I found a house I love, what’s next?

A freshly resurfaced part of Route 66Great question.

You’ve been online and driving around looking at home for months and you finally found the perfect house that you and your family can see living in and making memories.

You think your next step would be to contact a mortgage lender and make sure that you qualify for this house of your dreams and are comfortable with the mortgage payments.

Most times people jump to finding their dream house and worry about financing later. This could cause a problem for you in a hot real estate market where houses are staying on the market an average of seven days. You’ve spent valuable time and money which has now been wasted, especially when there is more than one offer for a home on the table.

When a seller is looking at all the offers submitted on their house, they are going to look at not only the price being offered, but is the buyer qualified for a loan. Have they talked with a lender, has the lender looked at their financials, tax returns, and credit score and verified funds? The seller wants to know that your offer on their house is going to close. Finding out what you qualify for before you find your perfect home is the first step to getting into your dream home.

To qualify for a home loan can take from 5-30 days, depending on how quickly you supply the documentation the lender needs, so all of the time you’ve put into finding your dream home has now been lost. So don’t lose your dream home, find out what you’re qualified for first.

For referrals for to great lenders contact me and I’d be happy to assist you.

Until next time!

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Want To Buy A Home – No Down Payment Save?

Have you been thinking that it’s time to purchase your own home, then you think…I don’t have enough money for a Down Payment???
There are some home buyer programs out there that help with or give you money for your down payment. A freshly resurfaced part of Route 66Some are grants, and others have to be paid back. Here is a Grant Based Down Payment Assistance Program offer by Academy Mortgage that is available.

  • This program is not limited to a specific cit or county, it is available State-wide in Colorado
  • The Grant is available up to 5% of the loan, and can be used for down payment, closing costs and/or up-front Mortgage Insurance Premium
  • Income requirements are only based on credit qualifying borrower. Unlike CHFA it is not tied to the entire household income.
  • Any qualifying borrower can participated! Not just first time home buyers.
  • Borrowers can own other property, as long as they occupy the property the use this loan for.
  • No minimum required borrower contribution.
  • In the even the grant covers the borrower’s down payment and closing costs, the borrower can receive their earnest money back at closing.
  • The rates are very competitive.
  • Minimum credit score, 640
  • The grant does not have to be paid back !
  • Income limit for Denver County for an FHA, VA or USDA laon is $88,200
  • Income limit for Denver County for a Conventional Loan is $108,920
  • Debt-to-income ration cannot exceed 45%
  • Property must be a single family detached or approved condo or townhome
  • No rentals or investment properties, no modular or manufactured properties, no 2-4 unit properties.
  • 5% grant is available for FHA, VA and USDA loans
  • 4% grant is available for Conventional Loans
  • A 1% origination fee will be added to the closing costs to originate loans with this grant program.

For addition information or to see if you qualify or to start your home buying process, contact:

Johanna Stubblefield

Academy Mortgage


300 Union Blvd., Suite 650, Lakewood, CO 80228





 Until next time!

Ruth Ann Cullis

Get Paid to Sell the Home You Can’t Afford!

CDPESolidLogoWhen the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their homes to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don’t know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

HAFA also helps the process go more quickly by mandating that banks keep in contact and make decisions in a timely fashion. To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!” by filling out the form below.

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

Ruth Ann Cullis




Do You Owe More on Your Home…

and you don’t know what to do.

You do have options. There are many people who are experiencing either a job loss, cut back in hours or pay with a job, loss of a loved one, divorce or relocation whatever the situation that has caused you to follow behind on your mortgage. The media give you different stories or situations that may have worked for one party but not another. I have had some clients say that they have been told to let the home go into foreclosure, don’t short sale, do a loan modification, don’t do a loan modification, etc. I’m finding that one solution that may work for one person may or may not work for another. So it is very important that you find out what your options work best for your situation.

I have found two different web sites that may help you decide what can work for you there is a lot of helpful information and checklists. Know Your Options and for those in Colorado The Colorado Foreclosure Hotline or call 1-877-601-Hope (1-877-601-4673)

Also don’t forget to talk with your tax accountant and or attorney to find out what tax and/or legal ramifications.

Until next time!

Ruth Cullis