1 STOP MORTGAGE BLOG!

HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!

HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!     HARP 2.0 (Home Affordable Refinance Program) new refinances are closing in 20 days or less for homeowners whose mortgage is backed by Fannie Mae!   Do you have a mortgage that was originated prior to May 31, 2009? HARP 2.0/DU Refi Plus allows you to refinance your current loan even if you owe more than the property's current value.   Highlights are:      Up to 175% LTV/Unlimited CLTV      No Debt To Income restrictions ...

November 3rd, 2016 | 1 STOP Mortgage Loan of the Week!, HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!

Great News! 1 STOP Mortgage offers FREE 2% equity gift on Purchases with only 1% down

Never before offered!  FREE 2% equity gift on Purchases with only 1% down! Get ready for the Best News Ever for Homebuyers! 1 STOP Mortgage is pleased to announce an exclusive, never before offered FREE 2% lender gift of equity on Purchases with only 1% down.Give your yourself a low down payment, a great rate and a head start on your equity. This is the first time in the industry that this purchase program is offered!  Yes, 1% down on conventional loans with a 2% equity boost.Close in 30 days or less and available to you with no Mortgage Insurance!Call us at (901) 388-1588 for mo...

October 10th, 2016 | 1 STOP Mortgage Loan of the Week!, Great News! 1 STOP Mortgage offers FREE 2% equity gift on Purchases with only 1% down

USDA has slashed its fees to Homebuyers & Homeowners!

USDA Fee Reduction Starts October 1, 2016 & for All of 2017!       USDA has announced that there will be a reduction in the cost home buyers incur beginning October 1, 2016, reports John Meussner at ActiveRain.  Until now, USDA applicants paid (usually via a financed charge that added onto a loan, starting USDA buyers off underwater in equity) 2.75% of the purchase price of their home (or loan amount, usually the same figure), in addition to an annual fee of .5% of their loan amount (charged monthly).  Since USDA offers a $0 down program with relatively ...

September 22nd, 2016 | 1 STOP Mortgage Loan of the Week!, USDA has slashed its fees to Homebuyers & Homeowners!

Mortgages For People Who Are In-Between Jobs

Offer Letter Loans: Get A Mortgage While You’re In-Between Jobs   In The Mortgage Reports, Dan Green offers the following information: In-Between jobs and want to move? Now, you can.Via a special program known as the Offer Letter mortgage, U.S. lenders are now making loans based on the "future income" of your next job, and will even approve a loan based on a pay raise you have coming at work.This means that relocating employees can move their households with only a promise of employment; and recent university graduates can use their future job as a basis for a loan.I...

June 28th, 2016 | 1 STOP Mortgage Loan of the Week!, Mortgages For People Who Are In-Between Jobs

1 STOP Mortgage's HomeReady™ is Loan of the Week!!

Make your Piggy Bank Happy with a HomeReady™ Mortgage! UPDATE!!  This conventional option for borrowers looking to purchase with a low down payment or refinance with limited equity has special features, allowing all household member's income to contribute to the mortgage!HomeReady™ loan information is accurate & current as of today, June 6, 2016.  This post has been updated since its first publish date to reflect updates and clarification in the HomeReady™ program.HomeReady™ allows a downpayment of just 3% on a home and permits the "income po...

June 6th, 2016 | 1 STOP Mortgage Loan of the Week!, 1 STOP Mortgage's HomeReady™ is Loan of the Week!!

1 STOP Mortgage's Home Possible is Loan of the Week!

1 STOP Mortgage Loan of the Week! Home Possible AdvantageA great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.    Up to 97% LTV - only 3% down!     First time homebuyers, move-up borrowers, and retirees     Refinances up to 97% LTV, regardless of current mortgage program     No income limits for Underserved Areas     No reserve requirements for 1-unit properties     Gift funds eligible for entire down payment Call Robert o...

May 17th, 2016 | 1 STOP Mortgage Loan of the Week!, 1 STOP Mortgage's Home Possible is Loan of the Week!

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Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134