Brett Sampson's (bsampson) Blog

Did you know we do loans for Rural Hobby Farm / Ranch loans?Here are some of the guidelines for this program…-Single-family, owner-occupied, detached primary residence located on the property.-Must be located in a rural area or municipality of 2,500 population or less.-Maximum loan-to-value of 97...

I ran into this issue just 2 days ago – and I wanted to share with you how to roll repairs into a purchase price.If you are buying a house that needs minor repairs – but the seller refuses to do them – what do you do?This situation happens a lot, especially on bank owned homes.The simple answer i...

If you are an eligible veteran the best loan you can get is a VA loan.Here’s what you need to know about a VA loan…VA purchase loans allow a qualified borrower to buy a house with no down payment. This is one of the very best loan programs in the mortgage market today. If you are a veteran you sh...

I get questions like this from borrowers all the time…  “If I pay an extra $100 a month on my payment how many years would it take off my mortgage?”The answer is it can shave off alot of years and save you a ton of money!I created the table below to illustrate the savings.This is based on a 30 ye...

Did you know I do Jumbo cash out loans?I do!Here are some details on my Jumbo cash out loan…* Primary Residence only* 70% up to $1,000,000* 65% up to $1,500,000* 60% up to $2,000,000* 50% up to $2,500,000* Min Fico 720* Max DTI 43%* Reserves as low as 6 months!If you want to get cash out of your ...

 The most common question I get from borrowers is “How much will I have to put down to get a mortgage?”Here are your minimum down payment options on the loan products currently available in the market place.Loan Programs…VA loan: No down payment necessary. No monthly MI. This is the best loan goi...

You may have been told by your loan officer that you have to remove the disputes from your credit before they can underwrite your loan.For Conventional loans there is really no way around this. You will have to remove them.However, for FHA loans you don’t necessarily have to remove them.This is t...

If you receive money from the State or a County sponsored organization for providing foster care for children you can use this money as income to get a mortgage.Foster care income is considered acceptable stable income as long as the borrower has a 2 year history of providing foster care services...