About Tom Murphy

Tom Murphy grew up in La Jolla, California surfing and carving his niche in the local real estate market. Mr. Murphy has a stellar record as a loan officer with over a decade of experience helping people secure the right home loan. He now works at Answer Home Lending in San Diego CA. NMLS # 662141

Shop for the Best Refinance Rates

It no secret that finding the best interest rate when refinancing your current mortgage starts with the shopping process. Not all banks, credit unions and lenders offer the same refinance rates for mortgages. Some lending companies are more aggressive than other banks and factors like credit scores and loan to value are part of the… Read More »

FHA Manufactured Home Loan Guidelines, Requirements and Eligibility

Are you looking for an affordable manufactured home loan with a competitive FHA mortgage? Manufactured homes, sometimes referred to as mobile homes, or prefab homes, provide a more affordable, more extensive, and customized housing option than typical houses. But, that as it may, securing finances for these homes and finding resources can only become quicker… Read More »

Can I Get a Government Loan to Pay Off Debt?

When you want to apply for a mortgage, there are many things to decide. One of them is whether you want to get a government loan, which means it is backed by a US government entity. Or, you can obtain a conventional mortgage that adheres to Fannie Mae and Freddie Mac guidelines. Many people get… Read More »

Can you Refinance a FHA Mortgage to a Conventional Home Loan?

Many homebuyers don’t have a 20% down payment or high credit score, so they turn to FHA loans to buy their home. FHA mortgages have many advantages, but they may have higher annual costs than conventional loans in many cases. So, it can be beneficial when your credit and financial situation improves to refinance an… Read More »

How to Buy a House with Little Money Down and Average Credit Scores

One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »