In My Neighborhood in 76126>Question Details

Disabled, Renter in 76126

we want a just take over payments and move in. my husband is a veteran disabled. we need to get out of apt. upstairs to level ground. in fortworth

Asked by Disabled, 76126 Fri Feb 3, 2012

we want a move in take over payments. can u find it with no down?

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As a disabled Vet, you would be qualified for a 100% VA loan, and the seller would be allowed to pay all of your closing costs and prepaids (assuming the house would appraise for that price.) Qualification depends on income, credit scores, and VA eligibility. If he has a 30% or greater disability, you should ask for the Texas Vet benefit to lower the interest rate.
If you found an assumption, the answers below stating that it would take some cash to get closed is probably correct. A purchase would get you the zero move in.
I suggest you discuss your prequalification with a licensed mortgage loan officer.
Good luck!
Barbara Coker
NMLS# 228545
Web Reference: http://www.thecokerteam.com
0 votes Thank Flag Link Mon Feb 6, 2012
Renter you would need pay a security deposit(s) based on credit scores. IF below a 625 - or + requires double deposits and 1st months rent .

Fort Worth homes for rent Forth Worth TX
http://www.lynn911.com/Web/AR287090/CustomContent/index/5041503

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Fri Feb 3, 2012
You will need to speak to your bank first to confirm that you can qualify for an assumable loan. Then the current home must be occupied by a Veteran who is willing to sell with no money down. This will be difficult to find as most home owners sell their equity (if they have any). Speak with the VA and see if they are aware of any homes that are assumable. I don't see many of these.

Wish I had better news for you!

Lucy A. Puniwai
REALTOR®
(214)783-6416 - Cell/TEXT
(682-224-8050 - Fax

puniwai@fathomrealty.com



In God we Trust
0 votes Thank Flag Link Fri Feb 3, 2012
Never do this.
It's a great way to get in trouble.
You can get a VA loan with no money down with a decent credit score.
Check with your bank to see if you can get prequalified for a loan.
0 votes Thank Flag Link Fri Feb 3, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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