Financing in Birmingham : Real Estate Advice

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Danabduell, Home Buyer in Birmingham, AL
Danabduell asked:
No down payment loan options? We bought our first home 10 years ago, and are looking to move; however we don't have money for a down payment what options are out there?
0 votes Share Flag Tue Jul 19, 2016 Financing in 35242
melissa A RA…, Renter in New York, NY
melissa A RADFORD answered:
I need refferal for a lender who works with my community loan or my community choice program by fannie mae.
I am for ark I need community homechoice u can call me at 4792638703
0 votes Share Flag Fri Oct 16, 2015 Financing in 35243
Bryan Horn, Other/Just Looking in 92101
Bryan Horn answered:
Is there any program federal or in Wisconsin for low incomes?
With $10k in income per year, the most one could qualify for is a mortgage of about $70,000. There are No Money Down programs available if you do qualify.

Wells Fargo does have th ... more
0 votes Share Flag Sun Jun 22, 2014 Financing in 35243
Bryan Horn, Other/Just Looking in 92101
Bryan Horn answered:
Which way would be best when getting a loan for a house.Avoiding excess fees.Obtaining a loan through a mortgage company or vs a bank.
Both Banks and brokers can structure a mortgage loan with little or no fees. The days of excess fees are gone (luckily) due to government intervention.

Wells Fargo can structure a c ... more
0 votes Share Flag Sun Jun 22, 2014 Financing in Birmingham
Bryan Horn, Other/Just Looking in 92101
Bryan Horn answered:
need help with getting a pre approval on a mortgage. tried remax (Southbank) -turned down. no late's in 6yrs but score is still too low.Most R never.
Wells Fargo can lend with scores below 600 but you'll need a bigger down-payment. Call or email for details.

bryan.horn@wellsfargo.com 858 805-5347
0 votes Share Flag Sun Jun 22, 2014 Financing in Birmingham
Bryan Horn, Other/Just Looking in 92101
Bryan Horn answered:
What is everyone's opinion regarding where interest rates will be a year from now?
90% chance they will be higher in my opinion. home prices should rise in most markets too. Time to buy or refi !

Bryan Horn
Wells Fargo

bryan.horn@wellsfargo.com
858-805-5347
0 votes Share Flag Sun Jun 22, 2014 Financing in Birmingham
Aaron Sims,  in Birmingham, AL
Aaron Sims answered:
My husband and I are separated but I'm still paying the mortgage (unfair). I don't want the house - can I give it to him so I can buy a new home?
Dee,
First of all, I wish both you and your son the best. I know that you are in the middle of a difficult situation, and on top of that feel as though you are probably between a roc ... more
0 votes Share Flag Fri Sep 20, 2013 Financing in Birmingham
Jonathan Hya…, Real Estate Pro in Birmingham, AL
Jonathan Hyatt answered:
Do you as a Realtor feel that lending is getting better or still the same as it was a year ago?
The qualifications seem to have loosened up a bit, and I've seen a few 100% or no-PMI loans for well qualified applicants over the last year. HUD also relaxing it's standards a bit. Hop ... more
0 votes Share Flag Sat Sep 7, 2013 Financing in 35244
Aaron Sims,  in Birmingham, AL
Aaron Sims answered:
I have an eight (8) units apartment building in need of rehabbing. Could someone advise me on where I can get the loan?
Johnny,
I am usually pretty good about watching for Birmingham questions but somehow missed yours till just now. I'm a Realtor here in Birmingham and myself have owned Multi-Family pr ... more
0 votes Share Flag Fri Jun 21, 2013 Financing in Birmingham
Trey Horton, Real Estate Pro in Birmingham, AL
Trey Horton answered:
Are there any lenders Alabama that do mortgages under 50K?
Mortgage America and Wells Fargo. :)
1 vote Share Flag Wed Nov 28, 2012 Financing in Birmingham
Tom Lloyd,  in Birmingham, AL
Tom Lloyd answered:
Questions about Fannie Mae Home Path for Investors
Reginald,
We have several excellent condominiums priced below market $129,900 to $149,900 which would make excellent investment properties. They are approved for FHA financing. Please ... more
0 votes Share Flag Fri Nov 9, 2012 Financing in Birmingham
Kristle Smith, Real Estate Pro in Birmingham, AL
Kristle Smith answered:
Help with FHA and lenders?
Britney,

I can assist you with the information you need and help you find the qualifying home. You can call me at # 205-587-8656.


Kristle Smith
Professional Realtor
RealtySou ... more
0 votes Share Flag Fri Aug 12, 2011 Financing in Birmingham
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Is it possible to obtain 30 year mortgage for investment properties for overseas investors?
Anyone other than a US citizen or a permanent or non-permanent alien would be considered a Foreign National. Foreign National loan programs are no longer readily available.
0 votes Share Flag Fri Aug 12, 2011 Financing in Birmingham
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Can someone explain the "kiddy condo clause", non-0ccupier co-signer of an FHA mortage to be occupied by members of immediate family?
As previously stated, the "Kiddie Condo" doesn't have to just be a condo. It can also be a single family or a townhouse. The typical scenario is a parent buying a place ... more
1 vote Share Flag Sat Mar 26, 2011 Financing in Birmingham
Keith Andrews,  in Birmingham, AL
Keith Andrews answered:
Are there any programs in AL(down pay. assist.,grants) for Disabled people with children?
Per my mortgage banker friend, her bank here in Birmingham AL is offering grant money to go along with the financing packages available to you. You may want to contact me so I can get ... more
0 votes Share Flag Wed Oct 13, 2010 Financing in Birmingham
Liz Hoffman, Real Estate Pro in Daphne, AL
Liz Hoffman answered:
My fico score is above 800. What is the best mortgage interest rate with my score ? And doest that score helps to get lower closing cost?If so how low
Be very careful in prescreening your lenders before you apply because you really only want one to pull your credit info. Each time a credit check is run for a major purchase your credi ... more
0 votes Share Flag Mon Oct 11, 2010 Financing in Birmingham
Sam Thompson, Real Estate Pro in Alpharetta, GA
Sam Thompson answered:
Can I refinance a FHA loan using FHA cash out option. Take the extra cash and use it as a down payment towards a conventional loan for another home?
The other angle is since you are not on the current loan, do you make enough income to qualify for the payment on the new house in your name only? If so, your wife could conceivably r ... more
0 votes Share Flag Fri Aug 6, 2010 Financing in Birmingham
., Other/Just Looking in Portland, OR
. answered:
I'm going to purchase a house for $99,400 and the seller is going to pay $5,900 toward the closing. I would
I typically estimate that closing costs will be about 3.5% of the purchase price


Visit www.portlandareahomeinfo.com for more information
0 votes Share Flag Tue Aug 11, 2009 Financing in Birmingham
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