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?

CLICK HERE FOR ANSWERS TO THE ABOVE-MENTIONED QUESTIONS

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.

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 dankellermtg@gmail.com

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.

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: www.mymortgageguydan.com

Dan Keller
(425) 350-7136

http://twitter.com/dankellermtg

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:

www.2011HomeBuyerEd.com

Or you can call me directly at:
Dan Keller - (425) 350-7136

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 briddick.webb@exprealty.com

(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 dan.mortgageadvisor@gmail.com 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

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 www.mymortgageguydan.com

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 dan.mortgageadvisor@gmail.com 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 dan.mortgageadvisor@gmail.com 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 www.mymortgageguydan.com directly at 425 350-7136.

Marysville FHA Mortgage Lender | Four Ways To Buy A Home In Marysville, WA For Zero Down

With so many changes in the banking world, I figured it is about time for a brief blog updating my Realtors and consumers in my Marysville, WA Real Estate Market. Before we dive into taking a deeper look at the four main loan programs to buy real estate with less than $100 down, I want to discuss another growing concern: FHA Credit Score Requirements For First Time Homebuyers - and more specifically, what credit score is required to purchase a home in today's market.

Most banks (including mine) have what's referred to as "risk overlays" or in simple terms, their own separate qualifying guidelines. HUD governs FHA, VA, and Snohomish County USDA-Rural mortgage loan programs, and their minimum credit score requirements are 580. However, most banks (including mine) require a 620 credit score in order to obtain a mortgage. With that said, I want to make this clear - You Can Purchase A Home With Poor Credit. I have a team of credit repair specialists that work directly with me and my clients to help repair credit in usually 60 days or less. Click on the live link above for an example of how our system works, and if you have any questions, email me at http://www.blogger.com/dan.mortgageadvisor@gmail.com

With all of the negative press surrounding the banking industry and housing markets, many of the clients and real estate agents that I speak to are unaware of the great loan programs that are still available to help first time homebuyers purchase a home. There are four loan programs available for consumers that require as little as $100 down.

The House Key State Bond Zero Down Program - The Washington State Finance Commission offers a Washington Down Payment Assistance program for first time homebuyers. It is important to note that this program is simply an FHA 3.5% down loan in which House Key finances the down payment. The 2 main qualifying factors are: (1) you must be a first time homebuyer (and that means not owning a home in the past 3 years); and (2) there are income restrictions per county. Typically, it is real close to the USDA income eligibility guidelines with a cap around $97,000 household income. I would refer to the blog I wrote on the Snohomish County House Key State Bond Program.

The USDA-Rural Home Loan - or often referred to as the "farm loan". This is by far the most popular loan program I offer my first time homebuyers. It requires that the homebuyer meet two main criteria - (1) must not exceed an annual household income of $97,000; and (2) the home being purchased must be in a USDA Eligible Region. In North Snohomish County, that is referred to as East of Highway 9 and all areas north of 140th in Marysville. See the link above for the Eligibility Map. The USDA loan is a 30-yr fixed rate mortgage that requires ZERO Down and no monthly PMI making it one of the most least expensive loan programs available.

The VA Home Loan - this loan program requires that the borrower has served in the US military and has VA Eligibility. I recommend visiting a page that I created that breaks down the Seattle area VA home loan guidelines. This program too is a ZERO Down loan program that does not require monthly PMI. Furthermore, I am able to loan up to $481,000 with the Seattle VA Jumbo loan program.

HUD Owned $100 Down Program - this program is another great loan program where the borrower can purchase a home using FHA financing without having to put 3.5% down. The only caveat with this loan program is that the home must be a HUD or owned foreclosure. Search Marysville HUD Homes and make sure that your Real Estate Agent is an approved HUD agent. If you have questions on HUD financing, I'd be happy to answer those questions for you.

***BONUS*** Ok, so this isn't a ZERO DOWN loan program, but it's close, and it's HOT. The Marysville FANNIE MAE Homepath Program is a program similar to the HUD $100 down program. This program allows the borrower to purchase a FANNIE MAE bank owned home (or REO) for 3% down, no appraisal and no PMI. The borrower is allowed to get gift funds for the down payment then making it a Zero Down Loan Program.

I have attached links to each one of these programs to provide you with a bit more information that supported in this blog. As always, please feel free to contact me directly if you have any questions and I will be happy to explain or meet with you to discuss qualifying for one of these programs. Typically, each of these programs take anywhere from 2 weeks to 4 weeks to fund, so contrary to what you may read or hear, they are pretty simple turn-key loan programs for today's first time homebuyer.

Dan Keller - Marysville FHA Mortgage Banker
http://www.blogger.com/dan.mortgageadvisor@gmail.com
http://www.mymortgageguydan.com/
(425) 350-7136

Seattle FHA Jumbo Loan Limits | Seattle FHA Mortgage Lender Explains FHA Financing

Washington FHA Loans are available up to $567,500 with just 3.5% down payment in high cost counties. The FHA 2010 Loan Limit for Washington is up to $567,500. Seattle FHA Mortgages that exceed $417K up to $567,500 are referred to as FHA Jumbo or FHA High Balance loans. FHA Loan Limit Worksheet

Seattle FHA JUMBO Mortgage Guidelines
• FHA Home Loans require a 3.5% down payment
• The Washington FHA Loan Limit of $567,500 does not have to include the UFMIP
(FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
• FHA Loans allow non-occupying co-borrowers such as parents and siblings.
• The Seller can pay up to 3% of your closing and settlement costs
• The minimum score for most FHA Home Loans is 620 (even on FHA High balance or FHA Jumbo).
• You may receive a gift of funds for your down payment and closing costs
• FHA Condominium requirements include at least a 51% owner-occupancy ratio, no outstanding lawsuits against the Homeowners Association (condo guidelines have changed, so you may want to call me for details)
• I also offer FHA 203K Rehab and FHA 203K Streamline Rehab loans to purchase a distressed home that needs repairs

Below I've Outlined the Difference Between FHA and Fannie Mae Conventional Financing:

FHA
Loan Amount: $500,000
Down Payment: $17,500
Min. Credit Score: 620
Credit Score Used For Example: 700
Interest Rate: 4.625%
Monthly PMI: $362
Total Mortgage Payment: $3,335

FANNIE – Conventional
Loan Amount: $500,000
Down Payment: $50,000
Min. Credit Score: 700
Credit Score Used For Example: 700
Interest Rate: 4.875%
Monthly PMI: $431
Total Mortgage Payment: $3,280

As you can see with the breakdown above, the FHA scenario is much more “flexible” in regards to a lower down payment, lower credit score requirement, and lower interest rate. Please note that with a higher credit score, the Fannie Mae Conventional option may be a better fit as there are split-PMI options that make the conventional option less expensive. I recommend talking to me about scheduling a Mortgage Analysis to compare all options available per you specific credit application.

I can be reached at
Dan Keller, FHA Mortgage Banker
dan.mortgageadvisor@gmail.com
(425) 350-7136

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
dan.mortgageadvisor@gmail.com
(425) 350-7136 (available via text too)
http://www.mylenderdankeller.com/

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.

DUVALL USDA PROPERTY ELIGIBILITY LINK

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
http://www.thepaysongroup.com/
sarah@thepaysongroup.com
(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
http://www.mylenderdankeller.com/
dan.mortgageadvisor@gmail.com
(425) 350-7136

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 http://www.homepath.com to search for directly for eligible Fannie Mae properties, or contact me directly and I can help!

Dan Keller
dan.mortgageadvisor@gmail.com
(425) 350-7136

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 dan.mortgageadvisor@gmail.com or at (425) 350-7136

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 john@thepaysongroup.com or directly at (425) 281-5736. Their website is www.thepaysongroup.com

For more information on the Bellevue Zero Down Mortgage Program that I mentioned, I can be reached at dan.mortgageadvisor@gmail.com 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!

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
Email: kcannon@windermere.com
www.highheeledhomeowners.com

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 dan.mortgageadvisor@gmail.com

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:)
Dan

Seattle Area FHA Mortgage Streamline Refinance- No Cost, 4.375% 30-yr Fixed Rate

One of the GREAT perks of having a FHA or VA mortgage is that HUD allows for a streamline refinance if and when interest rates fall. I didn't expect rates to necessarily drop after funding mortgage loans over the past 2 years, but they have, and a unique opportunity has presented itself to you as a FHA or VA homeowner.

I am writing about this amazing opporunity for two reasons: (1) we are making history right now with these artificially low rates; and (2) i am seeing some of my clients save in upwards of $300/mo. by lowering their rate at no additional cost to them... The savings can be re-invested in your mortgage or put aside for a college fund, retirement.... you get the picture!

Here's How Easy It Is and Who Qualifies:
1. No appraisal is needed, so value doesn't matter in HUD's eyes.
2. No credit check is required (your credit will be pulled and your FHA/VA mortgage history will be evaluated only)
3. No debt to ratio limitations.
4. No additional COST to you the borrower.

Here's The Benefits:
I recommend that if you can save approximately .75% - 1% in rate, then it is a good idea to streamline refinance your mortgage. On average, by reducing your rate by 1%, you will save approx. $183/mo. and $2,200 per year (that is based on a $300,000 loan amount). More so, you will save even more over time... I will be able to show you more of the benefits and savings with a Pre-Mortgage Analysis and loan comparison worksheet.

Click Here ---> Download my Quick and Easy FHA/VA Streamline checklist.

After you download the checklist, visit my website and complete the 2-minute online FHA Streamline Mortgage Application (click on the secure online mortgage application in the middle of the page).

As always, please do not hesitate to contact me directly at (425) 350-7136 or via email at dan.mortgageadvisor@gmail.com if you may have any questions!

DON'T MISS OUT ON A GREAT OPPORTUNITY TO SAVE SOME MONEY

All the Best,
Dan

Lake Goodwin Real Estate For Sale Blog: Todd Duitsman Lake Goodwin Realtor

He's the "Green Sign Guy". Chances are, you've seen one of Todd's green signs around Snohomish County.... The are starting to reproduce like little Gremlins and that is a good thing for Todd Duitsman Lake Goodwin Real Estate Agent.

Over the past few months, I've had a chance to work on a few transactions with Lake Goodwin Real Estate Expert Todd Duitsman, and I can tell you first-hand that he is outside-of-the-box and more so, first-class. Some of the things he's done to keep transactions together or simply get them eligible to fund amazes me, that an agent would go that above and beyond to serve.

Prior to 2009, Todd was a custom home builder. He has been a builder/developer all of his working life. Unfortunately in 2008 when funding from the local banks dried up, Todd had to make a career decision. In my opinion, he couldn't have been more accurate in choosing Real Estate sales and marketing as his new career. You see, Todd understands the "nuts and bolts" of real estate, he's built, inspected, and repaired real estate for years. Combined with his "gazelle like intensity" to learn the marketing side of this business, he is winning, absolutely Crushing It in today's market. In July 2010, he was recognized in his office at Keller Williams Marysville (out of over 70 agents) as one of their Top 3 Agents. Here is an example of how Todd is using some of today's technology to market his listings - Todd Duitsman Marketing Book

Here is a listings of a Home For Sale Lake Goodwin Community that Todd is featuring right now. As you will see, Todd sells real estate all over Snohomish County. However, over the last 20 years, he has lived and built all over the Seven Lakes/Lake Goodwin communities and is respected an a Real Estate expert in this community. For more information on Lake Goodwin Real Estate you can visist his Lake Goodwin Real Estate Blog.

I encourage you to check out his blog and contact Todd Duitsman if you have any questions!

Todd Duitsman

todd.tbi@gmail.com

(425) 343-5040

Washington State House Key Homebuyer Education Class June 18, 2011

Set your calendars for Saturday, June 18th. Dan Keller, Seattle Area Mortgage Advisor is hosting a Homebuyer Education Class sponsored by the Washington State House Key State Bond Program.

Each student will leave the course as a certified House Key Homebuyer, and will be eligble to use the Washington State House Key State Bond Program to assist with their down payment and/or closing costs. More so, House Key has a few new programs that homebuyers can look into. For example, the A New Home For You Program is a fixed rate, 30-year loan program specific for purchasing Marysville new construction. A great loan program and option as we continue to see new homes being built in the Everett area.

Each student that attends Dan Keller's House Key State Bond Homebuyer Education Seminar will get a FREE Pre-Mortgage Credit Analysis as well as a complimentary lunch.

For more information on registering for a FREE House Key Course with Dan Keller, please e-mail Dan at dan.mortgageadvisor@gmail.com

REGISTER NOW - June 18th 2011

email Dan at: dan.mortgageadvisor@gmail.com

Mill Lane Townhome For Sale, Mill Creek, WA - 2 Bedroom Rambler Style Townhome

This is an amazing opportunity to own a unique rambler-style townhome in the cozy, peaceful Mill Creek golf course community of Mill Lane. Dan Keller, Mill Creek Mortgage Advisor and Lori Brandel, veteran Mill Creek Realtor proudly showcase this beautiful home. You will not find another home on the market like this Mill Lane Townhome For Sale in Mill Creek, WA.

Please note: This home is NOT a short-sale. This beautiful home and community is detailed on the LIVE slide show link below. This condominium project is FHA approved and you may qualify to purchase this home using the Zero Down House Key State Bond first time home buyer program. Contact House Key Approved Lender Dan Keller for more information. This community is worth the vistit exploring. You will not be dissapointed! Great neighbors, great community, great schools, and convenient to I-5 and all ammenties.