Financing in Seminole County : Advice

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Kathy Willia…, Real Estate Pro in Lake Mary, FL
Kathy Williams answered:
Is Sanford usda approved? If so I am looking to buy a home that will be under $100,000 and that would be close the Celery Lakes. My name is Miriam.
Sorry Sanford is just not rural enough to get a USDA loan.
However, their are some great priced homes out where you are inquiring.

Have you checked with a lender for some down p ... more
0 votes Share Flag Sat Apr 11, 2015 Financing in Sanford
Chad Smith, Real Estate Pro in 40509
Chad Smith answered:
what is the frist step in buying a home,and what programs are there to help with down payments?
Get pre-approved for a loan. FHA loans have a great rate and very low down. Ask your lender if they offer FHA
0 votes Share Flag Mon Mar 9, 2015 Financing in 32771
Caleb, Renter in 32746
Caleb answered:
I own my home outright, but I have bad credit. Is there a company that would qualify me for a HELOC?
Hey Lisa, sorry for the late response, just saw your question. As a broker, we have over 60 lenders to work with and many of them have much lower credit score requirements than most ban ... more
0 votes Share Flag Thu Oct 2, 2014 Financing in 32746
Title Juncti…, Real Estate Pro in Fort Myers, FL
Title Junction LLC answered:
Are there any good loan programs for British foreign nationals to buy low priced Florida property?

It is very difficult for foreign nationals to obtain financing. You would need to do a lot of calling around to find what meets your needs and satisfies theirs. Most foreign buy ... more
0 votes Share Flag Sat May 24, 2014 Financing in 32714
Abraham Bidh…, Real Estate Pro in Orlando, FL
Abraham Bidhendi answered:
Hello! I would like to buy a condo in Orlando, I live in Middle Europa. It would be a pure investment, I can do a downpayment of 50%, the total price
Hi Vin:

Yes that would be possible, I have a lot of clients from Europe & most lenders would not do loans less than $50K and they can usually need 30% to 50% down payment from you. ... more
0 votes Share Flag Fri Jul 5, 2013 Financing in Lake Mary
Kevin Earnest, Real Estate Pro in Orlando, FL
Kevin Earnest answered:
I am moving to the area in the next 3 weeks. I have $25,000 to put down on a house but I have bad credit. Is there a way to get financing?
Hi Stacey,
I actually offer owner financing on homes in Orlando areas. We find, buy, rehab, then sell with owner financing. No lease option or other stuff. You actually own the hous ... more
0 votes Share Flag Tue Jun 18, 2013 Financing in Altamonte Springs
Clair Strutt, Real Estate Pro in Lake Mary, FL
Clair Strutt answered:
The answer to your question is no. It is only a preliminary approval or conditional approval. Once you submit the executed contract (signed by you and the seller) to your lender, tha ... more
0 votes Share Flag Wed Jun 5, 2013 Financing in Sanford
Broker Dave, Real Estate Pro in Orlando, FL
Broker Dave answered:
Is there a bank/mortgage broker in Orlando area that is experienced in green card/ex-pat applicants turning local, looking for a mortgage?
I have a couple of lenders that may work for you but I need a bit more information, can give me a call.

Dave Lowe real estate broker

0 votes Share Flag Thu Mar 14, 2013 Financing in 32746
tonyd123.ail, Real Estate Pro in Orlando, FL
tonyd123.ail answered:
I'm Canadian investor who buy, sell and lease condos & houses. I need to find financing for my Canadian clients. Downpayment 30% - no problem.
Nick, I have a great condo that will return u 11.63% on your investment GUARANTEED!
0 votes Share Flag Wed Nov 14, 2012 Financing in 32714
James P. Ryan…, Real Estate Pro in Washington, DC
James P. Ryan, Jr answered:
Financing Options, Oviedo
FHA is a great program, and it sounds like your best option, although I would not rule out Fannie/Freddie with 10% down. A good loan officer can run both scenarios for you and you can c ... more
0 votes Share Flag Wed Jun 20, 2012 Financing in Oviedo
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
If someone from outside the US wants to rent/lease the house for a year because of his/her job posting here,
If you are not here to oversee the property and properly manage it I highly recommend you hire a property manager.
0 votes Share Flag Wed May 2, 2012 Financing in Oviedo
Keti Ballhysa…, Real Estate Pro in West Palm Beach, FL
Keti Ballhysa PA answered:
My girlfriend is a Colombian citizen and wants to buy some real estate. How can she do this?
Good afternoon there,
Nothing to be worry if she do not have the US Citizenship, However the minimum required in the lending industryis $50,000,If u have further question Please contac ... more
0 votes Share Flag Thu Sep 22, 2011 Financing in Lake Mary
RAKESH PANDYA, Real Estate Pro in Windermere, FL
How money is distributed for refinancing a home in ca if the lender is in Florida?
Hi, Hope all went well with you in refinancing of your home. I can help you in your real estate investment if you are planning to do it. if you can either e-mail me your criterion such ... more
0 votes Share Flag Tue May 31, 2011 Financing in 32746
Ken Anderson, Real Estate Pro in Orlando, FL
Ken Anderson answered:
I would like to buy a business in Florida that cost 600k and I have 70k saved and the business cashflow is 260k
It may be an uphill battle as you are not at the 20% down and I don't know anyone that accepts less for a commercial property. Commercial loans regularly want 30% down.

When you ... more
0 votes Share Flag Fri Apr 22, 2011 Financing in Longwood
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
can somebody tell me how much money one can receive as a gift ( to use for home purchasing) from a relative that is tax free.?
Hi, Kate. For a Conventional/Fannie Mae loan, you can typically recive up to 5% of the total sale price as a gift. However, you must have a min of 5% of your own money vested as well. ... more
0 votes Share Flag Wed Mar 30, 2011 Financing in 32701
Broker Dave, Real Estate Pro in Orlando, FL
Broker Dave answered:
On a Homepath renovation mortgage can I do the work, ie DIY, projects? What are the restrictions on a homepath renovation mortgage?
You are not allowed, it must be done by a licensed contractor but you can select the contractor.

Hope this helps,

Dave Lowe, Real Estate Broker
GRI, ePRO, Realtor (designations)
... more
1 vote Share Flag Mon Mar 14, 2011 Financing in 32708
Dsignersny@a…, Real Estate Pro in Longwood, FL answered:
I am looking at Notting hill to purchase. I really love the community. However, I need a loan. Does anyone have suggestions?
Royal bank of canada in lake mary florida will finance the condo.

M Shariff
cell 4075476772

note: I have units available for sale at nottinghill
0 votes Share Flag Mon Nov 1, 2010 Financing in Lake Mary
Mark LeMenag…, Real Estate Pro in Lake Nona, Orlando, FL
Mark LeMenager answered:
The state of NC says I owe them back taxes. Can I get a mortgage to buy a house in FL?
Sorry, but they've had 14 years to clean the mess up. What were they waiting for? Looks like either NC is going to get their money or they are going to continue to be renters.
0 votes Share Flag Thu Mar 18, 2010 Financing in Sanford
Ron Hobbs, Real Estate Pro in Lake Mary, FL
Ron Hobbs answered:
Loan for Foreign National in Lake Mary, FL?
The process is not difficult; however you will need to make at least 40% down payment + costs, or more.

One of the main advantages to investing in real estate is the ability to lev ... more
1 vote Share Flag Sun Dec 27, 2009 Financing in Lake Mary
Ronald Hill, Real Estate Pro in Longwood, FL
Ronald Hill answered:
We have Low Debt and high income but our credit score is around 560... With 20% down payment is it possible to obtain a mortgage?
I am a realtor, I don't quite understand your situation. Low Debt, High Income....bad credit?
Those dont usually go together. Unless you are not paying the low debt and therefor ... more
0 votes Share Flag Wed Dec 2, 2009 Financing in Longwood
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