Michelle Paxton

As a Senior Loan Officer, I am here to help you understand the home buying process, learn how to save for a down payment, and choose the mortgage that's right for you. Reach out at [email protected], via phone 408-891-0090, or visit my website at https://www.guildmortgage.com/michellepaxton ... #HomeownershipMonth #mortgages #homeloans #GuildMortgage

Create your dream home with one, single loan transaction when you wrap the costs of your home renovation into your Guild mortgage. Learn more at: https://bit.ly/3vOVatc or contact me at 408-891-0090 or [email protected] #homeownership #homeimprovement #homerenovations #realestate #mortgage #homebuyers

Guild offers a wide range of programs in the affordable lending space all the way to jumbo that creates opportunities for buyers, builders, and realtors. #mortgageloans #homebuyers #builders #realtors #guildmortgage

On Memorial Day, we honor and remember the brave individuals who gave their lives serving our country. #MemorialDay2021 #armedforces #thankyou

#GuildMortgage was among #HousingWire's top 15 lenders in 2020. With loan products to serve a wide variety of borrower needs, I am here to help you #ownwhatmatters! #mortgageloans #homebuyers #homeownership

Still a great time to sell and rates are still low and will remain low Q1

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Bridge Loans - COMING SOON! The Product Development Team is super excited to present Guild’s very own Bridge loan option that offers our borrowers a way to buy a new primary residence without having to sell their current home right away! With our very own service-retained Bridge loan, we can help borrowers that are looking to buy a new home to either move up, downsize or retire by writing a non-contingent offer and using the equity funds from their current primary residence f...or the down payment. In a very competitive seller’s market, a Bridge loan can also help your borrowers get the winning bid on their new dream home. A Bridge loan is a short-term loan secured by the borrower's current residence to provide down payment and closing costs to buy a new home and must be repaid within the first 6 months. The borrowers must qualify with the bridge loan payment, plus the new primary PITIA in the DTI. Benefits: Provides borrowers the ability to make a non-contingent offer on a new home Homeowners can make a purchase offer before someone else gets their dream home Great solution for homeowners needing to relocate for work or retirees Decreases the stress of a new home purchase Helps borrowers make the leap with a seamless process Let’s give our borrowers the competitive edge to make the next move! Bridge loan program details Bridge Loan Program Features: Bridge loan amount can be from $40,000 up to $250,000 Owner-occupied cash-out refinance SFR 1 unit, condos and PUD (no manufactured housing) Bridge loan term is a 6-month Interest Only CLTVs as high as 70% Credit scores as low as 720 for all borrowers Back end ratio max 45% DTI regardless of AUS findings on purchase of new primary residence Front end ratio N/A Exclude PITIA on the subject’s existing primary residence Include PITIA on borrower(s) new primary residence in the REO Screen Include Bridge loan payment in the housing expense section Guild must be the originating lender on the new primary residence purchase Eligible programs for new purchase: FNMA Conforming and High Balance FHLMC Conforming and Super Conforming Current primary residence must be under contract or listed for sale (MLS listing required) Full appraisal on current primary residence is required Originating Mortgage Loan Officer must be licensed to originate both transactions (New purchase and Bridge loan) Ineligible states: TX & VA Underwriting & Closing Bridge loan is underwritten and closed in by our Consumer Direct Operations Team Bridge loan and new purchase transaction must close concurrently When the purchase transaction is ready to close, the Branch Closer and the Consumer Direct Closer will coordinate the release of funds. The bridge loan funds must be wired directly to the purchase escrow/title company. Fees: 1.5% Origination Fee Additional fees apply: Appraisal fee Flood fee Recording fee Wire transfer Escrow & title fees

Bulletin 2021-008 January 20, 2021 FHA Permits DACA Status Recipients to Apply for FHA Insured Mortgages...Continue reading