ADVANCES

the DOWN PAYMENT program
para la compra de tu casa

Advances for down payment and/or closing costs.

Your FEDERAL TAX RETURNS, whether you're a W2 and/or self employed-1099, are the KEY to open the doors to your home.

Our team of accountants and affiliated CPAs will verify that the last two returns do not contain errors. We will see within the 6,871 pages contained in the U.S. tax codes which of them will benefit you to buy your house.

What matters in your statements

Business line continuity

Underwriters check your financial information and help you qualify whether you have worked at the same company for the past 24 months or whether you have stayed in the same line of work or industry.

Capacity of income

LENDERS calculates the DTI based on your income or earnings for the last 24 months. Which must be equal to 50% or less of the total future payment of your total monthly debts reflected on your credit reports.

Intangible income

Other intangible factors that add up to income or profit are: business mileage and/or tax depreciation for the use of tools or business items that you have incurred.

Lean on our affiliated LENDERS to get your FHA loan, Conventional and any other mortgage program.

Mortgage Pre-Approval

To purchase your property, you must obtain pre-approval by a Lender or mortgage banker. These entities are licensed to handle the initial loan application and through their underwriting department, select which client may or may not qualify for mortgage financing.

Credit Report

After contacting the Lender, the first thing they request is your credit report from the three credit bureaus (TransUnion, Experian, Equifax). This report is more detailed and the scores are usually not the same as what you see on CreditKarma or other applications. This report is called the Tri-Merged Mortgage Credit Report and is the tool the Underwriter uses to approve your loan. They will have your scores and if you do not meet the required score there is still a solution!!!!

RESCORING
the solution that positively impacts your FICO

Your credit scores will determine if you qualify for programs like FHA, where you only need to have 3.5% down to purchase your home.
Scores are rarely the factor that will prevent you from owning your home and this extra paid service provides you with simulations and offers quick strategies to increase your scores in five days or less!
With RESCORING the Lender will more accurately determine your qualification for the FHA mortgage program for first-time homebuyers.

Apply to the
ADVANCES Program

Get your Down Payment!
Contact us by filling out this form.

info@PlusMoreUsa.com