Financing in Huntsville : Questions & Answers

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Unspecified, Renter in
Unspecified asked:
Mortgage Companies that work with credit scores 560 and up? My husband and I are looking to buy a home in or around Huntsville, AL and I was wondering if there were any mortgage lenders that work with VA loans 560 and 616
0 votes Share Flag Wed Mar 25, 2015 Financing in Huntsville
Ken Edwards, Home Buyer in Julian, CA
Ken Edwards answered:
anyone else denied FHA loan because of unique property???
Holy cow yes! I have been in the loan process for more then two months..three extensions.... five lenders later all of them have waited till the last moment and said: due to the uniqu ... more
0 votes Share Flag Wed Sep 18, 2013 Financing in Huntsville
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
What are the new qualifications for FHA for someone who had a shortsale 2 years ago?
FHA is the most lenient for borrowers with a previous short sale. In 2010, HUD issued guidance to all lenders regarding borrower eligibility for FHA loans when:

• A previously ... more
0 votes Share Flag Fri Dec 14, 2012 Financing in Huntsville
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Is there any lenders who willapprove ahouse loan if already own a house and delinquent on the second mortgage?the fist mortgage being paid
No, all mortgage underwriting guidelines will not allow any late mortgage payments in the last 12 months. All mortgages the borrower has must be paid on time for a minimum of 12 months ... more
0 votes Share Flag Fri Dec 14, 2012 Financing in Huntsville
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
I recently applied for a home loan (owner/builder), but I was denied because of my credit history.
If you were denied because of credit history, then you need to find out from the lender exactly what about it that was not acceptable. It is very possible to currnelty have no outstand ... more
0 votes Share Flag Mon Jun 27, 2011 Financing in Huntsville
Jeffrey L Ga…, Real Estate Pro in Arlington, TX
Jeffrey L Garvin answered:
Also have Chase/GNMA mortgate. Don't qualify for Chase's refi due to low payment/income ratio. Any hope that GNMA will join the MHA?
Mortgage Banc (non-depository) within compliance of H.E.R.A. guidelines can determine eligibility,
Until otherwise informed all Mortgage Banks (despository) ie; bailout .banks
I sugge ... more
0 votes Share Flag Sat Nov 13, 2010 Financing in 35810
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