A Sente Mortgage Banker can help you learn more about this program and explore your purchasing power. When it comes to home ownership, there are a lot of different loan programs available and it’s important to evaluate the features of each program as it relates to your specific financial situation. Bedrock Lending also delivers fast closings at the lowest rate possible. The company offers quicker and easier access to mortgage loans. The firm allows borrowers to acquire mortgages directly from a lender rather than relying on an intermediary. Stable monthly payments with fixed rate mortgages. The Fannie Mae HomeReady program is designed to work with low- and moderate-income households and offer an affordable mortgage. Bedrock Lending is a mortgage lending agency located in Austin and founded in 2005.Homeownership education course required. HomeReady mortgage has a home-ownership education requirement to help buyers prepare for the responsibilities of buying and owning a home.Accepts additional sources of income. Rental income may be considered as an allowable income source to help meet the income requirements.parents, who won’t be living in the home, can be co-borrowers on the loan to help their children qualify for a mortgage and purchase a home. It's also important to note that the HomeReady program doesn't require co-borrowers to reside in the home (ie. in multi-generational households the income of children, grandparents, or other extended family may be used to help meet qualification standards). The HomeReady program will consider income from a household member who is not a borrower (ie. Supports extended families & allows co-borrower flexibility.For first-time and repeat home buyers the HomeReady programs offers low down-payment options helping to make home ownership more accessible. Key Features of HomeReady Loans by Fannie Mae The program addresses common financial challenges and offers expanded eligibility requirements with the goal of bringing home ownership within reach for responsible, creditworthy buyers.Īt Sente, we understand the financial challenges that many potential home buyers face and we are excited to have a product that can help low- and moderate-income families, as well as minority and multi-generational households. HomeReady by Fannie Mae offers home loans to both first-time and repeat buyers. Neither Seller nor Shea Mortgage can guarantee your credit score will improve or that participation in this program will result in loan approval on any specific terms, rates or conditions.Sente Mortgage is pleased to offer Fannie Mae's HomeReady mortgage program as a smart choice for affordable living. Washington: Washington Department of Financial Institutions Consumer Loan License #CL-40397. #SENTE MORTGAGE PAYMENT LICENSE NUMBER#Virginia: State Corporation Commission Bureau of Financial Institutions License Number MC-5849. #SENTE MORTGAGE PAYMENT REGISTRATION#Texas: SML Mortgage Banker Registration – MLS – 40397. North Carolina: North Carolina Commissioner of Banks Mortgage Lender License #L-106078, NMLS #40397. Nevada: State of Nevada Department of Business and Industry Division of Mortgage Lending License Number 4111. Florida: Florida Office of Financial Regulation License MLD111, NMLS #40397. #SENTE MORTGAGE PAYMENT CODE#Colorado: Colorado Uniform Consumer Credit Code Supervised Lender License #988132. California: NMLS ID #40397, CA Department of Real Estate License #01197403. Lending In: Arizona: Arizona Department of Financial Institutions License #0904079, NMLS #40397. Shea Mortgage is an independent member of the J.F. Buyers are NOT required to use Shea Mortgage, are free to use any lender of their choosing, and are free to decline any incentives tied to the use of Shea Mortgage.
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