Financing in Vanderburgh County : Real Estate Advice

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., Other/Just Looking in Newburgh, IN
. answered:
If we sell our home but don't close before closing date of our new home buy, is there a loan/other financing available to cover down payment
One way for a down payment is a "gift" from a relative. The lender will let you get money from a relative as a gift for the money down on a house. Some lenders will let you ... more
0 votes Share Flag Mon Mar 29, 2010 Financing in 47715
Larry Watson, Real Estate Pro in Evansville, IN
Larry Watson answered:
Will I get homebuyers credit? - Land contract, Taxes and Insurance
Greg, you are going to need a lawyer and an accountant for this. If you assume your brother's loan, I believe you can get the credit. If he sells it on contract, without assumpti ... more
0 votes Share Flag Mon Feb 15, 2010 Financing in 47715
Elva Wormley, Real Estate Pro in San Jose, CA
Elva Wormley answered:
Contract Sale - Seller has FHA Mortgage
Hi Greg,

As far as I know, with FHA, the taxes and insurance must be impounded/escrowed.

Best regards,
Elva
0 votes Share Flag Mon Feb 15, 2010 Financing in 47715
John Shellin…, Real Estate Pro in Pearland, TX
John Shellington answered:
Looking for an FHA 203k lender in Evansville, IN. Thank you!
Try Wells Fargo and Bank of America in your area. They are soliciting these loans in the Houston, Texas area.
0 votes Share Flag Fri Jun 5, 2015 Financing in Evansville
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