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Maple Tree Funding Featured in Mortgage Professional America Magazine

Posted in About UsPosted by Maple Tree Funding

Want an inside look at how Maple Tree Funding became the trusted, successful mortgage firm it is today? Check out the most recent edition of Mortgage Professional America Magazine! Maple Tree Funding President Marty Pfeiffenberger – who is also the president of the New York Association of Mortgage Brokers (NYAMB) – was featured in a May 19th article that spotlighted the Albany mortgage broker. In the article, Pfeiffenberger details how Maple Tree Funding has grown…

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What is the Minimum Credit Score for an FHA Mortgage?

Posted in Government Mortgages, Mortgage & Refinance ProgramsPosted by Maple Tree Funding

Unfortunately, there isn’t just one answer to the question “what is the minimum credit score for an FHA Mortgage.” Obtaining a mortgage is more than just having a good credit score. It also includes factors like having a steady income (work history) and reserves or assets for a down-payment. These additional factors along with your credit score help to determine whether or not you qualify for an FHA mortgage. The FHA Department of Housing and Urban…

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How the New York STAR Program Helps Lower Your School Taxes

Posted in Home Buying Tips & InfoPosted by Meghan Flewwelling

A lot of items will make the list of “must-haves” when you begin searching for your new home.  Two items that commonly rank high on this list are: a good school district and low taxes. Unfortunately, those two items don’t always go hand in hand, but New York’s STAR program can help with this. What is the New York STAR Program? The NY STAR Program is the School Tax Assessment Relief program, and is a tax…

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How To Find A USDA Eligible Property

Posted in Mortgage & Refinance ProgramsPosted by Maple Tree Funding

In order to qualify for a New York USDA loan, you must meet certain criteria based on your personal finances. Some of these requirements include: Meeting an established debt-to-income ratio Providing a satisfactory work history Satisfying income limitations Meeting credit score minimums But in addition to meeting these personal finance requirements, the property you are interested in buying must meet specific requirements as well. So how do you find a USDA eligible property? Which areas in New…

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Do I Qualify For a USDA Loan?

Posted in Mortgage & Refinance ProgramsPosted by Maple Tree Funding

If you’re interested in buying a home in a rural area of New York state, a New York USDA loan may be a good mortgage option for you to consider. USDA mortgages are designed to help people purchase homes in designated rural areas. Offered by the United States Department of Agriculture, these loan programs allow for 100% financing and offer a number of additional benefits to homebuyers, including: Competitive interest rates No cap on seller’s concession (based…

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