Loan Options

September 1, 2017
When is jumbo loan required?

When is jumbo loan required?

When is jumbo loan required? A Jumbo Mortgage is required when the loan amount exceeds the current conforming loan limits. As of 2017, the highest conforming loan amount (set annually by the Federal Housing Finance Agency (FHFA)) can vary by county, In Michigan, Florida, Ohio, […]
July 26, 2017
Minimum Mortgage Credit Score

What is the Minimum Credit Score a Borrower needs to Obtain a Mortgage?

Many potential home shoppers may feel that their credit score is not up to snuff to become homeowners.  The truth is you can actually get a mortgage in some cases moderate, low and even no credit score at all. Wondering what’s the minimum FICO® score […]
July 20, 2017

Hassle Free Mortgage Process, Mortgage in a SNAP!

Have you been wondering how much house you can afford? Well, now you can find out based on your specific situation instantly with Mortgage 1’s “Mortgage in a SNAP.” It is a mortgage application without the hassle. You just plug in your information and one […]
June 26, 2017
4Did your credit score improve July 1st?

Did your credit score improve July 1st? Here is why.

Did your credit score improve July 1st? Here is why. Starting July 1 another portion of the National Consumer Assistance Plan will go into effect and it should have a big impact on credit scores. The Repositories; Equifax, Experian, and TransUnion will exclude public tax […]