Kevin Warren
Company:
McLean Mortgage Corporation
E-mail:
Contact Kevin Warren (McLean Mortgage Corporation)
Website:
http://www.kcwarren.net
Cell Phone:
(757) 237-4920
About Us:
As a Senior Loan Officer at Mclean Mortgage Corporation, my main priority is providing personalized, friendly, customer service to my customers. I carefully select the best loan options to present each client from an inventory of more than 300 home loan products. I will find you the best loan program for your family's needs now and in the coming future. I am proud to be a loan officer for MClean Lending Corporation, and I look forward to fulfilling your home financing needs. I want to be your personal mortgage consultant for life.
Home Loan Down Payments
When obtaining a home loan or mortgage, most loans require a down payment-
FHA requires 3.5% down
VHDA is a state program that allows you to finance the 3.5% down payment for FHA loans
VA loans (military members) have a $0 down payment requirement
Conventional loans usually requires 20% down
Investment property loans require 20% at least down
Sources for down payments:
Checking/Savings account
401k loans
Vehicle equity loans
Other property equity loans (jewelry, art, etc.)
***Not allowed from unsecured funds- credit cards, unsecured/signature loans
Gifts from Churches / Non-profit organizations / Employers
Gifts or loans from family members
Interest Abatement Features:
If a Seller is willing to give maximun Closing Cost Assistance, it should cover all closing costs and pay the first 6 months of interest on the mortgage payment. This allows you to build your savings back up, or repay car, 401k, or family loans.
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