Syracuse Securities Inc. Mortgage Professionals NMLS 134875

In honor of #Nationalwearreday we wore red to raise awareness about cardiovascular disease.

The short answer: Immediately. That is, if you want to buy a home at some point in the next year, or anytime thereafter. #househunting #realestate #syracuse #cny #home #buyingahome #home #house #mortgage https://www.thetruthaboutmortgage.com/when-should-you-star/

A Limited 203K allows you to do relatively minor repair work. Things like kitchens and bathrooms. #home #homerenovation #homerepair #homebuyer #househunting #realestate https://themortgagereports.com//fha-203k-loan-mortgage-len

An FHA 203k loan, (sometimes called a Rehab Loan or FHA Construction loan) allows you to finance not one, but two major items 1) the house itself, and; 2) needed/wanted repairs. Because the lender tracks and verifies repairs, it is willing to approve a loan on a home it wouldn’t otherwise consider. #home #homerenovation #homerepair #homebuyer #househunting #realestate https://themortgagereports.com//fha-203k-loan-mortgage-len

Thank you to everyone who contributed to the YMCA of Greater Syracuse winter coat drive at Syracuse Securities. Including our neighbors ConvergeOne, Renzi Foodservice and Genex Services! #happyholidays #givingseason

The FHA loan program might be a good idea for many first-time buyers, particularly those who don’t have a lot of money saved up for a down payment. It can also be a good option for borrowers with relatively low credit scores, as explained below. FHA home loans require a down payment equaling 3.5% of the home’s purchase price or appraised value, whichever is less. This is partly what attracts borrowers to this program in the first place. #mortgage #syracuse #realestate #firsthome #homebuyer #househunting http://www.fhahandbook.com//fha-good-for-first-time-buyers/

This month, Syracuse Securities is supporting the YMCA of Greater Syracuse and holding a Winter Coats, Gloves and Hats drive. Donate a keep someone warm this #winter! The donation box is located at our office in East Syracuse. #syracuse #nonprofit #donate

Don't get #spooked by #mortgages and the #homebuying process. Our team is here to help! #househunting #halloween #syracuse #CNY #homebuyers #realestate #realtors

The FHA vs. conventional down payment comparison has become tighter over the last couple of years, due to policy changes made by Fannie Mae and Freddie Mac. #mortgage #homemortgage #househunting #CNY #Syracuse #newhome http://www.fhahandbook.com//fha-vs-conventional-down-paym/

Conventional loans come in 15, 20, 25, and thirty-year terms. Some lenders even offer 10-year conventional loans. https://themortgagereports.com//how-to-buy-a-home-conventi

A conventional (or conforming) loan is a loan that is not formally backed by any government entity such as FHA, VA, and USDA. Rather, it is a loan that follows guidelines set by Fannie Mac and Freddie Mae, two agencies that help standardize mortgage lending in the U.S. #home #mortgage #homemortgage #CNY #syracuse #househunting #newhome https://themortgagereports.com//how-to-buy-a-home-conventi

In order to be eligible for this max financing, borrowers must meet certain credit score requirements. In short, home buyers who want to make the lowest possible down payment (3.5%) must have a score of 580 or higher. http://www.fhahandbook.com/blog/maximum-loan-to-value-ratio/

If you plan to use an FHA loan to buy a house, you’ll be limited to a certain loan-to-value ratio, or LTV. The maximum loan-to-value for the FHA mortgage insurance program is 96.5%, according to official HUD guidelines. This means eligible borrowers can make a down payment as low as 3.5% of the home’s value or purchase price. #mortgage #home #realestate #homemortgage #CNY #Syracuse #househunting #newhouse #newhome http://www.fhahandbook.com/blog/maximum-loan-to-value-ratio/

Syracuse Securities is supporting the YMCA of Greater Syracuse and its Urban Swim Initiative. Donate a swimsuit, change a life. A donation will ensure that children are prepared to succeed and have fun. Please drop off a new swimsuit at Syracuse Securities or at the YMCA's Downtown Syracuse location. #nonprofit #donation #syracuse #YMCA