Irina Karan,
Agent, Sunny Isles Beach, FL
Hello Joi,
Some banks don't do small loans, and some do.
There is at least 20% down requirement in Miami, unless FHA.
Best, to speak to different lenders - banks, mortgage companies, credit unions and local banks like Regions Bank - all have different guidelines (rules of lending) - to see if you can get the loan.
Maybe you can buy it as a 2nd home?
Hope it helps,
Irina Karan
Beachfront Realty, Inc.
305-904-2355
IrinaKaran@gmail.com
Some banks don't do small loans, and some do.
There is at least 20% down requirement in Miami, unless FHA.
Best, to speak to different lenders - banks, mortgage companies, credit unions and local banks like Regions Bank - all have different guidelines (rules of lending) - to see if you can get the loan.
Maybe you can buy it as a 2nd home?
Hope it helps,
Irina Karan
Beachfront Realty, Inc.
305-904-2355
IrinaKaran@gmail.com
Lisa Reeves,
Agent, Tampa, FL
Only FHA allows for nonoccupant cosignors. Make sure condo building is FHA approved. Call Kevin Reeves at 813-728-4992 if you need help.
Alma Rose Kee, P.A.,
Agent, Tampa, FL
Hi Joi,
Most condos require at least 25% down.
Your re-fi loan officer should be able to answer your questions about being able to qualify.
If he/she can't then go here, it offers genuine advice:
http://www.MtgProfessor.com
All the best,
Alma
Alma Rose Kee PA
Future Home Realty http://www.SoldOnTampa.com
Most condos require at least 25% down.
Your re-fi loan officer should be able to answer your questions about being able to qualify.
If he/she can't then go here, it offers genuine advice:
http://www.MtgProfessor.com
All the best,
Alma
Alma Rose Kee PA
Future Home Realty http://www.SoldOnTampa.com
Andre' Shambley,
Agent, Miami, FL
Hi Joi,
There is a possibility you could get a loan to help your student son purchase a condo. Overall it would depend on your debt to income ratio amongst several other factors. If interested I know a direct lender I could you put you in contact with here in Miami. They have programs that don't require a minimum loan amount. Give me a call to discuss further 786-704-8482.
There is a possibility you could get a loan to help your student son purchase a condo. Overall it would depend on your debt to income ratio amongst several other factors. If interested I know a direct lender I could you put you in contact with here in Miami. They have programs that don't require a minimum loan amount. Give me a call to discuss further 786-704-8482.
Web Reference: http://www.MiamiFreeHomeInfo.com
Joi,
Home Buyer, North Miami, FL
Thanks for your response Ms. Ryan. you may have misunderstood info.. yes , definitely an older condo is what i am interested in . But at the price point of 40k, i can find the 20% down-payment, do you think i will be get a lender to give me a loan since I will be the primary borrower and i am restructuring my home loan in another state? (he is full-time student but work as well, but his income alone would not qualify)
Ann Ryan,
Agent, Doral, FL
If you have 40K in cash, you can in fact buy a small, older condo in North Miami. If you send me an e-mail (by clicking on my name) I'd be happy to send you a list of the 13 available properties in North Miami. (I can't advise you on the loan in NY).
Ann
Ann
