Financing in Illinois : Questions & Answers

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Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
How do I buy a (Nice) home with NO money down?
Save up for the down payment.
0 votes Share Flag Wed Dec 24, 2014 Financing in 61820
Michael B De…, Other/Just Looking in 48415
Michael B Decman 630-427-4668 answered:
What are the current down payment requirements for Homepath loans? Owner-occupied single family, OO 2 unit, and OO 3-4 unit?
$1000 or 1% of loan amount, with Smart Move 1 0r 2 units
Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Offic ... more
0 votes Share Flag Wed Dec 24, 2014 Financing in Chicago
Darren_briss…, Home Buyer in New York, NY
Darren_brissett asked:
Mortgage Loan Bolingbrook, Il My wife and I are looking to buy a house in Bolingbrook, il. I am new to the usa and have about 7 months good on time payments credit history using my Itin. My wife on the other hand, has…
0 votes Share Flag Fri Dec 12, 2014 Financing in Berwyn
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
We need HM acquisition and rehab funding for 3 NOO properties. 2 occupied properties and 1rehab. Total is 224K and we have 20% down available.
This will be tough. I do not think this is possible right now.
0 votes Share Flag Mon Dec 8, 2014 Financing in Chicago
JUAN ESPINOSA, Real Estate Pro in Chicago, IL
JUAN ESPINOSA answered:
home loans using ITIN number?
Tenemos un Banco en Chicago que solamente hase prestamos en Cook County!! Llame para haser su primer consulta 312-730-8875 Juan
0 votes Share Flag Tue Dec 2, 2014 Financing in 60618
Januskis, Home Buyer in New York, NY
Januskis answered:
Can I get a home loan in IL after 2 years since short sale?
I believe the only loan that is realistic to get approval is portfolio loan. Everybody knows that any Fannie or Freddie loans are impossible to qualify after 2 years because of extenuat ... more
0 votes Share Flag Mon Dec 1, 2014 Financing in 60103
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Getting a loan for a mixed-use building.
I have a lender who does commercial loans. His name is Mike T w/ Blue Leaf. His cell 312-420-7407. They are good. Small bank and more flexible with things like this.
0 votes Share Flag Sun Nov 30, 2014 Financing in Chicago
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
Any suggestions or recommendations for financing?
I think I know which development your talking about. I know a few lenders who will do a conventional loan in there. Let me know if you would like a few names.
0 votes Share Flag Fri Nov 21, 2014 Financing in 60610
Juliette Dav…, Real Estate Pro in Chicago, IL
Juliette Davis asked:
REVERSE MORTGAGE: How to obtain FHA Condo Approval / Recertification with lease restrictions contained in Amendment to Cono Dec I understand all reverse mortgages require the HOA to be FHA Approved. I live in a condo whose FHA Certification expired in 2012 and cannot be recertified because of lease restrictions…
0 votes Share Flag Thu Nov 13, 2014 Financing in Chicago
Michael B De…, Other/Just Looking in 48415
Michael B Decman 630-427-4668 answered:
Loan after a bancrupcy
After chapter 7 bankruptcy you will need to wait at least 2 years from the time of the bankruptcy discharge before applying for an FHA mortgage, and 4 years for a conventional loan. Thi ... more
0 votes Share Flag Thu Nov 13, 2014 Financing in Chicago
Danielle Hud…, Home Buyer in New York, NY
Danielle Hudson answered:
we have a credit score of 612 who will finance us to buy a house that is 55000?
Good Day Sir/Madam:

Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are so ... more
0 votes Share Flag Tue Nov 4, 2014 Financing in Bloomington
Patty Harris…, Real Estate Pro in Naperville, IL
Patty Harrison 630-854-3459 answered:
Do I have to wait years from auction date if my home was surrendered in a ch. 7 bankruptcy even though I do not have a foreclosure on record
Hi Nicole:

We have a program that does not have the same seasoning requirements on bankruptcy or foreclosures as conventional or government programs. If you would like more informat ... more
0 votes Share Flag Mon Nov 3, 2014 Financing in Rolling Meadows
Felecia Dawk…, Real Estate Pro in Chicago, IL
Felecia Dawkins answered:
Looking for a private loan for $40,000.00
Im a commercial mortgage broker and I have several sources that offer the type of financing you need. Please contact me @ Felecia.fldinc@yahoo.com to discuss.

Thx Felecia Dawkins
0 votes Share Flag Sat Nov 1, 2014 Financing in Chicago
John Burke, Real Estate Pro in Austin, TX
John Burke answered:
Are there any lenders offering blanket loans near Scott AFB in Illinois ?
Hi Rashel,

Thank you for your service.

Unfortunately there is not a program that would do what you're wanting to but you probably don't need it.

Here's why:

1) You can have ... more
0 votes Share Flag Fri Oct 31, 2014 Financing in 62225
Rashel Jeffe…, Home Buyer in Honolulu, HI
Rashel Jefferson asked:
Are their lenders that still offer blanket mortgages in Illinois? My husband and I are both in the military and have orders to Illinois. We are going to buy but I already own a home in Michigan and we wanted to find out if it is still possible to find…
0 votes Share Flag Wed Oct 29, 2014 Financing in 62225
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
I looking to borrow 20-40k on a single-family home that I own free and clear . I have no credit or assets . All I have is the property as collateral.
The best way to find out is to get in touch with a lender. Only they know if its possible.
0 votes Share Flag Wed Oct 29, 2014 Financing in Chicago
Shannon, Home Buyer in Champaign, IL
Shannon answered:
I have EXCELLENT credit (around low to mid 700's) but no money for a down payment. What can I do?????? I'm SOOO tired of waisting money on my apt.
I got a $10k grant from the state for buying a vacant home. I had to fill out a metric ton of paperwork but it was worth it. I just have to live here 2 years and the grant is forgiven ... more
1 vote Share Flag Wed Oct 22, 2014 Financing in 61820
Danielle Hud…, Home Buyer in New York, NY
Danielle Hudson answered:
How do I borrow money to finish a home that did not have a construction loan or mortgage?
Good Day Sir/Madam:

Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are so ... more
0 votes Share Flag Sun Oct 19, 2014 Financing in 60611
Howie Andron, Real Estate Pro in Chicago, IL
Howie Andron answered:
hello I'm looking for am investor
This probably is not the right forum to seek business investors
0 votes Share Flag Thu Oct 16, 2014 Financing in Chicago
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