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Chereen Taylor's Answers

can i do HARP with a VA loan?
HI,Currently Harp is not available for VA loans. VA does have a streamline refinance process where you do not need an appraisal done, but you would have to bring the money to closing for closing costs and prepaids, or take an interest rate that would cover those costs for you.
best loan scenario for bad credit?
It would be hard to determine what options you have without seeing your credit history first. We do have a program that will allow 580 as a minimum credit score, but certain criteria has to be met.
About how much do I need to put down on a property I intend to rent out
There is a conventional renovation mortgage called Fannie Mae Homestyle. It requires 20% down on single family homes and 25% down on 2-4 unit properties if they are going to be investment properties. The downpayment is based off the purchase price plus repairs. "203K" is an FHA renovation program that...
An elderly couple the money you borrow on the equity of your home in a reverse mortgage count as income for Homestead credit?
The money received from a reverse mortgage does not need to be reported as income on your tax returns because it is a loan. It is recommended that you have a professional prepare your taxes so everything is done properly.
likelihood of getting a mortgage with a credit score of 600?
We can look at FHA financing with a credit score as low as 580. There may also be opportunites for you to increase your credit score in a short period of time that we can take a look at as well.
loan for adding handicap accessibility?
A reverse mortgage is an option. There are not really any income restrictions on that type of loan. You may also want to consider a cash out refinance or a home equity loan or line of credit. You should speak with someone so that you can go over all your available options.
ca i qualify for a no money down usda mortgage with a 695 credit score?
Yes, A 695 credit score would meet the requirements for a USDA loan. There are also property and income limits as well as other requirements that must be met in order to qualify. Please feel free to call me at 414-935-4164 to discuss.

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