All Forum Posts by: Kristen Haynes

 Jessie- waiting for more information on all of the applicable uses, I'll update once I know more from the lender... :) 

Devin, they don't say much about that, which is one of the reasons that I called them. If it is purely Fannie Mae, then it has to be- but they mentioned that there were 'other alternatives'- will update everyone once I find out more. I have a call into them from this morning. :0 

Alice- exactly! So great to have you weigh in with more details! We need these types of loans, whether Fannie Maeor private lenders that don't charge exorbitant rates and fees! :)  

Kyle, you can get a new roof for your homeowner insurance deductible, if it's proven at some point to have had hail damage (which it probably does if it is in bad shape). Call a local roofer that has great reviews (check your local BBB or trusted Realtor in your area for recommendations)- call them and have them come out for a free roofing estimate. They will tell you if you need a new roof or just a 'tune up' and will give you a quote. then, if they tell you that you should 'qualify' for a new roof, call your homeowner's insurance company, get a claim adjuster out there, and they should approve a new roof with you just paying the deductible. There should be no waiting period. I'd love to help you with any questions that you have, even though I am not in "Fred-Neck", lol. 

I'm pretty busy today from noon- on, but feel free tor each out to me tomorrow if you have any other questions. We all need to stick together to pull each other up! Best of luck, let me know how it goes! :) 

Hi, Kevin. I have used them in the past when I had a client with unique needs (no income verification/self employment loan) but have not yet used this product, as it is brand-spanking new. 

I have a call into them, as well- they are both in meetings. I hope to connect with them on this today but have a very busy day, so may not be able to connect with them until tomorrow. But- yes, they are legit. :) 

I'm not sure, that would be a construction to permanent loan, not under Fannie Mae guidelines- but they do all types of specialty product loans, so they may have a 'similar' product. Generally, construction (temporary to permanent financing) requires higher down payments and the loan is paid out at various stages of construction, on a time-lined schedule, so those are unique loans and are generally kept in-house (not sold on the secondary market). Many smaller banks, like Regions Bank, do them, as do smaller, private banks, like Pinnacle Mortgage- but those banks require you to also be a customer of the bank. I have a call into them, and I'll ask them. Have a very busy day today, so not sure that we'll be able to connect until tomorrow. Certainly, feel free to reach out to them, also- their contact information is in the link. 

Samuel- let me know what you think once you do! I think this is a VERY exciting option! :) 

Hello, friends! As a Real Estate Broker of 33 years, I get lots of emails about loans, finance, deals, etc. But this one is SPECIAL, so I thought that I would share this with you. This group, MCF Mortgage, will finance Single Family or even MULTI-Family rentals (4 or more) for as little as 5% down! Yep, you read that right! They also offer low documentation and no-income verification loans (based on cash flow and bank accounts, not on tax returns- perfect if you 'write down' your income or if you are self-employed. Check out the video to find out more about some loan options available for Investors: https://www.instagram.com/reel/C2i3tyZuXFP/?utm_source=ig_we... 

Check out the link, below, for more information: https://www.instagram.com/reel/C2i3tyZuXFP/?utm_source=ig_we...