Profile picture for John Cushma

John Cushma

Confirmed Lender

Loan Officer

Specialties:
Purchase Loan,
Refinancing,
Mortgage Planning,
Reverse Mortgages

Advice

  • (39 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

Possible first time home buyer?

Answer

I can help stage a game plan and prepare you to purchase the home of your dreams.  Please reach out to me via my profile.  Thanks!

  (0)
Mortgage approval in Pa with less than stellar credit. Great debt to income ratio.

Answer

What score do you consider "less than stellar"?Keep in mind, that even though your charge offs may be outside the statute of limitations, you will still be required to pay them off, settle for less, or reach some form of payment plan with the creditor.Per the new mortgage laws that were enacted in 2014, you can no longer have any sizable collections on your credit report unless they are medical.Feel free to reach out to me for a pre-approval consultation.Thanks!

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Can I get preapproved for FHA with OK credit.

Answer

You scenario sounds like a great one to me.  I can do FHA loans down to 580 mid score.  Based on your scenario of 620 and 700 for your respective scores, we would need to go off the middle score from the lower of the two of you.  However, based on your information, it seems like it shouldn't be a problem.  Contact me to speak about pre-approval through my profile.  Thanks!

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FHA loan and USDA Rural Area Development loan

Answer

I would love to help educate you in the differences between the USDA loan and FHA loan products.  It really depends on which area you are looking to purchase in to determine which is the best option for you.For example, I see you are from Pittsburgh (like myself).If you wanted to purchase in/around the city, your only option is FHA.  However, say you wanted to purchase somewhere near the airport, or further North, South, East, of the city then USDA might be a good option, as you can put ZERO down and bring nothing to closing.  I always structure my USDA deals so the client brings nothing.  It's an awesome feeling.Contact me today through my profile.Thanks!

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Need help getting a mortgage in Mansfield pa area.

Answer

I would love to speak with you regarding credit repair, because that is one of my niches.  I have a lot of success helping clients rebuild/repair their credit, and then purchase a new home.  It sounds like you are on the right track.  Maybe I can help more.  Take the first step on the road to homeownership and contact me through my profile.  Thanks!

  (0)
FHA loan approval?

Answer

A situation like yours is fairly common.  I just had a buyer close on her new home with her father (great income / credit) as a co-signer.  This is also called a "non-occupying co borrower".  FHA is the only loan type that provides for the loan to be approved using the non-occupant co-borrower income and not focus so much on everyone else.  A Conventional loan or other loan type does not allow for that and wants you to qualify on your own.In short, I would really like to chat with you more, because I can approve loans up to 56.999% Debt to Income, and also provide your information to underwriting for a "pre-approval commitment" within 48 hours.  This will give you peace of mind before signing any contracts with builders or realtors.Please contact me through my profile if you are interested.Thanks!

  (0)
2 Years of Consecutive Income for FHA?

Answer

You can absolutely buy a new home here in Pittsburgh, but you will need 30 days of paystubs for your new job prior to closing.  This is very common for buyers to switch jobs, because there is no "company loyalty" like there was many years ago.  I actually have a buyer that is waiting for his second paystub for a new job so that we can issue the final approval and get him into his home.  One note, you may want to make sure it is in the same line of work to avoid any potential headaches or problems.  FHA Is pretty liberal about things like this, but you want to make sure you work with a liberal lender like myself.Feel free to contact me through my profile to chat more and find out about getting pre-approved.Thanks!

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FHA Loan with girlfriend

Answer

It is very common for a young couple (boyfriend/girlfriend) to buy a home together and obtain a mortgage in both of their names.  I actually had a boyfriend/girlfriend couple purchase a home two weeks ago.  After the closing, they went to their new home, and he proposed to her as soon as they walked in the door.  I was privy to all of this information, because he had taken out a rather sizeable loan for the ring right before closing.  It was a really cool moment when the final documents were signed, because I knew what was coming next.  She had no idea.  =)Anyways, you can go either FHA or Conventional with those credit scores.  It will all fall back upon how much money you have saved up, and which program is best suited for your needs.I would love to chat with you more, as I really enjoy working with buyers like yourself.Please contact me through my profile for a quick pre-approval consultation.  It takes about 10 minutes and will help us gauge what you qualify for, and also what you need for closing (roughly).Thanks so much!

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