I know that the current financial climate in the mortgage world is not very friendly. However, if you contact our HomeServices Lending Mortgage Officer, Ms. Sh ... more
I consulted with our HomeServices Mortgage Officer, Sharon Swift, and she was unable to find any reference to a $9,000. grant program. She did mention the Home ... more
Please do keep in mind that the lender has overlay requirements that vary as well. One lender may have min score of 600 and another 620 or 640. FHA also has new guidelines a ... more
(principle, interest, taxes, insurance, mortgage insurance) PITIMI+HOA/gross mo ... more
I am curious of the consumer's opinion and reaction of this loan program.
As the others have said...please contact an attorney. For a while land leases were popular ways to sell a home and this is exactly how it's done. You keep an unrecorded deed ... more
That is a tricky question without a clear answer. The short is, yes, it can be counted under certain circumstances and based on the policy of the individual lender. i wou ... more
I am guessing that the seller is probably paying the closing costs also. The problem is that a seller can only contribute a certain percentage back to the buyer with the ne ... more