Financing in Milwaukee : Advice

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MkeHouse1, Home Buyer in Milwaukee, WI
MkeHouse1 answered:
Are there any program in Milwaukee WI to help single parent with bad credit score get a house? Mortgage loans?
Check out Select Milwaukee: http://selectmilwaukee.org/
They offer credit counseling services to get you on the track to becoming a homeowner. They have helped me in the home buying p ... more
0 votes Share Flag Thu Apr 16, 2015 Financing in Milwaukee
Sandy Thomps…, Real Estate Pro in 60061
Sandy Thompson Girolami answered:
Can my partial (supplement) unemployment benefits be used for FHA loan? (I remained employed entire time)
If you are a full time salaried employee you should be OK but if you are commissioned or a contracted employee you will need 2 years of history. The key is to get a solid pre-approval ... more
0 votes Share Flag Thu Feb 5, 2015 Financing in Milwaukee
mike.wolle, Real Estate Pro in Minneapolis, MN
mike.wolle answered:
Hello- I am a physician who was in practice for 2 years (higher income) prior to returning to a 1 year training program (1 year income reduction).
yes these loans are available. actually these loans are actually available with 5% down and no mortgage insurance. We have a specific Physician loan that would fit all of your needs p ... more
0 votes Share Flag Mon Mar 24, 2014 Financing in Milwaukee
and223kw, Home Buyer in Milwaukee, WI
and223kw answered:
90k loan with 50k down to buy a building
try a hard money lender. they might be better because it would not be based on your credit.
you could buy the property with hard money then refinance it with the bank after it's fixed ... more
0 votes Share Flag Thu Nov 7, 2013 Financing in 53214
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
I am desperately in need of a lenient lender to underwrite 90k loan. FHA will not look at me because of my unique situation. have a home & score
Hi, Monique

Based on your statement, outside of medical, you can't have any lates or collections after a BK. Especially if they are within the last 24 months. This guideline i ... more
0 votes Share Flag Wed Oct 9, 2013 Financing in Milwaukee
Jessica Bate…, Real Estate Pro in Los Angeles, CA
Jessica Bateman answered:
Is There any mortgage lenders that will lend to a score of 615?
Yes!! I work with a lot of people who have less than perfect credit. I tell all my clients that need a pre approval to visit The Lenders Network, I have seen loan approvals from them ev ... more
1 vote Share Flag Wed Jul 31, 2013 Financing in Milwaukee
Linda S. Cef…, Real Estate Pro in Oak Creek, WI
Linda S. Cefalu answered:
Can a parent or someone other than the buyer pay earnest money for the buyer in an FHA and/or Conventional loan transaction?
Great answers so far and do make sure you talk with lender asap. I have run into issues where the money needs to be in the account for a period of time - once it was as long as one mon ... more
0 votes Share Flag Mon Jul 29, 2013 Financing in Milwaukee
Rob Chandler, Home Buyer in Lake Mills, WI
Rob Chandler answered:
Looking for hard money lender in Milwaukee?
Midwest Commercial Funding, LLC
rchandler@midwestcommercialfunding.com
Residential and Commercial
Can close any deal in as little as 48hrs.
0 votes Share Flag Mon Jun 3, 2013 Financing in Milwaukee
Mandy Fritsc…, Real Estate Pro in Wisconsin
Mandy Fritsche answered:
Are there any banks/lenders in or near Milwaukee, Wisconsin that do FHA 203k loans?
Mandy Fritsche, Prospect Mortgage
Mortgage Loan Officer
NMLS# 557211
262-327-5700 Cell
877-868-9198 Fax
mandy.fritsche@prospectmtg.com
www.MyProspectMortgage.com/mfritsche
0 votes Share Flag Tue Apr 16, 2013 Financing in Milwaukee
adeder, Both Buyer and Seller in Milwaukee, WI
adeder answered:
Let me re-phrase- What is the max LTV for non-owner occup. residential purchase?
Private Money Exchange will lend up to 65% LTV on investment residential properties. Repeat customers get up to 80%, however up to 100% is available if you have other equities or partn ... more
0 votes Share Flag Sat Jan 12, 2013 Financing in Milwaukee
Andie Knight, Real Estate Pro in Milwaukee County, WI
Andie Knight answered:
My fiancé and I are looking to buy a house but it seems like you have to have a substantial amount of money for a diownpayment. We do not have a
You can also get ahold of Richie Baumann at Providence Lending in Brookfield, WI.
0 votes Share Flag Sat Jan 5, 2013 Financing in Milwaukee
Sarah Floyd, Real Estate Pro in Milwaukee, WI
Sarah Floyd answered:
Hard Money Investors Wisconsin- What are LTV guidelines for residential properties?
I work for a local hard money lender. I can get you his contact info if you are interested. You can reach me at 414-758-3223.

~Sarah Floyd
0 votes Share Flag Thu Jan 3, 2013 Financing in Milwaukee
Wisconsinmor…, Real Estate Pro in Wisconsin
Wisconsinmortgages answered:
What is the best way to carry two mortgages?
You could change the term on the condo from a 15 to a 30 to increase cash flow however it cannot be listed in order to do that. You could also drop the price to sell it quicker to allow ... more
0 votes Share Flag Mon Dec 24, 2012 Financing in Milwaukee
Wisconsinmor…, Real Estate Pro in Wisconsin
Wisconsinmortgages answered:
I have an FHA loan that was recently streamline refinanced we have lived there 4 years. Can I buy another home (conventional) and rent out this home?
After 12 months of your closing it is likely you can do that. Thank you
0 votes Share Flag Mon Dec 24, 2012 Financing in Milwaukee
Michelle Bat…, Real Estate Pro in Winthrop Harbor, IL
Michelle Battisfore answered:
can i get a mortgage with 10% down?
Yes, as long as you qualify. The best thing to do is contact a mortgage consultant or your banks mortgage department to get accurate answers. I always refer my customers to a mortgage c ... more
0 votes Share Flag Thu May 31, 2012 Financing in Milwaukee
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
can I show my downpayment of home purchase as my saving for deduction of tax?
Best person to answer that is your accountant. If you don't have one, do a phone or live chat inquiry with your tax preparer software provider.
0 votes Share Flag Wed Sep 28, 2011 Financing in 53226
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
What if my credit score is below 660 but i have a co-signer. Would i stiill qualify For the Fannie Mae Homepath Financing program?
FNMA Homepath can be a good loan for some, but be more difficult to qualify for. I have seen borrowers with 660 scores get approved and 680+ scores get denied but put them into an FHA l ... more
0 votes Share Flag Thu Jul 28, 2011 Financing in Milwaukee
Sandra J Ste…, Real Estate Pro in Cottonwood, AZ
Sandra J Steele answered:
Can a first-time home buyer obtain a FHA loan to purchase a property from a direct relative?
Yes, I suggest that you go to your local banker and your local mortgage company. You are in a beautiful part of the country and if I can be of assistance to you by referring a REALTOR ... more
0 votes Share Flag Tue Mar 8, 2011 Financing in Milwaukee
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I cannot get pre approved for a mortgage. I have a 610 FICO, but I already have an FHA. Can I get a loan and keep my current home for rental property?
An fha loan is meant for owner occupants, if you decide to rent the property which has a fha loan, you could be in default of that loan. If your home is not selling you should check wit ... more
0 votes Share Flag Fri Dec 10, 2010 Financing in Milwaukee
Linda S. Cef…, Real Estate Pro in Oak Creek, WI
Linda S. Cefalu answered:
When do you need to show proof of your down payment & savings? As early as when you are getting pre-qualified, or when you apply to get
Cliff,

I'm sorry to say that in part you are correct. There have been many dishonest people involved in the housing crisis. And if you are a victim of that, I want to take a m ... more
0 votes Share Flag Wed Apr 28, 2010 Financing in 53226
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