Business Assets

BUSINESS ASSET DOCUMENTATION REQUIREMENTS Asset StatementsFannie Mae: Two months of business asset statementsFreddie Mac: Three months of business asset statements when using business assets to analyze the health of the business. Otherwise, one month business asset...

Business Tax Returns

Business returns are always required for self-employed borrowers for businesses from which income is being used to qualify. If 1040s show a business loss, the underwriter will include the loss but does not need to condition for business returns.Business tax returns...

Alimony – Child Support – Separate Maintenance Payments History

No less than 6 months of the borrower’s most recent regular receipt of payment is required to document alimony/child support/separate maintenance as income.No less than 6 months of the borrower’s most recent regular receipt of full payment is required to document...

Understanding options to stay in your home

As soon as you realize you have (or potentially will have) a problem paying your mortgage, reaching out to your loan servicer (the company listed on your mortgage statement) is the best decision you can make – and one that may help you keep your home. They are your...

You’re home

Purchasing a home doesn’t have to be complicated. I can help turn your dreams of a new home into a reality. Contact me today to learn about my fast and easy process.

Get On To The Fun Stuff

Spend less time waiting for your loan to go through and more time decorating your new digs. From our online application to gathering your pay stubs and bank statements for you, we make getting a mortgage fast and easy. Let's go!

HERE’S AN EASY WAY TO SAVE WATER AND MONEY

You’ve probably heard that shutting off your faucet while you brush your teeth can save water, but did you know that some faucets are more efficient than others or that you can install a low-flow faucet aerator to save even more? Lower your monthly bills and water...

BUYING A SPACIOUS NEW HOME

Need more closet space for your constantly growing shoe collection? We can help get you out of your tiny rental and into a spacious new home!

TURN THAT TAX REFUND INTO A DOWN PAYMENT

Turn your tax refund into your own 3-bedroom, 2-bath piece of heaven this spring! It's a perfect way to transform your windfall into a long-term investment on your future. Let's get started.

First-Time Home Buyers

We can help you navigate your First Home Purchase.

CALL US AT 1-800-215-2454 TO DISCUSS YOUR NEEDS

Northeastern Realty can accelerate the process to helping you find a new home in Florida, Massachusetts, Rhode Island, and Georgia. We assist with our clients to get the right home and loan needed for your situation. Our team of  real estate agents and loan officers are here for you to get you through this important stage of your life. No matter if you are still searching for a home, or if you have already found the home of your dreams, Northeastern Realty can be an asset to you during the home buying process.

FREDDIE MAC

If ALL occupant borrowers are first time home buyers, then Home Buyer counseling is required on Home Possible® loans. For 2 – to – 4 unit properties, at least one borrower must complete a landlord education program.

FANNIE MAE

Homeownership education through any Fannie Mae approved agency is required on 1) all HomeReady purchase loans where all occupying borrowers are first time homebuyers.

FHA

Homeownership counseling is not required for FHA or VA loans.

VA

Homeownership counseling is not required for FHA or VA loans.

EDUCATION COURSES FOR YOUR HOMEREADY® AND HOME POSSIBLE® BORROWERS

When borrowers purchase their first home through the HomeReady® or Home Possible® programs, they are often required by Fannie Mae or Freddie Mac to complete a homebuyer education course to help them better understand the financial responsibilities of owning a home. The courses below provide a number of options for you to share with your borrowers, and they all follow guidelines from the National Industry Standards for Homeownership Education and Counseling.

FANNIE MAE

HomeView is a free online course accessible from a desktop, tablet or mobile and is made up of seven modules. It takes about 3-4 hours to complete, and borrowers can pause and resume at any time.

FREDDIE MAC

Homebuyer U is a free, interactive course made up of six modules that borrowers can complete at their own pace from a desktop, tablet or mobile.

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