Financing in Montana : Real Estate Advice

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Walt Long, Home Buyer in Littleton, CO
Walt Long asked:
I have enough money for the down payment, but I didn't figure in closing costs. Can I borrow money for closing costs? It's a FSBO situation so we never discussed rolling these costs into the loan.
0 votes Share Flag Thu Apr 28, 2016 Financing in Montana
Cplsanfordlo…, Home Buyer in Bozeman, MT
Cplsanfordlopp asked:
Can my husband and I finance a Mobile Home for under $50,000? Our combined income is $25,000-$30,000 yearly. We have a down payment of $5000.
0 votes Share Flag Tue Apr 14, 2015 Financing in Bozeman
Cindy Humphr…, Real Estate Pro in Helena, MT
Cindy Humphrey answered:
I want to buy a mobile home park I have cash for the 20% down. It is a rental property and I will be living on the property' the property has
Hi Renee, The transaction you are preparing for would have a lot of possible snags both on the lending side and purchasing decisions to be made. Shopping the loan will serve you best w ... more
0 votes Share Flag Sun Apr 13, 2014 Financing in 59602
Aaron Pagnia…, Real Estate Pro in Missoula, MT
Aaron Pagniano answered:
Where can I find modular home resale values & who is financing? Countrywide is defunct; GreenTree took them over, but is GT doing new loans?
Hey Kim,
There are many lenders and conventional banks which finance modular homes. Our market has lenders and mortgage brokers who are easily able to secure financing for modular hom ... more
0 votes Share Flag Fri Mar 28, 2014 Financing in 59808
rivergirl821…, Both Buyer and Seller in 59106
rivergirl821958 answered:
Can i buy a home with poor credit in Billings, MT?
We have 2.5 acre lot on 64th ST we want to sell. It is flat, square and has a ton of water for a well. All Utilities are right on the property including natural gas. What can we expec ... more
0 votes Share Flag Mon Oct 14, 2013 Financing in Billings
harkness.pho…, Home Buyer in Whitefish, MT asked:
Will I need to submit more bank statements? So I have submitted what I think is all the paperwork that my loan officer needs-- 3 tax returns, 2 W2's, a paystub, and 2 months of bank statements. He has gotten back to me and let…
0 votes Share Flag Tue Jun 18, 2013 Financing in Montana
Andy Onushco, Real Estate Pro in Helena, MT
Andy Onushco answered:
Can I get a multi-family VA loan... using a combined income.
There are a number of ways to structure this to make it work. It is really a banking question, related to mortgage qualification. Find a lender who is well versed in VA loans and he/s ... more
0 votes Share Flag Mon Jan 21, 2013 Financing in Billings
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
What does it mean when the bank says "your loan is being underwritten today"? thanks, k
That's good.

As Sally explained, that means they're reviewing your entire loan application. Typically that's done by an "underwriter." He or she goes through ... more
0 votes Share Flag Thu Jun 23, 2011 Financing in Butte
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
My loan lock expires in a week, and the house is not ready to close. Do I have to pay for a lock extension if I am not interested in extending it?
When your rate is about to expire, and your loan has not funded yet, you have options:

1. Let it expire, and the day afterwards you can lock in "worst case pricing" - mean ... more
0 votes Share Flag Wed Jun 22, 2011 Financing in Missoula
Gerald Maxwe…, Real Estate Pro in Huntsville, AL
Gerald Maxwell answered:
I am self-employed for about 18 months. Net income is about $115k per year. Also a disabled vet. Credit scores are 640 and 660 mid.
I am a Real Estate Broker & not a lender, but what your lender has told you is consistent with lenders I deal with. Your credit score should be just high enough to qualify for a VA ... more
0 votes Share Flag Wed Feb 16, 2011 Financing in Montana City
Red_as_copper, Home Buyer in Butte, MT
Red_as_copper answered:
When does FHA require a home to be reappraised? Bank just called to say I need another apprasial even though I paid for one less than 30 days ago.
After speaking with the lender again today, they are sticking by their guns and telling me it is an FHA requirement. He even went so far as to tell me the FHA underwriter didn't u ... more
0 votes Share Flag Tue Dec 28, 2010 Financing in 59701
Daniel, Other/Just Looking in Baton Rouge, LA
Daniel answered:
What are the costs associated with a 203k streamline loan? I am buying a house for $176,500 and am under the $15k reno cost.
LOL, well since Wells is one of only a hanfull of banks offering 203K loans, be thankful
0 votes Share Flag Tue Nov 23, 2010 Financing in 59701
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
Second-time homebuyers stuck in a 203k streamline situation. We had a home inspection, and were told we'd never get a conventional fha loan.
If actual appraisal states no needed repairs, why can't your lender/LO just flip you into a standard FHA loan? Should just be a simple matter of generating and signing new loan ... more
0 votes Share Flag Tue Nov 23, 2010 Financing in 59701
Patricia C.…, Other/Just Looking in Ocala, FL
Patricia C. Laster asked:
language for using timber as collateral
0 votes Share Flag Mon Nov 15, 2010 Financing in Big Timber
Celia Butler…, Real Estate Pro in Gilbert, AZ
Celia Butler Home Loan Diva answered:
Can anyone help me with FHA 203k loan questions?
Hi there ...
so sorry for your situation. Wells Fargo, in my opinion, is one of the worse in closing times. I as a mortgage broker, and lender in all 50 states, have the ability to ... more
0 votes Share Flag Mon Sep 27, 2010 Financing in 59701
Red_as_copper, Home Buyer in Butte, MT
Red_as_copper answered:
we're under contract on a real fixer-upper, and we have an fha loan. what if the seller won't take care of items like the roof, or rotted?
Some of you mention the original "purchase contract" - are you referring to the buy/sell agreement? This is the third home I've offered on and in all of the transactions ... more
0 votes Share Flag Wed Sep 15, 2010 Financing in 59701
William Pola…, Real Estate Pro in Cumming, GA
William Polack answered:
Can I move money from my IRA to refinance my home and aviod paying taxes on it?
I have to agree with Mr. Mishra. Your IRA is not performing well now because it's buying stock at a lower price. When the market goes up, your investment will go up. Then it will g ... more
0 votes Share Flag Thu Feb 11, 2010 Financing in Huson
Beth James,  in Temple, PA
Beth James answered:
can you even get me in to a house with bad crededt?
I agree with Bill, sometimes it is not as bad as you think! In our office we can run a credit report and view it right there with our clients. We can see the score and the problems a ... more
0 votes Share Flag Sat Mar 14, 2009 Financing in 59006
Taunya Fagan, Real Estate Pro in Bozeman, MT
Taunya Fagan answered:
What are the property taxes like in Montana?
Approx. $2620 for a 2.6 acre lot with $300k, `3000sq' home just 3 miles from downtown Bozeman with 360deg mountain views to die for.
T Fagan
0 votes Share Flag Wed Nov 28, 2007 Financing in Montana
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