MORTGAGE INFORMATION      My Promise To You ... "From the loan application to the day of closing, your complete  satisfaction in the quality of service and efficiency of the transaction is my #1 goal. It’s very important to me to take the time to make sure that my clients totally understand all of their options and have made informed decisions.  At Community, we shop the market for you, and offer a vast array of products available for each client’s individual needs. From A+ to less than perfect credit, we have the  most competitive products, and I make every effort possible to provide personable service. My clients are important to me! Feel free to contact me for an appointment to discuss all of your options. I will be happy to provide several Good Faith Estimates comparing the different choices available to you. The Good Faith Estimate shows you a breakdown of the financial transaction. If you would prefer, you may save time by applying via phone, on-line, or by fax.  I can fax or email you the Good Faith Estimates.  Most Pre-Approvals can be achieved within 24 hours! When you find your dream home,  I also provide another Good Faith Estimate based on that property and a Pre-Approval letter based on your offer.  This information will assist  you in  deciding the appropriate terms of your offer based on the loan product that you have chosen.  This enables your Realtor to negotiate in your  best interest!  If you're looking to refinance, we offer a hassle free program that is very competitive.  I also provide credit counseling for those who aren’t quite ready to purchase and Rapid Resolve© for clients who need a fast resolution to credit issues. And remember, a referral is the greatest compliment one can give! I look forward to the opportunity to earn your business.  I pride myself in availability to my clients … contact me anytime!"                                                                                                                 Home Buying Basics ...                             If you have purchased a home before you may be familiar with the process. If you are a first time homebuyer, the experience can seem confusing, frustrating, and intrusive.  Many people don't realize that ALL mortgage lenders are supposed to follow the identical rules - those established by the Department of Housing and Urban Development, Department of Veterans Affairs, and the Federal National Mortgage Association ... better known as FHA, VA, or Fannie Mae.  These loan products are still the most established and reliable products on the market today.  I offer experienced guidance for my clients through each loan in order to make the best choice for their individual needs. The right choice can save you thousands of dollars over the life of the loan or the wrong choice could be equally as costly. During the past several years the mortgage market relaxed their restrictions by making loans in the Non-Conforming market, which is not a part of the above mentioned lending institutions.  Many lenders became quite creative. This approach to lending without proper restrictions worked for some buyers and was a negative to others.  The mortgage and housing industry as a whole has suffered due to loans that are not being repaid and an over supply of homes.  The GOOD NEWS is that there are many GREAT bargains available for qualified buyers and the financial  guidelines within the Conforming Market are changing rapidly to improve the market conditions.   FHA loans throughout their existence have remained  the most reliable, fixed rate loan product  with reasonable qualifying guidelines structured for the average home buyer. At this time, the maximum loan limit is $271,050.00.  Congress is presently working towards increasing the loan limit  and relaxing the present guidelines even more.  Stay tuned ... I will keep you posted!   The basic FHA loan program only requires a 3% down payment.  For those who qualify, there are additional FHA approved down payment assistance programs.  THDA, Shelby County DPA, City of Memphis DPA, Nehemiah, MS Bond Program, and other non-profit organizations can pay most or all of your 3% down payment, pre-pays, and closing costs.    * This means that 100% FHA financing is available, if you qualify and your Realtor is able to negotiate these terms with the Seller.      What I Need From You ...    Call, Email, or simply click the APPLY NOW button to the left for an easy application. There is no obligation, no costs, and just good information about home financing.  LET'S EXPLORE THE POSSIBILITIES! Keep the process moving by providing the required documentation  from the list below, as soon as reasonably possible. The sooner all documents are in ... the sooner we can give you a final answer.   Then you can concentrate on the process of finding your dream home. *Click on Documents Needed. Making sure you are pre-approved prior to selecting your home will save you time and possibly the disappointment of finding out that you are looking in the wrong price range for your budget. Also, your offer needs to be written and negotiated based on the type of loan that best fits your needs.  *Best of all, is that having a Pre-Approval Letter endorsed by Community Mortgage will increase your negotiating capability because of our established reputation in the Mid-South market. Credit Repair ... Your credit score is based on your payment history, your balance on each account vs. your credit limit on each account, and the number of inquiries made on your credit report. If you have a high credit score, you generally have no problem obtaining a home loan at the lowest rates. On the other hand, having a low credit score may still allow you to purchase a home, but often will involve finding a special loan program at a slightly higher rate. This is why having a knowledgeable lender is so very important. Being one of the largest mortgage companies in the Mid-South, Community Mortgage has access to many loan programs that are designed to help buyers with credit score issues. In many cases, we have been able to correct or repair credit scores. Sometimes only time and an aggressive credit repair plan can resolve the situation.  I will help you formulate that plan. Together we can make it happen! *At Community Mortgage we offer Rapid Resolve© for fast resolution of credit challenges. * All information deemed correct, but not warranted.