Financing in Fairfax : Advice

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Missy Leary, Real Estate Pro in Ashburn, VA
Missy Leary answered:
What lenders in Northern Virginia offer the FannieMae HomeStyle mortgage?
I believe Flagstar and Wells Fargo offers these loans. If you are still in the process and need some referrals, please let me know!
0 votes Share Flag Fri May 2, 2014 Financing in 22033
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
Owner financing
9%-12%

OK, OK, it's a bit more complicated than that. But not as complicated as some of the answers below suggest.

From a financial standpoint, you're lending money out. So what a ... more
0 votes Share Flag Sun Sep 1, 2013 Financing in Fairfax
Greg Bleyl, Real Estate Pro in Cleveland, OH
Greg Bleyl answered:
Cash out Refinance 308K balance house worth $600K. take out $135K to renovate the house, which puts the LTV above around 74%.
You are not stuck at $417,000. We have very competitive Portfolio Jumbo and Portfolio Jumbo Renovation Loans that you may have interest in. Please call or email below.

Greg Bleyl
... more
0 votes Share Flag Tue Aug 20, 2013 Financing in 22030
Mark Bentz,  in Fairfax County, VA
Mark Bentz answered:
I had my home in Fairfax, Virginia appraised by a VA appraiser. He appraised the home $52,000 BELOW the assessed value! How do I challenge this?
hopefully the bank paid for the appraisel. Id use the appraisel to lobby for a refund on my property taxes and in the meantime call my lender and ask about the HARP assistance in which ... more
0 votes Share Flag Tue Feb 7, 2012 Financing in 22030
Jason  Smith, Real Estate Pro in Herndon, VA
Jason Smith answered:
Using rental income to qualify for loan on owner-occupied townhome.
The short answere is no. Rental income on a rental property may be used to offset the current mortgage payment. The rental income must have been reported on the borrower 1040 tax retu ... more
0 votes Share Flag Mon Nov 7, 2011 Financing in Fairfax
Gerard Carney, Real Estate Pro in Spring Hill, FL
Gerard Carney answered:
Should I take out a loan vs pay off with mother's help?
Talk to your accountant, but also talk to your mother. what will her interest be in the place. Will you be paying her back or will she be living in the home with you or a combination of ... more
0 votes Share Flag Mon Jun 6, 2011 Financing in Fairfax
Ben  Fox, Real Estate Pro in Washington, DC
Ben Fox answered:
My daughter owns a condo, purchased as a short-sale last August,, in an upscale section of Atlanta, GA. She was able to pay cash for her condo.
Hi Mom-

Issues related to condos are becoming more and more prevalent. There is a questionnaire that is sent to the condo association for every loan that we do for a condo. It lets ... more
0 votes Share Flag Thu Feb 3, 2011 Financing in Fairfax
Susan Isaacs, Real Estate Pro in Washington, DC
Susan Isaacs answered:
Builder's lender to finance another property?
Buyers often purchase new construction homes without the benefit of representation. As an agent with 7+ years of new home construction experience, I can tell you that you're much b ... more
1 vote Share Flag Fri Dec 24, 2010 Financing in Fairfax
Isaac Hull,  in Harrisonburg, VA
Isaac Hull answered:
403K Professionals in Northern VA
Our company just closed a 203k loan in Alexandria in April. I just received word from the borrower that construction has been completed and they are very happy with their contractor. ... more
0 votes Share Flag Thu Jul 15, 2010 Financing in Fairfax
Sandy Leaf, Real Estate Pro in CHANTILLY, VA
Sandy Leaf answered:
ARE THE TOWNHOMES IN THE WILLOW PONDS SUB DIVISION IN FAIRFAX, VA APPROVED FOR FHA FINANCING?
If the price of these homes fall within the FHA and VA loan limits, yes! A great site to check out loan limits, downpayments, PMT, . . .check this link

http://www.fha.com/lending_ ... more
0 votes Share Flag Tue Apr 20, 2010 Financing in Fairfax
Pat & Steve…, Real Estate Pro in Westlake, OH
Pat & Steve Pribisko answered:
What is considered the "purchase price" for loan application? -- NEED LOAN OFFICER ADVICE - Please.
Phil:

Your purchase price is $885,000. Check with a number of lenders to find the best conventional mortgage loan programs they have.
0 votes Share Flag Tue Apr 20, 2010 Financing in Fairfax
Colin Storm, Real Estate Pro in Falls Church, VA
Colin Storm answered:
ARE THE TOWNHOMES IN THE WILLOW PONDS SUB DIVISION IN FAIRFAX, VA APPROVED FOR FHA FINANCING?
This is more a question for Condominium developments than for fee simple ownership town home communities. You can run into problems in areas where the density of tenant versus owner occ ... more
1 vote Share Flag Mon Apr 19, 2010 Financing in Fairfax
Rob Ross,  in Fairfax County, VA
Rob Ross answered:
how much mortgage can I afford on $85,000 a year?
Hello,

The best place to start is with a local Mortgage Specialist to evaluate the best options for you and you're new home. You're in luck! I pride myself of treating all clients ... more
0 votes Share Flag Tue Sep 16, 2008 Financing in Fairfax
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