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Education is the Key

Update:

On this page there is both information and product knowlegde on the various types of loans that we do at John Cross Mortgage LLC

USDA info has been updated, 1 percent down with only .35% for Mortgage Insurance. And still NO MONEY DOWN, and remember that this is only for use in Rural Areas with popluation of 10k people or less, UNLESS the maps has not changed, see the tab titled USDA Income & Property Eligibility to see if the area qualify's everything in Yellow is NOT a USDA Territory.

Gus Pass:  Login: johncrossmortgage Password: Pianoblackpiano777

How a mortgage underwriter will review your income taxes when applying for a home loan

Education Videos

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  • ‍The new FHA policy will allow mortgage lenders to use your actual monthly student loan payment amount. The one exception is if your monthly payment is $0 (which is possible under an income-driven repayment plan). In that case, the FHA lender will automatically apply 0.5% of the outstanding student loan balance as an assumed payment. The start date of these new FHA student loan guidelines is August 16, 2021. However, your lender can start using the policies now.

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