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James Macon's Answers

Can i refinance my 2nd home if i plan to rent it out?
Hi Mikey,Excellent question, and both options are possible. Based off of what you have indicated, It sounds like you would be better off refinancing your your primary home and using that equity though. To refinance the 2nd home, underwriters will question whether this is a second home or an...
Do we have to sell our existing home before buying the new?
It's a matter of timing. If you currently have a mortgage and are looking to purchase a new home, your Loan Officer can omit your current mortgage from your debt to income ratio, and use the asset's of the pending sale towards the purchase of your new home. This will require that you sell your current home...
possible to get usda loan with 612 credit score?
We have lenders that will underwrite USDA loans at 620. Per USDA requirements though, please see below. "Applicants must have a credit history that indicates a reasonable ability and willingness to meet obligations as they become due. A credit history reflecting any or all of the following is...
are there loan programs for manufactured homes?
Hi there. Like others have said, you'll want to know the year it was built. Manufactured homes are underwritten slightly different, so the process can be a little trickier. We have a couple lenders that will do them, including loans on new manufactured.

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