Home Buying in Ormewood Park : Questions & Answers

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Jaquillia Jo…, Real Estate Pro in Atlanta, GA
Jaquillia Jones-Garrott answered:
How much money do I need for a downpayment on a FHA first time home buyer house priced $35,000.00
The answer is 3.5% but the real question is what lender can/will do that amount. I have 5 preferred lenders I work with from big box to home grown. Call me with your email address and I ... more
0 votes Share Flag Mon Nov 25, 2013 Home Buying in Ormewood Park
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Do you have to put down 3.5% when using a 203k and streamlined k loan if improvements are 35,500?
If purchasing a HUD REO property, then the minimum down payment would be $100 as long as the credit score is 640+.
0 votes Share Flag Sun Dec 9, 2012 Home Buying in Ormewood Park
Christopher…, Real Estate Pro in Marietta, GA
Christopher Colvin answered:
203(K) and streamline (K), what is the proccess like? How long to close?
This is an old question, but still very relevant to today - if not more so.
Closing is 45-60 days minimum. So keep your eye on any extensions/deadlines and make sure the realtor is as ... more
0 votes Share Flag Wed Nov 28, 2012 Home Buying in Ormewood Park
Karen Colbert, Real Estate Pro in Sandy Springs, GA
Karen Colbert answered:
i am a first time home buyer and i am thinking about signing a contract on a 203k my credit union doesn't
As you can see the answer is pretty unanamious. While I am an agent with Keller Williams I have 20 years banking experience and I would not advise my client to do a 203K without the s ... more
0 votes Share Flag Sun Jun 7, 2009 Home Buying in Ormewood Park
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