Profile picture for Tom Winzenburg

Tom Winzenburg's Advice

Contributions are sorted newest to oldest.

  • 45 Contributions
  • 1 Best Answers
  • 0 Helpful

Tom Winzenburg wrote:

Any available down payment programs in Columbia Tn?

Answer
Hi. If you qualify, we offer the Tennessee 1st time buyer THDA bond program. It provides up to 4% of the home's purchase price to be used towards a downpayment and/or closing costs. Click on my name to go to my profile where you will find my contact information. Let me know if you would like more information about the program. We lend throughout TN. Thanks.
3 days ago
(0)

Move up buyer holding on to starter home

Answer
Hi. You can keep the current home as a rental and buy another home as your new primary residence with as little as 5% down with a conventional loan. However, your debt ratios will need to cover holding both mortgages unless you have 30% or more equity in the current home. If you do have equity, lenders can count the forthcoming rental income into your debt ratio calculations (if needed). Let me know if I can be of help with your new mortgage. Click on my name to go to my profile to find my contact information. I no longer live in the twin cities area as I moved to TN about 4 years ago, but I am originally from MN and lived/worked in that area for many years. I can give you lots of references if needed. I have great rates and low fees and guarantee you will receive superior, fully informed service along the way. Good luck!
4 days ago
(0)

Va Loan -Memphis,TN

Answer
Hi - Just checking to make sure you rec'd my email per your request earlier today?
July 07
(0)

Va Loan -Memphis,TN

Answer
It sounds like you are in a decent position to get pre-approved although an underwriter will want the prior credit issues explained in a brief letter. If you are still checking into lender options I'd love to help you with your VA financing and we lend throughout TN. Click on my name to go to my profile where you will find my contact information. Thanks and good luck!
July 07
(0)

Can I get a mortgage being self-employed?

Answer
How much income did you take from the LLC last year? And would a 2014 YTD P&L of the business show profit?
June 30
(0)

Can you still get a 5% down loan if your looking to buy a second home.

Answer
It's sounds like you would be buying the new home to be your primary residence, correct?  if yes, you can get traditional financing with 5% down on the new home - as long as you can still qualify while carrying both mortgages. Unless you have a lot of equity in the current home (30% or greater) an underwriter will typically not allow any rental income from the current home to offset the current mortgage pymt.I am in Knoxville and would welcome the opportunity help you with your mortgage needs and  help you to navigate your options. I have been in the mortgage business for over 18 years. Please click on my name to go to my profile if you would like to contact me for more information. Thanks and good luck!
June 02
(0)

Mortgage Loan Question

Answer
Depending on your circumstances you may qualify for the FHA Back to Work program. Click on my name to go to my profile if you would like to contact me for more information. I now live in TN, but am originally from MN and I still lend there. Would love to help you out if I can.
May 08
(0)

Can anyone tell me if i can get a mortgage loan with a credit score of 630?

Answer
Sarah - with USDA loans many lenders want to see a 640 mid score or higher. We will consider down to 620 on that program. Let me know if you would like to try and get pre-approved with me. I'm in Knoxville, but we lend throughout TN. I having been doing mortgages for over 18 years and our company is the fastest growing in the US the past 2 years. I will make sure you are well taken care of.
April 22
(0)

Can anyone tell me if i can get a mortgage loan with a credit score of 630?

Answer
Yes you can.  We will consider scores down to 580. Click on my name to go to my profile if you would like to contact me for more information and to fully explore all your options. Thanks!
April 22
(0)

FHA mortgage after bankruptcy & foreclosure

Answer
Hi - I/we do the FHA back to work program and are licensed in MN.  I actually now live in TN but used to work and live very close to you (I was in the Hastings, MN area). Depending on when your BK was actually discharged you may qualify for the regular FHA program too. If you don't mind working with someone who is now out of state, I'd love to help you out. I've been doing mortgages for over 18 years now and will make sure you receive honest and professional service. I still work with many borrowers in both MN and WI. Click on my name to go to my profile for more info. Thanks and good luck!
April 08
(0)