Sunday, July 17, 2011

Marysville Meadows Offers Washington USDA Home Loan for Zero Down Financing

As a Washington State USDA Mortgage Writer and Loan Officer, I am seeing a lot of homes in Snohomish County being sold with USDA Financing, but more specifically, homes are selling fast and oftern in the Marysville Meadows in North Marysville with the Washington State USDA Home Loan as the preferred financing option.

Washington State USDA Home Loan

The Washington State USDA Home Loan does have a few restrictions. Below, I address common mistakes that I see other loan officers and realtors make with their clients as it relates to getting approved for a USDA Home Loan.

There are a couple important things to consider as a first time homebuyer as you begin gathering information on buying a home:

(1) Does it make more sense to Rent or Buy right now (CLICK HERE FOR EXAMPLE)

(2) Do I even qualify for the Washington State USDA Home Loan
- annual household income restictions
- property eligibility guidelines
- is my credit good enough?
- what is the total monthly payment?


I have put together this website for you to see the True Value in purchasing a home in the Marysville Meadows. Click on the link below...

The Washington State USDA Home Loan Program is changing it's guidelines on October 1, 2011. Please click here - WASHINGTON STATE USDA GUIDELINES - OCTOBER 2011 for more information.

You can also contact me directly at (425) 350-7136 if you have any questions on qualifying for the USDA Home Loan or would like more information on buying a new home in the Meadows. Please contact me for more information on how Dan Keller and the Marysville Meadows can help pay all of your closing costs making this a TRUE Zero Down Home Loan Program!

Click on the link below for your Marysville Meadows USDA Homebuyer's Packet and a special Mortgage Discount for Marysville Meadows buyers.

Example of Total Monthly Payment Breakdown for the Marysville Meadows Home Above:

Contact me directly for more information to see if you qualify for a USDA Home Loan in Marysville and see how I am helping my clients pay off their debt and mortgage in 10 years or less. I can be reached directly at (425) 350-7136 or you can message me below.

Monday, June 13, 2011

Washington USDA Home Loans | Zero Down Loan Program Lake Stevens, WA

This blog post is a result of me funding six out of my last ten Washington USDA Home Loans in Lake Stevens, WA. Between the attractive foreclosure and short sale homes for sale in Lake Stevens, and the Zero Down Marysville Meadows New Construction, the USDA loan program is running a tight race with Seattle FHA Financing and currently out-performing the Washington State House Key Program.

Why Washington USDA Home Loans are so popular for first time homebuyers:
(1) Allows for Zero Down Payment
(2) Does not require private mortgage insurance (PMI)
(3) Offers extremely competitive 30-year fixed rates - ask Dan for a FREE USDA Rate Quote
(4) Allows for the seller to contribute up to 6% toward closing costs/buy down points
(5) Great for financing Marysville New Construction and/or Washington Foreclosures
(6) Requires a min credit score of only 640

There are 2 main qualifying factors:
(1) The property has to be located in a USDA eligible region; and
(2) The total household income must be under a certain gross amount (see below)

Below I have provided a link and short video that will allow you to search a property address to determine if the property is USDA eligible. A general rule of thumb to consider: If the home is located on the East side of hwy 9 and north of 141st in Marysville (the Marysville Meadows New Construction) , it is eligible for USDA financing.

Is This Property USDA Rural Development Eligible?
Click here to enter a property address or watch the short video below for instructions

For additional information on Washington USDA Home Loan Household Max Income Requirements, click on the link below:

USDA Max Household Income Requirements

If you found this article valuable and would like more information on the Washington USDA Home Loan Program, you can contact me directly at (425) 350-7136 or email me at

Click below if you would like a FREE USDA Interest Rate Quote, FREE USDA Mortgage Pre-Approval or more information on the income and property eligibility guidelines.

Saturday, November 20, 2010

Marysville New Construction | Marysville Meadows New Homes With USDA Zero Down Financing

There is a fine line in Marysville, WA where homes are eligible for the USDA Rural Development Zero Down Loan Program, and where they are not. That line is near 140th and 51st (Shoultes Rd.) in Marysville, and local home builder Encore Homes was able to build on the "eligible" side of that line.

Another perk of being able to purchase a home in this 280+ home community is the mortgage payment. Relative to the list price ($162,900 - $207,000), the total mortgage payment is less than comparative rents for local 3 and 4 bedroom homes. Combined with the tax benefits of home ownership, it makes buying a home in the Marysville Meadows a sound financial decision if you see yourself staying in this home for the next 5-7 years.

See it for yourself, I have computed a Rent vs Own Analysis on a $200,000 home mortgage with a comparable rent. In this article, you will be able to compare the savings - Should I rent or Purchase A Home? After you read this short article, you can compare the total monthly payment on the Meadows Financing Breakdown. In addition to providing a discount of $500 toward your loan or closing costs, I am reaching out to first-time home buyers and offering a FREE Homebuyer Class at the Tulalip Casino & Resort.

If you may have any questions on buying at the Meadows, please feel free to contact me directly, and I will be happy to answer any questions that you may have in helping you get approved to purchase a home using the Washington USDA Home Loan Program.

Get Your FREE USDA Pre-Approved here:

Dan Keller
(425) 350-7136

House Key State Bond Home Buyer Seminar | Tulalip Casino & Resort Marysville, WA

The Premier FREE House Key State Bond Class Event in the NW!

Join us for our next House Key Home Buyer Education Class at the New Tulalip Casino & Resort on Saturday, June 18th at 10am. This class is sure to fill up fast! By attending the class, you will learn how to carefully navigate through the home buying process so that you can negotiate the best price and receive the best rate as you purchase your next home. You will also receive a certificate from the Washington State Finance Commission for up to $10,000 to be used toward your down payment on a home.

If you are thinking of buying a home in 2011, you won't want to miss what our brilliant panel of speakers are going to present.

The following professionals will share insider TIPS to buying a home in 2011:

(1) A Home Inspector
(2) A Buyer's Agent (Realtor)
(3) A Builder
(4) A Government (FHA, VA, and USDA) Mortgage Professional
(5) A FHA Underwriter from Bank of America
(6) A Title and Escrow Agent

As well, each attendee will receive a Home Buyer Concierge Pack that will include a Home Buyer Handbook, a Relocation Packet that includes discount vouchers to be used at Lowes, local business such as carpet cleaners, dry cleaning, health and fitness centers, day care centers, coffee and espresso bars, and more...

For more information or to register, you can go to: Or you can call me directly at:
Dan Keller - (425) 350-7136

Friday, October 22, 2010

Bellingham USDA Zero Down Home Loan | Helping Whatcom County First Time Homebuyers

One of the little known benefits of buying real estate in Whatcom County is the fact that due to the "rural" location of Bellingham and the surrounding cities, homes in the Whatcom County qualify for the USDA-Rural Development Zero Down Home Loan Program. That means that under the guidelines of this state-backed mortgage program, the borrower is not required to make a down payment nor are they required to have a monthly private mortgage insurance premium.

On a $250,000 home, the savings is two-fold: First, borrowers saves $8,750 in respect to the required FHA down payment (3.5%) and two, borrowers save $183/month in PMI (private mortgage insurance). These two savings make this program a “big win” for first time homebuyers helping them qualify for more home for less money.

There are however three main pre-requisites for qualifying for this program: (1) Borrowers must qualify under the maximum household income cap; (2) The home must be located in a USDA eligible region; and (3) The borrower(s) must have over a 620 credit score (please see Dan Keller, Bellingham USDA Mortgage Banker for information on credit qualifying guidelines and credit repair).

(1) The borrower must not exceed the annual household income requirements (ex. a family of 1-4 must not exceed a household income greater than $74,050 annually.) You may want to refer to the USDA household income worksheet, but I recommend a 3-4 minute phone call to discuss your ‘total household income’ under USDA guidelines.

(2) Second, the borrower must purchase a home in a USDA-RD approved region. In the map below, in the dark orange, you will find the ONLY areas in Whatcom County that are NOT USDA eligible. I have provided a link where you can by-pass the map and type in the physical address to get instant verification – CLICK HERE to verify a USDA eligible address. I always recommend that my clients work with a Realtor that understands the USDA Rural Development Program. From helping you find and locate a USDA eligible home, to understanding the funding and closing process, it is crucial that your Realtor understands this program. There is a Bellingham USDA Real Estate Agent that personally know does a brilliant job serving their USDA customers. His name is Briddick Webb with EXP Realty and he can be reached directly at (360) 920-1218 or

(Please Note: First you need to click “accept” on the USDA page to proceed.)

(3) USDA Credit Score Guidelines. The USDA program is about as “flexible” as any loan program available today. In some cases, borrowers may even qualify with collections, a recent bankruptcy, or no credit history at all. However, in any of those cases, I highly recommend a strong approach to repair and/or build a more stable credit history.

If you are interested, I offer all of my clients a FREE, no obligation pre-mortgage credit analysis to address a clear game-plan for establishing A+ credit and detailing the home buying process.

As always, if you have any questions, please feel free to contact me directly at or directly at (425) 350-7136.

Some Related Blog Posts You May Enjoy:

Is Now A Good Time To Buy Or Should I Rent?

FHA 203k Rehab Loan - Get Up to $35,000 From The Bank To Buy A "Fixer"

Four Ways To Buy With Zero Down

House Key State Bond - Homebuyer Education: How To Get $10,000 Toward Down Payment

Friday, October 8, 2010

Stanwood USDA Rural Development | Buying A Home In Stanwood For Zero Down

Are you a thinking about buying a home in Stanwood? If you are, what are the top three questions you have about buying a home right now? Actually, let me guess: (1) Is my credit score good enough to qualify to purchase? (2) How much money do we need to put down in order to qualify for a mortgage and are there any Zero Down Mortgage Programs available in the Seattle area? (3) What do I qualify for, I heard I only need to make $40,000 to buy a $200,000 home?

All of these questions are very good questions and will be answered below. Cutting to the chase, if you have a consistent 2-year employment history, meaning, if you've worked in the same line of work and can document your income via tax returns, W-2's and college transcripts (if you spent time in college, that counts as viable work experience) then you most likely qualify for a home mortgage. The reason why I am not too concerned with your minimum credit score to qualify for a FHA, VA, or USDA mortgage is because I can build or fix credit in a short time... So, here are the answers to those BIG questions:

(1) Is my credit good enough to purchase a home with zero down?
You need a minimum credit score of 620 (possibly 580 on certain programs). Regardless of how low your score is, I have a special credit repair program for Seattle area home buyers, so don't let a past mistake detour you from making a great financial investment today...

(2) Can I buy a home in Stanwood, WA with Zero Down?
Yes, you can use the Stanwood USDA Rural Development Home Loan Program if you are buying a home east of highway 9 or north of 140th in Marysville. You can also use the Stanwood VA home loan. You must have served or are currently serving in the military and provide a VA Certificate of Eligibility and DD214. Lastly, you can use the Washington State House Key State Bond Loan Program that offers the only true zero down option for first time homebuyers. This program requires you to attend a 5-hour homebuyer education course in Everett, WA with Dan Keller, House Key Approved Mortgage Lender. In return, you get a state bond down payment assistance certificate for up to $10,000 to use toward your down payment, closing costs or buy down points.

(3) How much do I qualify for?
With this question, I typically refer you to call me, and within 5 minutes, I can Pre-Qualify you for a mortgage and give you an exact estimate that you qualify for with corresponding total monthly payment figures. You can request information directly from me by visiting

Below are two additional questions that surface daily...

(4) What are closing costs, and can we get the seller to pay our closing costs for us?
Closing costs are the sum of all cost associated with the mortgage process - bank and loan fees, title and escrow fees, and pre-paid and reserve fees required by the bank if you putting down less than 20% to cover property taxes and home owner's insurance so that in the event the borrowers ever default, the mortgage lender's security interest in the home is protected. Closing cost are typically estimated at 3% of the loan amount, and YES, nearly 100% of the time with my first time homebuyers we get the seller (or in the event the home we are buying is a foreclosure or short sale) bank to pay the borrower's closing costs.

(5) Can I get a great deal and buy a foreclosure short sale?
Yes. About 80% of the mortgage loans I write today are on foreclosures homes and short sales. You don't need to go to the court house and pay all cash for the home, nor do you need a special lawyer to buy these homes. Your full-time local Realtor that specializes in working with homebuyers should be able to advise you accordingly.

If you would like to discuss the Pre-Approval process for one of these great loan programs, I can be reached directly at or at (425) 350-7136

Everett FHA 203k Rehab Mortgage Program | How To Buy REO's In Bellevue, Seattle & Everett, WA

The FHA 203k Rehabilitation Loan is growing in popularity in the Seattle area as more REO's (bank owned), short sales, and older homes hit the market. The reason for demand of this loan program is mostly due to the inability (or unwillingness) of the seller, and in most cases that is the "bank" to pay for any repairs to distressed properties. Many REO or short sale listings today require special attention to deferred maintenance or repairs neglected by the seller or damages caused by the seller.

Recently I have been involved in 3 transactions that required repairs that exceeded my borrower's budget for the downpayment. The main purpose for writing this blog is two-fold:

(1) All 3 clients met with other realtors and loan officers that either tried to steer them in another direction, away from using the 203k loan, and even buying the one home they wanted to purchase. They were referred to me bacause of my knowledge, confidence and ability to fund these tough, but valuable mortgage loans.

(2) The other reason for writing this blog to to assist in building back some of our local communities by educating consumers, asset managers, realtors and banks of the power of this loan program.

The qualifying guidelines for this program fall under standard FHA Mortgage Guidelines:
- 620 min. Credit Score (Contact Dan Keller for 30-day Credit Repair)
- 3.5% Down Payment
- no debt-to-income restrictions, subject to AUS Findings
- down payment can be gifted from family, employer or non-profit organization
- non-occupying co-borrowers are allowed (a non-occupying co-signer)
- closing FHA 203k Rehab loans in 45 days or less!

The Seattle FHA 203k Rehabilitation Loan has two special program designed to help buyers:
1. The FHA 203k Rehab Streamline Program - this program allows for up to $35,000 in repairs to be done on the property and only 3.5% down, with min 620 fico score.
2. The FHA 203k Full Program - this program allows for total renovations and fall under regional FHA loan limits (King County $567,500). Please refer to the Powerpoint presentation on my Seattle FHA 203k Mortgage Website for more detailed information.

The FHA 203k loan program is basically a glorified home imprvement loan that is tied into one loan and a low, 30-yr fixed rate.
Some examples of repairs that are allowed are:
- Appliances
- Gutters, roof and down spouts
- Paint, and lead-based paint removal
- Flooring repairs
- Weatherizing, window, heating, plumbing, electrical...
- Additions and tear down of non-permitted work
... and so much more, please see the powerpoint presentation I have attached on my FHA 203k Website.

If you are a Realtor and are interested in better understanding the FHA 203k Rehab Program, please contact me directly at and I will be happy to share with you everything you need to know to be prepared to market and offer this product to your clients.

If you are a homebuyer interested in using the FHA 203k Rehab program to buy your home and working with a local mortgage bank that specializes in FHA 203k mortgages, please contact me at directly at 425 350-7136.