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Jeanniedmitr…, Home Owner in Kansas City, MO
Jeanniedmitruk asked:
Less than 580 credit score I own my home with zero mortgage. Need to borrow money from my home. Any ideas??
0 votes Share Flag A few hours ago Financing in Kansas City
mrssandratho…, Other/Just Looking in San Jose, CA
mrssandrathomson.es answered:
Loan after short sale
i work under San Isidro Multi Co operation Loan Lending Company. It's a new company right here in Philippines and we have been able to broaden our scope over this few years. we have our ... more
0 votes Share Flag A few hours ago Financing in 95818
Kateryna Zel…, Real Estate Pro in Pompano Beach, FL
Kateryna Zelem Spalma answered:
I have recently inquired on the FHA 203K rehab Loan. Anybody have recent experience with one that has closed?
In 2015 I actually closed on a 203K streamline loan for a buyer. I am a Realtor In FLorida. The Process was extremely difficult as the buyer had to qualify for the loan, and then the ... more
0 votes Share Flag A few hours ago Financing in Tennessee
Jenfire27, Renter in New York, NY
Jenfire27 answered:
Loan only on basepay, commisons dont count for 2 years!?
Thats not the part i meant was crazy. I was asking if there was anyway around it. With commisions and such we make a decent living. No we dont want to sell in a year, rent to my kids pr ... more
0 votes Share Flag Earlier today Financing in Medford
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
FHA 203k Streamline---looking for an EXPERIENCED loan officer in LAS VEGAS, NV ASAP
The FHA Streamlined 203K version allows for up to $35,000 in non-structural renovations whereas the Standard version can be used for almost anything. Both are limited to the maximum FHA ... more
0 votes Share Flag Earlier today Financing in Las Vegas
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
203K payment for appliances?
The streamline 203k is typically for the "minor" stuff in a home. There can be no structural changes so pretty much cosmetics. This is a great option for homes that won't pass FHA due t ... more
0 votes Share Flag Earlier today Financing in Lincoln
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli 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.
Just because a lender is approved by FHA does not mean they will offer the standard 203K or the Streamline K. You need to work with FHA lenders in Montana who have prior experience in f ... more
0 votes Share Flag Earlier today Financing in 59701
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli 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.
Just because a lender is approved by FHA does not mean they will offer the standard 203K or the Streamline K. You need to work with FHA lenders in Montana who have prior experience in f ... more
0 votes Share Flag Earlier today Financing in 59701
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
If a property says fha 203k eligible does it have to be mortgaged that way or can you go with a standard fha
Only FHA approved mortgage lenders with prior experience in underwriting 203(K) loans can help make the loan process simple and easy. Any 203(K) eligible property can qualify for renova ... more
0 votes Share Flag Earlier today Financing in Taylor
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Do you know which lenders have 203K loans in Brooklyn, New York?
All FHA approved mortgage lenders should be able to help you with your 203k renovation financing in New York. Since there is a need for lender specialization in order to properly underw ... more
0 votes Share Flag Earlier today Financing in Brooklyn
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
On a 203k loan, do you have to use a contractor do the work?
It's not mandatory that you need to use a licensed contractor to complete the repair work under the 203K loan requirements. Unless you can demonstrate that you can personally handle the ... more
0 votes Share Flag Earlier today Financing in Boston
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Anyone have a recommendation for a 203k lender in Atlanta? I'm nervous about past BOA reviews.
Compared to the standard FHA loan programs, the 203K renovation loans involve a number of extra steps from pre-approval to the loan closing. To make the loan approval process, work wit ... more
0 votes Share Flag Earlier today Financing in 30068
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Are there very experienced 203k lenders with offices in CT? Does anyone have any recommendations? I'm very interested in a 203k re-finance loan.
In order to originate a 203K loan under the FHA guidelines, the lender must be approved by HUD. Additionally, the FHA lender needs to also have experience underwriting 203K renovation l ... more
0 votes Share Flag Earlier today Financing in Fairfield County
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Are there any mortgage brokers doing 203K loans? How about 203K streamlined loans?
Whether you are looking do minor or minor repair work, the FHA 203K provides suitable options to provide you with the necessary financing you need. For minor repair work that doesn't ex ... more
0 votes Share Flag Earlier today Financing in 07306
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Can anyone recommend a good FHA 203k loan expert in Philadelphia?
You need to work with an FHA approved lender in order to secure home renovation financing under the 203K loan program. Whether you are looking for a streamline loan or a standard loan o ... more
0 votes Share Flag Earlier today Financing in Philadelphia
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Are there any mortgage brokers doing 203K loans in Rhode Island?
In order to underwrite a 203k renovation loan in Rhode Island, the lender must be approved by the FHA. As there are extensive lending requirements that need to be fulfilled both during ... more
0 votes Share Flag Earlier today Financing in 02907
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Can Anyone Recommend a really good FHA 203k Lender ?
The FHA website has a complete list of approved lenders on its roster. It also allows you filter the results to just those lenders that have handled at least one 203k loan in the previo ... more
0 votes Share Flag Earlier today Financing in Myrtle Beach
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
I need recommendations for mortgage brokers with 203k experience in Nashville, TN.
All FHA approved lenders in Tennessee should be able to help you with your 203K loan. The lender search option on the FHA site also allows to filter the lender results to allow for only ... more
0 votes Share Flag Yesterday at 11:51pm Financing in Nashville
Joe Borelli, Real Estate Pro in Riverview, FL
Joe Borelli answered:
Is there any possibility of doing a VA 203k loan? Does anyone know? Thanks, Beth
I don't think VA allows 203K loans. The FHA 203K loans are handled through FHA approved lenders. The complete list of 203K Lenders that can help you with the loan approval and renovatio ... more
0 votes Share Flag Yesterday at 11:33pm Financing in Fort Worth
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