FHA and Investor Specialist

Our portfolio true jumbo mortgage rates continue to trend downward this week in New Castle County, DE.  Despite the 2009 conforming loan limit remaining at $420,000 in New Castle County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  All of Delaware's 3 Counties loan limits remain around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM                    5.5%                5.55% APR

30/15 Balloon             5.75%**          5.79% APR**

30 Year Fixed             5.875%**       5.94% APR**

7/1 ARM                       5.125%            5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.  We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Castle County, DE, as well USDA loans in qualified RD areas.  Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo loans available in New Castle County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Our portfolio true jumbo mortgage rates continue to trend downward this week in Montgomery County, PA.  Despite the 2009 conforming loan limit remaining at $420,000 in Montgomery County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  Montgomery County is one of the many Counties in PA where the conforming loan limit remains around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM                  5.5%                5.55% APR

30/15 Balloon             5.75%**          5.79% APR**

30 Year Fixed             5.875%**       5.94% APR**

7/1 ARM                    5.125%            5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in Montgomery County, Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.

We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in Montgomery County, PA, as well USDA loans in qualified RD areas.  Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo loans available in Montgomery County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Our portfolio true jumbo mortgage rates continue to trend downward this week in Chester County, PA.  Despite the 2009 conforming loan limit remaining at $420,000 in Chester County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  Chester County is one of the many Counties in PA where the conforming loan limit remains around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM                    5.5%                5.55% APR

30/15 Balloon             5.75%**          5.79% APR**

30 Year Fixed             5.875%**       5.94% APR**

7/1 ARM                       5.125%            5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.

We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in Chester County, PA, as well USDA loans in qualified RD areas.  Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo available in Chester County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Our portfolio true jumbo mortgage rates continue to trend downward this week in Mercer County, NJ.  Despite the 2009 conforming loan limit remaining at $440,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  Mercer County is one of the few Counties in NJ where the conforming loan limit remains below 729k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM                     5.5%                5.55% APR

30/15 Balloon             5.75%**          5.79% APR**

30 Year Fixed              5.875%**       5.94% APR**

7/1 ARM                        5.125%            5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.

We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market, even for second homes.  Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs.  As a long time Jersey Shore fan (LBI), I am pleased to announce our great programs for vacation homes in New Jersey.

Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised much over $417,000 in any counties of New Jersey, such as Atlantic County..  We can offer financing on jumbo loans to $1,500,000 and above, for both principal residences and second homes. 

Fully documented loans are available with as little as a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

Currently 5/1 and 7/1 ARMS are often below 5% with no points.  Contact me for APR's and current offerings.

Stated Income programs for the self-employed and no-doc loans for second homes are slowly coming around as well.  Call for specific details.

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market, even for second homes.  Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs.   

Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised over $440,000 in many counties of Connecticut.  In other areas such as Fairfield County, the conforming jumbo loan limit is just over $700k.  We can offer financing on jumbo loans to $1,500,000 and above, for both principal residences and second/Vacation homes. 

Fully documented loans are available with up to a 20% down payment or up to a 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

Currently 5/1 and 7/1 ARMS are often below 5% with no points.  Contact me for APR's and current offerings.

Stated Income programs for the self-employed and no-doc loans for second homes are slowly coming around as well.  Call for specific details.

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

I recent did some research for a client who is considering placing a secondary home into a qualified personal residence trust  (QPRT).   I found that no traditional lenders will allow a loan they service, let alone allow for a newly originated loan, to be placed into an irrevocable trust such as a QPRT.  A QPRT is an irrevocable trust that can be used for both asset protection and tax savings, particularly for those with estates greater than $3.5 million in 2009.

Our Portfolio Program allows for a loan to be both originated and serviced when held by an irrevocable trust such as a QPRT, subject to reviewing the document and underwriting the loan.  This is a niche for marketing to estate attorneys, elder care attorneys, CPA's and others.  The beneficiaries of the trust still need to personally guaranty the loan.

This loan program is available to qualified applicants in Virginia, Maryland, Pennsylvania, Delaware, New Jersey, Connecticut, and parts of NY.

Loan terms include 30 and 40 year Fixed Rates, various Adjustable Rate Terms , and 15 Year Fixed Rate Terms.  Loan amounts range from 100k-1.5Million.

Michael Byrne

908 531 6170

FHA, VA, and Jumbo Specialist

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2009 Gateway Funding Diversified Mortgage Services, L.P. FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

 To my fellow loan officers and agents:

I have started working with a program that helps to establish a relationship between a loan officer and real estate agent, and thought I would share it with you. I am currently using a system that allows me to create websites for agents' listings and send them to Craigs List every 4 days as well as 9 other real estate websites such as Oodle, Trulia, Zillow, and Google.

The beauty of the system is I am not asking for business, but rather helping to generate more business.  You can place your own banner on the sites, and receive all contact request information.

I currently have 9 real estate agents using and loving my system, with 63 listing websites up and running.  Having this to offer gives me the confidence to go out and solicit agents as I now have something of value to offer.

Check out this site for more information, testimonials, and a full program description.  You can get started or a try free 5 day trial.

Here are some examples of websites I have created:

172 Mission Road

15 Boulder Ridge

35 Holland Road

27 Chesterfield Drive

1029 Leesville Avenue

Again, Check out this site for more information on getting started or a free 5 day trial.  Agents, feel free to contact me directly to have your listings marketed for free.

I just thought I would share this tool that has proven useful to me.  Happy selling!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

Click here for more info:  http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203

For Immediate Release:

5/19/09 Bridgewater, NJ:

The creators of www.bankrx.com are providing real data to analyze a bank's health using key ratios.  The newly formed company has created the BankRx Index to gauge the probability of a bank's success.  The beauty of the BankRx Index is that a conclusive number is rendered, similar to taking one's temperature to gauge one's physical health.  This estimated probability gives us a measure of the "bank health". The model is based on economically sound principles of bank success, and we apply these concepts to practice by using state-of-the art statistical models.  The BankRx Index is a great tool for banking executives to utilize in preparing for regulators and managing risk.

The information on the site can be utilized by consumers, job seekers, potential investors, analysts, and bank personnel as well.  The key ratio data regarding capital adequacy, income data, and asset quality provided by BankRx will give one at the very least enough information to ask pertinent questions about a specific banks current health.  Consumers, analysts, and bankers alike will benefit from utilizing the peer groups available to measure and contrast similar institutions' key ratios on www.bankrx.com .   

The founders of BankRx have over 100 years combined banking experience in compliance, consumer banking finance, risk management, and mortgage banking.  This experience allows them to make pertinent data available in both a user friendly and economical manner, while maintaining relevance.  Banking executive George Patellis states, "The BankRx Index is useful in that it is easy to understand the score, which factors so much data.  It is also very insightful to compare the capital adequacy and asset quality ratios within a peer group."

Included as well is a post-mortem section, which takes a look at the statistics of recently failed banks.  Applying the BankRx Index to the failed banks yields shows a strong positive correlation.  BankRx CEO Sunil Choudhary notes, "Of the 32 failed banks year to date, 80% belonged in the bottom 2% of the BankRx Index.  This, along with our ratio analysis, allows one to analyze their risk and what it means to their capital requirement.  BankRx provides information that makes it easy for banks to measure their risk and prepare them for the new era of risk-based regulations."

BankRx Contact Information:

Michael Byrne

Account Executive

BankRx

1200 Route 22 East, Suite 2000

Bridgewater NJ 08807

(215) 366-2732

Michael.Byrne@BankRx.com

www.BankRx.com

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.  Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs.  Rates dropped a bit this week on many programs.

Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised over $440,000 in many counties of Connecticut.  In other areas such as Fairfield County, the conforming jumbo loan limit is just over $700k.  We can offer financing on jumbo loans to 1,500,000 and above. 

Fully documented loans are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

Currently 5/1 and 7/1 ARMS are often below 5% with no points.  Contact me for APR's and current offerings.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making due with the minimum interest payment.  Others still are finding an opportunity to switch to a 15 year loan or simply from an interest-only loan to a fully amortized loan.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details.

In Connecticut, we also have Super Jumbo financing available on loan amounts to 5 Million Dollars with up to 70-80% Financing, and even 10 Million Dollars on an exception basis.

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans