Financing in 78237>Question Details

Cecil, Home Buyer in San Antonio, TX

how would i go about getting a loan for 40000 to buy a home with?

Asked by Cecil, San Antonio, TX Wed Apr 16, 2008

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30
Good evening Cecil,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
2 votes Thank Flag Link Fri May 3, 2013
I think Jim answered that question completely. If you have nobody to go to for a referral try a chain bank like B of A. At least you will have security knowing that they will be able to close the deal!
2 votes Thank Flag Link Wed Apr 16, 2008
Cecil, keep in mind that because your loan is so small, you will be paying a higher interest rate than market even if your credit score is perfect. Don't be shocked.

Your best deal would probably be from a credit union.
Web Reference: http://www.sumnerrealty.com
1 vote Thank Flag Link Wed Apr 16, 2008
Shop for a lender and apply for the loan.
1 vote Thank Flag Link Wed Apr 16, 2008
Hello Dear Sir/Madam.

I am Mr. Harley, a private money lender. I give out loans with an interest rate of 3% per annual and within the amount of $1000.00 to $500,000,000.00 as the loan offer. 100% Project Funding with secured and unsecured loans are available. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and funds transferred to the borrower within the shortest time possible. We operate under clear and understandable terms and we offer loans of all kinds to interested clients, firms, companies, and all kinds of business organizations, private individuals and real estate investors. Just complete the form below and get back to us as we expect your swift and immediate response. EMAIL : harleypoul12@gmail.com

Attention!!!

Do you have a bad credit?
Do you need money to pay bills?
Do you need to start up a new business?
Do you have unfinished project at hand due to bad financing?
Do you need money to invest in some area of specialization which will profit you? and you don't know what to do.

We offer the following loans below,
personal loans[secure and unsecured]
business loans[secure and unsecured]
combination loans
students loans
consolidation loans and so many others.

1. Full Names:............................
2. Contact Address:.......................
3. Loan Amount Needed:....................
4. Duration of the Loan...................
5. Direct Telephone Number:.................

Email harleypoul12@gmail.com

Best Regards,

Mr Harley Poul
0 votes Thank Flag Link Sat Apr 18, 2015
Hello Dear Sir/Madam.

I am Mr. Harley, a private money lender. I give out loans with an interest rate of 3% per annual and within the amount of $1000.00 to $500,000,000.00 as the loan offer. 100% Project Funding with secured and unsecured loans are available. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and funds transferred to the borrower within the shortest time possible. We operate under clear and understandable terms and we offer loans of all kinds to interested clients, firms, companies, and all kinds of business organizations, private individuals and real estate investors. Just complete the form below and get back to us as we expect your swift and immediate response. EMAIL : harleypoul12@gmail.com

Attention!!!

Do you have a bad credit?
Do you need money to pay bills?
Do you need to start up a new business?
Do you have unfinished project at hand due to bad financing?
Do you need money to invest in some area of specialization which will profit you? and you don't know what to do.

We offer the following loans below,
personal loans[secure and unsecured]
business loans[secure and unsecured]
combination loans
students loans
consolidation loans and so many others.

1. Full Names:............................
2. Contact Address:.......................
3. Loan Amount Needed:....................
4. Duration of the Loan...................
5. Direct Telephone Number:.................

Email harleypoul12@gmail.com

Best Regards,

Mr Harley Poul
0 votes Thank Flag Link Fri Apr 3, 2015
I have found a property in Arizona for 36,000, but I can't find any one that wants to lend under 50,000.
Any Ideas
0 votes Thank Flag Link Thu Jul 17, 2014
Just go to you bank and ask for a line of credit. Homes in this value cost too much in financing, this is why you need to ask for a line of credit.
0 votes Thank Flag Link Thu Jul 25, 2013
Dang, 2008.....whoops.
Flag Thu Jul 25, 2013
Are you financially down and need loan?
Do you need loan to pay off credits and debts?
Do you need finance to set up your own business?
Do you need loans to carry out large projects?
Do you need college loan?
Do you need funding for various other processes?
email contact: cwinvestmentloanfirmatgmail.com
email contact: cwinvestmentloanfirm@gmail.com

Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan
* Consolidation Loan And Many More:
* Starting up a Franchise
* Business Acquisition
* Business Expansion
* Commercial Real Estate purchase
* Contract Execution

I urge you to stay relax and worry no more as we
offer you a legit offer to your door step,
C-W INVESTMENT LOAN SERVICE
your financial problem is our target.
email contact: cwinvestmentloanfirm@gmail.com
you have to fill out the following
information:

APPLICANT PERSONAL INFORMATION'S.

APPLICANT FULL NAMES…………………….
SEX……………………………………
AGE……………………………………
MARITAL STATUS………………………….
NATURE OF JOB……………………………
HOME ADDRESS…………………………….
PHONE NUMBER………………………….
Purpose OF LOAN NEEDED………………………
DURATION OF LOAN…………………………
AMOUNT OF LOAN NEEDED…………………….

OUR LOAN INTEREST IS JUST 3% AND OUR OPERATIONS IS BEEN GUILD
UNDER THE LENDERS LAWS,ALL COMPLETED
APPLICATIONS SHOULD BE SEND DIRECTLY
VIA EMAIL TO ( cwinvestmentloanfirm@gmail.com ) for
verifications if your loan is been approved a notification
mail will be send back to you.
0 votes Thank Flag Link Thu Jul 25, 2013
I have worked with a few lenders that will do a loan for no minimum loan amount. I have one that did one for $20,000, so it can be done. Give me a call or email and I can refer them to you.
0 votes Thank Flag Link Tue Jul 2, 2013
Im trying to buy my first home .. But my credit is 640 and im paying off hospital bill.. ive tried to buy a home for the last 3 years and cant.. Has anyone heard of a USDA loan?????
0 votes Thank Flag Link Fri May 3, 2013
Hi John, I am familiar with USDA loans. Contact me today so I can help.
Flag Mon Jun 3, 2013
Shelly, home buyer in magalia ca. I owe 40,000 on my home and need a balloon payment of 7000 to financer. how can I get a down payment? Also wondering if refinancing is wise? Ive been paying 750.00 a month for 8_9 years now on a total of 85,000. Wouldnt refinancing help lower my monthly payments?

Thank you for your time,

Shelly
0 votes Thank Flag Link Fri Nov 9, 2012
I work with a lender that does not have a minimum loan limit and can still give good rates. Email me and I can get you in contact with my lender.
0 votes Thank Flag Link Fri Aug 31, 2012
I saw your question about getting a loan,well there are many fake lenders on the internet today,i have been scammed just once,and i said to myself that i will not be scammed again,not until i met this woman who told me she acquired a loan from this firm called DIRECT ACCESS LOAN FIRM,she directed me and i was granted a loan were i paid only the fee used to transfer the loan to me called bank transfer charge,after which my loan was transferred withing the next 24hours,so i said i will help those seeking loan to let them know the right place to find a legit loan,so kindly contact them via email:directaccessloanfirm@gmail.com,they will grant you the loan,just follow their procedures and provide correct information.
0 votes Thank Flag Link Fri May 6, 2011
how much did you ask for? were you okay with paying the insurance fee? do you live in the US
Flag Mon Aug 20, 2012
My name is Michelle brown. I live in London, UK and i am a fulfilled lady today? and i told my self that any lender that rescue my business from a bad situation, i will refer any person that is looking for loan to him because he gave happiness to me and my family, i was in need of a loan of $200,000 USD to do a business which is in dire need of funds with no body to turn to as most of these lending houses are nothing
but fraudulent firms,then I met this GOD fearing loan lending company TRUSTED PARTNER LOAN PLC which helped me with a loan of $100,000,this company is headed by a GOD fearing man,so i want to take this time to let you know about this company..You can reach them via their email

trustedpartnerloanplc@gmail.com
0 votes Thank Flag Link Thu May 5, 2011
Cecil... let me help you out with this one..

It is no harder to get a loan for $40,000 than it is $400,000.

Step 1 - Shop some lenders. Let's find out where you stand right now. If you need help with your credit, a good loan officer can help you by guiding you on what to do to fix your credit, or they can usually help you locate a company to help you clean your credit. If your credit is good... they can pre-approve you on your loan.. you will know what rates they will offer, and how much money you will need out of pocket. If your scores are 620 or better, you will only need about $1400 down on a $40,000 FHA loan. * I can prove a few more details if you need them.

Step 2 - Go House shopping!! Easy as PIE!

Now for the shameless promotion: I can help you with all of that.. and it takes no more than about 15 to 20 min tops! Shoot me an e-mail.

Jason C Campbell
Realtor / Mortgage Loan Officer
Keller Williams Realty
210-389-5266
0 votes Thank Flag Link Mon Jan 31, 2011
Robin - I just keep reporting him every chance I get..hopefully Enily or someone from trulia will see it and delete his spam
0 votes Thank Flag Link Wed Jan 13, 2010
Innowayne, you are posting this same thing all over, and it is spamming. If that person want to answer legitimate questions, and give information, they should do it themselves, and the person reading the post will be able to find them.
0 votes Thank Flag Link Wed Jan 13, 2010
Johnny, if people want to find out information about getting a loan looking at the bottom tiers of this post will almost certainly give information that is WRONG!!!

The financing situation has changed a lot in 2 years. The details given that were right then are not longer valid.

Look at the recent replies, they are all saying contact me. That is the issue. People should not reply to an old post. They should wait for a new post asking a very similar question. Believe me, they will come.

I only have 2 questions about the recent posts.
Are they from people who never look at the dates questions are posted?
Are they helpful or just really a contact me soon so I can do some business kind of reply?

If the person who posted this 2 years ago is not going to be helped by any replies now, doesn't it look unprofessional to reply? I say yes.
0 votes Thank Flag Link Mon Jan 11, 2010
Jefferson do you think it is possible that someone else with a similar question might be able to find help or advice in the answers to the older questions?
0 votes Thank Flag Link Sat Jan 9, 2010
Folks ... Just under the Question is the DATE that it was originally posted. The Cecil profile was used only once - for this question and that was April 2008. I think that we can all let this one go ...
0 votes Thank Flag Link Fri Jan 8, 2010
search the usda site and see if the address qualifies if so you may qualify for 100% financing
0 votes Thank Flag Link Fri Jan 8, 2010
Cecil... get this.. you're gonna love this since your name starts w/ a "C" cause I've got a couple "C"'s for ya!

It's all about the 4 C's baby!!
Cash,
Collateral,
Capacity,
Credit

Now of course if you don't have any of those four "C"s, then you can always rely on the 5th "C"
Colt 45

But of course if you do rely on that 5th "C", then be prepared to be living in your new home that starts w/ a "C"
Cell as in Prison Cell...

Glad to have broken that down for ya. If you need help. Call a Realtor or Lender that can steer you in the right direction!

Merry "C"hristmas!!
Web Reference: http://www.eXposedHomes.com
0 votes Thank Flag Link Thu Dec 17, 2009
Take your monthly income multiplied X 60 and see what you get.
That's a quick down and dirty chief. Don't rely on it but try it youll like it....

http://www.foreclosureinfosearch.com
0 votes Thank Flag Link Wed Nov 11, 2009
Cecil,
Is this a single family home, condo or manufactured home. If it is a single family home and is only $40,000 you have done some great real estate shopping. Could the house use any updates or repairs. I think I would find a way to spend 20or so thousand on the house and getting a FHA 203K. That is if it is to be your place of residence. Otherwise the bank is your best bet.
Margaret
0 votes Thank Flag Link Wed Oct 1, 2008
If you do not want to do what Jim suggests, how will you go about getting a loan?
0 votes Thank Flag Link Tue May 27, 2008
is that 40K for a downpayment, or is that the price of the house?
0 votes Thank Flag Link Wed Apr 16, 2008
I am a real estate agent and loan officer I don't service for real estate the San Antonio area however we can provide you a referral and do the loan. You want a home mortgage loan officer that will take inconsideration your long term and short term goals.

You need to be pre-approved prior to submitting any offer on a property,
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Apr 16, 2008
Check with your Realtor for a referral to a lender or start with the bank or credit union where you do business now. Be sure to ask them if they will make home loans for $40,000. At one time there was a $50,000 minimum loan size, but things have changed so much it might be different now.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Apr 16, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Hi Cecil, Congrats on taking the "correct" first step in the home buying process! My suggestion is that you speak first with your own trusted advisors...friends,family,colleagues. Ask them for a referral, they may know someone in the area who can help you. Your 2nd option,which is equally as effective is to contact mortgage brokers/companies.
Before you start giving out personal information,be sure to contact a few different companies. You want to work with someone you trust and someone who will work hard for YOU. Start a conversation,do some research and choose someone that fits your needs.
The most important thing to know is that you (the consumer) have choices.
Feel fre to give me a call if I can be of any further assistance!
0 votes Thank Flag Link Wed Apr 16, 2008
Do you need Urgent loan? We give out loan to interested individuals who are seeking loan with good faith. Are you seriously in need of an urgent loan? then you are at the right place. We give out business loan,personal loan, contact us for your loan request to meet your demand and set out from financial problem.contact us today via email: t.guarantee@blumail.org
Thanks as we await your response
Trust Guarantee Loan
Flag Tue Apr 1, 2014
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