Posted by & filed under News from our Advertisers.

Offered by Jan Giuliano, Academy Mortgage – The Giuliano Team

August signals the beginning of back-to-school, the closing in on the end of summer vacation, and school sports like football. In the mortgage industry, we continue helping people move into their dream home or in some cases, help with refinancing to lower a payment or help with a remodel project. What’s common here is a sense of change. Let me tell you about a few of the latest changes in mortgages:

Fannie Mae-Conventional Loans- has expanded the debt-to-income up to 50% as long as it passes the preliminary desk-top underwriting (DU). Fannie Mae-Conventional will also in some cases allow self employed borrowers only one year of taxes rather than two years. Again, the loan must pass desk-top preliminary underwriting (DU). There are other factors that may not allow for only one year of self-employed taxes but this could be an option.

A New First Step Loan Product from Colorado Housing Finance Authority (CHFA)-gives you another loan program that helps first-time home buyers with down-payment and closing costs. CHFA has been around since the 1970’s helping buyers into homes. This is just another product in their selection of products to help people who otherwise might not be able to buy.

As with all of these changes check with your lender to see if you qualify.

Call Frank, Mitch or Jan at 303-450-1650, 720-634-2410, or 720-634-2409 respectively for questions or concerns. We’re here to help you manage the change.

Click here to view The Giuliano Team at Academy Mortgage Corporation on The Brighton Buzz Business Directory

The Giuliano Team at Academy Mortgage Corporation