Are you a First Time Ho-meow-ner?

 While keeping your financial health our main priority, your LoanChicken will help determine your borrowing power after considering multiple factors  such as your monthly income, employment history, credit score, and  overall credit-worthiness. One of our most valuable pieces of advice is  that only you can determine the mortgage debt that you're willing to  bear, based on your future financial goals. LoanChicken provides  expert advice to assist you with how much you can comfortably afford to  borrow. 

 While competitors are pushing their closing dates back from anywhere  between 30 to 90+ days, LoanChicken powered by Movement Mortgage is setting records in the  industry with 7 Day Processing and upfront underwriting. We have  streamlined these innovative processes, allowing our LoanChickens to  move closing dates up when requested by real estate agents. Imagine: you  get the keys to your dream home while others are stuck waiting for  underwriting approval. 

LoanChicken's egg-perts are here to guide you into the best choice to protect  your financial goals and maximize the best rate of return on your  investment. Depending on the type of loan you are financing, you may be  required to make a down payment ranging from 0 to 20%. There are many  advantages to both small and large down payments, including income tax  benefits and keeping a portion of the funds available as a financial  cushion. Our LoanChickens provide guidance to our borrowers on their  options and the outcomes of each. 

Short on savings to put the standard 20% (or 15% or even 10%)  down? Fear not – Movement has several low down payment loan options that  your Movement loan officer can see if you qualify for. 

FHA

If you’d love to buy a home but lack credit, a down payment or  are unable to cover closing costs, an FHA loan may be the solution. FHA  financing was developed to provide homebuyers with an alternative to  conventional financing and include attractive and flexible guidelines.
 

Fannie Mae HomeReady

If you’re a homebuyer with a good credit history and a stable  job, but not a lot saved for a down payment, the Fannie Mae HomeReady™  mortgage may be for you. HomeReady is a fixed-rate, affordable housing  program for creditworthy, low-to-moderate income borrowers.

Freddie Mac Home Possible and Home Possible Advantage

Looking for a fixed-rate conventional loan that goes easy on the  down payment requirement? Look no further than the Freddie Mac Home  Possible and Home Possible Advantage mortgage options. Both are for  qualified borrowers with good credit history who may have difficulty  saving for a down payment.

 Yes. We  suggest having a thorough conversation regarding all  fees and closing costs associated with sealing the deal of your home. To  avoid any last minute surprises, it is essential to plan in advance for  various out of pocket costs such as an appraisal, title insurance, and  other costs depending on your specific loan situation. For example, some  sellers may pay for all or some of your closing costs. 

 A common mistake homebuyers make is assuming that getting pre-qualified  is substantial enough in a busy market full of other buyers all vying  for the same home. In today's market, pre-approval is the way to go.  Movement's 7 Day Processing and upfront underwriting will bring our  borrowers as close to a cash-transaction as they can get. This gives our  borrowers an exceptionally rare advantage in the eyes of a seller,  truly setting them above the rest. 

As renovation and home improvement loans become more and more  popular in today’s housing market, Movement offers products such as FHA  203k and Fannie Mae HomeStyle renovation programs to help homebuyers get  one loan for both purchase and renovation costs.

A renovation loan program can:

• Help you improve or upgrade a home before move-in
   
• Save your loan approval by increasing the value of a worn down or neglected property
   
• Save you from separate financing for home purchase and the renovation costs
   

 Yes, because we're proudly backed by Movement Mortgage, we  can help you refinance your home if the time is  right to lock in a better mortgage rate, or if you’re a longtime  homeowner who would like to tap into built-up home equity. 

One of our most popular mortgage products is a traditional fixed  rate loan. This product gives homebuyers the comfort and ease of a  consistent interest rate that will not change throughout the life of  their loan. A fixed rate mortgage also provides our homebuyers with  better control and flexibility to budget their finances.

• Low down payment options available for qualified borrowers.
   
• Provides for cash-out refinances.
   
• Loan amounts available up to $424,100.00
   
• 10, 15, 20, and 30 year terms available.
   

LoanChicken is proudly powered by Movement Mortgage- one of the nation's most trusted originators  of Reverse Mortgages. We help homeowners, ages 62 and older, capitalize  on the equity they've built in their homes to secure financial  independence and peace of mind. The government-insured Reverse Mortgage  Program allows these individuals the ability to access equity within  their home, by receiving tax-free advances to spend as they choose.

Ways you can use a Reverse Mortgage:

• Meet healthcare expenses
   
• Remodeling or home repairs
   
• Reducing credit card debt
   
• Planning for long-term care needs
   
• Purchasing a second home
   
• Paying off an existing mortgage
   

If  you have more questions or are unable to find the answer to your  question here, please give us a call. This is one of the biggest  purchases of a lifetime, and we merry LoanChickens, one and all, believe in the  importance of educating and arming our borrowers with as much knowledge  as possible so they may comfortably and confidently purchase their dream  home.  this item.