I am a licensed Mortgage Broker (TX Broker #3836)
http://www.pcmrinc.com and licensed Texas Real Estate Sales person (New Site under constrcution). Also, licensed legal services provider
http://www.weallhaverights.com/ . I'm a very happily married man. As you can see, I live in Texas and have been here for the past 15 years. Was Originally from New York, went to college in VA and spent HS years in MD. I am looking to expand my network of freinds and business contacts. I am a firm believer in the concepts taught by Dale Carnegie and Napoleon Hill. For those of you who don't know what I am talking about, you have got to read the book "THINK AND GROW RICH" by Napolean Hill and "How to Win Friends and Influence people" (this one is great for sales people, it's not quite what you might think by the title).
Texas Mortgage Broker #3836
Areas of Expertise
Residential Mortgages, FHA, VA, Conventional. Up to $14,950,00 Dollars of True Federal Grant Funds for qualified Individuals. These funds are true Federal GRANT Money that the borrower does not have to pay back (nor does the seller have to go into some agreement either). There are some restrictions like how long borrower must own the property in order to not have to pay grant funds back (5 yrs). Also, specialize in the purchase of Apartment complexes, Strip Mall Shopping Centers, Churches, and various other Real Estate backed commercial projects including Hotels and Mobile Home parks. I have over 20 years experience in finance. Work exstensively with Investors as well as first time home buyers. I do residential loans throughout the state of Texas. Commercial loans nationwide. I purchase owner financed Mortgage Notes/Deeds of Trust, Land Contracts and several other types of recievables.
FHA HIGHLIGHTS
97.75% MAX LTV PURCHASES
95% CASH OUT ALLOWED (Not available in TX, 80% LTV Max on conventional loans)
100% ALLOWED ON AMERIDREAM / NEHEMIA
UP TO 6% SELLER CONCESSIONS
GIFT FUNDS ALLOWED
55% MAX DTI'S ON PURCH & R/T'S
MIN 550 FICO SCORE REQUIRED
DECLINING MARKETS ARE OK
LOAN AMT'S UP TO $729,750 BY COUNTY
NO RESERVES
NO TRADE LINES (ALTERNATE TRADES OK)
NO PRE-PAY PENALTY
NO PAYMENT SHOCK
NO GREENCARD REQUIRED
NON-OCCUPYING CO- BORROWERS
MANUAL UNDERWRITING
30 YEAR FIXED TERM
BK-13 MAY LEAVE OPEN
ONE DAY OFF MLS OK
WAIVE DEROG. DEBTS
MANUFACTURED HOME OK
PRIMARY RESIDENCE ONLY
FAST SERVICE - GREAT COMMUNICATION
Advantages to the FHA Mortgage for Texas Homebuyer and Homeowner
No Other Program offers 97% Financing on a purchase
95% on a Refinance
Minimal Down Payment and Closing Costs.
Down payment less than 3% of Sales Price and 100% Financing options available
Gift for down payment and closing costs are allowed up to 6% of Sales price.
No reserves or savings required.
Easy Credit Qualifying Guidelines
No minimum FICO score or credit score requirements.
FHA will allow a home purchase 2 years after a Bankruptcy.
FHA will allow a home purchase while still in a Chapter 13 Bankruptcy.
FHA will allow a home purchase 3 years after a Foreclosure
Texas FHA Loan Programs
At one point and time many years ago, the Texas FHA loan was the only alternative to local bank financing for home buyers. In the fashion world, there is a saying: Wait long enough, and everything comes back into style. That rule applies just as well to Texas FHA mortgage program. Long-overlooked, the FHA mortgage is becoming popular again with Texas Home Buyers for its low rates and the real security it provides borrowers.
For Texas banks and other mortgage lenders, FHA mortgage loan financing offers the security of a government insured Mortgage. Win/Win! To learn more, call today at 409-861-4815 or just use our fast and easy application,
Texas Mortgage Broker #3836
