Get Home Loan Approval During the Government Shutdown, Part 2

Ric Dizon bypasses government shutdown for mortgage fundingThe government shutdown is causing a lot of confusion among homebuyers who are wondering whether they can get home loan approval or how to even make mortgage funding possible.  Even though the FHA bureaucracy may be moving more slowly, Ric Dizon is on the job to get homebuyers the best rates possible for their home loans.

While other mortgage brokers are discouraging their customers about getting home loan approval from the FHA, I am prepared to do whatever is necessary for my clients to make mortgage funding possible.  Even with me on your side, there may be some cases where extra documentation is necessary, but we will get through it together.  It might even be the case, though this is probably rare, that home loan approval will only be possible after the government shutdown is over.  This will affect homebuyers who are working with lenders who obtain verified tax returns directly from the IRS.  This may not be possible until the government reopens, although other loans will still be able to fund under the FHA’s existing requirements.

The other issue that may affect FHA home loan approval is if the borrower’s name and Social Security number failing to pass validation with the Social Security Administration.  If the failure to obtain validation was due to the government shutdown, additional documentation can be submitted, so even this hurdle can be overcome.  If the FHA believes that the documentation complies with HUD’s regulations, the borrower can STILL get home loan approval.

Don’t get discouraged by the government shutdown!  Call me today and let my expertise,  hard work, and willing aloha spirit  make mortgage funding possible for you!

More information can be found in Part 1 of this series.

Get Home Loan Approval During the Government Shutdown

Ric Dizon bypasses government shutdown for home loan approvalWith the government shutdown, many homebuyers are wondering if it’s possible to get FHA home loan approval.  In the Aloha spirit, we’re able to give you some good news amid all the doom and gloom of the government shutdown.  Although the machinery of the FHA may be moving more slowly, I will not give up.  As my clients know, I always  go above, beyond, and around bureaucrats to make mortgage funding possible.  That’s because I know how important your home loan approval is.  I will do whatever is necessary to ensure that documents are secured and available so that your loan can close at the best rate.

It is true that the FHA is operating with a smaller staff than normal.  That means that more patience will be needed, as the processing for a home loan approval will be slower than normal.  The FHA will be able to endorse single family loans during the government shutdown, with the exception of Home Equity Conversion Mortgages (HECM) and Title I loans.

The government shutdown is presenting challenges for homebuyers and their agents.  However, if you need help with making mortgage funding possible, call me, Ric Dizon.  You’ll be amazed at what a little Aloha spirit and hard work can do when it comes to getting  home loan approval!

Don’t miss Part 2 of this series, where you’ll get even more information on how the government shutdown may affect your loan.

Home Loan Makes Small Down Payment Possible

Small Down Payment with Conventional 97 LoanA small down payment is possible with the Conventional 97 loan. The loan application requirements for those looking to get into a home with only a small down payment are really the same as any other home loan. The Conventional 97 program requires the basic items such as pay-stubs, W-2s, tax returns, and bank statements. There is no home buyer counseling required. Please also keep in mind that this option is only good for fixed rate mortgages, but feel free to choose from a 15 or 30 year loan duration for your small down payment loan.

There is also a credit score requirement. Applicants must have a credit score of 680 or better to be eligible for this program. If borrowers will be using a gift for any part of their down payment, then a credit score of 740 is required. The only exception is if the gift is helping with closing costs and the buyers are bringing 3% of their own money for the down payment, then a credit score of 680 is needed. Gifts may only come from relatives. Examples of such relatives are parents, children or other blood relatives, adopted members of the family, a fiancée, or domestic partner. Between your funds and perhaps a little help from a family member, obtaining a home loan with a small down payment can make your dreams of home ownership a reality.

Read more in the first part of this series, by clicking here.

Aloha Friday Brings Fun Near Your Long Beach Home

Aloha Friday Fun Starts With a Long Beach homeThis week’s Aloha Friday is here with some super fun events near your Long Beach home!

Any serious cycling race enthusiasts who live in Long Beach should come for the USA Cycling Elite Track National Championships.  Head over to the VELO Sports Center for racing on Friday, August 9th and Saturday August 10th.  Admission is only $10 per day, but you’ll be amazed at the speed you’ll see.  Click here to buy tickets.

The Long Beach Jazz Festival is happening this weekend at Rainbow Lagoon Park near your Long Beach home, too.  On Friday, August 9th, the gates open at 5 p.m., and the show goes from 7:30 to 10:30 p.m.  On Saturday, August 10th and Sunday, August 11th,  the gates open at 11 a.m.  Shows run all day,  from noon to 10:30 p.m.  Click here to see the full schedule and buy tickets.

For the most amazing family event (and one that will FILL you with Aloha spirit) come to the 81st Annual Great Sand Sculpture Contest.  It will be at Granada Beach on Saturday, August 10th and Sunday, August 11th, from 9 a.m. to 4 p.m.  There will also be food, live music, arts and crafts, vendor booths, and kids activities.  And, of course, amazing sand sculptures.  It’s a great beach tradition near your Long Beach home.  Click here to read more about it.

Hope you have a fantastic weekend enjoying these one-of-a-kind events that can only be found near your Long Beach home! If you happen to be looking for Long Beach real estate or need to find out how much of a home loan you can qualify for to start your home search, call me or click here. I’d love to help you out!

 

10 Ways to Reduce Stress and Increase Loan Approval For the House You Can Afford

Increase Loan Approval with Ric DizonWhen it comes to getting a home loan for the house you can afford, we all expect to have some obstacles. However, when you work with me, Ric Dizon, I make it as easy as possible. That’s just part of who I am and how I operate and honestly, I really DO want you to find the perfect rate for a house you can afford, so I do all I can to make it happen and increase your loan approval.

Top 10 Ways I Reduce Stress and Increase Loan Approval Rates?

1.  I ask you to fill out an EASY application (under 5 minutes) once.
2.  I evaluate all loan products and am a one-stop source for funding, whether you are refinancing or buying a new home.
3.  I assess your individual situation and recommend what’s best for you.
4.  I call and email you back (within 12 hours) and will answer your questions accurately.
5.  I am honest with you about your rates, fees, points and options. If I know a better program I will share it with you.
6.  I believe in solid timeframes. When I say your loan will fund, I mean it.
7.  I share my valued network of industry professionals with you if additional counseling is needed.
8.  I respect your comfort level – your security and savings are my goal. I listen to your needs and wants and determine ways to achieve them.
9.  I know the local community and LOVE Long Beach and can even help you in your Long Beach home search!
10.  I can refer you to other resources throughout the community and keep you posted on events even AFTER you have purchased the house you can afford.

Take a few minutes and fill out this home loan application now and you will be on your way to your house you can afford!