fha pmi
At 80% loan-to-value, which is putting 20% down, there is no longer a requirement for private mortgage insurance. Therefore putting 30% down would also eliminate private mortgage insurance.

When I'm shopping around for a 30-year FRM, should I be considering interest rates or APR?
Both. The APR is a great way to compare closing costs between lenders. If the rate is the same but the APR is higher then that lender's costs are higher. If the rate and APR are close then that lender's costs are lower.We are a licensed Louisiana lender with offices in Covington and Metairie...

How strict is FHA home approval during appraisal?
Its hard to say how they might determine or assess the damage. FHA appraisals must meet HUD guidelines before a purchase can take place. Normally, in the case of repairs to be made, the appraisal will state what will need to be repaired in order to meet the guidelines. Once the repairs are completed, a...

usda loan jurisdictional requirements
I would be happy to assist. Do you have an exact address of a home you are considering? I can look up the address in our system which is the only way to be sure.You can respond directly to me at kmorgan@arborlending.net or call 985-867-8334Thanks!

What might be best rate for a 625 credit score and 12K to put down??
It would depend on the purchase price, but with a 625 credit score the best option will be the FHA loan program. The rates for those programs & score start at 4.375% today. If you are able to put a full 20% of the purchase price down, you could qualify for other programs as well. Feel free to call us at...

can i use just my income for usda qualification?
With USDA you can be on the loan without your spouse. However all household income and joint debts do come into play to hit certain qualifiers. You may have some options. Feel free to give us a call at 985-867-8334 and we can work through those options. We are a local, Louisiana based lender who is going to...

Do i meet the usda income requirement
Your best bet is with a USDA Rural Development loan. Give us a call at 337-474-7283 and we will get you prequalified at no charge!

can i refi from a fannie loan to VA ?
You sure can! We are a locally owned, Louisiana based lender that handles VA loans. I would be happy to provide you with a free, no obligation analysis. I can be reached at 985-867-8334, kmorgan@arborlending.net www.arborlending.net

is mortgage insurance different depending on property type?
It does vary based on property type. I would be happy to give you a quote once I know the variables involved. I am based in Louisiana and can be reached at 985-867-8334Thanks Kevin Morgan kmorgan@arborlending.net

were are loans with lowered down payment for first time home byers ?
We have 100% financing available to qualified buyers in many areas of the State. Arbor Lending Group is a locally owned, Louisiana based company that will work with you to find the best program and terms to suit your needs. Feel free to call 985-867-8334 or visit our website: www.arborlending.net

Who is responsible for closing costs on a home?
Typically the buyer and seller each have costs involved in a sale. Each are responsible for paying for their own required items. That being said, the buyer's side is substantially more. A seller can pay a buyers costs (with restrictions) if both parties agree. This is normally negotiated up front when...

cannot be on mortgage because of credit - can i gift my wife funds for down payment?
Yes, it should be allowed with several, if not all, programs we offer with proper documentation. If you would like to get prequalified with a Louisiana based lender, please let me know. Kevin 985-867-8334 kmorgan@arborlending.net

what is the best 30 year fixed rate in New Orleans?
We are a local, Louisiana based lender with an office in your area. Rates will vary by program and your situation. When you get a few minutes give me a call at 985-867-8334 We can get a few details and give you a quick quote based on you own situation. We are also on the web www.arborlending.net

I'm a veteran and want to buy my first home. What is the process?
Hi Will. I would suggest you get with a lender who is based in LA and has experience with VA lending. It is really not a difficult process and we can help you with the prequalification process and getting your Certificate of Eligibility from VA. You will also find our rates are some of the lowest in the area. We...

how can I get home equity loan after previous foreclosure over 10 years ago
We have several programs that can assist you. Please call me at 985-867-8334 and I would be happy to help. I am a local lender based in Covington that knows and understands the local market. Thanks. Kevin Morgan / Arbor Lending Group

April 26, 2016I need your correct email; I was not able to use;gretchen@lender411com.
kmorgan@arborlending.net

First time home buyers grant
Yes, we can handle the grant program. Call Arbor Lending at 985-867-8334 for additional information. General requirements- 640+ credit score, income limit varies by Parish, but can go up to $95K in some area. Thanks- Kevin Morgan, Arbor Lending kmorgan@arborlending.net

I want to purchase a vacation home. How much do I need to put down? I was told 25%
It would be considered a 2nd home. You will have options with as little as 10% down. I would be happy to help. I am local kmorgan@arborlending.net