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Have Credit Challenges? Don't Sell Yourself Short. Mortgage Options May be Available

Have Credit Challenges?
Don't Sell Yourself Short  
 Mortgage Options May be Available


     FACT:  Just because you faced credit issues in the past, doesn't mean you can't obtain an Approval on a home loan today ...


     I, (via, American Portfolio Mortgage Corp.) have an FHA loan option available for you if: 

  • 2 of the 3 credit scores on a mortgage credit report pull are 580 or higher.  
     
     Other positive factors must exist within your credit history ... and additional compensating factors must also be present when these lower credit scores are reported.

  • Employment history 
  • Reasonable debt 
  • Stable income 
  • Down payment of 3.5% (minimum
  • Reserves (money retained after Closing) ...
     
     Each of the above is a factor that could make a difference to an Underwriter when reviewing your file.  

     Also be aware:  Within my FHA option, your Down Payment can be in the form of Gift monies.       

     So, if you fill most of the criteria above, or aren't sure where you stand ... contact me. Be pre-approved.  That way, you have the facts regarding financing options available to you.     

     My goal as a Mortgage Originator is to assist those that are dreaming of becoming Homeowners.  Right now, way too many incorrectly assume they can't qualify for home loan financing.  Not true ...  

     Through this FHA mortgage option, the dream of home ownership can become reality.  Many I've spoken to have found that the Requirements demanded by this FHA loan program make home ownership possible and within their reach.

     In addition, many former Renters found that their monthly mortgage payment is less than their monthly rent was.  You owe it to yourself to see if that would be true for you too.

     Get the facts.  Only then will you have a complete understanding of the options available to you and be capable of making sound financial decisions.  Decisions that will prove beneficial to you both in the short term ... and long term.




     * Hoping to buy a home in Chicagoland, Illinois, or Wisconsin? Have concerns regarding your credit history or Credit Report? Contact me today. I'll put my 40+ years of mortgage experience and expertise hard to work on your behalf.

     I can be easily found at:

Gene Mundt
NMLS #216987 - IL Lic. #031.0006220 - WI Licensed

American Portfolio Mortgage Corp.
NMLS #175656


Direct: 815.524.2280
Cell/Text: 708.921.6331
eFax: 1.815.524.2281
 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   
    Zillow 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 and Wisconsin.  

Your Referrals are Greatly Appreciated!


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