WHEN MORTGAGE MAKERS LENDING TAKES CONTROL OF YOUR FINANCING - 100% LOAN APPROVAL IS OUR MAIN GOAL
100% financing to include all or part of your closing cost is very difficult to obtain when borrowers have low credit scores (below 700’s) or a large down payment (20%). This requires “creative financing” in conjunction with our Alt A or Non Conforming lenders’ loan approval. This is Mortgage Makers goal for all homebuyers and it takes total and concentrated effort from the borrower, the loan officer and the lender.
Can you put 10% or 20% down? Or do you need to get a 100%? You don't need to wait until you have a large amount saved or high credit scores! You can buy your home now with assistance from Mortgage Makers Lending Corp.
Most lenders are banks or mortgage lenders that are spin-offs of a large bank or mega-companies that invest in real estate mortgages are not lenders that will help with after bankruptcy mortgages and low credit scores. Usually these banks or money pools are only willing to do loans that conform to government guidelines. Normally these loans require excellent credit scores in the 700’s (for sure above 620 and no late payments) with enough money for 20% down payment and closing costs! Or the buyer is required to purchase an insurance policy that guarantees there's always 20% equity in the property in the event the lender were to foreclose on the property for non payment. This insurance policy's monthly payment guarantees the loan and is ADDED to the buyer's monthly payment! It is not deductible from the loan principal or interest. The nation’s average credit score is 677.
NOW! Your loan officer with Mortgage Makers will take your credit and financial information and search many loan programs to get whatever financing you need – BUT UNDERSTAND, THIS TAKES TOTAL CO-OPERATION FROM (YOU) THE BORROWER. The majority of our loans go through very quickly and with no problems. However, sometimes we may have to go to many lenders to make your financing happen and you may get frustrated, as it may seem that proper financing will never be approved. But if you really want your financing to work then you need to cooperate, have patients and keep in touch with your loan officer - don't give up and your financing will happen.
We have helped so many people who NEVER thought they would own a home. Many of our borrowers find themselves crying and hugging one another at the closing, and our loan officers get many “thank you” letters for making their loan happen. Most of our borrowers refeer family and friends back to Mortgage Makers because they know we can make their home financing happen. Yes, for many of these homebuyers, home ownership would never have happened if it had not been for their combined efforts with the Mortgage Makers loan officer working together. (See our topic: TESTOMINIALS).
Over 12 years we have researched hundreds of lenders and loan programs and continue daily to locate the very best conforming, non-conforming and sub-prime lenders in the nation. We discard lenders when their programs do not suit our borrowers needs, and we sign up other lenders as new and better loan programs become available. The industry of home financing with non-conforming and sub-prime lenders has many, many different creative program guidelines, which change daily. Some of these lenders will do loans with credit scores as low as 500 and most of the lenders have programs where they will do financing for 100% of the purchase price. Usually we can match the borrower’s credit – income - debt circumstances with the proper lenders so we can arrange creative financing with a lender in order to get 100% financing and also get all or most of the closing cost covered. Again, this is often very challenging and requires total determination by our loan officers and the borrowers. Many times we have to re-submit a borrower’s loan to more than one lender.
The conforming and non-conforming loan for a rural mortgage in small and medium size towns is one of the main emphasis of our business . If necessary, we will even help our borrowers get new credit and employ methods to help increase their credit scores so they can own their own home and stop throwing their money away on rent.
Contact us NOW (888-500-0000) or apply online NOW so we can start working to get your financing approved and help you buy the home of your choice.
