Skip to main content

There ARE Alternatives to FHA Financing. Ask Me About My "Home Possible" Mortgage Option!


There ARE Alternatives to FHA Financing.
Ask Me About My 
"Home Possible" Mortgage Option!    

     Although FHA perhaps remains the most reliable First-Time Homebuyer Program currently available, it may no longer be the only or best option for certain qualified Borrowers.  
    
http://www.genemundt.com
     With the current costs of upfront Mortgage Insurance and the increased costs of Annual Mortgage Insurance, I have sought alternative options for my Borrowers in the Conventional Financing environment.  I currently have a great option available for my clients.  

     The chart below shows how I (via APMC) have applied this program ... known as "Home Possible" to the benefit of my clients.  (Freddie Mac's Flexible Underwriting Program)

     Here's where I used this Program ... and why:

                           FHA                               Mortgage                             Home
                                            Insurance                          Possible  
             
     In a nutshell ...

     Borrowers utilizing the "Home Possible" Mortgage Program will find it addressing a broader variety of their needs and offering them more flexible options.  They'll also find that in certain factors, Underwriting Guidelines are more favorable than those offered through FHA.  And generally speaking, Monthly Payments are typically lower when utilizing the "Home Possible" program.  

     The "Home Possible" Mortgage Program also offers: 
  • Comparable out-of-pocket costs
  • Allows for Borrower's Cash at Closing needs (typically included in a Conventional, Low-Down Payment Program)
  • Flexible Down Payment Funds feature  
  • Allows for flexible "Cash on Hand" too

     I must add that not all Borrowers qualify for this program.  Nor would their buying scenario, in certain cases.  

https://1609956119.secure-loancenter.com/FreeConsult.aspx     The "Home Possible" Mortgage Program is an option to be considered and weighed, just like other Mortgage Program options ... not a guaranteed loan approval.  Median Income Limits Apply.  This program is NOT for Investors or those who own other Real Estate properties.

     The good news is this:  "Outside the Box" Mortgage financing opportunities DO exist.  The "Home Possible" Mortgage Program is just one example of that fact.  

     Hopeful Home Buyers shouldn't assume that they can't secure financing.  Head to my website.  Pick-up the phone .. email me ... text, etc.  Let's talk soon to discover if home buying and mortgage financing is possible for you ... and when ...


http://www.genemundt.com/ContactUs.aspx


     *  Hoping to Buy, Build, or Refinance a home in New Lenox, another Lincoln-Way Community, Will County, or elsewhere in the Chicago areaContact Me Now!  I'll put my 37 years of Mortgage experience and expertise hard to work on your behalf.
     I can be easily reached at:
Direct:  815.524.2280
Cell:  708.921.6331
eFax:  815.524.2281

Click HERE for your FREE Mortgage Consultation!

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   Digg Acct. of Gene Mundt, Mortgage Lender
 Trulia Acct. of Gene Mundt, Mortgage Lender   Zillow Acct. of Gene Mundt, Mortgage Lender   Lender411 Acct. of Gene Mundt, Mortgage Lender    Klout Acct. of Gene Mundt, Mortgage Lender    Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 
Gene Mundt, Mortgage Lender, a Lender with 36 years of mortgage experience, will offer you exemplary mortgage service and advice when seeking:  Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago and the greater Chicagoland region, including:  The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, Manhattan, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.
      

   

     
     

Comments

Popular posts from this blog

Property Addresses: Gettin' Down to the Nitty Gritty

Property Addresses:   Gettin' Down to the Nitty Gritty

Take just a second and read through the following statements ...


“The devil is in the details” 
... "in life, it is often the tiny details that end up 
being the most important"

"Get Down To The Nitty Gritty"

“Little details have special talents in 
creating big problems!” 

“Sweat the details”

"Success is the sum of details"

Details ...Details ... it's all about the details ...
     And I'll admit it, I'm a bit of a nerd about them.  My whole family is.  Details, the intricacies, the little things ... they matter to us.
When I was growing up, a typical conversation (and argument) between my brothers and myself at the dinner table or in the backyard centered around "details".  It didn't matter what the topic was, it was the minor differences ... the details about the topic ... that we argued about.  I'm sure we drove our parents crazy.  
Sports statistics and games ... minutiae rega…

Ready for Fall? It's Arriving Soon

Ready for Fall?  It's Arriving Soon

Friend ...

Maybe it's because football season has started. Maybe it's the kids being back in school. Or because the night air is cooler. But a sense of Fall has arrived here in Chicagoland ...

The Fall Season brings changes with it. Changes in temperatures. Changes to the clothing we wear. Our focus seems to shift with the coming of shorter days, falling leaves, and crisp air.

Fall can be the perfect time to do a multitude of things. You can prep your home for the upcoming winter weather ... or for Fall listing and sale. 

But whether you're moving on or staying put, Fall is a great time to declutter and organize your home inside and out ... and your finances too.

I've googled like crazy to find interesting articles filled with Fall info, ideas, tips, and photos. Articles that will help you usher the Fall Season in at your house. I hope you enjoy reading the articles offered below and that they inspire you to make any needed changes.

Rem…

Paper or Paperless billing? Which serves YOUR needs best?

Paper or Paperless billing?  Which serves YOUR needs best?


These days, companies are under pressure to go "green" and become more environmentally friendly.  As a result, an increasing number of businesses are offering their customers a paperless option with which to receive and pay their bills. 

There are obviously many positives to be found within these paperless services:


Trees are saved  Reduced postage costs  Less paper documentation to organize or save/storePossible rewards for switching to paperlessPayments can often be made/posted same-dayAutomated payments can be set-upMore
But I can tell you from my vantage point as a Chicagoland/IL/WI Mortgage Originator, there are also negatives to be found within paperless methods.  For some of my mortgage clients, the choice of going "paperless" just hasn't worked well.

 For some, an email or text reminder regarding payment of bills has not been enough. They NEED a paper billing to arrive in their mail. 

Their paper bil…