Saturday, September 25, 2010

Top 3 Ways To Buy Real Estate For Sale In Duvall, WA| Zero Down USDA, VA, & Homepath

Every two weeks I teach a first time homebuyer education class that is full of potential homebuyers and Realtors that are unaware of some of the most inexpensive, safe, and savvy loan programs that this fruitful market has to offer. As a mortgage advisor, I feel that it is my job to make sure that my homebuyers are clearly educated of both the homebuying process as well as the role duties of becomming homeowers. The three loan programs that I am discussing have some of the lowest default rates among today's home loan programs and provide savings in the "thousands" as compared to FHA and conventional financing.

I've put together a one-and-one-half minute video explaining the 3 loans programs, why I am a fan of them, and why I think that Duvall, Washington is a great place to call HOME. Below the video are links to all three of these great loan program for you to gather more information, and of course, please fee free to contact me directly with any questions!

The USDA Zero Down Loan Program for Duvall Real Estate

The VA Zero Down Loan Program For Duvall Residents

The Fannie Mae Homepath Mortgage Program for Duvall Real Estate

If you are considering buying a home, it is important that you are working with a professional Realtor that is well versed in each one these programs. If you live in Duval or are thinking about moving to Duvall, I feel very comfortable referring Duvall Real Estate Agents John and Sarah Payson with the Payson Group. They clearly understand the USDA, VA, and Homepath programs and do a brilliant job with their clients.

If you would like to talk with me so that I can explain either of these loan programs in further detail, I can be reached at:

Dan Keller - Seattle Mortgage Banker
(425) 350-7136 (available via text too)

Buy A Home In Duvall, WA With Zero Down| Duvall Homebuyers Eligible For USDA Home Loan

Did you know that Duvall, Washington is one of the fastest growing communities in the State of Washington? I sure didn't... As a Seattle area entrepreneur, I do know that Duvall is one of my favorite "rural" towns in the puget sound that still echos that hometown feeling of history and tradition. I grew up going to summer camp in the Carnation-Duvall area, and today, it's an honor and pleasure as a Bellevue FHA Mortgage Banker to assist families in purchasing homes in this fantastic community.

One of the little known benefits of buying real estate in Duvall, Wa is the fact that due to the "rural" location of Duvall, homes in the Duvall area qualify for the King County 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. However, the caveat is, the borrower must qualify under two main criteria:

(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 $97,000 annually.) You may want to refer to the USDA household income worksheet, but I recommend a 3-4 minute phone call me (see below) instead, as this process/worksheet can be ambiguous... USDA income qualifying guidelines

(2) Second, the borrower must purchase a home in a USDA-RD approved region. I have saved you the time verifying that as Duvall, Wa is a USDA-RD approved region. To see if homes outside of Duvall are USDA-RD eligible, type in the property address on the USDA region specific guidelines worksheet as you will get instant feedback.


Here are some additional benefits of the USDA-Rural Development Loan Program:
- No Down Payment Required
- No Monthly Private Mortgage Insurance
- 620 Minimum Credit Score Required (If your credit is below that, see Dan Keller to fix that)
- Flexible Debt-to-Income Requirements
- No Pre-Payment Penalties
- No "Strings Attached" or "Fine Print" Terms

As with anything you do when it comes to making a financial decision, I recommend that you are working with a Professional. From my experience, I highly recommend The Payson Group as Duvall USDA Real Estate Experts. John and Sarah Payson are veteran Realtors, they understand the King County USDA Loan Program, and most importantly, do a brilliant job serving their clients on the eastside.

If you have any questions on Duvall Real Estate, contact:
The Payson Group
(425) 281-5736

For more information on qualifying for a USDA Mortgage or talking about a Free Credit Analysis, contact:
Dan Keller, USDA/FHA Mortgage Banker
(425) 350-7136

Thursday, September 23, 2010

Fannie Mae Homepath Mortgage Lender Seattle, WA | Saves First Time Homebuyers Thousands

I am shocked how so few people know about this program. The FANNIE MAE Home Path Program is the least expensive mortgage program for Seattle area first time homebuyers that is available and since FANNIE MAE owns the home, they do not require an appraisal, another HUGE benefit.

Exclusive Seattle Fannie Mae Mortgage Lender Dan Keller is able to underwrite and fund FANNIE MAE mortgage loans in-house creating a smooth, quick loan process. I believe this program will help stabilize communities impacted by recent foreclosures by creating another option for homebuyers to achieve homeownership. The HomePath® Mortgage program is now available to my agents and buyers, and can provide up to 97% financing for qualified borrowers wanting to purchase an eligible Fannie Mae-owned property. Even investors and multiple home owners can use this program (investors only need to put down 10%, instead of 20%, plus there is no PMI...)!
ATTENTION REALTORS: From September 23, 2010 to December 31, 2010, the Fannie Mae Homepath Program is offering an additional $1,500 commission on top of your stated commission. Click Here to READ THE MEMO From Fannie Mae Homepath
Seattle HomePath Mortgage Program:
- Low down payment - up to 97% financing for primary residence and up to 90% for investment property
- No MI required; however specific MI adjusters apply
- Fixed rates, ARMs and Interest-Only payment feature available
- May be available to buyers with less-than-perfect credit
- Eligibility for high balance conventional loans
- Eligible properties include primary residences, second homes and investment properties
- Minimum credit score requirements are as follows:

- 660 required for Loan To Valaue > 80%
- 620 required for LTV <= 80%
-Down payment can be funded by a borrower’s own savings; a gift; a grant; or a
loan from a nonprofit organization, state or local government, or employer (very similar to FHA guidelines, but without the additional FHA MI costs...).
· Purchase transactions only
· No appraisal required

Ask me to compare the FANNIE MAE Home Path Program to a Seattle Area FHA home loan. And even if a HomePath loan isn’t right for you, our other products or programs may fit your needs. Let me know if you would like a side-by-side comparison. I'd be happy present that to you!

You can go to to search for directly for eligible Fannie Mae properties, or contact me directly and I can help!

Dan Keller
(425) 350-7136

Saturday, September 18, 2010

Zero Down Mortgage For First Time Homebuyers & Down Payment Assistance Mill Creek Real Estate

Are you a Seattle area First Time Homebuyer? 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 Everett, WA with Zero Down?
Yes, you can use the Everett 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 Everett 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. For now, you should check out this blog that Katherine Cannon, Mukilteo Real Estate Agent who publishes a blog every week for homebuyers called Deals for Reals where she showcases the top 5 deals in Snohomish County (typically under $200,000)with down payment, total monthly payment, and annual income needed to qualify for those respected homes...

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

Friday, September 17, 2010

Bellevue Real Estate For Sale Under $300,000 - First Time Homebuyer Tour With The Payson Group

Why Bellevue? What about Redmond or Renton? Last month at a conference in Bellevue at the Meydenbaurer Center, I had the great pleasure to meet John and Sarah Payson, two forward-thinking, tech-savvy Realtors that are contagiously-passionate about Bellevue Real Estate. After spending two days with them and getting introduced to their website and Living the Bellevue Life blog, not only was I convinced that my family and I are moving to Bellevue, but it was clear that they were experts in the Bellevue Real Estate market as well as the community they live.

As a Bellevue area mortgage banker, I respect the fact that the Payson's have "undressed" a long-time myth in the Puget Sound community that, "You cannot purchase a home in Belleuve under $300,000." Well, by clicking on the image/link above, you will see that you can buy a home in Bellevue for under $300,000. More importantly, there are down payment assitance programs available in Bellevue to purchase many of these homes for Zero Down (a first time homebuyer only program).

If you would like to learn anything about Living the Bellevue Life, you can contact the Payson Group (John or Sarah) at or directly at (425) 281-5736. Their website is

For more information on the Bellevue Zero Down Mortgage Program that I mentioned, I can be reached at or you may visit my Bellevue Down Payment Assistance Blog to gather more information on this great mortgage program.

I encourage you to Experience the Bellevue Life with the Payson Group. I have, and it was GREAT!

Wednesday, September 15, 2010

Mukilteo Real Estate - One Club House Lane Real Estate Tour With Agent Katherine Cannon

Over the past year, a real estate agent in Mukilteo has kind of caught my eye with some of the out-side-of-the-box marketing and blogging she is doing for her sellers and clients in Mukilteo. After digging a little deeper and researching the Mukilteo Real Estate market, I began to realize that not only is Katherine Cannon a brilliant realtor that sells homes in Mukilteo, she specializes specifically in marketing and selling One Club House Lane Real Estate. (Perhaps the fact that she lives in Mukilteo may contribte a bit to her passion for Mukilteo real estate, I'll leave that up to you to decide.)

It is rare to see an agent that not only specializes in a particular market niche, but has the content and community involvement that supports her title. Most agents say they are "Mukilteo area experts" or "Your Snohomish County Realtor". It's nice to see a real estate specialist dial-in on a small community vs an entire city or county. Because of this, Katherine has shown that she is an expert, in my opinion, in one of the finest communities in the Puget Sound and most definitely the most sought after community in Mukilteo.

It was a pleasure finally meeting up with one of Mukilteo's finest and if you are wondering, I am now fully aware of Katherine Cannon's reputation in the Mukilteo real estate community and I can tell you that she does a brilliant job serving her clients! If you would like more information on Katherine Cannon or Mukilteo Real Estate, she can be reached below.

Katherine Cannon
Realtor - Windermere Mukilteo
Phone: (425) 348-5960

Wednesday, September 1, 2010

Mill Creek FHA & VA Streamline Refinance Opportunity

With today's interest rates in the low 4's, many homeowners that have FHA and VA mortgages are able to take advantage of lowering their payment and interest rate saving them thousands of dollars over time. But, as I advise all of my home owners, you must evaluate the total cost of the refinance and actual savings to make sure that the "cost-to-benefit ratio makes sense. Well, with today's interest rates as low as they are, many of my home owners are opting for a slightly higher than "cost" rate to allow for the bank to pay all of their closing costs. This presents a unique opportunity for the homeowner to have "No Out-of-Pocket" costs in the refinance of their home loan. For example, as recently as today (Sept. 1, 2010) I was able to lock in a couple of handfuls of clients at 4.375% on a 30-yr fixed rate and the bank was able to cover my loan fee of $595 and all 3rd party closing costs, saving my clients, on average of $185/month (based on a $300,000 loan amount). A HUGE additional plus, NO APPRAISAL REQUIRED!!!

Take a couple of minutes to watch the 2 minute video that I put together that explains the qualifying criteria as well as the simple streamline process:

At Hometown Lending here in Silver Lake, we are a HUD endorsed lender with in-house underwriting. I am happy to provide you a FREE mortgage check-up and rate quote. Let me show you how at no cost, expense, or inconvenience to you, I can help you take advantage of a unique opportunity and save you thousands of dollars on your mortgage... In order to qualify, you must meet the following criteria:

-Have a FHA or VA mortgage
-Have a credit score of at least 620
-Have made at least 6 payments on your mortgage
-Must document income and employment
-Must be able to document assets for next mortgage payment

If you meet this criteria and would like to contact me to discuss locking in a low rate saving you money every month, I can be reached at (425) 350-7136 or via email at

Here is a list of items that I will need to process your FHA or VA Streamlines Refinance.
FHA/VA Streamline Checklist

Here is the secure online mortgage application link that I will ask you to complete.
Dan Keller Secure Online Mortgage Application

I look forward to talking with you soon:)