Think You Can't Buy a Home in Chicagoland? 10 Facts That Can Change Your Mind

 Think You Can't Buy a Home in Chicagoland?  
10 Facts That Can Change Your Mind

     I've found that Home Buyers looking to be Pre-Qualified
for a home loan purchase are often quite surprised by their ability to successfully get a Loan Approval without having PERFECT credit 

     To add to that (pleasant) surprise, they also find that they can obtain a Mortgage with:   

  • 3.5% down payment for a FHA loan 
  • 0% Down Payment as a Veteran (VA Loan)  
  • 0% Down Payment with USDA-Rural Development Loans (in certain rural areas)
  •  3% Down Payment options are also available.  
     (For further details and information in the Chicago-area, please contact me.)
     What's frustrating for me as a Mortgage Originator, is that myths continue to exist regarding down payments, credit scores, and "gift monies".  Myths that keep too many that want to buy from actively pursuing home ownership.  

     So I want to address only FACTS here:

     Fact:  I've closed many Mortgages that fly-in-the-face of these myths.  I've closed loans for Buyers with less-than-perfect credit.  With Credit Scores at the time of their Closing ... in the range of 580 to 640.  

     Fact:  I help those with Credit Scores below the range of immediately allowable lending, improve their Scores.  My advice and help is provided at no charge to the client.  Other LOs do much the same, but you rarely see or hear that reported by the media.  

     Fact:  Gift Monies have been involved in a large number of my closings.  I've written articles on this topic.  

     Fact:  Gift Monies ARE acceptable funds for down payments and closing costs, but there is a right way ... and a wrong way to utilize them and present them to an Underwriter.
     Fact:  The more quickly you educate yourself regarding the use of Gift Monies (and the entire Mortgage Process), the better. 

     Fact:  The selection of your Mortgage Originator is vitally important. Take the time.  Make the effort to find the best professional possible.

     Fact:  An experienced Mortgage Originator like myself, can interview a prospective Home Buyer, pull their credit, analyze their income and debt, and assess the likelihood of an Underwriting Approval, in most cases, in a reasonably quick timeframe.  

     Fact:  It's true when it's reported that Borrowers must be more educated and actively participate in their Mortgage Process more than they used to in the past.  

     Fact: The quality of the guidance being received via your Mortgage Originator (and real estate professionals) and the quality and level of communication you share with them ... can make or break your home buying/financing experience.  

     But remember, it's also a FACT that the responsibility to communicate and produce results rests on both sides of the transaction ... professional AND clients.

     Fact:  Quality information, guidance, and assistance exists if you truly hope to buy, whether your purchase is immediate or at some point in the future.  Again, the sooner you seek and find help, the more quickly and smoothly you'll be able to successfully purchase and finance your home.

      Think You Can't Buy a Home in Chicagoland?  10 Facts That May Change Your Mind ...   

     Whether you're a hopeful Buyer with less-than-perfect Credit Scores, a poor Credit History, low/no down payment, hoping to use gift monies, or have little or no understanding of the process ... it can all be overcome.  You just need some time and the right professional at your side assisting you.

     Contact me today ...

*  Hoping to Buy, Build, or Construct a home in the Chicagoland area?  Contact Me!  I'll put my 40+ years of Mortgage experience and expertise hard to work on your behalf.
     I'm easily found at:

Gene Mundt
Mortgage Originator  -  NMLS #216987  -  IL Lic. )031.0006220  -  WI #216987

American Portfolio Mortgage Corp.
NMLS #175656

Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281

  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   

 Trulia Acct. of Gene Mundt, Mortgage Lender   Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 
Gene Mundt, Mortgage Originator, an Originator with 40+ 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

Your Referrals are Greatly Appreciated!





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