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Many options for first time buyers
Includes traditional 5% down
Risk scores as low as 620
Absolutely no money down!
Low 30-year fixed interest rates
Flexible credit guidelines
Only 3.5% down
Risk scores as low as 580
Down payments may be gifted
Minimum 62 years of age
Backed by the FHA
No income or credit requirements
Kline Mortgage & Lending LLC is changing lives one loan at a time by offering competitive rates and extensive loan program options for our customers. As company president, I have been servicing Genesee, Oakland, Shiawasee, and Livingston counties with their mortgage needs for 15 years. Whether you’re a first time home buyer, move-up buyer, or existing home owner looking to refinance, let our mortgage experts at Kline Mortgage & Lending LLC help you get a quick turn-around and lowest closing costs on your loan.
We work hard to make your mortgage lending process as smooth as possible. It is our goal to bring you the best in the industry for rate and cost of your mortgage. We are an honest company that doesn’t charge any hidden fees on your rate as some of our competitors.
Call us TODAY and let us show you how quick and easy it is to get started (810) 239-0343.
Tax deductions
More stable housing costs
You control your property
Building wealth
There are two commonly accepted guidelines used by lenders to help determine your ability to make mortgage payments.
Your monthly housing costs (including mortgage payments, property taxes, homeowner and mortgage insurance, and homeowner's fees) should total no more than 28% of your monthly gross (pre-tax) income. Your income includes regular pay from your job, funds from a part-time or second job; retirement, VA and Social Security benefits; disability; welfare and unemployment benefits; alimony and child support.
Your monthly housing costs plus other long-term debts such as payments on car loans, student loans or other installment debts (with more than 10 months to repay) should total no more than 36% of your monthly gross income.
Depending on your income, you may qualify for special loan programs that can enable you to apply for a larger mortgage than you would normally qualify for under these guidelines.
Before you begin your home search, it's a great idea to secure pre-approval. It gives you a definite idea of what you can afford. It shows sellers that you are serious about buying. You'll be able to make an offer as soon as you find the right house, which is especially important if you aren't the only interested buyer.
To begin the pre-approval process, you'll need to assemble the following financial records for your lender:
Pay stubs for the past 30 days
W-2 forms for the past 2 years
Information on long-term debts
Most recent statement for all retirement accounts
Bank statements for the past 3 months
Copy of driver's license, front and back
Proof of any other income
Contract of sale
David Kline- President
(810) 239-0343
or email klinemortgagelending@gmail.com
NMLS:
Kline Mortgage & Lending LLC NMLS #1237260
David N Kline NMLS #1196869
Absolute no money down. Low 30-year fixed interest rates. Closing costs and pre-paid items can be financed into loan amount up to approved value. Eligible gifts allowed. Seller can pay up to 6% of the purchasing price for your closing costs. Maximum mortgage limit is $417,000. No reserve or down payment required. Flexible credit guidelines.
Many program options for first time home buyers. Programs include traditional 5% down payment. Risk scores as low as 620. Great alternative to an FHA loan with up to 3% down. Entire down payment can be gifted. No income limits or location limits like rural development.
Only 3.5% down. RISK scores as low as 580. Down payments may be gifted by relative. Expanded debt ratio program. Low 30 year fixed interest rates. Six percent of the closing costs can be paid by the sellers. Thirty-six months from bankruptcy or foreclosure with 3 open lines of credit.
Absolute no money down. Minimum 62 years of age. Equity in home becomes tax-free monthly income. No monthly mortgage payments. Funds from home can be used for any purpose. No income or credit requirements. Backed by Federal Housing Administration (FHA).
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