FHA and Investor Specialist

Agents, are you paying to advertise your listings? Our new free marketing property sites are averaging 35 hits per week. Can you afford to lose these exclusive leads? Call me to find our how we can work together and earn more income with my joint marketing system.

Would you like someone to create a site like this for you- for free??: http://225n23rdst.greatcustomhome.com/

How many other loan officers are offering a free marketing system to you to increase YOUR business with joint marketing efforts? 

What you get with our FREE marketing website that goes out to ~ 10 Major Search Engines including Craig's List:

• Complete professional website dedicated to just that property.
• Text Messaging for property info, INCLUDES call capture!
• Mobile phone website ZMLS.mobi with your own property ID#.
• Virtual tour created for you with unlimited pictures and music.
• An automated feedback system saving you hours of time and trouble.
• 24 hour access to quick, easy and fast printing of marketing flyers and postcards.
• One-Click classified postings to Craig's List and Backpage.
• Automatic feeds to popular real estate and classified ads websites.
• High Quality PVC sign riders available in 5 eye-catching colors.
• Low Jumbo mortgage rates, in-house underwriting and quick closings.

Look at these examples:

http://884dorianroad.CanBYours.com/

http://150beaverrunroad.checkoutmore.com/   

FAQ:

Q:  What do I need to do to get started?

A:  Contact Michael Byrne at 800-999-2489 x7972 or 908 531 6170.  All that is required is the MLS Listing sheet and all available property pictures.

Q:  What is in it for you/ Why are you willing to do this for free, for me?

A:  All I simply want is the opportunity to qualify the prospects I drive to your listing.

Michael Byrne

Loan Counselor

Gateway Funding

1-800-999-2489 x 7972

908-531-6170 Cell

215-793-8447 Rightfax

www.gfhomeloans.com E-Commerce

www.refi-fhasecure.com My Blog

 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

I heard a great phrase today, and one that I had never heard in this manner.  Someone was referred to as "good for nothing"(edit- Yes, I am aware of what the phrase commonly means-please read), meaning that all they did was "good" and expected "nothing" in return.  In the toughening economic times that we live in these days, this reminds me of many things one can do which are "good for nothing".  I thought maybe we can take it one step further and find things which also cost "nothing". 

A couple of things that we can do for "nothing" are simple: any volunteer work is just a cost of time, and not money.  I am personally skeptical of calls for donations, and question how much of that money actually makes it to those in need.  When you donate time, you can see the results.  Another thing one can give regardless of their economic circumstances is blood.  The Red Cross and  Blood Center of NJ are two with easy to visit websites.   

Cleaning out your closets and donating to a local clothing center such as Goodwill is another simple free way to help those in need. 

So go and be good for nothing, for nothing!

PS- I edited the title, to avoid any confusion. Next time, I go for the cheap heat. :)

Michael Byrne

908 531 6170

 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

Our portfolio true jumbo mortgage rates ticked down a bit this week on some programs, and held steady on others this week in Delaware.  It is great time to find jumbo financing for a home in Hockessin or even that second home or retirement home down the beach at Bethany!

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in all of Delaware's 3 Counties for 2009.(New Castle, Kent, and Sussex).  The sad truth of the Fannie Mae High Balance loan program is that the pricing is not very competitive as well.  Like most government intervention, the intention was good but the result negligible.

Our true jumbo loan programs, called our Insight Program, allows for higher loan balances at extremely competitive terms!  This includes loans over $417,050 regardless of the County.  This program is available in all of Delaware, Connecticut, New Jersey, and parts of Pennsylvania.

Currently we have the following Jumbo Rates with 0 points as of business close on  2/20/09:

10/1 ARM                  

30/15 Balloon           **Call Michael Byrne at 908 531 6170 or 800-999-2489 x7972 for current rates on all programs.**        

30 Year Fixed            

5/1 ARM, 7/1 ARM, Interest-Only Options, and shorter fixed terms available:   Call for quotes

Typical minimum FICO scores of 680 required.    Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*  This program is available for second homes as well.

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.  A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in the First State.  Call for details on these ever-changing products.  The Insight Program outlined above is a portfolio product and we also have many relationships with investors who will buy jumbo loans in The First State.  I was a resident of Delaware for 15 years, and graduated from the U of D in 1990.

We also offer competitive pricing on FHA, VA and Conventional Loans in Delaware, and I have originated loans in Delaware since 1990.  We underwrite and fund these loans in-house.  For more information: VA Financing and   FHA Success Stories . 

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 30 Year, 15 Year, and 30/15 fixed rates over 750k, .125% in rate to the 10 Year Fixed, and .375% to the 20 Year Fixed.

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 held steady for the most part this week in Eastern Pennsylvania.  Despite the 2009 conforming loan limit remaining at $417,050 in Bucks County, Chester County, Montgomery County, Lehigh County, Berks County and Northampton County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances

Currently we have the following Jumbo Rates with 0 points as of business close on  2/20/09, (remember rates subject to change without notice and subject to qualification): 

10/1 ARM                    

30/15 Balloon          

Call for customized, personalized rate quotes at 908 531 6170 or toll free at 800-999-2489 x7972.

30 Year Fixed             

15 Year Fixed         ***Call Michael Byrne for details and a customized quote***

5/1 ARM, 7/1 ARM, Interest-Only and other programs available just call or email at mbyrne@gateway-funding.com or naitch6203@yahoo.com   

I have found the 30/15 Loan to be a popular one as of late: a slightly lower 30 Year Fixed amortization that just simply balloons after 15 years: I don't remember the last time I saw a credit report where someone had the same loan for 15 years.                  

Typical minimum FICO scores of 680.    Full Doc loans only.  Subject to verification of post closing assets and full underwriting.* Interest-only programs available as well, please contact me directly for details.

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 for purchases and rate/term refinances.  

We also offer competitive pricing on FHA, VA and Conventional Loans in PA.We also have in-house underwriters and closers, all under the same roof.

We also have other Jumbo and Super Jumbo Products available in the surrounding Chester and Bucks County area, including our 80/10 loan program and a bi-weekly equity builder loan program.  Call for details on these ever-changing products.

I always welcome all questions and requests for information.  Call me today for a customized loan quote.

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 30year, 15 year and 30/15 fixed rates over 750k, .125% for 10 year fixed rates over 750k, and .375% for 20 Year 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 hold steady on some programs, and ticked up a bit on others this week in Connecticut. 

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in most of Connecticut(Hartford, Litchfield, Middlesex, New Haven, New London, Tolland, and Wyndham Counties), and are at $511,750 in Fairfied County.  The Fannie Mae HBLP are also has some hits to pricing which are prohibitive, particularly to those looking to simply consolidate debt.

Our true jumbo loan programs, called our Insight Program, allows for higher loan balances at extremely competitive terms!

Currently we have the following Jumbo Rates with 0 points as of business close on  2/13/09**:

10/1 ARM                  

30/15 Balloon           

Call Michael Byrne at 908 531 6170 or 800-999-2489 x7972 for current rates.        

30 Year Fixed            

15 year, and shorter fixed terms available:   Call Michael Byrne for quotes on these and all products.

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

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.  A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in Connecticut, and just added a new jumbo investor recently.  Some of our programs may offer 80% financing on higher loan amounts. Additional details will be forthcoming.  Call for details on these ever-changing products.  The Insight Program outlined above is a portfolio product and we also have many relatioships with investors who will buy jumbo loans in Connecticut.

We also offer competitive pricing on FHA, VA and Conventional Loans in Connecticut.  See  FHA Success Stories and  VA Financing We underwrite and fund these loans in-house.  we are one of the few remaining lenders with our DE FHA and VA underwriters under the same roof.

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 for the 30 and 15 year fixed, .25% in rate to the 30/15 Balloon. 10 Year Fixed Rates add .125%, 20 Year Fixed add .375%.

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 held steady on most programs for Jumbo Mortgages in New Jersey. 

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in much of New Jersey(Atlantic, Salem, Mercer, Warren, Gloucester, Burlington, and Cape May Counties come to mind), and are at $625,500 in the rest of the counties in New Jersey.  The sad truth of the Fannie Mae High Balance loan program is that the pricing is not very competitive as well, due to several pricing adjustments.

Our true jumbo loan programs, called our Insight Program, allows for higher loan balances at extremely competitive terms!  This includes loans over $417,050 regardless of the County.

Currently we have the following Jumbo Rates with 0 points as of business close on  2/20/09**:

10/1 ARM                  

30/15 Balloon           

Call Michael Byrne at 908 531 6170 or 800-999-2489 x7972 for current rates.        

30 Year Fixed            

15 Year Options, and shorter fixed terms available:   Call for quotes

Typical minimum FICO scores of 680 to 700, depending on the program.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*  Jersey Shore Lovers:  This program is available for second homes as well.

Currently this program is available for 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.  A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in the Garden State.  Call for details on these ever-changing products.  The Insight Program outlined above is a portfolio product and we also have many relatioships with investors who will buy jumbo loans in NJ.  We recently have added another jumbo investor with slightly different guidelines that offers some synergy with the Insight Program.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Jersey.  See my recent blogs such as these for details: New Jersey FHA Success Stories  and VA Financing in New Jersey .  We underwrite and fund these loans in-house.

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 .125% for fixed rates over 750k for the 10 year, .25% in rate to the 30/15 Balloon, 15 and 30 year, add .375% for the 20 year.

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.

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

Recently, I published some notes about New Jersey FHA Success Stories , and I often brag about my great NJ Jumbo Programs .  I have written previous pieces on the  VA Financing in New Jersey as well, perhaps my favorite loan program.  Today I would like to talk briefly about some of the interesting nuances of the VA loan Program brought to my attention by our in-house VA Underwriter. 

Here is the scenario:  I have a potential client looking to make a purchase with a VA loan.  Income, assets, checked out fine.  The credit score was over 600, and within VA guidelines.  The only issue was the potential client is currently in a Ch. 13 Bankruptcy Reorganization Plan.  I had previously closed an FHA Ch. 13 buyout refinance years ago, and wasn't sure if the guidelines had changed.  I asked my underwriter if this could possibly work, given an otherwise strong file.

Per the VA Pamphlet 26-7, if an applicant has made timely payments for at least 12 months and the Trustee and/or Judge approves the new debt  the lender may be allowed to approve such a loan.  So the answer is VA loans will not disqualify someone currently in a Ch. 13 Bankruptcy.

A little further research also showed that a foreclosure on a borrowers credit will not in of itself disqualify a borrower.  In other words, a strong loan with a foreclosure in it's history still has a fighting chance.  Typically, VA loans can be eligible for financing with a credt score as low as 540, given other compensating factors.

I was happy to make the call to my client and glad my underwriter took the time to show me the guidelines, and glad I have in-house underwriters on staff.  The VA loan is a great loan!

Michael Byrne, FHA and VA Specialist

908-531-6170

www.mortgageprosforum.com

www.refi-fhasecure.com

www.vamortgageassistance.us

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.

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

With all of the talk about the tightening of the credit markets and the airing of "House of Cards" regarding the maortgage market collapse, I would like to point out some recent FHA Approvals and Closings that I have had:

                                 -An FHA purchase with 10% down, 1 borrower had a sub-580 credit score.

                                 -An FHA Cash-Out with a sub 580 credit score to consolidate debt.

                                 -An FHA Purchase with 5% down for a client who had several(paid off) tax liens.

                                 -An FHA Purchase with 5% down, 1 borrower with a sub 580 credit score.

                                 -An FHA Cash-Out Refi to pay off tax liens for a sub-600 credit score borrower.

Do you know what all of these customers had in common?  They were told they could not get financing by another lender, despite the fact they had loans which made sense and strong credit explanations.  I took the time to get all of the relevant information from my clients and was able to obtain an automated approval based on their complete information.  In a couple instances, an occupying  co-borrower with strong credit made the difference.  In others, the debt ratios and assets compensated for some credit glitches.

The point is, a true mortgage professional gets all of the relevant information to obtain a credit decision.  In this market, we need to make every deal stick.  Anyone can quote a rate(and I am guilty of touting some of my jumbo rates as well), but a true mortgage professional makes sure you close at the terms quoted.

Michael Byrne

908-531-6170

www.mortgageprosforum.com

www.refi-fhasecure.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.

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

New Jersey Jumbo Mortgage Rates: Our portfolio true jumbo mortgage rates hold steady on some programs, and ticked up a bit on others this week in New Jersey. 

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in much of New Jersey(Atlantic, Salem, Mercer, Warren, Gloucester, Burlington, and Cape May Counties come to mind), and are at $729,500 in the rest of NJ.  The sad truth of the Fannie Mae High Balance loan program is that the pricing is not very competitive as well.

Our true jumbo loan programs that have our New Jersey Jumbo Mortgage Rates, called our Insight Program, allows for higher loan balances at extremely competitive terms!  This includes loans over $417,000 regardless of the County.

Currently we have the following New Jersey Jumbo Mortgage Rates with 0 points as of business close on  2/13/09**:

10/1 ARM                 

30/15 Balloon           

Call Michael Byrne at 908 531 6170 current rates.        

30 Year Fixed            

5/1 ARM, 7/1 ARM, Interest-Only Options, and shorter fixed terms available:   Call for quotes

Typical minimum FICO scores of 680 to 700, depending on the program.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*  Jersey Shore Lovers:  This program is available for second homes as well.

Currently this program is available for 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.  A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in the Garden State.  Call for details on these ever-changing products.  The Insight Program outlined above is a portfolio product and we also have many relatioships with investors who will buy jumbo loans in NJ.  we recently have added another jumbo investor: details are forthcoming.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Jersey.  We underwrite and fund these loans in-house.

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 .125% for fixed rates over 750k for 30, 10, and 15 year, .25% in rate to the 30/15 Balloon and 20 year.

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.

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

Our portfolio true jumbo mortgage rates hold steady on some programs, and ticked up a bit on others this week in Connecticut. 

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in most of Connecticut(Hartford, Litchfield, Middlesex, New Haven, New London, Tolland, and Wyndham Counties), and are at $511,750 in Fairfied County.  The Fannie Mae HBLP are also has some hits to pricing which are prohibitive, particularly to those looking to simply consolidate debt.

Our true jumbo loan programs, called our Insight Program, allows for higher loan balances at extremely competitive terms!

Currently we have the following Jumbo Rates with 0 points as of business close on  2/13/09**:

10/1 ARM                  

30/15 Balloon           

Call Michael Byrne at 908 531 6170 or 800-999-2489 x7972 for current rates.        

30 Year Fixed            

5/1 ARM, 7/1 ARM, Interest-Only Options, and shorter fixed terms available:   Call Michael Byrne for quotes on these and all products.

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

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.  A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in Connecticut, and just added a new jumbo investor yesterday.  Additional details will be forthcoming.  Call for details on these ever-changing products.  The Insight Program outlined above is a portfolio product and we also have many relatioships with investors who will buy jumbo loans in Connecticut.

We also offer competitive pricing on FHA, VA and Conventional Loans in Connecticut, as well USDA loans in qualified areas.  We underwrite and fund these loans in-house.

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 .125% for fixed rates over 750k, .25% in rate to the 30/15 Balloon. 10 and 15 Year Fixed Rates add .125%, 20 Year Fixed add .25%.

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.

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