In this video I discuss how Envoy Mortgage has rolled out their own FHA 203k Streamline product that is funded by Envoy and the servicing rights retained by Envoy.  This means Envoy Mortgage has control of the process form start to finish and beyond.  Servicing means you will make your payments to Envoy and not have your loan sold around to other lenders.  Let me know what you think by leaving comments below and sharing with your communities.

Thank you,
Matt Steinmetz nmls# 221315
Envoy Mortgage
2151-A2 Salvio St.
Concord, CA 94520
Visit Envoy925.com
Office: 925-671-9501 x119

Down Payment Assistance*FHA*VA*HomePath*FHA 203K*Less Than 90 Day Flips*USDA                         Condo Approvals*Escrow Holdbacks*and now Up to 8 Financed Properties

Watch Matt Steinmetz in his YouTube video about refinancing even if you owe more than your house is worth with Fannie Mae’s HARP.

Matt Steinmetz is a Branch Manager for Envoy Mortgage with offices in Concord, Walnut Creek, Capitola and Vacaville California

Leave a comment here or call Matt at 925-671-9501 x119

Matt Steinmetz talks about loans for foreign nationals.  Foreign national loans are for people who are not U.S. citizens.

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Matt Steinmetz

To some it’s obvious and to others it’s not, but the following items are critical during the loan process.  If you have questions about these or are in the middle of your loan process and have to do one of these let me, or your loan officer know (always tell your loan officer) so you can be sure you are not affected negatively.

IMPORTANT

It is critical to the success of your loan package that you avoid doing any of the following until after your loan has closed escrow:

1. Do not change or quit jobs.

2. Do not switch banks, make cash deposits or move your money around.  If you do please keep a complete crystal clear paper trail that shows all money transfers and deposits between accounts.

3. Do not pay off bills. You should continue to pay the amount required, but do not assume that paying a debt off will alwasy benefit your score or loan approval.

4. Do not make any major purchases.  Adding debt can be detrimental.

5. Do not close credit accounts or apply for any new credit cards or loans.

If you must do any of the above, PLEASE CONTACT YOUR LOAN OFFICER IMMEDIATELY. Audits are done just prior to funding and you may be placing your loan in jeopardy if you do not notify your lender of any changes.

Hope that helps!  Please share and leave comments here.

Matt Steinmetz

The following items are normally needed during the loan process.  Your lender may require more or less but this gives you a basic idea of what to expect.  All of these items may not apply to you, for example if you are not divorced you can ignore that requirement.

• Most current paycheck stubs (cover 30 days) for all jobs, disability, etc
• W-2 or 1099s for years 2009 and 2010 for all employers and all income received
• Complete copies of your Federal tax returns with all of the schedules for 2009 and 2010 (page 2 signed)
• Divorce decree/marital property settlement or Legal Separation paperwork if applicable
• Most recent 3 months bank statements for all bank accounts (all pages)
• Current quarterly statements of investment accounts (retirement, 401K’s) (all pages) if being used for down payment, reserves, or for paying closing costs
• Complete bankruptcy papers, including final discharge document if applicable
• Landlord name, address and phone number for last 2 years (if you rent)
• Proof of current homeowner’s insurance policy on your home
• Mortgage statement for your Current Mortgage(s) (for all properties) and all houses
• Clear and enlarged copy of Drivers License for each borrower
• Copy of Trust paperwork if title is held in a Trust or Income comes from a Trust

Let me know if you have any questions!

Matt Steinmetz

This video by Matt Steinmetz covers some details about how tax returns affect you qualifying for a mortgage loan.

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4155.2 4.7.h Exceptions to the 90-day Restriction

The only exceptions to the 90-day resale restriction described in HUD 4155.2 4.7.e are for

If HUD decides to extend the waiver, we will notify you ASAP.

Happy Holidays!

Matt Steinmetz

This is me wishing everyone a Merry Christams and Happy Holidays with a bonus music track!

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Happy New Year,

Matt Steinmetz

This video goes over the importance of establishing credit and having good credit and at least 3 tradelines (open credit sources).

If have questions about your scenario, let’s talk.

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Matt Steinmetz