All Forum Posts by: Felicia Richardson

If you have a genuine reason (increase in family size, relocation, etc.) for a new primary, then an FHA loan could actually be an option. Depends on your exact situation, so either 3.5% or 5% down would be the minimum on a new primary residence. You wouldn't be able to use any first time home buyer grants/programs though.

Derek, thank you!
I'm definitely doing my research.

1 Vote

Thanks a ton and I appreciate the well wishes. Everything you mentioned makes complete sense. I'll definitely reach out to him. Is he licensed in Georgia?

0 Votes

Hello! I need some lender insight. I bought a Duplex in August 2022. I reside on one side and I Airbnb the other. I'm outgrowing my side and I want to buy a Single Family Home.

Would I have to get a secondary home loan therefore having to put down 10-20%? Can I qualify as a First Time Home Buyer and utilize FHA or similar programs?

Thanks in advance!

1 Vote

Quote from @Craig Warner:

We rapid rescore borrowers at no cost, if we are working on a loan for them. Typically to either help them qualify for a program minimum FICO requirement or to help decrease the rate or increase the loan to value.

However, as mentioned above, your lender who pulled your score should also offer this service.

Hi! This is good to know. I definitely may be reaching out to you. Do you have a construction to perm product? Land loan?

0 Votes

Atlanta, Georgia

Quote from @Raymond J. Rodrigues:

@Felicia Richardson. Hi Felicia, feel free to reach out. Happy to recommend you some vendors that can assist.

Hi there! I appreciate your response and I may be reaching out to you.

0 Votes

Atlanta, Georgia

Quote from @Elias Halvorson:

Quote from @Felicia Richardson:

Hi all! Can someone suggest a Lender to me, that offers Rapid Rescore? I'm in Georgia.

Hi Felicia, almost all should offer this via whatever company they use to pull your credit. It would be strange if they didn’t.

I thought so as well. When I was a Loan Officer back in 2008, we definitely offered it.

0 Votes

Atlanta, Georgia

Hi all! Can someone suggest a Lender to me, that offers Rapid Rescore? I'm in Georgia.

2 Votes

Atlanta, Georgia

Quote from @Jacob Sherman:

Your local credit union may be the best place to find that product

That definitely crossed my mind, so it's definitely an option.

0 Votes

Atlanta, Georgia

Quote from @Derek Brickley:

Hey Felicia, I'm not in Georgia but a member on our team here is. Happy to connect you with him if that would be helpful.

Hi! Thank you.
Happy to accept their contact information.

0 Votes

Atlanta, Georgia

Hi Jackson!

I definitely want to build out my RE Portfolio, so there could be an opportunity there. Do you lend in Georgia? If so...

Do you mind sharing your website info (if available) so that I can see what products your company offers?

0 Votes

Atlanta, Georgia

All Forum Posts by: Felicia Richardson

Felicia Richardson has started 13 posts and replied 63 times.

Post: Buying second Property After Duplex

Post: Buying second Property After Duplex

Post: Buying second Property After Duplex

Post: Interested in Rapid Rescore

Post: Interested in Rapid Rescore

Post: Interested in Rapid Rescore

Post: Interested in Rapid Rescore

Post: Construction to Perm Loan Products

Post: Construction to Perm Loan Products

Post: Construction to Perm Loan Products