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Buying a New Home?

Attend our Free Home Buyer Seminar

  • Overview

    Don’t Miss our Free Home Buyer Seminar

    Carly Schorr
    Member Home Loan
    Business Development Representative
    NMLS#1181234
    Cschorr@mhlcu.com
    832-912-2130

    text

    When: Saturday, March 28, 2020, 10:00 AM – 12:00 PM

    Where: AFFCU Corporate Headquarters, 1560 Cable Ranch Road, Suite 200, San Antonio, TX 78245

    Your Host: Carly Shorr, Member Home Loan, Business Development Representative

     

    RSVP Here

    Book Appointment

    Print a Flyer

    We invite you to attend our upcoming free home buying seminar. You’ll have the opportunity to learn expert home buying tips, tools, and valuable knowledge regarding the home buying process from Member Home Loan, Business Development Representative, Carly Shorr. Our free seminar will take place on Saturday, March 28, 2020 from 10:00 AM – 12:00 PM at AFFCU Corporate Headquarters, 1560 Cable Ranch Road, Suite 200, San Antonio, TX 78245.

    If you are a first time home buyer, you might be asking, “How much home can I afford?” “What are the different mortgage loan types?”, “How much down payment do I need?” Don’t worry! These are some of the many topics we’ll cover in the seminar, which is designed to help guide you through buying your home. If you have been dreaming about buying your first home, this is the perfect chance for you to get answers! Carly will be available to answer all of your questions.


     

    Mortgage Loan Interactive Lesson

    Explore how mortgage loans work through the AFFCU Financial Education Center. Learn the different types of mortgages, sources for obtaining a mortgage loan, and how to apply.

    Get Started

  • RSVP Here

    Mortgage Seminar RSVP Form

    • Please be sure to fill out the names of all guests planning to attend the meeting with you.
  • Resource Center

    Resource Center

    We’ve been working hard over the last few weeks compiling lists of resources that will be a starting point for a much bigger library that we hope to create long-term. The goal of our effort is quite simple – we want to provide as much education as possible – curated resources to both existing members and prospective members who are in the market but have yet to purchase a new home.

    100% Financing No Mortgage Insurance

    To Qualify: Full documentation of employment, income and assets. 680 or higher FICO score. 45% maximum debt-to-income. $400,000 maximum loan amount. 15 or 30 year term, fixed rate or ARM. Minimum 2 month reserves.

    100% Financing 20 Year Term

    To Qualify: Full documentation of employment, income and assets. 680 or higher FICO score. 43% maximum debt-to-income. $484,350 maximum loan amount. 20 year term, fixed rate or 5 year ARM only. 35% MI coverage. Minimum 2 month reserves.

    100% Financing 30 Year Term

    To Qualify: Full documentation of employment, income and assets. 720 or higher FICO score. 41% (700 FICO)-45%(720 FICO) maximum debt-to-income. $484,350 maximum loan amount. 30 year term, fixed rate or 5 year ARM only. 35% MI coverage. Minimum 2 month reserves.

    Bank Statement Program SE-ONLY

    To Qualify: Self employed (2+ years in same line of work). 740 or higher FICO score. 45% maximum debt-to-income. $484,351 maximum loan amount (JUMBO). 80% LTV. 30 or 15 year term – fixed rate or ARM. 24 months of bank statements. Minimum 3 month reserves.

    Bank Statement Program SE-CONF

    To Qualify: Self employed (2+ years in same line of work). 740 or higher FICO score. 45% maximum debt-to-income. $484,350 maximum loan amount (CONFORMING). 90% LTV. 30 or 15 year term – fixed rate or ARM. 24 months of bank statements. Minimum 3 month reserves.

    Bank Statement Program SE-JUMBO

    To Qualify: Self employed (2+ years in same line of work). 760 or higher FICO score. 45% maximum debt-to-income. $484,351 maximum loan amount (JUMBO). 90% LTV. 30 or 15 year term – fixed rate or ARM. 24 months of bank statements. Minimum 3 month reserves.

    Home Buying Process Wheel

    Home Buying Process: Meet with a Real Estate Professional. Get Pre-Qualified. Search For Homes. Make An Offer. Executed Contract and Escrow. Option and Earnest Money Delivery. Inspections and Repair Negotiations. Appraisal. Final Details. Walk Through. Closing Day.

How can we help you succeed?