Generally, lenders prefer that your housing expenses (including mortgage payment, insurance and property taxes) are less than one-third of your total gross income. Debt ratios (total debt divided by gross income) should not exceed 38%. This loosely translates to mortgage affordability of two-and-one-half times to three times gross household income.

Our company in cooperation with Emporiki bank , takes care of the application and approval of your mortgage for financing the building, completion, improvement, repair or restoration of a house. We use our knowledge and experience to give you advice in order to find the best financing solution, with the lowest interest rates and monthly payments. Studying your tax statements of the last 3 years we can inform you whether you qualify for a mortgage before you apply for one.

Qualification requirements on loans vary. The type of loan dictates what you need to qualify. Some loan types are harder to qualify for than others. The main requirements in qualification many times look at your assets, credit history, employment status, liabilities, and income. There can be other stipulations as well. There are some special loans for veterans or first-time home buyers. You should check with you lender to see which type of loans you quality for.

Yes, as a non-resident you are able to qualify for a mortgage. The maximum Loan to Value Ratio is typically limited to 65%, but can go as high as 75% in special cases. Take advantage of the equity in your home, refinance and pay off those high interest rate credit cards. Jobs | Legal | Affiliate Program | About Us | Contact Us | Terms of Use | Privacy Policy | Security | Site Map |

It is possible to buy a home on a low income. One family purchased their first home on an income of about $1800 per month. There are also assistance programs to help families become home owners. Most have restrictions based on income; others may not always have the funding available. Counselors work with members to find appropriate programs for which they are eligible.

No. Getting a mortgage depends primarily on the borrower’s ability to repay the loan. It is illegal for lenders to discriminate against people based on marital status or gender.

Helping you qualify for your own mortgage is our job. Our team is able to fund almost any individual with a mortgage.

Some lenders will consider your mortgage application depending on the circumstances surrounding your bankruptcy and your credit history since the bankruptcy has been discharged. The best way to determine if you can qualify for a mortgage after being discharged from bankruptcy is to call a mortgage consultant.

You will only qualify for tax relief on a mortgage on a property that is your principle private residence. No tax relief is available on properties bought for investment purposes.

To be eligible for a HUD reverse mortgage, the Federal Housing Administration (FHA) requires that you are a homeowner 62 years of age or older; have a very low outstanding mortgage balance or own your home free and clear; and that you meet with a HUD-approved counseling agency -- to make sure you understand what a HUD Reverse Mortgage will mean for you.

Yes, you can qualify - bad credit in the past does not mean the same thing as a bad credit risk. While Top Gun Mortgage is very competitive in the conforming mortgage market, our true strength is non-conforming and sub-prime loans. This means we will work with you to find the best rate that you qualify for.

Based on your income, your current debts and estimated down-payment, your lender can usually help you determine the maximum mortgage amount for which you could qualify within minutes. Many lenders have a toll-free 800 number where you may speak with a mortgage professional or you may also reference the lender's mortgage calculator located on its mortgage Internet site. This process is frequently referred to as a 'prequalification analysis'.

Mortgage assistance is provided for first time homebuyers who meet certain income criteria and are purchasing a home within the City limits. The amount of assistance is up to 10% of the purchase price not to exceed $15,000.  For more information, contact our mortgage officer at 404-614-8296.

Yes, a mortgage can be obtained by people with all kinds of credit (Excellent, Great, Average, Below Average, and Poor Credit). Obviously, the rates will increase slightly as credit score get a little lower but a mortgage can still be obtained. Also, with a lower credit score you may be limited to a few less mortgage loan programs than you would with excellent credit. Sometimes compensating factors such as a lot of money put away in checking or savings accounts, 401ks, investments, etc..

There are 3 simple ways to contact us: You can APPLY ONLINE, a process which only takes 5 minutes; you can EMAIL US and we will contact you at your convenience; or you can call our office toll free at 877-GULF-LOAN. Usually the appraisal is the only out of pocket expense. All other closing costs are typically included in the payments we quote.

Yes. You can get up to $40,000 for home improvements. You may even be able to pay off your existing mortgage and other bills as well.

You must be age 62 or older and occupy the home as your primary residence. You must have enough equity in your home to pay off existing liens on your home with part of the proceeds from the Reverse Mortgage.