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Mortgage Rate Predictions

Nov 20, 2017 3:57PM PST

Rate Update 11/20/2017 : As is standard with the bond market conditions we see Thanksgiving week, mortgage rates have crept up slightly. Because bond markets trend under mortgage rates, traders and mortgage lenders expect a standard level of participation. However, during major holiday weeks, this participation decreases quite a bit. The remaining players in the market typically behave more conservatively; including lenders not getting too aggressive with pricing and interest rates staying within the recent boundaries. Needless to say, this Thanksgiving week will either be uneventful or dead. Mortgage banks and bond markets are closed Thursday (Thanksgiving Day) and Friday is a half-day, leaving many lenders to republish the rate sheet from the Wednesday prior to Thanksgiving. If your... More

Displaying rates for Mortgage Refinance in VA for $200,000

4.325%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated November 21, 2017
  • A+ Rating with the Better Business Bureau

3.879%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated November 21, 2017
  • Save when you borrow from PenFed!

3.875%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated November 21, 2017
  • Home purchase and refinance lending experts. Call us now!
  • Great rates, experienced staff & exceptional service is the standard.
  • 100+ year old, FDIC insured bank, publically traded on the NYSE.

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated November 21, 2017
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated November 21, 2017
  • Get a free and no obligation rate quote in Virginia.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.273%

APR
30 Year Fixed
4.180% Rate $976/mo
  • Updated November 21, 2017
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
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James Brooks
By James Brooks The bond market is down 1/32 (2.37%), but we still should see a slight improvement in Raleigh area mortgage pricing due to strength late yesterday. This first of today's economic releases was the 3rd Quarter Employment Cost Index (ECI) at 8:30 AM ET. It showed a 0.7% increase, exceeding forecasts of 0.6% rise. This means employer costs for wages and benefits rose slightly more than expected during the July - September months....
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Mark Hemingway
Home price gains remained solid in August due in part to low mortgage rates and an improving economy. The S&P/Case-Shiller 20-City Home Price Index rose 5.9% year over year, in line with estimates. David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said, "Home price increases appear to be unstoppable." On a national basis, home prices rose 6.1% from August 2016 to August 2017, up from 5.9% in...
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Chris
The checklist to buy a home could go on for a long, long while. From finally locating the right home to employing the services of a home inspector, the to-do list may at times seem never-ending. There is one part of the home buying process that's frequently confusing as well as being overlooked: closing costs. These are a part of every real estate transaction and prospective home buyers need to know precisely what these costs are made up of...
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Katie Agner
Looking to lower your current payment or shorten your term? Refinancing can help homeowners in more than one way. To be fully prepared, read below three things to do before starting the process of refinancing your property. 1. Clean up your credit You are going to want to prove that you are credit-worthy before applying to refinance. In recent years, lenders have gotten more demanding with higher credit standards. Try Experian, Transunion, or...
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James Brooks
By James Brooks The bond market is down 17/32 (2.38%), which should push Raleigh area mortgage rates higher by approximately .250 of a discount point. September's Existing Home Sales data was posted at 10:00 AM ET this morning. The National Association of Realtors announced that home resales rose 0.7% last month when analysts were expecting to see a decline. This indicates that the housing sector was stronger than thought, making the data...
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Mark Hemingway
The National Association of REALTORS(R) reported on Friday that low inventories coupled with rising prices capped sales of existing or previously owned homes in September. Existing Home Sales rose modestly by 0.7% from August to September to an annual rate of 5.39 million units, above the 5.29 million expected. The rise comes after three straight months of declines. From September 2016 to September 2017, sales were down 1.5%. Month-over-month,...
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Joe Metzler, MLO. NMLS #274132
Minneapolis, MN: VA home loans are a true benefit to our military personal, with no down payment required, no monthly mortgage insurance, and rates lower than conventional home loans. But as with all government backed loans, including FHA loans, and
James Brooks
By James Brooks The bond market is currently unchanged (2.30%), which should keep Raleigh area mortgage rates unchanged. Today's sole relevant economic release was September's Industrial Production data at 9:15 AM ET. It showed a 0.3% rise in output at U.S. factories, mines and utilities. Analysts were expecting it to show a 0.2% increase, meaning industrial production was a little stronger than thought last month. Because stronger...
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Mark Hemingway
Regional manufacturing data from New York State surged in October due in part to strong gains in employment, new orders and shipments. The Empire State Index jumped to 30.2 in October, well above the 20.0 expected and well above the 24.4 recorded in September, the highest in three years. Looking ahead, firms are optimistic about upcoming conditions as future business, new orders and employment are expected to increase. At an international banking...
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James Brooks
By James Brooks The bond market is currently down 7/32 (2.30%), which should increase Raleigh area mortgage rates higher by .125 of a discount point. There is nothing of relevance being posted today. The rest of the week brings us the release of five pieces of economic data that may affect mortgage markets. However, none of them are considered to be highly important or potentially market-moving. We should still see some movement in rates this...
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Leah TenBieg
Refinancing your property and/or purchasing a new home or investment property can take a toll on just about anyone. While it is much worth it, the process can be time-consuming and very detail-oriented. By working with a professional and knowledgeable loan officer, your home loan goals can be completed smoothly and swiftly. It's important to understand the different signs of predatory lending. By avoiding predatory lending at all costs, you...
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James Brooks
By James Brooks The bond market is currently up 4/32 (2.33%), which should improve Raleigh area mortgage rates by approximately .125 of a discount point. Yesterday's 10-year Treasury Note auction was pretty well received with a couple of benchmarks pointing towards strong interest in the securities. Bonds did improve yesterday afternoon, but it was long after results of the auction were posted. Therefore, it is difficult to correlate the...
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Leah TenBieg
To many, it might be difficult to trust someone with the refinancing of their property due to important documents needed and large amounts of money involved. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) makes it so licensed loan officers have the same knowledge and training before helping out borrowers. This law was passed on July 30th 2008 under Title V of the Housing and Economic Recovery Act (HERA). The HERA is a...
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Mark Hemingway
The Bureau of Economic Analysis reported on Thursday that the final reading on second quarter Gross Domestic Product (GDP) grew to a more healthy level of 3.1%, up from the anemic 1.2% recorded in the first quarter. It was the best reading since the 3.2% in the first quarter of 2015. GDP was boosted by stronger business and consumer spending. Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within...
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Chris Arco
More and more home buyers sidestep the traditional home financing process by using cash to purchase their home -- and then go to a lender later on to apply for a mortgage. with a lot less stress. In housing markets with high demand, cash-offers are going to be king. However, coming up with the full purchase price of a home for sale in Orange County, CA, or high-cost Southern California counties isn't an easy accomplishment. That's why...
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Leah TenBieg
There is no doubt that a refinance or new home purchase might be confusing to someone who is just entering the market. Read below to get a better understanding of the mortgage lending process. First things first It's a great idea to consider all options when it comes to choosing a mortgage loan officer. When you are looking for one, be sure to let each one know your credit score. Depending on the lender, one might be able to benefit you more...
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Mark Hemingway
Several Federal Reserve members will be speaking today, including New York's William Dudley, Chicago's Charles Evans and Neil Kashkari from Minneapolis. The Fed's Dudley said this morning that U.S. fundamentals are favorable and that inflation's transitory effects are fading. Mr. Dudley went on to say that he expects stronger wage growth with slightly-better-than-average economic growth. Fed Chair Yellen will be speaking...
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James Brooks
By James Brooks The bond market is up 2/32 (2.23%), which should keep Raleigh area mortgage rates unchanged. There is nothing of importance scheduled for release today. The rest of the week brings us the release of six monthly and quarterly economic reports for the markets to digest in addition to two Treasury auctions. None of the data is considered to be key, but several of the reports can directly affect mortgage pricing. There is at least...
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Eddie Sexton
For victims of the hurricanes there is a relief mortgage available. The FHA(h) mortgage will allow a home owner or a current renter to buy a house with 100% financing if the property they lived in was destroyed by the hurricane. Just a few lenders are making this program available. Swan Financial is one of them. Contact number is 866-766-1918
Mark Hemingway
The U.S. Census Bureau reported on Tuesday that household incomes rose between 2015 and 2016, while the poverty rate declined marginally. Median household income in the United States in 2016 was $59,039, an increase in real terms of 3.2% from the 2015 median income of $57,230. This is the second consecutive annual increase in median household income. The nation's official poverty rate in 2016 was 12.7 percent, with 40.6 million people in...
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Leah TenBieg
When it comes to the financial industry, oftentimes you will hear about The Federal Reserve System. Mortgage rates are closely related when it comes to this system. Since rates are constantly fluctuating, it can be frustrating to not understand why. Read below to get a better understanding of how exactly The Federal Reserve System impacts rates. What is "The Fed"? Created in 1913 due to the nation's financial crisis, The Federal Reserve...
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Chris
1. How Long Will You Be in the Area?If you're uncertain how many years you'll be in the area and even if you can afford a mortgage (and the associated taxes and fees that come with it), it's still may take 5 years or longer until you'll come out ahead with regards to buying vs. renting. 2. How Old Are You?If you're young, just beginning your career and was offered a job that is hundreds of miles away, a couple of states...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area Mortgage rates unchanged. Today has no relevant economic data set for release. The rest of the week brings us the release of seven pieces of economic data for the markets to digest, including a couple of extremely important reports. Those more important reports come late in the week. What today does have is the first of this week's two Treasury auctions...
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Mark Hemingway
There are no economic reports due for release today as trading gets underway for the last week of August. The rest of the week features data on consumer attitudes, inflation, economic growth, housing, personal spending, manufacturing and the labor market numbers that culminates with Friday's Jobs Report for August. Summer unofficially comes to and on Labor Day, as kids head back to school and vacations ending this week ahead of the long...
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James Brooks
By James Brooks The bond market is down1/32 (2.25%), which should keep Raleigh area mortgage rates at yesterday’s levels. July's Housing Starts was posted at 8:30 AM ET this morning, revealing a 4.8% decline in new home groundbreakings. That was much weaker than forecasts, hinting at weakness in the new home portion of the housing sector. Even a secondary reading that tracks new construction permits that helps us measure future...
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Mark Hemingway
July Housing Starts fell 4.8% from June to an annual rate of 1.155 million units, below the 1.217 million expected. Homebuilders cite a lack of skilled labor and lots to build on and higher costs for materials for the decline in new home building. Year-over-year starts were down 5.6%. Building Permits, a sign of future construction, fell 4.1% from June to an annual rate of 1.223 million annualized units, just below the 1.247 million expected....
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Leah TenBieg
Millennials have been on top of the US housing market for the last four years. According to the National Association of Realtors' (NAR) Home Buyers and Sellers Generational Trends Report, 34%, which is the largest share of home buyers, are in fact millennials. Among this percent of millennials, 66% were first-time home buyers. It's no surprise that this trend is not dying down, but read below for some surprising statistics found in the...
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James Brooks
By James Brooks The bond market is currently up 10/32 (2.23%), which should improve Raleigh area mortgage rates by approximately .125 - .250 of a discount point. This morning’s sole piece of relevant economic data was the 2nd quarter Employee Productivity and Costs data at 8:30 AM ET. It showed a 0.9% rise in worker productivity and only a 0.6% increase in the Labor Costs index. Analysts were expecting to see a 0.5% increase in...
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James Brooks
By James Brooks The bond market is down 4/32 (2.26%), should move Raleigh area mortgage rates slightly higher. Today has nothing of importance scheduled that is likely to affect mortgage rates. We are seeing some pre-auction weakness in bonds, but this should be an uneventful day for the bond market and mortgage rates. If we see an intraday move in rates, it likely will be a result of stock strength or weakness. Tomorrow has two events we need...
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Leah TenBieg
Don't let the thought of purchasing your own home scare you away from actually doing so. Maybe you have had the idea of being a home buyer in the back of your mind for quite some time now. Or maybe you just now made the decision that it's the right time. Whichever the one, you will need to learn how to take the next step in order to get the ball rolling. Get pre-approved - The first step You have most likely already done some house...
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VAConstructionLoans.org
Two years ago, it was difficult to find a lender willing to loan money on a zero-down VA construction loan. But as more and more lenders expand their product offerings, this valuable loan product has resurfaced and thousands of veterans are taking advantage. But before you head out to construct your dream home, there are a few guidelines you need to understand. For starters, you have to find a VA approved builder. This program does not allow you...
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James Brooks
By James Brooks The bond market is up 3/32 (2.25%), we still should see a slight improvement in Raleigh area mortgage rates. There is nothing of importance set for release today. The rest of the week brings us the release of only three pieces of monthly or quarterly economic data, but two of them are considered very important to the financial and mortgage markets. In addition to the economic data, there are two Treasury auctions scheduled that...
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Steve Bernstein
Arizona Mortgage & Real Estate News ~ Maricopa County AZ Real Estate Update The July 2017 Residential Real Estate Figures are out for Maricopa County Arizona, and we are definitely in a Seller's Market. This means the Demand for AZ Homes, far exceeds the Supply of Available AZ Homes For Sale. This Arizona Home Inventory Shortage is due to the following market conditions and statistics. AZ RESIDENTIAL REAL ESTATE MARKET CONDITIONS The cost of land
Leah TenBieg
Once you have decided to get a mortgage, you will come to the point where you will need to decide if an adjustable rate mortgage (ARM) or a fixed rate mortgage is right for you. Since both of these primary mortgages have benefits, how is it possible to chose which is best for you? See below for basic definitions of each and get a better understanding of how they can possibly benefit your current financial situation. Adjustable rate mortgages...
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James Brooks
By James Brooks The bond market is currently down 6/32 (2.31%), which should move Raleigh area rates slightly higher. There were two pieces of economic data posted early this morning, one of which is considered to be pretty important to the markets. That was June's Durable Goods Orders at 8:30 AM. The Commerce Department announced a jump of 6.5% in new orders for big-ticket products such as airplanes, appliances and electronics. This was...
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Mark Hemingway
Mortgage rates edged lower this week, declining for the second straight week. The lower rates came after the Fed left its benchmark interest rate on hold. The news on rate sparked a rally in both the Stock and Bond markets, while yields pushed lower. Freddie Mac reported that the 30-year fixed rate mortgage fell to 3.92% from 3.96% with 0.5 in points and fees. Last year this time the rate was 3.42%. The Fed left the Fed Funds Rate on hold...
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Leah TenBieg
After weeks and maybe months of searching for your dream home, there is no better feeling than finally finding it. The moment you decide this could finally be the home you purchase, you need to also decide how and when you will inspect it before signing the final papers. You might have been in every room multiple times, but were these thorough walk-throughs? By knowing the specific condition your future home is in before you actually move in, you...
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MEL SMITH--LENDER OF THE MONTH
A HELOC lender will quote you terms, but you will want to compare the following factors: 1. Margin. Some lenders adjust margin more than others for your credit profile and equity in your home. This is the utmost significant single factor of your HELOC rate. 2. Rates on fixed-rate advance options. This is the second most significant determinant of your HELOC rate, and these can differ across lenders. 3. Maximum lifetime rate. HELOCs will have a...
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James Brooks
By James Brooks The bond market is up 2/32 (2.26%), which should keep Raleigh area mortgage rates at yesterday’s levels. Last week’s unemployment figures were posted at 8:30 AM ET this morning, revealing that 233,000 new claims for unemployment benefits were filed. This was a noticeable decline from the previous week’s revised 248,000 initial claims and lower than the 245,000 that was expected. That indicates the...
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Mark Hemingway
Business activity declined in July from June in the Philadelphia region and fell to its lowest level of 2017. The Philadelphia Fed Manufacturing Index fell to 19.5 in July, down from the 27.6 registered in June and below the 22 expected. Any reading above zero indicated improving conditions. Within the report it showed that firms remained generally optimistic about future growth, while more than one-third of the manufacturers expect to add to...
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Shannon Greenberg
After World War II, the Department of Veteran Affairs created the VA loan to help veterans buy a house. Since then, the VA loan has grown to be one of the best loan options for prospective homeowners. Military, veterans, reservists, and Nation Guard members have the opportunity to qualify for this unique loan. The people who risked their lives for our country are more capable to own a home thanks to the benefits of a VA loan. No down payments VA...
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Mark Hemingway
Lower gas prices and higher consumer confidence may be just the ticket for Americans to spend more on fun in the sun this summer. Yesterday's release of the Vacation Confidence Index showed Americans are on track to spend a total of $101.1 billion on vacations this year, a 12.5 percent increase over 2016 and the first time in eight years that spending has exceeded $100 billion. Allianz Global Assistance, the keeper of the index, suggests...
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MEL SMITH--LENDER OF THE MONTH
All too often, people will only focus on the reduced monthly payment when refinancing mortgages. Remember that every time someone refinances, he or she is taking on a new term. If you have only eight years left on your loan but then refinance to a new 15-year mortgage, your payments may be lower, but you are taking a lengthier time to pay the loan back and may be paying far more in the long run. Also, people tend to misjudge the sense of freedom...
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James Brooks
By James Brooks By The bond market is down 15/32 (2.18%), which should push Raleigh area mortgage rates higher by approximately .125 of a discount point. Today's only relevant economic data was June's Consumer Confidence Index (CCI) at 10:00 AM ET. The Conference Board announced a reading of 118.9 that exceeded forecasts of 116.7. It was also an increase from May's revised 117.6, indicating surveyed consumers were more optimistic...
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Leah TenBieg
While purchasing your first home is an exciting experience, there are many obstacles to go through once the home is officially yours. From unpacking to interior designing, making the house you bought turn into your own comfortable home can be accomplished by taking the below tips into consideration. Unpack smartly To start, simply organize your labeled boxes into the rooms they will soon be unpacked in. Before ripping the tape off of every box,...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area mortgage rates unchanged. The National Association of Realtors gave us May's Existing Home Sales report at 10:00 AM ET this morning. It showed a 1.1% rise in home resales last month when analysts were expecting to see a decline. This means that the housing sector was stronger than many had thought, making the data bad news for bonds and mortgage rates. The...
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Mark Hemingway
Residential real estate company Redfin reports that despite the shortage of supply, home sales increased 7.5% in May from last year, while the median sale price rose 6.8% year-over-year to $288,000. Inventories fell to just 2.7 months of supply where a typical number is around six months. This anemic supply number is the reason for the continued increase in sales prices. In addition, the typical home went under contract in 37 days, setting a new...
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James Brooks
By James Brooks The bond market is up 6/32 (2.16%), which should improve Raleigh area mortgage rates by .125 of a discount point. Today has nothing scheduled that is likely to affect bond trading noticeably or mortgage rates. I would not be surprised to see a very calm day, assuming the major stock indexes remain near their current levels. If stocks make a move upward, we could see pressure in bonds that leads to a slight increase in mortgage...
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MEL SMITH--LENDER OF THE MONTH
Millions of homeowners have lost their homes due to foreclosure. However, the good news is there are things you can do to halt a foreclosure. The principal thing you should do if you are having difficulty making your mortgage payments is to contact your lender. Connecting with your lender produces an opportunity for you to create a plan to stop the foreclosure process. You can apply for a Loan Modification Both Federal and state laws forbid...
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Anna N. Ryan
Check Out Other Niche Programs: NEW INTEREST ONLY now on our NON PRIME programNEW ITIN program NEW 12 month BANK STATEMENT program STATED (NO INCOME) to 2 MILLION NEW ATR in FULL with qualifying just on the assets alone - NO income & NO job verification - A NO DOCLoan amounts up to $3 MILLIONUp to 90 % LTV NO MI (use 24 months of business or personal bank statements, or assets as income)Can use asset depletion incom
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