Burton Jamison is licensed by the State of Maryland as a Loan Originator (Maryland only) through Compass Point Mortgage Corporation.   Call Burton for product availability at 410-643-0222.

For Properties In States Other Than Maryland, please go to LowRateMortgages.com home page!

For Help With Late Mortgages - LoanModster.com - Do It Yourself Loan Modification Guides.

Fannie Mae DU Refi Plus Easy Refinancing Page in all 50 states and D.C.

President Obama's Making Home Affordable Loan Program

USALowRates.com & Listing of Mortgage Related Domain Names For Sale

Fuzzy Floozy Koozies available!  Click Here

Web Site Design - American Web Page Design

CMC is now operating as an advertising service/ lead generator.

 

On Line Pre-Qualification 
Intended for use by Real Estate Professionals Only

This is a 30 year fixed (no balloons) mortgage and is available in the entire state of Maryland.

I requires 3% down payment, with only 1% of which must come from the borrowers own funds.

The balance of the down payment and closing costs can come from a gift, grant, installment loan, or a down payment assistance program (DAP).

Minimum down payment 3%, maximum down payment 50%.

Source of down payment: Any combination of borrower's own funds (including cash on hand...), gift, grant, installment loan, DAP.

Income cannot exceed 80% of median income for area (no income limit for Low Income Census Tract purchases).

Borrower does not have to be a first time home buyer, but cannot own any other property at the time of closing.

Property types: Owner occupied 1-2 units, condos, PUD's, manufactured homes, double wides on permanent foundation.

Reserves: 2 month PITI reserves of borrower's own funds.

Closing Costs/ Prepaids: Seller, gift, grant, installment loan, DAP. Maximum 3% seller contrbution.

Debt ratios up to 45/45 with housing increase 25% or less; 38/38 if more than 25% housing increase.

Maximum loan amount $240,000 1 unit; $307,100 2 unit.

Homebuyer education not required, but recommended for first time buyers.

Call the office for no credit, limited credit, and established credit guidelines.

Undocumented income will be considered...

Please call the office prior to writing any contracts..

Rates and guidelines subject to change without notice.  There is no guarantee that all loans meeting the above criteria will be approved.