As a Certified Mortgage Planning Specialist, Scott can offer his clients special mortgage programs by partnering with Candor Mortgage Corp. Many of our clients are self employed and often write off everything so it is hard for them to prove income. We have some great programs for self employed borrowers, as well as First time home buyers (only 3.5% down payment with great FHA rates).

*Here are a few current highlights that set them apart from other banks:

1) Lender Paid Mortgage Insurance up to 95% LTV with 620 credit score. Benefits: For higher loan amounts, we can pass this savings to the borrower by not having any mortgage insurance at all. The bank pays for the mortgage insurance! The savings is hundreds of dollars per month. An interest only feature is also available on this program with 680 score.

2) For Self Employed borrowers we offer Income waiver options available. Instead of going stated income at limited and lower Loan to values, we can get income waivers in some cases for borrowers with excellent credit. The max LTV on these is 90%. But there are a lot of self employeed borrowers that cannot go full doc because of write offs. This is ideal for them, or for good credit borrowers where the debt to income ratio is too high.

3) FHA with 96.5% financing. The 3.5% down payment can be from acceptable gift sources and we can go up to 6% seller concessions!

Work with a CMPS and trusted, ethical mortgage company.

Candor Mortgage Corp.

Contact Scott for more information!

Direct: 203-273-0055

E-mail: Rscottrichardson@gmail.com

Learn about the First Time Home Buyers Tax Credit- Free download! First Time Home Buyers Tax Credit 

 

*Loan programs are subject to changes. Mortgage broker, not lender. NYS Mortgage Broker.