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