Author Archives: mattwatts2

Great news for People interested in purchasing an existing manufactured home in rural Michigan! You now have more opportunities for financing through USDA Rural Development’s low-interest, no-down-payment home loan programs. Michigan is participating in a pilot program that makes existing manufactured homes constructed after January 1, 2006, eligible for USDA home loans. Previously, only new manufacturedContinue reading “USDA Rural Development Expands Loan Eligibility to Manufactured Homes”

STUDENT LOAN DEBT, INCOME-BASED REPAYMENT PLANS, AND HOME MORTGAGES DENIED DUE TO STUDENT LOAN DEBT. In the past if you were trying to get a home mortgage and you have college student loan debt home mortgage lenders were required to use the 1% rule; which means that if you have $50,000 in student loans theyContinue reading “STUDENT LOAN DEBT AND HOME MORTGAGES”

How do I buy a home that has repair issues or things that need to be repaired before I can get financing? At Icon Mortgage and Matt Watts at mortgagemattmi.com you can get approved for a home mortgage for a home that may have appraisal or inspection issues that cover roof damage, peeling paint, heating/cooling missing unitContinue reading “HOME REPAIR ESCROWS”