We also charge an underwriting fee which includes reviewing the entire file, cost for appraisals and credit checks etcYou also can thank your state or federal government for creating additional layers such as licensing for business loans which to me is stupid.

This a program designed to help new buyers.Before buying a property, always check its lead paint status.

They also have longer programs and interest only rental unit programs.

. #1 Can a tenant have all these programs making payments on their behalf?

Insurance is going to get more expensive, the government wants to keep people in homes, home equity financing is only growing in popularity, multiple generations are living under the same roof more, and all of those trends are going to lead to changes in how tax law is used and possibly the law itself.

Down payment can also come from a DPA program or a gift and you can ask for a "Seller contribution/Concession" to cover closing costs.401K in most cases can be used without penalty if used for a primary home if not take it out regardless and pay the tax if it allows you to buy a good deal. 

The government makes sure it gets paid.To Your Success!

If your looking to do 2-4 unit properties then the 5% Fannie Mae program is perfect for you.

I do have a program for you but the max LTV is 75% and the min loan is 75k.

Thereby keeping the government’s hand off your family’s money.