and twigs and de-thatch dead grass with a metal rake. Ask for help choosing the right seed at a garden center, then apply it to bald patches or anywhere you want a thicker lawn.
Quick tip: Weed-killing fertilizer will work fastest if applied right before it rains.


Fix the sprinkler
Check for any winter damage, including broken heads and cracked pipes, by running your sprinkler one zone at a time. Any bubbling or geyser-like area needs a new head.


De-gunk the birdbath
Empty the bath and fill it with warm water and ¼ cup of chlorine bleach. (Bleach is safe if you rinse thoroughly, but you can also swap it for 1 cup of white vinegar.) Cover the bath with a tarp or plastic bag, and let the solution soak for 30 minutes before scrubbing and rinsing.


Hose down the air-conditioning condenser
Shut down the power on the electric panel, then clear away any leaves or branches lodged in the unit. Wash down all the coils with a garden hose. If you find any chewed wires, call a pro to repair them.


Clear out the gutters
Clean leaves and debris from your gutters. The next time it rains, stand outside and look for breaks or leaks in your gutters and downspouts.


Repair the siding
If your house has wood siding or shingles, inspect for post-winter rot, repair the damaged areas, then touch up any faded stain or chipped paint. A nylon scrub brush and all-purpose cleaner should eliminate dirt and mold on engineered wood, vinyl, or aluminum siding.


Inspect the roof
Grab a pair of binoculars and look at your roof from across the street. Locate curling, cracked, or missing shingles. Also look out for damaged metal flashing around the chimney, pipes, and skylights. Get in touch with a roofer for fixes.


Clean the deck
Use a deck brush or power washer plus a deck-cleaning solution (like Cabot Ready to Use wood cleaner pump spray, $12 a gallon, acehardware.com) to remove mold, dirt, and mildew. If the finish is worn, let the wood dry for a few days, then reseal it.


Wash the cushions
Most outdoor fabrics are safe to throw in a warm wash. Air-dry, then put the cover back on the insert while it’s still slightly damp to keep it smooth. If the fabric isn’t removable, clean it using a soft scrub brush, dish detergent, and warm water.


Scrub down the gas grill
Heat the grill for 10 minutes at a high temperature so it’s easier to scrape off gunk inside the cook box. Disconnect the gas line and let the grill cool before removing and washing the grates, burners, and drip tray in warm, soapy water. Wipe down the grill’s exterior before putting everything back together.   Tip: To check the grill’s propane level, feel the outside of the tank. The area with fuel will be cooler than the empty portion.

Call Kathleen
She will help you refinance to build a pool, get a whole house fan or move to a more energy efficient home!

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Giragge1It is important when the appraiser inspects the property that your property is fully functional and ready for inspection so you receive the best appraisal value for your property and not incur the cost of a re-inspection fee also known as a 1004-D. Below are important things to remember prior to your scheduled appraisal inspection: All utilities must be on so they can be tested by the appraiser. Make sure the HVAC (heating and air conditioning) is working and turned on. The pool and spa must be filled with clean water and filter must be functional and running. Chipping or peeling paint must be corrected especially for homes built prior to 1978. Homes built prior to 1978 may contain lead based paint. Water heaters must be turned on and functioning and double strapped per California State Law. Carbon monoxide detectors must be installed per California State Law. Also, let your lender know if there are any incomplete repair or remodeling project so you lender may confirm if the unfinished project is a functional or health and safety issue and needs to be completed prior to inspection or prior to close. Also, please let your lender know before the appraisal is ordered if the home has any major remodeling completed such as a kitchen or a bathroom remodel, or square foot additions completed with or without permits. If you are purchasing home, please forward this information on to your real estate agent and have her/him contact your lender if there are any issues with the home prior to scheduling the appraisal inspection. Taking these few steps to insure your appraisal is successful will make the loan process much easier for you and your family. Please call or email me with any questions… Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true. Please email me today Kathleen@BeckHomeLoanPro.com or call 916-722-0395 to get started on your dream of home ownership. Kathleen Beck A person you can count on. West Coast Mortgage Group 2716 Broadway Sacramento, CA 95818 NMLS#243181 BRE#01058848

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Poor Credit? Consider an FHA Loan

Sometimes I run across a very well written article and want to share it with you, such as the one below.
By Kara Johnson, Published: April 01, 2014

FHA mortgages have long been popular among homebuyers with limited financial resources, attracted by down payments of as little as 3.5 percent. But it’s also a good option for borrowers with less-than-perfect credit as well.
The FHA’s market share of home purchase mortgages ballooned after the crash, going from one in 20 loans in 2006 to one in three in 2009 as lenders raised down payment requirements and tightened credit overall. That share has fallen back somewhat since then as down payment requirements have eased, but has remained high amid tight credit requirements.
It’s well known that FHA loans have lower credit requirements than for regular conforming loans backed by Fannie Mae and Freddie Mac. What’s less well known is just how dramatic that difference is.
Mid-600 credit scores often approved
The average FICO score for home purchase mortgages approved in February was 724, according to recent figures from the mortgage software and processing firm Ellie Mae. That figure represents moderately good credit.
But when you break those figures down, the average FICO score for FHA purchase mortgages was 689, while the average on conforming Fannie/Freddie loans was 755! That latter figure represents very good credit, while the FHA figure is what you’d expect from moderately blemished credit. It’s a major difference.
Technically, the FHA will allow mortgages issued to borrowers with credit scores as low as 500, provided that other guidelines are met. In practice, lenders won’t issue loans to borrowers with scores that low because they’re concerned they might be accused of negligent underwriting if the loan goes into foreclosure and be required to buy the loan back. In fact, four out of 10 FHA loans approved in the fourth quarter of 2010 were to borrowers with FICO scores in the 640-679 range.
Fees are higher
The downside of an FHA mortgage is that the fees and mortgage insurance charged is more costly than on conforming loans. In addition, if you put less than 10 percent down you have to carry mortgage insurance for the life of the loan, rather than being able to cancel it when you reach 20 percent equity, as with a standard mortgage (though you can get around this by refinancing).
Still, with mortgage rates still unusually low by historic standards, and home prices still well below their pre-crash levels, an FHA loan may make good financial sense for someone who’s looking to buy a home now, rather than waiting a few years for their credit to improve.
First published on MortgageLoan.com at: http://www.mortgageloan.com/poor-credit-consider-fha-loan-9688
Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true.
Please email me today Kathleen@BeckHomeLoanPro.com or call
916-722-0395 to get started on your dream of home ownership.

Kathleen Beck
A person you can count on.
West Coast Mortgage Group
2716 Broadway
Sacramento, CA 95818
NMLS#243181 BRE#01058848

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Frustrated Buyer With A Low FICO Score Finally Buys a Home.

I just worked a young couple who have been trying to buy a home for the last two years. Unfortunately, they had low credit scores and could not find a lender to work with them on buying a home. Finally the young buyer’s found me. Kathleen Beck –Mortgage Lender on the internet and called me. We immediately set up an appointment to meet and go over their credit and income documentation.
As it turned out the young couple were within a few months of being able to buy a home. We set up a detailed plan through the credit bureaus on how to raise their credit scores. In less than 4 months the young couple had good credit and an accepted contract in the neighborhood of their choice. They moved into their new home within 30 days of having the offer accepted.
Do not let credit scores or bad credit keep you from buying a home. Please call me, Kathleen Beck – Mortgage Lender 916-722-0395, or email me Kathleen@BeckHomeLoanPro.com Today.
Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true.
Please email me today Kathleen@BeckHomeLoanPro.com or call
916-722-0395 to get started on your dream of homeownership.
Kathleen Beck
A person you can count on.
West Coast Mortgage Group
2716 Broadway
Sacramento, CA 95818
NMLS#243181 BRE#01058848

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Five Mortgage Myths

Sometimes I run across a very well written article and want to share it with you, such as the one below. There are several mortgage myths and this article touches on five of them.
By Kirk Haverkamp, Published: February 26, 2014

Applying for a mortgage can be an intimidating process, particularly for first-time homebuyers. It doesn’t help that there’s a lot of conventional wisdom out there that is either misleading or flat-out wrong.
Some of these mortgage myths can discourage borrowers from even attempting to seek a home loan by making it appear more difficult to qualify than it actually is. Others can lead them to make poor financial choices when better options are available.
The following are five of the major misperceptions that first-time homebuyers often have about getting a mortgage:
1 – You need perfect credit
You hear a lot about needing good credit in order to get a home loan. For the average person, this may evoke an image of well-to-do types with abundant financial resources who have proven their worth by regularly incurring and paying off large debts without breaking a sweat. But that’s not the case.
The fact is, you get good or even excellent credit merely by paying your bills on time. If you’ve had one or more auto loans plus a few credit cards and haven’t missed a payment in the last seven years, you probably have pretty good credit. And it doesn’t matter what your income is.
Figures from the Fair Isaac Corp., which maintains the FICO credit scoring system, shows that 37 percent of U.S. consumers have credit scores of 750 or above – excellent credit, eligible for the lowest interest rates. Another 16 percent have scores of 700-750, still considered good credit and able to qualify for a mortgage at a good rate.
About 12 percent of borrowers have scores in the 650-699 range. This is considered flawed credit, but you can still get a mortgage with it. You’ll pay a higher interest rate than you would with a plus-700 score though, and may face stiffer down payment requirements as well.
Once you get below 650 – which is about a third of consumers – you may have trouble getting approved. Even then, some FHA lenders will accept scores in the 600 range. Some small community banks and nonbank mortgage lenders may accept scores that are even lower, but expect to pay a steep interest rate and make a substantial down payment in order to qualify.
2 – You need 20 percent down
This is one of the more persistent myths to come out of the market crash. Even during the immediate aftermath of the crash, a 20 percent down payment wasn’t so much a requirement as it was a conservative approach advocated by many financial advisers.
But even back in 2009, FHA mortgages were still available to borrowers putting as little as 3.5 percent down – which is why homebuyers flocked to those loans. If you’re a qualifying veteran, VA loans require no money down unless you’re buying a fairly pricey home.
Even with conventional mortgages – those backed by Fannie Mae or Freddie Mac – you can get approved with as little as 5 percent down these days. That may be a better choice than going through the FHA, which has sharply increased its up-front fees in recent years.
The main reason for putting 20 percent down on a mortgage is that it allows you to avoid the cost of private mortgage insurance, which is charged on loans with smaller down payments and is typically a charge of about one-half to one percent of your loan amount each year. But you can cancel that once you reach 20 percent equity, so many borrowers prefer to pay that fee rather than wait until they can save enough for a 20 percent down payment.
3 – A 30-year fixed-rate mortgage is best
If you’re a first-time homebuyer, the changes are you’re going to get a 30-year fixed-rate mortgage. Nothing wrong with that. But it’s not the best option for everyone.
The standard 30-year fixed offers a lot of advantages. Low monthly payments. A favorable interest rate. Best of all, predictability – you know your interest rate and monthly mortgage payment will never change. And you can still lock in a rate that’s unusually low by historic standards and have it for 30 years.
That’s all well and good, but it’s only a good deal if you stay in the house and don’t refinance for 30 years. Most people don’t do that. In fact, the typical first-time homebuyer will move again in about seven years, on average.
If you don’t plan to make the home you’re buying your long-term residence, you should strongly consider an adjustable-rate mortgage – an ARM. By doing so, you can often shave a full percentage point or more off the interest rate you’d pay on a 30-year fixed-rate loan.
True, the interest rates on an ARM can fluctuate – that’s how they’re designed. But you can get them so that your initial rate is locked in for a period of 3, 5, 7 or 10 years if you choose – however long you plan to stay in the home. That way, you’re getting the lowest rate possible while you’re living in the home without paying a premium to lock the rate for 30 years – a benefit you don’t plan on using anyway.
If you’re looking at a starter home or otherwise expect to move again within 10 years, you should give an ARM serious consideration.
4 – Always choose the loan with the lowest rate
This is something that trips up a lot of first-time homebuyers. The lower your rate, the less interest you pay, right? So wouldn’t that be the best deal?
Not necessarily. The way mortgages are structured, lenders have a lot of ways to price their loans to make them look more attractive than they actually are. One of these ways is to charge a low interest rate but add a lot of fees on top, so the lender makes up in fees what they don’t get in interest.
The main way to reduce a rate is by charging for discount points, which are actually a type of pre-paid interest. While buying points can make sense if you plan to have the mortgage a long time, so that the savings from the lower rate eventually exceed the upfront cost of the points, they don’t work so well if you only own the home for a few years.
A good guide to see what a loan actually costs in terms of both interest rate and fees is the annual percentage rate – A.P.R. This is an approximation of the total cost of the loan in terms of an interest rate – the lower the rate, the lower the overall cost of the loan. But it’s just a guideline and not a hard-and-fast rule. For that, you need to take an online mortgage calculator and determine how the costs of various loan offers actually break down over time.
5 – You can deduct your mortgage interest
While mortgage interest is generally tax deductible, there are some limitations you should be aware of before making it part of your budget planning.
First, the deduction is capped at the interest paid on up to $1 million in mortgage debt for a primary mortgage and $100,000 on a secondary loan. That’s not going to be an issue for most first-time buyers.
The more relevant concerns are that you can only deduct the interest if you itemize your deductions on your federal tax return. Even then, you only benefit to the point where your total deductions exceed the standard deduction you’re already entitled to.
That can be a pretty big obstacle to overcome. For 2014, the standard deduction for a married couple is $12,400 – meaning you’d need to have at least that much in mortgage interest and other deductions to even begin to save money on the deduction. To put that into perspective, you’d need a $280,000 mortgage at 4.5 percent to generate that much in interest each year.
It’s easier to reach that mark if you’re a single taxpayer or married person filing individually. For them, the standard deduction is $6,200 (but $9,100 for a head of household). Don’t forget, too, that your interest payments shrink over time as you pay down the mortgage. So while the mortgage deduction can save you money, it may not be as much as you expect it to be.
First published on MortgageLoan.com at: http://www.mortgageloan.com/five-mortgage-myths-9671
Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true.
Please email me today Kathleen@BeckHomeLoanPro.com or call
916-722-0395 to get started on your dream of homeownership.
Kathleen Beck
A person you can count on.
West Coast Mortgage Group
2716 Broadway
Sacramento, CA 95818
NMLS#243181 BRE#01058848

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Great News For Home Buyers!

Many Home Buyers have asked me about the Fannie Mae HomePath financing and whether Fannie Mae will pay the buyer’s closing costs.  I found the following article on line and thought you would appreciate the information.

Fannie Offers 3.5% HomePath Incentive

By Peter King, Published: February 17, 2014Image

Homebuyers interested in a foreclosed property held by Fannie Mae can get a special incentive to help with closing costs, but they need to act quickly.

From now through the end of March, homebuyers who make an offer on a Fannie Mae HomePath property in certain states can qualify for closing cost assistance equal to up to 3.5 percent of the purchase price, the company has announced.

The temporary offer is available to buyers purchasing a home for their own use or for certain public entities, but not to those seeking to buy investment property.

“This incentive will provide more opportunities for families to find a property to call home,” said Jay Ryan, Vice President of REO Sales. “Our goal is to sell as many HomePath properties as possible to owner-occupants who will stabilize neighborhoods and help the housing recovery.”

HomePath is Fannie Mae’s program for selling foreclosed, or Real Estate Owned (REO) properties that have come into its possession.

Can be used to buy points, reduce rate

To qualify, homebuyers must make an offer on a property during what is called the First Look period, when it is made available to owner-occupants or public entity buyers only, without competition from investors. That period was recently extended to 20 days, up from 15 days previously.

Borrowers can not only use their incentive to reduce their standard closing costs, but in some cases may be able to use it to reduce their mortgage rate by applying it toward the purchase of discount points.

To qualify for the incentive, buyers must make an offer on a HomePath property by March 31, 2013, and close by May 31, 2013.

The special incentive is available on properties in 26 states and one U.S. territory, listed as follows: Arizona, California, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, Ohio, Oregon, Puerto Rico, Tennessee, Virginia, Washington, West Virginia and Wisconsin.

Potential buyers can search for available properties on the HomePath web site at www.HomePath.com.

First published on MortgageLoan.com at: http://www.mortgageloan.com/fannie-offers-35-homepath-incentive-9667

Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true.

Please email me today Kathleen@BeckHomeLoanPro.com or call
916-722-0395 to get started on your dream of homeownership.

Kathleen Beck
A person you can count on.
West Coast Mortgage Group
2716 Broadway
Sacramento, CA 95818
NMLS#243181 BRE#01058848

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Making Home Ownership A Reality Since 1992


Combining over 20 years of experience with technology and top notch personal service, I and my team strive to exceed all your expectations. We are a full service Direct Lender and Mortgage Broker who caters to your individual financial needs. In today’s market with all the new loan guidelines and rule changes you need a Mortgage Lender who has the knowledge to help you navigate through the different home loan programs and tailor your home loan to fit your financial goals.

We have several loan products for you to choose from. For example;

Conventional/Conforming Loans
Manufactured Housing.
Lender paid mortgage insurance.
Investors allowed up to 10 financed properties.

FHA Government Insured Loans
Including HUD Repos.
Flips okay.
Manufactured Housing.
Streamline refinance with no appraisal.

VA Government Insured Loans
True 100% financing/refinance or purchase.
90 day flips okay.
Manufactured Housing.
Streamline refinance with no appraisal.

USDA Loans
No mortgage insurance.
True 100% financing on homes that qualify for this program.
Income and sales price limits may apply.

FHA 203(K) Streamline Loans.
Can add up to $35,000 for rehabilitation to an FHA purchase and refinance.

CHDAP-Down Payment Assistance Program
FHA 1st mortgage loan and CHDAP 2nd loan add additional 3% down payment to a
FHA loan.
Income and sales price limits may apply.

EEM- Energy Efficient Mortgage
Energy efficient improvements financed with your VA or FHA loan up to 5% of
the appraised value or sales price.
Can be used on a purchase or a refinance.

Platinum Grant
3% grant to be used with FHA, VA or USDA.
Can be used for closing costs or down payment.
Income limits may apply.
Not just for 1st time homebuyers.

HomePath Fannie Mae Loans
No mortgage insurance.
No appraisal.

LP Super Conforming Loans.
Loans up to $1 million.
Jumbo Loans
Loan amounts up to $3 Million

Jumbo Loans
Loan amounts up to $3 million.
FICOS as low as 720.
Available for purchase and refinance.

Reverse Mortgages
For adults 62 & over.
Lump sums and monthly payments available.

Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true.

Please email me today Kathleen@BeckHomeLoanPro.com or call
916-722-0395 to get started on your dream of homeownership.

Kathleen Beck
A person you can count on.
West Coast Mortgage Group
2716 Broadway
Sacramento, CA 95818
NMLS#243181 BRE#01058848

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