I'm not sure if you finished your question but I will try to answer this anyways. Most loans need a down payment except VA and USDA loans. You are only eligible for these loans if you are a veteran or if you are seeking a USDA approved property. Otherwise, most loans will need a down payment. If you do not have much money for a down payment I would suggest looking into an FHA loan. This loan has easy credit qualification, low closing costs, and a low down payment of 3.5%. These are all things you should consider. Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can! Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 firstname.lastname@example.org... more
You have to tell them up front that you are looking ... before you get in your car and go out gussied Up ... to have too many doors closed to your terms and condittions ... or place it in the Addendum with the Offer and Purchase Offer ... contingent upon*... Creative Financing ... many will not stay the bindery as this is a recession and we all are looking for excuses to blow off a little Steam !... more
Aggressive FHA financing does exist! But I recommend staying away from brokers. Deal directly with a bank who has a proven track record. I work with lenders that have closed FHA purchase loans in as little as 14 days.... more
874 Joshua looks like a very good value, I would recommend placing a back offer on the property. I have notice quite a bit of fall out lately. It is very cheep insurance, don't forget you are still entitled to receive all the disclosures and contingencies if you are placed in the first position.
Phillip W. Dias
Real Estate and REO Sales & Marketing