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About Meg Ritchey
Expertise
I can answer questions regarding approval and qualification requirements for FHA, VA, USDA and conventional,(FNMA/FHLMC) residential mortgage loans. I also can answer questions regarding credit scores and rebuilding credit. I cannot answer questions regarding Fed., State or local taxes or tax implications of mortgage financing. I also cannot answer those questions which require special licensing for financial investment in depository accounts, stock accounts or insurance products. Similarly, I cannot answer any real estate questions which require a specific license.

Experience
I am a Mortgage Banker. I have been a Residential Loan Officer since 1995. I have successfully assisted more than 1000 people finance home purchases. I specialize in assisting people to buy their first homes. I also enjoy working with those who have experienced some kind of catastrophic event, like loss of job, bankruptcy, foreclosure, death of spouse, catastrophic health issues or divorce and who want to work to strategically position themselves for mortgage loan approval.

Organizations
I am currently a member of the Ohio Mortgage Bankers Association. I have periodically volunteered for community groups/events including those involving issues of affordable housing, battered womens outreach, rape crisis intervention and have worked on various boards for nonprofit womens organizations. I also have developed a network of professional contacts within key organizations for referring people who come to me with issues regarding foreclosure, loan modification, bankruptcy resources, credit repair, support for elderly/house bound, estate, tax and divorce advocacy.

Education/Credentials
B.A., The Ohio State University

Past/Present Clients
Strictly confidential.

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Financing -- Loans - FHA and farm income

Expert: Meg Ritchey - 10/26/2009

Question
We are trying to refinance our 14+ acre hobby farm. I'm medical/retired (39 years auto sales) wife is bartender. We're being told, we can't get an FHA loan because we had $1600 income from farming (sale of sweet corn) because of deductions, income from farming was -$4000+ Is this true?
Thank you,
T. Williams

Answer
Hello Tom,
I don't normally get the opportunity to speak with people who discover me on this site. It was a pleasure speaking with you today. I wish you and your wife the best of luck in your search for the right mortgage for your situation.
Sincerely,
Meg Ritchey

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