Financing in Winter Park : Advice

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Eileen Eskew,…, Real Estate Pro in 32765
Eileen Eskew, P.A. answered:
Tell me about property taxes in winter park,am moving from ny and trying to get a grip on affordability
Hi George,

Property tax is determined by millage rate. To calculate property tax:

Divide the millage rate by 1000
Multiply that number by the adjusted value of the property (purc ... more
0 votes Share Flag Wed Apr 17, 2013 Financing in Winter Park
Normalina Ma…, Real Estate Pro in Winter Park, FL
Normalina Martin answered:
Are 90/10 mortgages still available in Florida? We're having trouble coming up with 20% since housing is more $$ than in Memphis.
Hi Eop1015,

The limits depend on the type of property you are purchasing. For example in Seminole and Orange county:

Single family home $353,750
Duplex $452,850

What's the pri ... more
0 votes Share Flag Fri Mar 1, 2013 Financing in Winter Park
Ron Hobbs, Real Estate Pro in Lake Mary, FL
Ron Hobbs answered:
I am in the process of buying a 2 family hud property for investment and have been approved for a conventional loan. The home needs $5K inprovents
Yaktop,
You have encountered a common problem... repairs. Any lender can allow for an escrow-holdback for repairs, however even if allowable the decision is always at the underwri ... more
0 votes Share Flag Tue Mar 16, 2010 Financing in 32789
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
I have been approved for a mortgage on an extremely low-priced home which I just found out will need approximately 10k in repairs to be habitable.
Hi, Marie

Your best option is a FHA 203BK (Baby K). This is the scaled verision of a 203 K that allows up to 35K in repairs and renovations that do not included tearing down interio ... more
1 vote Share Flag Thu Sep 24, 2009 Financing in 32789
James R. Ven…, Real Estate Pro in 33156
James R. Venney CMP, CMPS answered:
I own a condo in a ski resort. I currently have no loans against the property but would like get a home
You will find that many lenders do not lend in Condo-tels however some of the bigger banks do (ie Wells Fargo, Chase). You will also find that many local and regional banks that portfo ... more
0 votes Share Flag Sat Nov 8, 2008 Financing in Winter Park
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