Financing in Indianapolis : Questions & Answers

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Tom McCollis…, Real Estate Pro in 46038
Tom McCollister answered:
Any Indianapolis lenders who will do a 90% or higher HELOC or HE loan for someone with short sale 2 yrs ago (nov 2012)? Credit & ratios are
I'm not a lender, but 90% loan to value on a property may be difficult to find. Send me an email at the address below and I'll send you contact info for a few lenders you can check wit ... more
0 votes Share Flag Tue Nov 4, 2014 Financing in 46220
Jim Olive, Real Estate Pro in Key West, FL
Jim Olive answered:
i need to get cash from a 2 family i am on the deed of only my partner is on board what is the best route trying to avoid $out because of the reserves
Call me crazy, but it sounds like you might be over-extending yourself and on a collision course with financial disaster. The next step after this is a hard money lender, followed by V ... more
0 votes Share Flag Fri Aug 29, 2014 Financing in Indianapolis
Jessica Bate…, Real Estate Pro in Los Angeles, CA
Jessica Bateman answered:
Is a 30 yr fiixed FHA loan better than a 30 FIxed conventional loan?
You should speak to a loan officer so they can determine which type of loan is the best fit for you. The Lenders Network is a great site that will match you with lenders that are best s ... more
1 vote Share Flag Sun May 18, 2014 Financing in Indianapolis
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
First Time Home Buyer with NO money. I need help!!
If you are willing to move to Chicago you may qualify for the State of Illinois to give you $7500 you can use as your downpayment to buy a home. Are you willing to move to Chicago?

I ... more
0 votes Share Flag Fri May 16, 2014 Financing in Indianapolis
Ted Rood, Real Estate Pro in 63146
Ted Rood answered:
Looking for a mortgage broker in Indianapolis, Indiana
I lend in Indiana (and nationally), glad to help if you're looking for options. Here's a link to my profile on Mortgage News Daily: http://www.mortgagenewsdaily.com/members/trood/#{un ... more
0 votes Share Flag Thu Apr 3, 2014 Financing in Indianapolis
Bettina Sett…, Real Estate Pro in Greenwood, IN
Bettina Settles answered:
Can a foreign student obtain a conventional mortgage with F1 visa?
You might need to check with a mortgge compay on that first to be certain.

F-1 students may not work off-campus during the first academic year, but may accept on-campus employment s ... more
0 votes Share Flag Sat Sep 7, 2013 Financing in 46202
Cjoyglam, Renter in Huntsville, AL
Cjoyglam answered:
Is it good to apply for a credit card right after closing on a home . What are the chances of getting approved?
If my name is not on the loan but on the deed, am I able to put that I own a home on my credit card application?
0 votes Share Flag Wed Sep 4, 2013 Financing in Indianapolis
Mitch Rolsky, Real Estate Pro in 46204
Mitch Rolsky answered:
Sample of a prequaliying letter
Most Realtors and Sellers want a pre-approval vs a pre qualify letter. The difference is when you are pre-approved the lender has examined your credit history and based their decision o ... more
0 votes Share Flag Sat Aug 24, 2013 Financing in Indianapolis
Beverly Jeff…, Real Estate Pro in Waco, TX
Beverly Jefferson Onken Jones answered:
Can you refinance FHA loan with a VA loan?
Not in the state of Texas
0 votes Share Flag Wed Jul 17, 2013 Financing in Indianapolis
Tom McCollis…, Real Estate Pro in 46038
Tom McCollister answered:
Where can I find a nontraditional lender I need $20,000.00 to $30 ,000.00 I have a business that clears $150.000 after expenses credit score 600
I have some contacts that may be able to help. Is your main goal to get a loan to consolidate some of the debt or working towards getting a loan approval for a home purchase? Send me ... more
0 votes Share Flag Tue Jul 16, 2013 Financing in Indianapolis
Eugenia, Real Estate Pro in Indianapolis, IN
Eugenia answered:
Can a foreign student obtain a conventional mortgage with F1 visa?
I just recently graduated from a doctorate program myself. Jamelle is my agent. He is great at working miracles.
If you need a real estate agent call Jamelle Walker 317-453-0917. H ... more
0 votes Share Flag Sun Jul 7, 2013 Financing in 46202
stewart, Home Buyer in Georgia
stewart answered:
On a HUD property, can the lender use the FHA appraisal if the buyer is getting a conventional loan?
No. The appraisals are much lower for FHA than conventional. It is better to finance with conventional loan on a HUD home, because you do not have to come out of pocket for the differen ... more
0 votes Share Flag Fri Jul 5, 2013 Financing in Indianapolis
Marita Topmi…, Real Estate Pro in Carmel, IN
Marita Topmiller answered:
Is it true that FHA will not guarantee loans on condos where more than 10% of the condos are owned by one owner.?
Hi Janet,

Did you find a condo that is FHA certified?

Marita
0 votes Share Flag Wed Mar 27, 2013 Financing in Indianapolis
Marita Topmi…, Real Estate Pro in Carmel, IN
Marita Topmiller answered:
As as second-time home-buyer, will I be able to qualify for a mortgage with my current low income (which is soon to increase due to changing jobs)?
Hi YourActualName,

As you know there are no short cuts to knowledge.

I have a lender who specializes in rebuilding credit and he does it
with grant money into an account that yo ... more
0 votes Share Flag Wed Mar 27, 2013 Financing in Indianapolis
Fran Lazerov, Real Estate Pro in Indianapolis, IN
Fran Lazerov answered:
I am still not cleared to closed and my appraisal expired today and no one can tell me why. Can I get any recourse for whats lost?
That's very unfortunate. Sometimes if a house is in foreclosure or short sale, it takes many months. The lender should explain why it is taking so long. Whether it's documentation on ... more
0 votes Share Flag Fri Jan 11, 2013 Financing in Indianapolis
Brynn Sorens…, Real Estate Pro in Brookfield, WI
Brynn Sorenson answered:
I tried finding the nearest lender/mortgage broker in 46241 but they couldn't find any results?
Hello I can do loans though out the US would be happy to help you. You may email me at bsorenson@englending.com or call 262-649-5439.

Regards,
Brynn Sorenson
0 votes Share Flag Fri Nov 9, 2012 Financing in 46241
Victoria Ale…, Real Estate Pro in Indianapolis, IN
Victoria Alexander answered:
Looking for a mortgage lender or broker for help...
They may still have no money down programs depending on your credit and income. Best wishes. Victoria


Trevor G. Meeks
Production Manager
PrimeLending, A PlainsCapital Company
... more
0 votes Share Flag Tue Aug 28, 2012 Financing in Indianapolis
Marita Topmi…, Real Estate Pro in Carmel, IN
Marita Topmiller answered:
Morgage loan without US-credit history ?
Hello Ursula,

I think the best answer is always to go with one experienced in that which you seek.

Don Morical and Vickie Topmiller (familial plug lol) at Castle Mtg are such beca ... more
0 votes Share Flag Mon Aug 6, 2012 Financing in Indianapolis
Carl Henker, Real Estate Pro in 95928
Carl Henker answered:
Problems with a mortgage broker
Transfering your file should be an esay process, just have the current broker provide a copy. The set up process should take only a day or two? As for the apraisal a new lender will r ... more
0 votes Share Flag Thu May 31, 2012 Financing in Indianapolis
David Mennen, Real Estate Pro in Indiana
David Mennen answered:
How much in reserves required for FHA 203k loan on owner-occupied duplex?
Generally speaking no reserves are required. Please let me know if you need some help. We offer the 203k loan. David Mennen - Tippecanoe Mortgage. Call or text 765-714-8894.
0 votes Share Flag Tue May 15, 2012 Financing in Indianapolis
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