Monday, June 26, 2017

Georgia Bad Credit Mortgage Lenders

Georgia Bad Credit Mortgage Lenders
Bad credit home loans are available for residents in Georgia. At FHA mortgage programs.com we go the extra mile to help find secure a bad credit mortgage  for our bad credit home loan applicants, regardless of their credit status. If your credit has been ruined as a result of Foreclosure or Bankruptcy, don’t give up on qualifying for a mortgage. We understand there are many reasons individuals find themselves in a bankruptcy or Foreclosure situation that we get approved for a bad credit mortgage everyday.
It wasn’t so long ago that if anyone had a bad credit score, the prospect of getting a mortgage to buy a house was almost unheard of. Our team of real estate and government mortgage loan originators  will work with you through many of our creative financing options to help you qualify for a mortgage loan. They know what it takes to enable you to recover from the status of a credit risk and to fully qualify for a loan.
GEORGIA BAD CREDIT MORTGAGE LENDERS PROGRAMS INCLUDE:
Georgia Bad Credit Mortgage Lenders Are Lending Again!
As your Bad Credit mortgage resource, we will listen carefully to your needs, and work with you to achieve your goal of mortgage approval. We work with bad credit mortgage lenders nationwide, and we have a large network of resources available. Our relationship with a wide selection of bad credit mortgage lenders puts us in a position to be your advocate for a bad credit home loan.

You can call us anytime for assistance. We have our expertise and experience experience in bad credit mortgage lending and real estate.


3.5% BAD CREDIT GEORGIA MORTGAGE LENDERS

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NO CREDIT SCORE GEORGIA MORTGAGE LENDERS

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It takes a little more work to get approved for a Georgia mortgage with no credit score is easier than getting a Georgia bad credit mortgage. For Georgia FHA ...

Bad Credit Florida Mortgage Lenders- Min 500 FICO

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Florida Mortgage with bad credit is possibledespite recent news reports. ... US Mortgage Lenders provides loans to bad credit mortgage applicants that ... www.fhamortgageprograms.com/mortgage/florida-bad-credit-jumbo-mortgage-lenders/ ... GEORGIACONDOTEL MORTGAGE LENDERS Georgia Condotel Program ...

3.5% Georgia FHA Mortgage Lenders + Min 580 Fico! Same Day ...

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Bad Credit with minimum 500 FICO credit score with 10% Down Payment FHA. ... JUMBO GEORGIA BAD CREDIT GEORGIA MORTGAGE LENDERS– Your Florida .... and friendly Georgia mortgage service from afhamortgageprograms.com ...

GEORGIA BAD CREDIT JUMBO MORTGAGE LENDERS

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Our bad credit and jumbo bank statement only Georgia mortgage lenders offer a full range of the bestBad Credit Jumbo Georgia Lenders Mortgage Programs ...

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954-667-9110+GET APPROVED NOW!! 5 STAR REVIEWS+Georgia Mortgage Lender Specializing in FHA,VA,CONVENTIONAL,JUMBO,BAD CREDIT!

Bad Credit Home Loans - FHA MORTGAGE LENDERS

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Bad credit home loans are available for residents in Florida. At FHA mortgage programs.com we go the extra mile to help find secure a bad credit mortgage ... GEORGIA CONDOTEL MORTGAGE LENDERSGeorgia Condotel Program Number ...

FLORIDA BAD CREDIT JUMBO MORTGAGE LENDERS

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Our bad credit and jumbo bank statment only Florida mortgage lenders offer a full range of the best Bad Credit Jumbo Lenders Mortgage Programs including ...

Georgia VA Mortgage Lenders Min 580 FICO!

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US Mortgage specializes in good and bad credit VA mortgage loans even no credit score Georgia VA loans in every city and county in Georgia VA Mortgage ...

3.5% Georgia FHA Mortgage Lenders Min 580 FICO!!

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Location: Georgia, USA

Thursday, June 15, 2017

BANK STATEMENT ONLY GEORGIA MORTGAGE LENDERS For Self Employed!


Georgia Bank Statement Only Mortgage Lenders




BANK STATEMENT ONLY GEORGIA MORTGAGE LENDERS

The simple but sometimes unfortunate truth of the post-recession Georgia mortgage market is that Self-employed Georgia mortgage applicants whose incomes are less documented on their tax returns have a difficult time qualifying with most Georgia mortgage lenders. Our Georgia mortgage lenders bank statement only mortgage program  is solving a common problem that most self employed GA mortgage applicants have that write off all their income. The new terms of the Qualified Mortgage regulation measures has constrained Georgia mortgage lenders to err on the side of caution marking it very hard for self employed Georgia mortgage applicants to qualify for a mortgage. 
  • BANK STATEMENT ONLY GEORGIA MORTGAGE SUMMARY!
    • 15% Down payment requirement using Business or Personal Statements.
  • • 100% of Deposits for Personal Statements! NO TAX RETURNS NEEDED!
    • 100% of Deposits for Business Statements! NO TAX RETURNS NEEDED!
  • Need Stated Profit and Loss using business. 
    • Don’t look at Withdrawals!
    • Minimum 600 Fico!
    • No Reserves!
    12 or 24-Month Business or Personal Bank Statement Only Mortgage Lenders. Case by case 20 months only Georgia bank statement only approvals!
  • ALLOWABLE GEORGIA BORROWER TYPES:
  • Self Employed write off all their income!
  • 1099 Contractors that write off all their income!
BUSINESS OR PERSONAL BANK STATEMENT DEPOSITS:
      • Personal Bank Statements:  100% of Deposits Add all deposits for all 24 months and divide that amount by 24 to receive the monthly income amount we will apply as the Georgia bank statement only mortgage qualifying income.Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
      • Business Bank Statements:  Add all business deposits for all 24 months and then divide by 24 to receive the gross monthly income amount we will give to the borrower. After than provide a profit and loss for the last 24 months of projected expenses to determining your business bank statement qualifying income. Business bank statement only example. Add up all 24 month deposit total = $500,000 / 24 = $20,883 a month income. Your stated profit and loss shows 30% expenses. 20,833 x 70% profit = $14,583 monthly qualifying income. 
      • Only deposits can be used Transfers are NOT counted on personal or business bank statements. 
      • Must have 24 consecutive months of statements (no gaps) case by case only 20 months.
      • Must provide All pages (even the last pages with advertising)
      • Cannot commingle (use two different accounts) statements.
      • If account was used and closed and new account for remainder of statements must show closing of old account and opening of new account
      • Bank transfers may be accepted for Georgia business statements when they come from credit card clearing houses (examples: Paypal, Square, AMEX, etcetera).  Case-by-Case and must be considered normal for the company.
      • Multiple bank accounts are considered on a case-by-case when one account is closing and reopening new account, or (b) for Business accounts that are two different and autonomous businesses.
WHO IS A GEORGIA BANK STATEMENT ONLY MORTGAGE FOR? Are you self-employed in Georgia and trying to purchase a GA home? Or, do you earn bonus, commission or seasonal income? Are you a Georgia consultant, promoter, tax-preparer, freelancer, artist or other Georgia professional with an irregular Georgia income stream? Or do you just write off all your income on your tax returns? If so, then our Georgia Bank Statement Mortgage Lenders Program may be perfect for you!
HOW DOES A GEORGIA BANK STATEMENT ONLY MORTGAGE WORK?Simple. Instead of requiring your last 2 years of tax returns, W-2s, or proof of regular payroll checks, we base our Georgia Bank statement only mortgage loan approvals on a combination of your Georgia Bank statements and a Profit & Loss statement for your Georgia business deposits.
Even if you earn your income in just part of the year, as long as you maintain Georgia Bank accounts documenting your Georgia business income or Georgia Personal income Bank statement deposit stream we can help you qualify for our bank statement only mortgage!
Our Georgia mortgage lenders offer three Situations for our Bank statement only Georgia mortgage lenders program: 
Bank Statement Mortgage Situation 1 – Your Georgia Personal and Georgia business Finances Utilize a Single Account
•             GA mortgage applicant provides Georgia Bank statements from the most recent 12 consecutive months
•             GA mortgage applicant provides a Profit & Loss (P&L) statement prepared by a CPA or a Licensed Tax Preparer
•             The expenses shown on the P&L must be reasonable considering the borrower’s type of self-employment
•             The P&L will be the primary source for information to qualify the borrower
•             The revenue from the P&L will be supported by the Georgia Bank statements the borrower provides
•             The Georgia Bank statements must reflect deposits no less than 5% of the revenue stated on the P&L
•             The underwriter reserves the right to request Georgia Bank statements from up to 24 consecutive months
Bank Statement Mortgage Situation 2 – You Maintain Separate Georgia Personal and Georgia business Accounts
•             No P&L Statement is required
•             Only your Georgia Personal Georgia Bank statements will be considered to determine eligibility
•             Borrower provides Georgia Personal Georgia Bank statements from the most recent 12 consecutive months in addition to Georgia business Georgia Bank statements from the most recent 3 months (in order to verify the maintenance of separate accounts)
•             Annual deposits are averaged to determine monthly income
•             The underwriter reserves the right to request Georgia Bank statements from an addition 12 consecutive months
•             If an optional P&L prepared by a CPA or a Licensed Tax Preparer is provided, that will determine borrower’s monthly income(For both Situation 1 and Situation 2, the information provided must support the size of the requested transaction. Inconsistencies may necessitate additional documentation such as tax records.)
Bank Statement Mortgage Situation 3 – You Only Use Georgia business Georgia Bank Statements to Qualify your Loan
•             GA mortgage applicant provides Georgia business Georgia Bank statements from the most recent 12 consecutive months
•             GA mortgage applicant provides a Profit & Loss (P&L) statement prepared by a CPA or a Licensed Tax Prepare.
•             The Georgia Bank statements must reflect deposits no less than 5% of the revenue stated on the P&L(In all 3 Situations, issues such as Non-sufficient Funds (NSF) or Over-Drafts, even if so-called Overdraft Protection is utilized, may have a bearing on the underwriter’s decision. In general, a maximum of 3 NSF notices per 12 consecutive months will be allowed, whether they occurred in a single month or over the entire 12-month span. Exceptions may be allowed on a case-by-case basis, under review of the underwriting manager.)
BANK STATEMENT ONLY MORTGAGE LENDERS LINKS OF INTEREST 

bank statement only – Georgia stated mortgage lenders! ga self
www.fhamortgageprograms.com/bank-statment-only-georgia-mortgage-lenders/About this result

bank statement only – Georgia stated mortgage lenders! ga self

www.fhamortgageprograms.com/bank-statment-only-georgia-mortgage-lenders/
Georgia Mortgage Lenders 24-Month Bank Statement Loan Program. No tax returns required! 12 or 24 months bank statements now available (Personal and Business) Loans up to $3 million. Credit scores down to 600. Rates starting in the low 5's. Up to 90% LTV. DTI up to 50% considered.

Georgia Bank Statement Only Mortgage Lenders

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Georgia Bank Statement Only Mortgage Lenders. It's a simple but sometimes unfortunate truth of the post-recession Georgia mortgage market: Self-employed ...

Stated Income Georgia Mortgage Lenders+Easy Approvals!

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Stated Income Georgia Mortgage Lenders+Fast + Easy Same day Pre Approvals! CALL NOW 954-667-9110 = Stated =24 Month Bank Statement deposits to ...

12/24 MONTHS ONLY GEORGIA BANK STATEMENT MORTGAGE ...

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Thomas Martin
May 19, 2017 - 12/24 MONTHS ONLY GEORGIA BANK STATEMENT MORTGAGE LENDERS
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Location: Georgia, USA
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