Universal Mortgage & Financial Services

Mortgage insurance is funded into the loan, meaning a premium of 1.5% is added to the loan balance instead of being paid out-of-pocket. In addition, a small portion for the mortgage insurance premium is added to the monthly payment, but it is far less than private mortgage insurance premiums..
As of January 1, 2009, Borrowers can finance 96.5% of the purchase price and put down 3.5 percent. In some instances, when combined with other types of loans, the down payment can be zero
Allowable debt ratios are higher than the debt-ratio limits imposed for conventional loans.

We Provide Superior Business & Financial Services to Individuals, Groups, and Organizations.

Welcome to Universal Mortgage and Financial Services, LLC ! We are professional seasoned financial company of Mortgage lenders, Accounting, Management and Financial Consultants that provide elevated standards of expertise in Finance, Accounting, Mortgage Brokering, Insurance Brokerage, Tax Preparation and Consulting, Business Consulting and more! We always providing superior personal service to buyers. We take pride in knowing that 70% of our business comes from repeat clients and their referrals.

Universal Mortgage & Financial Services (UMFS) Our personal goal is to break through the barriers that impede homeownership for those who wish to realize the American Dream. We provide potential and current homeowners the opportunity to find the best mortgage loan for their needs.

We match buyers to loan programs. We have an extensive questionnaire for our buyers to list their wants and needs. We then take this questionnaire and put the supplied information to match buyers to the loan packages matching their criteria.

UMFS's consulting group is also focused on serving the comprehensive needs of businesses in the Washington D.C. Metro area and more witha a full range of the business cycle. With our staff of experienced finance and accounting professionals, and a team approach to most consulting projects, UMFS will be able to offer a more balanced quality service than many of our competitors.

UMFS is a team of consultants specializes in a particular discipline, including finance, sales, tax/accounting, and marketing, pay roll, book keeping, management, business operations, and human resources.

UMFS offers a list of services for business owners to choose from, depending on their particular business needs. This includes; business and marketing plan preparation, financial search and procurement, book keeping, cash managment, management development, human resources advising, and etc.

UMFS currently has a focus as well on start-up businesses, preferably in the earlier stages of operation. Small and mid-sized businesses make up a sizable majority of U.S. and international markets. UMFS prefers to establish a relationship with a younger operation and continue to nurture that relationship over the long term.

Please feel free to brouse our website and view the variety of services we have provided to individuals, groups, families, and businesses within the D.C. / Northern Virginia/ Maryland metro area. Contact us today, we will be honored to assist you!

Free Credit Score

The first step in any process that involves applying for credit is to obtain a copy of your credit report. Some states have passed legislation giving consumers the right to receive free credit reports . They are Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey and Vermont.

However, federal laws also make it easy for anyone to obtain one free copy of their credit report every 12 months. You can obtain a copy of your credit report online, safely and without risk by pasting this secure site into your browser: http://www.annualcreditreport.com.

Fee-based Credit Report CompaniesDo not use suspicious companies that collect a fee from you to obtain your credit report because you might be disclosing your social security number to criminals. Make sure that you have a secure connection, like https, before submitting confidential information, and try to do business with companies you know.

Watch out for companies that pitch free reports and try to snooker you into signing up for additional services you do not want to order. The additional services offered such as notifying you if somebody accesses your credit score are definitely not free.

FHA Loans Demand Fewer Repairs
At one point, FHA repair demands were so excessive that sellers would discount the list price to buyers who would agree to obtain conventional loans over FHA loans. Today the FHA repair guidelines appear more reasonable.

Defective roofs that leak still need to be replaced but an older roof does not necessitate replacement if it doesn't leak.
Windows that stick upon opening or have cracked panes do not require replacement.
FHA appraisals do not take the place of a home inspection, never have. Buyers should still obtain a professional home inspection.

FHA loans are available to anybody but are used most often by first-time home buyers and low- to moderate-income buyers. However, there are no income limit qualifications.