Financing in Mississippi : Questions & Answers

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USMortgageRa…, Real Estate Pro in Plano, TX
USMortgageRanger answered:
1 million dollar Refinance with less than 20% down?
Hi DrJ3,

Thanks for the post. I have a JUMBO loan product that allow you to purchase or refinance up to $2.5M with 10% down with no PMI and score of 720+ at 6660-719 we can do 80% Lo ... more
0 votes Share Flag Fri Jul 24, 2015 Financing in Jackson
Brian Martuc…, Real Estate Pro in Washington, DC
Brian Martucci answered:
What closing costs does the seller usually pay?
If the seller is open to selling you can ask them, it is negotiable, in general. However, in most markets sellers are not into paying closing costs. They want a clean deal, with solid f ... more
0 votes Share Flag Sun Mar 8, 2015 Financing in 39564
Tony Garcia, Real Estate Pro in Charlotte, NC
Tony Garcia answered:
is a 653 FICO credit score really bad??
653 is not great but it is not bad.

FHA financing will go as low as 580 with 3.5% down. Conventional will go down to as low as 620 with 5% down.

What I suggest is you reach out t ... more
0 votes Share Flag Fri Jan 23, 2015 Financing in Hernando
Beth Davidson, Real Estate Pro in Hernando, MS
Beth Davidson answered:
i have a credit score of 653.What are my chances of getting a home loan?
The chances of you getting a home loan are high. You should not have any problems with your score. Remember that other factors do come into play when you are looking for a home loan. ... more
0 votes Share Flag Mon Dec 29, 2014 Financing in Hernando
Beth Davidson, Real Estate Pro in Hernando, MS
Beth Davidson answered:
Financing with bad credit
Contact a lender that can work with you on repairing your credit. You would be amazed at what fixing your credit will do for your life and your future. It might take a while but you c ... more
0 votes Share Flag Mon Dec 29, 2014 Financing in Hernando
Paula Crum, Real Estate Pro in Oxford, MS
Paula Crum answered:
I would to buy a house, but don't want to make a down payment. Is this possible?
Yes, it is possible to purchase a house with no down payment as long as you have been employed for at least 2-2.5 years, have good credit and are qualify for a government funded loan. P ... more
0 votes Share Flag Thu Dec 11, 2014 Financing in 38655
Murphy Team, Real Estate Pro in 04101
Murphy Team answered:
Can I pay cash for a car during the home refinance process?
There is way more scrutiny of your finances in the loan process today. This financial activity will show on your bank accounts and the underwriters will ask about this activity. As stat ... more
0 votes Share Flag Mon Nov 3, 2014 Financing in Mississippi
William Woods, Home Buyer in Rolling Fork, MS
William Woods asked:
Give contact number to banks that loan 25000.00 with 525 credit score with fixed monthly payments Give contact number where can get 25000.00 cash loan with 525 credit score with fixed monthly payments
0 votes Share Flag Sat May 10, 2014 Financing in Mississippi
Sarah Thobae, Real Estate Pro in 39211
Sarah Thobae answered:
Having a hard time finding a lender that has loans for residential land. Any suggestions? Hoping to find one with the least down payment.
southern ag credit off highland colony is another good one - joe mallard
0 votes Share Flag Wed Mar 19, 2014 Financing in 39110
Julie Davis, Real Estate Pro in 39047
Julie Davis answered:
Looking for an honest mortgage broker who can provide guidance in buying a home after foreclosure.
Contact me today. I've got a list of people whom I've successfully closed with. Juliedavisrealtor@yahoo.com. Would be happy to share information with you!
0 votes Share Flag Wed Jan 29, 2014 Financing in 39042
Jordan Bankh…, Real Estate Pro in Oxford, MS
Jordan Bankhead answered:
I'm look for Mortgage Broker in oxford MS
There are lots of great mortgage brokers in Oxford. I'd recommend Lindsay Whitehead at Bancorpsouth, Whitt Wilson at Renasant, or Michelle Mason at Mechanics Bank.
0 votes Share Flag Fri Dec 6, 2013 Financing in Oxford
Doug Capps,…, Real Estate Pro in Hernando, MS
Doug Capps, MMS, CLO, CRMS answered:
I am currently having a house built under an FHA loan. Can I marry someone who already has an FHA loan on thier home without affecting my close?
Hi Montana,

This could be an issue. FHA generally doesn't want borrower's having more than one FHA loan at a time - although there are some extenuating circumstances where FHA will ... more
0 votes Share Flag Fri Aug 9, 2013 Financing in 38654
Kennyadams00, Home Buyer in New York, NY
Kennyadams00 asked:
Loan modifacation Hi my wife and I are trying to get our mortgage payments down by loan modification and hopefully reduce the intrest if this is denied would filing chapter 13 help
0 votes Share Flag Fri Jul 19, 2013 Financing in Mississippi
Sondra Simps…, Home Buyer in North Richland Hills,...
Sondra Simpson asked:
I own a home in Jackson, MS and currently owe 48,500. What are my options for refinancing since most lenders will not loan under 50k? Credit score 760 The current interest rate is 7.125%. I've owned the home 5 years. I am looking for options to help secure a better interest rate and possibly bring the loan to a 15 year payment schedule…
0 votes Share Flag Fri May 17, 2013 Financing in Jackson
Doug Capps,…, Real Estate Pro in Hernando, MS
Doug Capps, MMS, CLO, CRMS answered:
Does anyone know of any first time homebuyers assistance companies for single parents? Thank you for your assistance.
In Mississippi, there is only one company that provides down payment assistance programs - MS Home Corp. The two main down payment assistance programs are the: Mortgage Revenue Bond a ... more
0 votes Share Flag Mon Mar 18, 2013 Financing in Olive Branch
Marlon Morris, Real Estate Pro in Byram, MS
Marlon Morris answered:
can a realator help me get approved for a home with bad credit?
A Realtor can help you by finding a loan officer that will work with you to get your credit to a point where you will qualify for a mortgage. The most important thing to remember is th ... more
0 votes Share Flag Sat Jan 12, 2013 Financing in Byram
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
What happens if you find yourself "upside down" with your mortgage? This includes the current mortgage and 2nd mortgage.
You need to speak with an agent with experience in short sales. If you do not know any in your area please feel free to contact me. I am a member of the 2 largest short sale networks ... more
0 votes Share Flag Fri Nov 9, 2012 Financing in Southaven
Melissa Ellis, Real Estate Pro in 39047
Melissa Ellis answered:
Is there any programs for first time buyers available?
There are grant programs and down payment assistance available. I would recommend speaking with a local mortgage professional to learn more about what is available at this time.
0 votes Share Flag Tue Oct 2, 2012 Financing in Brandon
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