By Sean Stephens

How do you qualify for a 3% down payment conventional loans?

Did you know that Fannie Mae® and Freddie Mac both have 3% down payment programs! Here is a short video which explains the differences and along with the highlights. Remember, conventional loan 3% down payment programs can be a great alternative to FHA financing, because as of 6/3/13 FHA monthly mortgage insurance is now for […]

By Sean Stephens

What Does The 4th Of July Have In Common With Homeownership?

The independence of Homeownership! Today’s video tip will not be too heavy with guidelines or mortgage terms, but while we prepare to celebrate our national day of independence, here are some common traits that the power of homeownership shares with the 4th of July. With the birth of the United States, the American Dream began […]

By Sean Stephens

What are the Maximum Seller Concessions Allowed?

Are Seller Concessions Allowed on a Mortgage? This is a common question that I receive and depending on the loan program, the answer can vary.  Today’s tip will give you the details to help be prepared on your next offer. If you have any financing questions which pertain to the loan program for the buyer […]

By Sean Stephens

What is the Minimum Down Payment Needed to Purchase a Second Home?

Is There a Required Down Payment When Purchasing a Second Home?  Many automatically assume that a 20% down payment is required to qualify for a second home under conventional loan guidelines. Today’s video tip will provide much needed clarification for this question. Conventional Loan Guidelines for Second Home Financing Before we get started, today’s topic relates […]

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