Brett Sampson's (bsampson) Blog

You may not be aware of this, but we have a 3% down Conventional Loan product. …and, this product is available down to a 620 credit score! It’s a great product to use when purchasing a home! One thing to keep in mind on this program is the maximum seller help (with closing costs and prepaids) is ...

I get asked every day what credit scores are needed for various programs. Here is a quick overview of the most popular loan programs, and our minimum credit scores for these programs… FHA – Credit scores 500 to 579 – Requires 10% down, and a manual underwrite. Credit scores 580 and up would requi...

FHA has recently released their latest Mortgagee Letter (2013-24). These changes take effect on October 15, 2013. Mortgagee Letters are how FHA makes changes in their underwriting guidelines. Consistent with the news from FHA since 2008 – this isn’t necessarily good news if you are trying to get ...

  I wrote this special report a couple of years ago, but I just recently updated it.     The mortgage indsutry is dynamic.  ...constantly changing guidelines and limits.   I've updated the report to show the most recent guidelines for each loan program listed.   I wanted to give it to you here.  ...

I have borrowers ask me if paying extra on their mortgage payment each month will save them money over the life of the loan. The answer is… Yes! It can save quite a bit actually. I created the table below to illustrate the savings. This is based on a 30 year $100,000 mortgage at 4% interest.     ...

Here’s one way to get a loan done with existing disputed accounts on your credit. Does this situation sound familiar?… You hired someone to work on your credit. Now, you have a bunch of disputed accounts on your credit report. That’s all fine and good… Until you need to get a mortgage. Your mort...

I’ve told you before that I can do alot of loans that other lenders just can’t do. I’ll give three simple examples of things I can do that many lenders just can’t… 1) DTI up to 55%! …Many loans die because of a high debt to income ratio. I can do high ratios! 2) Credit Denials Ok! …Once a lender ...

I wanted to let you know that the Department of Rural Development will be changing their USDA eligibility maps on October 1, 2013. The USDA program is a 100% financing program designed for outer suburbs and rural areas. As cities continue to grow and expand the ineligible areas surrounding cities...