Know Your Loan Options Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA

This is a recap of the tips in September. They include information about all types of loans, limits, how they benefit you including Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA.

I mean who are Fannie Mae and Freddie Mac?

(Hint: Unfortunately not the neighbors down the street)

As consumers we all want to make sure we understand .. and can take advantage of, our options. Particularly when it’s funding possibly the largest purchase you've ever made! Yet with so many loan options how do you know where to begin?!

Renovation loans are a great option for those who have purchased a home or investment property that needs a bit of TLC. Take advantage of the great appreciation we've had to make your current home your forever home. Old musty carpet and overly patterned tile might go out of style, but leveraging the wealth you've gained by owning your home hasn't.

CHFA - we all need a little help sometimes.

As a home buyer you have to bring money to the closing table no matter what loan option you choose....but what if the majority of that could come from the state? That’s right! There are so many opportunities to become a home buyer with as little as $1000 cash coming from your pocket. Owning your home can provide so many advantages. Don't let the amount you need to bring to the table stop you. Set yourself up to be 48 times wealthier by starting the home loan application process today!

The Gang's All Here: Fannie, Freddie, and now Ginnie Mae

Ginnie Mae is the one stop shop for first time home buyers. FHA, VA, and USDA, encompassed 67% of their loans just last year. Distinctive in income, location or past service, you can open a plethora of perks if you qualify. By placing only 3.5% or even 0% down, home and even investment opportunities are closer than you think, even if you don't have a high credit score. Make sure you have a loan officer that knows how to be creative, because the potential SAVINGS are huge.

We're here if you need more information to help you decide which loan fits you.

Nicole Rueth

The Rueth Team of Fairway Independent Mortgage Corporation
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.TheRuethTeam.com
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