About
My team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. We will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs. Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, I can help you find the right loan program at the lowest rate no matter what your needs are. My ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Unlike many of the larger nationwide mortgage companies that are out there, all your information will be kept secure and private with our name that is trusted throughout the community.
To speak directly with Jonas Kruckeberg, your experienced mortgage professional, simply give us a call anytime or feel free to utilize any of the interactive tools offered throughout the site. We look forward to working with you.
We specialize in home loans in:
Temecula, Murrieta, Wildomar, Winchester, Lake Elsinore, Hemet, Menifee, Sun City, Moreno Valley, Riverside, Corona, Palm Springs and surrounding cities.
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This is a personal web site, reflecting the opinions of its authors. There are many different contributors to this blog and in no way is it a production of any one employer or employee. On our Meet The Team page, you can learn more about each individual contributor and their employment information. Statements on this site do not represent the views or policies of anyone other than the post or article author.
The information on this site is provided for information and discussion purposes only, and is not a recommendation of any type for mortgage financing options or selecting a Realtor. Nothing in this website shall be construed as an offer to enter into a loan agreement, purchase a home, enter into a purchase contract, hire a professional of any kind or take any action whatsoever.
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Comment Policy:
(special thanks to The Arizona Mortgage Team for letting us borrow portions of his comment policy)
Reader comments are encouraged! But please, be civil. This does not mean you have to agree with anything I say here. In fact, I welcome debate and encourage people to express what they feel.
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Another Disclaimer Just In Case:
This is not a commitment to make a home loan. Not all people will qualify for a home loan. The terms and specifications contained herein are not guaranteed. Mortgage products may change at any time without notice. We make no guarantee, representation or warranty as to the accuracy of the information referred to on this website. The content of this website does not constitute professional or legal advice of any kind and may not be relied upon as such. The viewer is advised that they should consult with an accountant, financial consultant, tax advisor, and/or attorney before deciding to finance a home. We disclaim all liability that may arise out of any error or omission in the terms and specifications contained herein. We are not the government. Not available in all states.
Contact: admin@jonasloans.com
{ 8 comments… read them below or add one }
Ive been looking for info all over the net but have no clear answer. My wife bought a condo in Temecula while we were married. I was never on the loan or title and it never showed on my credit. She recently short sold the condo. Am i still eligible for an FHA loan by myself without including her income or credit even though we are still married? or do I have to include her info? I also have never used my VA Loan eligibility but am pretty sure I would have to include her info. Is a conventional loan my only option in excluding her on the loan? Thank you ahead of time for any clarity.
Hi Omar,
It is tough to find this type of specific information as each person’s scenario is different. You have some options so that’s a good thing.
First, VA will only recognize the short sale from your wife’s credit if there were significant late payments during the sale. Say if you went 90 days or beyond to accomplish the sale, the lender may feel your history is risky. VA takes into consideration the spouse’s debt but will place very little scrutiny on the short sale if the late payments were minimal or non-existent. If this is the case, your wife can actually go on the VA loan with you. If she’s off the loan, her credit/debt will still be considered.
Second, Conventional loans is certainly a good option if you have 20% down.
Third, USDA Guaranteed Rural Home Loans are the most solid option when it comes to leaving a spouse’s credit completely off the table. Go back to my website and watch this 3 minute video on some highlights, plus read the article as well to get the remaining bullet points to the advantages. Here are three things that could make your USDA loan go sideways:
1. Income limitations – your combined household income cannot be greater than a specific amount
2. If your wife has an income currently, they will probe until they discover why she’s not going on the loan – they don’t run the spouse’s credit, so that’s a plus, but if she makes income they want her on the loan – so for instance she would have to claim she is not making any money due to job layoff or cutbacks, etc
3. USDA has released a statement indicating they will run out of funds by the end of April with no time frame for replenishment. USDA always runs out of funds but the Gov’t replenishes within 2-3 weeks, this time, however, that is not the case.
In conclusion, I suggest you try VA first. If 20% is too much then stay away from Conventional for now. USDA is a good choice but the three disadvantages above could make it a distant third in priority.
Lastly, you have inspired me to write several columns about situations like these. Short sales from one spouse are not uncommon. People need to know their options and you Omar have a great option with VA. Let’s continue this discussion if you’d like on the phone or in person at my office in Temecula. I’m here to help.
can you get the tax credit and also apply for a reverse mortage????? or must you wait the designated time limit.
Femma,
Are you speaking of a Reverse Purchase? If you are, great question. I will look into it.
Jonas
Can I get the tax credit if my wife refinances and puts me on title (i’m not on the lona or title currently)? It would make me a first time home owner, right? If not, why not?
Jerry,
You are refinancing, not buying. You cannot be eligible as a first time home buyer if you are refinancing.
Jonas
1. Income limitations – your combined household income cannot be greater than a specific amount2. If your wife has an income currently, they will probe until they discover why she’s not going on the loan – they don’t run the spouse’s credit, so that’s a plus, but if she makes income they want her on the loan – so for instance she would have to claim she is not making any money due to job layoff or cutbacks, etc3. USDA has released a statement indicating they will run out of funds by the end of April with no time frame for replenishment. USDA always runs out of funds but the Gov’t replenishes within 2-3 weeks, this time, however, that is not the case.
+1
1. Income limitations – your combined household income cannot be greater than a specific amount2. If your wife has an income currently, they will probe until they discover why she’s not going on the loan – they don’t run the spouse’s credit, so that’s a plus, but if she makes income they want her on the loan – so for instance she would have to claim she is not making any money due to job layoff or cutbacks, etc3. USDA has released a statement indicating they will run out of funds by the end of April with no time frame for replenishment. USDA always runs out of funds but the Gov’t replenishes within 2-3 weeks, this time, however, that is not the case.
+1
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