Financing in Cedar Rapids : Questions & Answers

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Jill Cram, Real Estate Pro in Cedar Rapids, IA
Jill Cram answered:
What is the best bank in Cedar Rapids for low mortgage rates for first time home buyers?
There are a lot of different mortgage options out there and selecting the best one for you depends on your credit score, debt-to-income ratios and down payment. A Realtor who is a buye ... more
0 votes Share Flag Fri Sep 13, 2013 Financing in Cedar Rapids
Carol Lakin-…, Real Estate Pro in Cedar Rapids, IA
Carol Lakin-vecellio answered:
can you explain points and how they work?
One point is one percentage point of the mortgaged amount not the sales price. (.01 X $150,000 - loan amt. = $1,500) There is usually one point in most loan interest rate quotes. It is ... more
0 votes Share Flag Sat Jul 6, 2013 Financing in Cedar Rapids
Le Ann Tyson, Real Estate Pro in Iowa City, IA
Le Ann Tyson answered:
what if your were layed of for a year and half and started a new job?
It is best to get caught up on your bills. You will want to save some money for down payment and closing costs. With a good credit score and a few months on the job you may be able to ... more
0 votes Share Flag Mon Dec 3, 2012 Financing in Cedar Rapids
Le Ann Tyson, Real Estate Pro in Iowa City, IA
Le Ann Tyson answered:
can i get a loan for a home if i have a bad credit score under 600?
It is best to contact a local lender and learn about the action you need to take to improve your credit score. It will be tough under a score of less than 620; however if you work with ... more
0 votes Share Flag Mon Dec 3, 2012 Financing in Cedar Rapids
Ben Gatton, Real Estate Pro in Cedar Rapids, IA
Ben Gatton answered:
what if your were layed of for a year and half and started a new job?
It's according to the lender, not all lenders are in the box lenders. There are in house loans that don't follow the same criteria as most lending institutions they go on a ca ... more
0 votes Share Flag Mon May 14, 2012 Financing in Cedar Rapids
Matt Ford, Real Estate Pro in Cedar Rapids, IA
Matt Ford answered:
i have been pre approved for the roots program that pays for 25% of the cost of home, but need to get a loan for the remaining, with bad credit?
Jfer,

Have you been to any lenders in CR to see if they will aprove you? I have a list of some that can do wonders. The ROOTS program is an amazing program! I would hate for you n ... more
0 votes Share Flag Sat Mar 3, 2012 Financing in Cedar Rapids
Shannon Feue…, Real Estate Pro in Cedar Rapids, IA
Shannon Feuerbach answered:
C. R., IA, S.W., College Community Schools: On a $105,000 condo: loan am't: $84,000. I need am't: Property Taxes, Hazard Ins., Private
Shane has some great answers as he is in the Mortgage Lending field. As with myself being a real estate agent in Cedar Rapids i would have guided you the same way. Since you bank at C ... more
0 votes Share Flag Wed Jul 6, 2011 Financing in Cedar Rapids
Bob  BOBERT, Real Estate Pro in Cedar Rapids, IA
Bob BOBERT answered:
How long do you have to be at your current job before you can get approved for a mortgage?
This is a good problem to have. Seriously, just as long as your husband's work is in a simiiar or related field.
Of course the most important criteria that most mortgage lenders ... more
0 votes Share Flag Wed Jan 26, 2011 Financing in Cedar Rapids
Brian Mcmurr…, Real Estate Pro in Tawas City, MI
Brian Mcmurray answered:
i need to get a loan, but i have no credit
Spend a few minutes with a Mortgage Broker and have him review your credit issues with you. Get specific recommendations on what you need to do to build or repair your credit.
0 votes Share Flag Mon Apr 5, 2010 Financing in Cedar Rapids
Alicia Porter, Real Estate Pro in Cedar Rapids, IA
Alicia Porter answered:
Is 806 36 th. St. S.E.Cedar Rapids IA 52403 approved for FHA financing ?
Good Morning Lucy,
This condo is no longer on the market. If you would like to see the current listings available, please check out my website at www.KeysFor.Me. If you are not curre ... more
0 votes Share Flag Sat Feb 20, 2010 Financing in 52403
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