Financing in Tuscaloosa : Questions & Answers

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Houston, Other/Just Looking in 35401
Houston asked:
How can someone without a job be able to live in this kind of home? Without having to live a shady life
0 votes Share Flag Tue Mar 13, 2012 Financing in 35401
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Wells Fargo lowered their credit score requirement for FHA loans...for 600, the down pmt can be a lender approved gift. What is a lender approved?
For FHA financing, the minimun down payment it 3.5%. If the borrower is receiving a gift, it must be from a family member or someone with a demonstrated relationship to the borrower. ... more
0 votes Share Flag Sun Aug 7, 2011 Financing in Tuscaloosa
Heather Speed, Real Estate Pro in Tuscaloosa, AL
Heather Speed answered:
Do you have to buy specific homes if you get a FHA loan or can you buy which ever home that's in your loan range?
When you decide you are ready to make a purchase, make sure you contact an agent that is a REALTOR(R) and not just a salesperson. REALTORS are members of the National Association of RE ... more
1 vote Share Flag Fri Aug 5, 2011 Financing in Tuscaloosa
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I am looking for a loan to buy a house and my credit score is 570. I own my own trailer and need help with loan.
FHA requires a score of 620 and 3.5% down--if you haven't already, visit with any qualified loan officer (s) and see exactly what your budget can handle--check that credit score ag ... more
0 votes Share Flag Thu Jan 21, 2010 Financing in Tuscaloosa
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