Ricky Khamis's Blog: About

BK0013635

Name:Ricky Khamis
Company:Amerifirst Financial, Inc.
Email: Contact Ricky Khamis, NMLS 173141 | CADOC 173141 - 480-339-1565 (Amerifirst Financial, Inc.)
Website URL:http://www.AFILending.com
Office:(480) 344-1900
Mobile:(602) 758-7425
Address:1550 E. McKellips Road, Suite 117, Mesa, AZ, 85203
Description:With a tireless pursuit of knowledge in Mortgage Lending Ricky is always in front of any potential change, positive or negative, regarding lending guidelines.

About Us:

NMLS# 173141 | CADOC 173141 | LO-0911814 | BK0013635

 

A veteran loan officer and an innovator in the real estate industry, Ricky Khamis is the branch manager in the corporate office of AmeriFirst Financial, Inc. where he oversees an annual loan volume of $150 million. His in-depth understanding of bond markets and ability to accurately gauge the direction of interest rates has helped him consistently rank within the top 1 percent of lenders for the past 10 years.

 

Ricky is also a subject matter expert who assists real estate professionals and executives with growing their businesses. He is an instructor at the Arizona Academy of Real Estate where he has taught hundreds of realtors and loan officers how to develop high-yielding internet marketing campaigns. His innovative system allows them to create a prominent presence on the World Wide Web using proven tactics. He has taught classes in Arizona, California, Colorado, Texas, and Utah. Additionally, he coaches and consults with business executives through his company, Barrier Breaker Coaching, LLC (est. 2014). He also conducts presentations and publishes articles about internet marketing development and sales tactics.

 

Ricky attributes his success to discipline, dedication, and drive; commitment to continuous education and growth; and an exceptional ability to open doors others cannot. These traits coupled with technological, web site building, and social media expertise allow him to provide high-level advice, tools, and resources for his clients.

 

Ricky received training from The CORE Training, Inc., a premier real estate and mortgage coaching company that serves top producing loan originators and real estate agents throughout the country.

 

Earlier in his career, Ricky served in the US Army as an infantryman with the 3-505th 82nd Airborne Division at Fort Bragg North Carolina. He was awarded the Army Achievement Medal and four Army Commendation Medals, and he was named Soldier of the Month.

 

 

Ricky and his wife, DeShawn, have created a strong and loving modern family that includes their five children: Jalen 19, Aryana 17, Austin 16, Drake 11, and Kaden 9. 


Areas of Expertise

FHA Loan Limits in Arizona for Maricopa county currently sit at 271,050.00 the down payment requirement is 3.5% and the UFMIP (Up Front Mortgage Insurance Premium) is 1.75% (on average). The monthly mortgage insurance is 1.35%. Arizona FHA Loans are great for first time home buyers, you can get a gift for the down payment and the seller can pay all your closing costs. Conventional Loan Limits are 417,000 above 417,000 you would be in Jumbo Mortgage territory.

 

FHA, Conventional and Jumbo Mortgage Financing in Arizona

I am an expert Arizona Veteran Lender and FHA, Conventional and Jumbo Mortgage Lending guidelines, which has been a benefit to my customers because I can usually get them a lower rate if the loan is submitted right. Having the ability to KNOW when we have a deal is very comforting to my Referral Partners, I read the guidelines constantly staying up to date on all the changes. The Things that you should expect when using an FHA, Conventional and Jumbo Mortgage to finance a home are:

For an Arizona FHA Mortgage Your Debt to Income should be lower than 44% Your TOTAL Housing Debt should be less than 33% You have to have held the SAME type of job for the previous 2 years with an obvious probability of continued employment. Loan amount in Arizona cannot exceed 271,050.00 Loan amount in California cannot exceed 729,000.00 Down payment must be verifiable from an acceptable source. Acceptable sources: Savings Checking Gift from family Gift from Non-Profit Gift from Employer If married your spouse’s debt will be included in the total Debt to Income if they are not going on the loan. Credit score of 620 or better. The best thing you can do for you and your family to get pre-qualified by a Full Eagle lender. That mean we have the ability to underwrite, doc and fund your loan in house. If your credit situation is unique we have the ability to walk into the underwriter who will be approving your loan and get what is called a Credit Approval. That way you never put your escrow down payment at risk.For a FULL Pre-Qualification go to www.approvingAZ.com and complete the loan application. Ricky, the Arizona Veteran Lender will help with every step of the process.  In order to help those in need Ricky has a dedicated staff that are all licensed and trained on the basis of being an Arizona Veteran Lender.

Fha Loan Documentation:

Documentation Needed  (Purchase) 

•  Clear copy of ID

•  Clear copy of Social Security card

•  Last 2 years W2’s and/or 1099’s

•  Last 30 days paystubs

•  Last 2 years 1040 tax returns

•  If Self-Employed:  Last 2 years Corporate returns and K1’s

•  Lease agreements for all rental properties (if applicable)

•  2 months most recent bank statements

•  Any large deposits must be sourced and seasoned

•  Must include ALL PAGES

•  Must have name, full account number and institution visible

•  Screen prints NOT acceptable

•  Most recent retirement statement (if applicable)

•  Most recent quarterly statement

•  If using as funds for closing, include terms of withdrawal

•  Gift funds  (if applicable)

•  Must be from an acceptable source

•  Acceptable gift letter

•  Provide evidence of donor’s ability – (Source and season person giving gift   with bank statements)

•  Document the transfer of gift funds

•  Fully executed Purchase Agreement

•  Estimated HUD from escrow (with contact info) showing buyer & seller costs

•  HOA contact info (if condo/PUD)

•  Bankruptcy Papers – all schedules and discharge papers  (if applicable)

•  Divorce Decree – must be a certified copy OR signed by courts  (if applicable)

•  Child Support Order – 3 mos evidence of receipt   (if applicable)

Documentation Needed  (Refinance)

 

•  Clear copy of ID

•  Clear copy of Social Security card

•  Last 2 years W2’s and/or 1099’s

•  Last 30 days paystubs

•  Last 2 years 1040 tax returns

•  If Self-Employed:  Last 2 years Corporate returns and K1’s

•  Lease agreements for all rental properties (if applicable)

•  2 months most recent bank statements

•  Any large deposits must be sourced and seasoned

•  Must include ALL PAGES

•  Must have name, full account number and institution visible

•  Screen prints NOT acceptable

•  Most recent retirement statement (if applicable)

•  Most recent quarterly statement

•  If using as funds for closing, include terms of withdrawal

•  Mortgage statement

•  Property Insurance Declaration page with contact info

•  Mortgage Note  (if applicable)

•  HOA contact info (if condo/PUD)

•  Bankruptcy Papers – all schedules and discharge papers  (if applicable)

•  Divorce Decree – must be a certified copy OR signed by courts  (if applicable)

•  Child Support Order – 3 mos evidence of receipt   (if applicable)

 

RENT Vs. OWN

If you would like a Custom one done for your specific situation, just click the link above to contact me.

Scottsdale Jumbo Loans at Amerifirst Financial.

 

 Mortgage Checklist