Financing in Baton Rouge : Real Estate Advice

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Kathy Lewis,  in Valdosta, GA
Kathy Lewis answered:
Does 100% financing apply only to a rural development mortgage loan?
For civilians yes.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
www.UsdaMortgageHub.com
0 votes Share Flag Wed Nov 11, 2015 Financing in Baton Rouge
Brad Terry, Home Owner in Baton Rouge, LA
Brad Terry answered:
How do I start the prequalification process?
You can get started by either going to a mortgage broker or a local bank. There are many documents and information that you will need to gather eventually for purchasing a home so you ... more
0 votes Share Flag Sat Nov 24, 2012 Financing in Broadmoor/Sherwood
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
Does anyone know of a lender who will finance an investment property for 100%?
In the words of my favorite Realtor, “Next.”

And if you are representing the seller, find a real buyer. Don't waste your time with a buyer that can't close a hard money ... more
0 votes Share Flag Fri Oct 12, 2012 Financing in Baton Rouge
David Engle, Real Estate Pro in Baton Rouge, LA
David Engle answered:
My Husband and I are considering buying a home. He has is the only one who works and has the better credit than I. Would I have to qualify with him?
No, you won't have to qualify with him. He can be on the loan but you can still be on the title. Please let me know if I can help with anything else.
0 votes Share Flag Wed Jul 25, 2012 Financing in Baton Rouge
Daniel, Other/Just Looking in Baton Rouge, LA
Daniel answered:
Can I qualify for mortgage using my income and my spouse's income without having the spouse on the mortgage?
ANSWER IS NO!


Your spouse must have a credit score of 640 for a government backed loan, much higher on conventional, must wait 5 years after foreclosure, no collections or problem ... more
0 votes Share Flag Sun Apr 15, 2012 Financing in Baton Rouge
Daniel, Other/Just Looking in Baton Rouge, LA
Daniel answered:
Non-FHA loan needed. I need a loan whereby I can buy a house from an investor friend of mine. He gets these houses for much less than they are worth
1st of all "your investor friend" must actually own the property before you write a purchase agreement.
0 votes Share Flag Mon Apr 2, 2012 Financing in 70816
Carmen & Mike…, Real Estate Pro in Baton Rouge, LA
Carmen & Mike Denham answered:
does anyone know whether the usda rural development loans disqualify the spouse in community property states even if the spouse is not on the other?
There are a few things that are different state to state and Louisiana, with our Napoleonic law is odd, at times. I have a colleague that specializes in Rural Development and is an expe ... more
0 votes Share Flag Sat Jul 3, 2010 Financing in Baton Rouge
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Rudy McDowell answered:
Non-FHA loan needed. I need a loan whereby I can buy a house from an investor friend of mine. He gets these houses for much less than they are
Hi, Wendell

FHA has waived the 90 day seasoning rule for now. However, you need to make certain the lender you deal with has waived it as well. Other than that, as Kaye has already ... more
0 votes Share Flag Wed May 26, 2010 Financing in Baton Rouge
Rhonda Rice, Real Estate Pro in Arlington, TX
Rhonda Rice answered:
Buying a home with a judgment on credit record. . .Any advice is appreciated.?
Lenders have really tightened there belts lately. Buyers usually have to have at least a 620 score to qaulify at all right now. The judgement will have to be taken care of. You shoul ... more
0 votes Share Flag Sat Nov 7, 2009 Financing in Baton Rouge
Dp2, Other/Just Looking in Virginia
Dp2 answered:
I need a short term mortgage (1 year) on a house I found but can't get conventional mortgage for now
OK . . . that's what I thought.

I'm working with an agent in TX on 2 similar transactions. Please PM me with more details on this.
0 votes Share Flag Tue Nov 3, 2009 Financing in 70816
Luke Allison,  in Asheville, NC
Luke Allison answered:
RuraI Development Loan Help, have been trying to get a rural development loan in louisiana for 2 months now; the broker i used sent my file to two
I would be happy to try and assist you with a rural housing loan but lates/collections (no matter how small) can be an issue after a bankruptcy. However, I find it a bit unreasonable t ... more
0 votes Share Flag Thu Oct 29, 2009 Financing in Baton Rouge
Bill Eckler, Real Estate Pro in Venice, FL
Bill Eckler answered:
can you get a loan for the appraised value is the house is selling for less?
Usually not....

The loan is normally based on the sale price of the home. There are however, creative ways of approaching this tha could provide you with some flexibility if there is ... more
0 votes Share Flag Fri Jul 24, 2009 Financing in Baton Rouge
Michael Andr…, Real Estate Pro in Baton Rouge, LA
Michael Andries asked:
Great Tool for USDA Rural Development Loans Great tool from USDA Rural Development!
A moment ago - All locations - Financing - No answers - Delete this question
Rural Development loans offer 102% financing for qualified buyers.…
0 votes Share Flag Sat Sep 20, 2008 Financing in Baton Rouge
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