Financing in Peoria : Questions & Answers

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cboswell, Other/Just Looking in Peoria, IL
cboswell answered:
What are the guidelines for getting down payment assistance? What is the maximum earnings allowed to qualify?
There are several programs available to assist first time borrowers. METEC a community development corporation has funds that range between $7500 and $8500 based on household income. IH ... more
0 votes Share Flag Sun Sep 15, 2013 Financing in Peoria
Jessica Bate…, Real Estate Pro in Los Angeles, CA
Jessica Bateman answered:
Trying to Get FHA Loan Preapproval - 700 credit score; under 2 yrs employment; decent downpayment
I have had several clients get an approval in the same position. I suggest going to The Lenders Network. They are kind of like Lending Tree for people with different situations that mak ... more
0 votes Share Flag Thu Aug 1, 2013 Financing in Peoria
Brent Kluge, Real Estate Pro in District of Columbia
Brent Kluge answered:
Does anyone have any experience w/ FHA 203k loans for first time buyers? Good idea, bad idea?
Not a good idea.... a GREAT IDEA!

Buy a home in this market and MAKE money, or don't buy at all. Have the home in amazing condition, have some fun with it.

Secret is work w ... more
0 votes Share Flag Tue May 24, 2011 Financing in Peoria
Cindi Hagley, Real Estate Pro in San Ramon, CA
Cindi Hagley answered:
Can I assume a mortage from a friend?
You will have to qualify with the lender, if they'll even aloow it. Another option may be to do a wrap, which I would be careful of....especially if this is a friend!
0 votes Share Flag Tue Nov 11, 2008 Financing in Peoria
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