Finance a HUD Home with $100 Down

Buy A HUD Home With Only $100 Down!

Yes, As Unbelievable As This May Sound, It's True!

You may qualify to buy a HUD Foreclosed Home in Florida with a Down-Payment of only $100 - the balance being financed on a low-interest, fixed-rate FHA Insured Mortgage with repayment terms of up to 30 Years!

There are many great HUD owned homes available today that qualify for this special financing option.

Contact me today and we can discuss further.

Credit Tips for Homebuyers

Here are some tips to improving your credit….

•Payment History – Pay your bills on time.
•Amounts Owed – Keep balances low. Ideally, for the score to improve carrying a balance of 10% is best.
•Length of credit history – Don’t close out those old charge cards. They prove you have a long standing credit history.
•New credit inquiries – Apply for credit only when you need it, when rate shopping for a mortgage or vehicle do this within a two week time span.
•Types of credit used – The system is looking for a good mix (revolving and installment).

Verifying Rent History

One of the top issues I run into as a mortgage broker is being able to verify a borrower's past rental history. Although not always required, when the bank decides they have to have the past history, they make no exception to what they will accept. If the borrower rented from an apartment complex or a property manager, they accept a verification of rent form, but most times they will also need a copy of the rental ledger. The issues arise when the borrower rented from an individual person. The only acceptable documentation is 12 months cleared checks for the rent history (front & back of check) They will not accept a letter from the landlord, and you have to have all 12 consecutive months.
If you are looking to purchase a home in the future, I urge you, please use checks and keep copies.

Sol Nicoletti
Affordable Home Funding
Branch Manager
813-404-6934
www.solnicoletti.com