Conventional Rehab Loan Requirements All Locations : Nationwide Real Estate Advice

change location

cancel or

Activity

143
Showing results for Conventional Rehab Loan Requirements [Clear search]
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
In contract for home damaged by Sandy. No structural damage. Lower level needs walls & flooring. Subflooring OK. Lender won't fund unless fixed. Help
This is often a catch 22 that needs to be worked out. There is no easy answer and someone has to give in or it can't work. Good luck.
0 votes Share Flag Fri Apr 19, 2013 Home Buying in 11561
Gina Glathar, Real Estate Pro in Colleyville, TX
Gina Glathar answered:
We would like to buy our 2nd home in DE, a foreclosure property . It is need of ... and won't qualify for a conventional loan. ...
You might consider looking into a FHA 203K. These loans are designated for homes that are badly in need of repair. It covers both the property and the repair cost and the eligibility re ... more
0 votes Share Flag Fri Mar 15, 2013 Home Buying
Jeffrey Aust…,  in Phoenix, AZ
Jeffrey Austin answered:
Can a loan be gotten with a foreclosure of less than 3 years fico 720 no other credit issues?
Good morning,

Please read an article we wrote, http://www.newresalehomes.com/2011/12/22/buyers-waiting-period-after-a-recent-short-sale-foreclosure-or-bankruptcy/ as to your timeline ... more
0 votes Share Flag Sun Sep 1, 2013 Home Buying in 85296
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
the home i want to but is a fannie mae, the mls report say they only accept cash ... have a conventional loan. where do i go from here? ...
Talk to your professional Realtor and / or mortgage professional. With rehab loans it is very important to deal with professionals who have done many of these. Call me if you have any ... more
0 votes Share Flag Thu Jul 16, 2015 Financing in 55407
John Souerbry, Real Estate Pro in Fairfield, CA
John Souerbry answered:
20% down or 203K Loan - which one to choose?
Your question isn't one a real estate agent can answer. Best to speak with your tax pro or financial planner.
0 votes Share Flag Tue May 5, 2015 Home Buying in Fremont
Ann Ryan, Real Estate Pro in Doral, FL
Ann Ryan answered:
What is the process for buying a foreclosed home?
1) Begin with doing your due dilligence:
A) what is the condition of the home?
B) Are there any outstanding liens?

2) Review the comparables and determine a fair price for the home ... more
0 votes Share Flag Mon Feb 8, 2016 Home Buying in Miami
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I have been told by a realtor that it is not possible to get a mortgage on a foreclosed home that is not technically move in ready, is this true?
Not true at all:
Some Lenders have requirements as to Heath & Safety.
Some Lenders will not lend if the Appraisal notes a lot o work needed, which lowers the Appraised value.
But som ... more
0 votes Share Flag Fri Nov 30, 2012 Home Buying in Monroe
Linda Matejko, Real Estate Pro in Gilbert, AZ
Linda Matejko answered:
what is a acceptable credit score to a home loan?
Hi Jackelyn,

620 is on the low end of an acceptable credit score. You should speak to a lender and they can go over all the requirements and score, etc. If you would like a referral ... more
0 votes Share Flag Thu Dec 6, 2012 Home Buying in 85349
Manuel Brown, Real Estate Pro in Chicago, IL
Manuel Brown answered:
Multi-Unit Property Owner (with FHA loan) seeking to purchase Single Family Home
Dear DN,

Contact Tracy Campagna with guaranteed Rate at 773-383-1405 or email her at tracy.Campagna@guaranteedrate.com. She is great and she will explain to you step by step what yo ... more
0 votes Share Flag Mon Jan 27, 2014 Home Buying in Chicago
Moses Schwar…, Real Estate Pro in Coconut Grove, FL
Moses Schwartz answered:
I am looking to buy in Florida, 25%-50% loan possibilities?
Hi,
There are lenders that will lend you 50-60% without a problem as a second home or investment property. Feel free to call me and I can point you in the right direction. I have been ... more
0 votes Share Flag Fri Jun 12, 2015 Home Buying in Miami
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
When would be a good time to start the Mortgage/Realtor/house hunting process if one is looking to buy a home by March 2013?
Is Trulia looking to buy a home? If so, start now.
0 votes Share Flag Fri Feb 28, 2014 Home Buying in Bal Harbour
Michael Diggs, Real Estate Pro in Gladstone, MO
Michael Diggs answered:
How easy is it to obtain a FHA 203K loan? I'm looking for a house on a couple of acres, but most of them look ...
As long as the lender has experience with the 203k type loan & the home will appraise for the amount needed you be fine. I have a great lender that specializes in the FHA 203k loans ... more
0 votes Share Flag Sun Dec 27, 2015 Home Buying in Kansas City
John Burke, Real Estate Pro in ELK CITY, OK
John Burke answered:
"Paid ahead" student loans and fha requirements
Hi Bobie,

As long as you can document that there is no payment due for at least 12 months from the day of closing on the home, no he payments will not be included in your debt to inc ... more
0 votes Share Flag Fri Oct 26, 2012 Home Buying in Buckeye
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
If I buy a shortsale home for $450k but it needs about $50k in repairs will I find a lender who will give me a mortgage of $500k for this short sale?
It is possible, there are a couple of differenbt types of loans with one being a fha 203k program. you should first meet with a local and trusted loan officer that can prequailify you a ... more
0 votes Share Flag Mon Oct 6, 2014 Home Buying in Cedarhurst
William Pola…, Real Estate Pro in Boca Raton, FL
William Polack answered:
Need lender who can do loans for my international buyers?
I should be able to help you with that. First step, she'll need to create an LLC, Corp, or Trust if she doesn't already have one. Eventually, she'll want a trust and when ... more
0 votes Share Flag Tue Jun 14, 2016 Financing in Atlanta
Wesley Willi…, Real Estate Pro in Bakersfield, CA
Wesley Willingham answered:
Looking to purchase rentals in Bakersfield
There is a way to make this happen, but there are many details that are not addressed here and this is not the forum to do so. When you are ready for professional services contact me ... more
0 votes Share Flag Tue Aug 21, 2012 Home Buying in Bakersfield
Ronald Klug, Real Estate Pro in Las Vegas, NV
Ronald Klug answered:
I am looking to purchase 2 investment homes here in Vegas. Looking for 125 k or below because it seems the cap rates are higher at those lower prices.
Yes, I not only assist investors but invest my self. I just purchased a 5/3 home at the end of June for 104k and sold it 6 weeks later for 155k. One home I bought less then 30 months ag ... more
0 votes Share Flag Fri Mar 22, 2013 Home Buying in 89149
Sonny Shriva…, Real Estate Pro in Surprise, AZ
Sonny Shrivastava answered:
I want a new home, my spouse isn't a legal resident yet, does he/she have to fill out the application form at the agent request.
Will, I don't really understand the question... what application form? What agent request? Who is buying this house, you or our spouse or both? Are you financing or buying with cash?
0 votes Share Flag Tue Jul 10, 2012 Home Buying in Goodyear
Brian Carden…, Real Estate Pro in Scottsdale, AZ
Brian Cardenas answered:
Trying to get a loan
You don't need a 640 for FHA financing. Some lenders have that as a minimum, but FHA is 580 with the minimum down payment of 3.5%. You can pay down balances and that should help your ... more
0 votes Share Flag Mon Jul 14, 2014 Financing in 85298
1 2 3 4 5 6 7
Search Advice
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer