Financing in Indiana : Questions & Answers

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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
Mallorie Wil…, Real Estate Pro in Carmel, IN
Mallorie Wilson answered:
Are there any new home builders that will do a lease to purchase in Greenwood, Indiana?
With builders, this is nearly impossible to find. Builders are beginning to see tremendous traffic through their model homes as well as an increase in contracts to build. If I were you, ... more
0 votes Share Flag Wed May 30, 2012 Financing in Greenwood
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
Robint, Home Buyer in Indianapolis, IN
Robint asked:
My score is 605 right now. I have $2000 worth of medical collections right now, and one good trade line. I just opened a secured credit card with Capital One and one with First Premier Bank with low credit lines. How long will it take for me to get approved for a mortgage.
0 votes Share Flag Tue May 15, 2012 Financing in 46229
The Coffey T…, Real Estate Pro in Indianapolis, IN
The Coffey Team answered:
If one partner of a married couple, mortgages a home, does the other partner have ownership if there is a divorce?
A divorce lawyer would be best to ask that question.
0 votes Share Flag Thu May 10, 2012 Financing in Indianapolis
Mary Norris, Real Estate Pro in Washington, IN
Mary Norris answered:
if i have good credit but bad pay can i get a morgage with a co signer
It might be time to rethink home ownership. Unless you can make the monthly payments,utilities and everything else that goes along with home ownership, maybe you should find a better pa ... more
0 votes Share Flag Wed May 2, 2012 Financing in Brazil
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
if my name is the only one on the deed of the house but my ex-husbands name is the only one on the mortgage - do i have to consult him before i sell
Hi Abfab24,

The mortgage company will be contacted for a payoff amount. If the property is going to be a short sale, your ex-husband will have to sign the paperwork since the mortga ... more
0 votes Share Flag Tue Mar 6, 2012 Financing in Indiana
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
I'm relocating to Indiana from another state. Assuming I meet the other criteria, would I be eligible for IN's first-time homebuyer
There are several first time homebuyer programs specific to the areas. Contact a lender or agent from the area where you are going to move.
0 votes Share Flag Sat Mar 3, 2012 Financing in Indiana
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
I have one derogatory bill I owe on my credit report, I was told I had to resolve it to prequalify for FHA loan and then be clear for 1yr-true/false?
Definitely not true. Now if that one derog is a Child Support or IRS Judgment, that's a different story. But generally speaking it is at the discretion of the specific underwriter ... more
1 vote Share Flag Mon Feb 27, 2012 Financing in Indianapolis
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
I have been pre approved for a home for an FHA Loan, now its time to close. The lenders/investor reviewing unsure due to credit history 6 yrs ago
I take it you went to a Broker and he has submitted your loan into underwriting with his lender? Every State has a statue of limitations and most lenders can or will overlook something ... more
0 votes Share Flag Sun Feb 12, 2012 Financing in 46901
Confused, Other/Just Looking in 46131
Confused answered:
USDA Loans. I wish for once someone would put things straight on the requirements.
You have all been so helpful. Thank you so very much for explaining this further.
0 votes Share Flag Tue Feb 7, 2012 Financing in 46131
Christine Mc…, Real Estate Pro in Valparaiso, IN
Christine McDaniel answered:
where can i find a lender that will refinance a house with barn and 37 acres?
I use Mike Forrest with Real Estate Resource. He is a mortgage broker and works with several different banks. That way he can shop around for the best rate and loan. 219-678-9411
0 votes Share Flag Sun Feb 5, 2012 Financing in Leroy
Annette Siev…, Real Estate Pro in 97333
Annette Sievert answered:
I am an US resident and I am eligible to apply for the citizenship. I plan to get a house loan. Does it help to be the US citizen in a loan process?
No. We are German Citizens and we have bought and sold houses under J, H and Green Card, no difference. The one thing you need to be is legal, if you do not have a SNN get a Tax ID numb ... more
0 votes Share Flag Sat Nov 19, 2011 Financing in 47130
Peter Knight, Real Estate Pro in Fishers, IN
Peter Knight answered:
I'm looking to buy a home - the two lenders I've spoken with quoted about $2000 in closing costs. Are there lenders with lower closing?
You can compare lenders for closing costs by comparing the "effective APR". The effective APR includes fees such as origination, processing, etc. But rates can vary dependin ... more
0 votes Share Flag Wed Nov 16, 2011 Financing in Indianapolis
Trudiemullins, Other/Just Looking in Mishawaka, IN
Trudiemullins asked:
Are there any lenders who do FHA short refinances in Indiana? My current lenders only service their loans, so I have to find another lender. Underwater at least 10%
Current more than 12 months
Credit score in the mid 600s
Currently - conventional mortgages (1st and 2nd)
Not Fannie or Freddie
Loan modification - 2009 (non-HAMP).…
0 votes Share Flag Tue Nov 1, 2011 Financing in Mishawaka
Annette Levi…, Real Estate Pro in New York, NY
Annette Levinson answered:
Will Grandma be able to qualify for a reverse mrtge now? Met-life and American Mrtge said she has to wait 12 mths from time she was added to deed?
John,
Reverse mortgages can be used to purchase so there is no wait time. She needs to speak with a mortgage officer who does reverse and forward mortgages to go over all options.
0 votes Share Flag Thu Oct 27, 2011 Financing in 46394
Amanda and J…, Real Estate Pro in Fort Wayne, IN
Amanda and Jared Christiansen answered:
I need to get my password reset. I call NACA and no one answers and the system never replys with my password after over 3 weeks. Please help! W. Day
LOL @ Mary, Mona and Ed. William: Can you explain what NACA is please? Hope we can help you figure this out. Thanks.
0 votes Share Flag Sat Oct 22, 2011 Financing in Fort Wayne
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
We would like to purchase a home in the country (Dearborn Co)on contract.
Ernie,
Have you worked with an agent? As an agent I can filter my search for seller's who list "seller financing" as an option. If you don't find an acceptable o ... more
0 votes Share Flag Tue Oct 18, 2011 Financing in Aurora
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How much % can we get as a mortgage by buying a house.?? When we dicided to move and when we have a licence to go and also a good health insurance?
Consider visiting with any loan officer(s), after reviewing your overall financial information, income, credit, debt, etc., a determination on qualification can be made, the type of loa ... more
0 votes Share Flag Fri Oct 14, 2011 Financing in Miami County
ashleesue, Home Buyer in 47802
ashleesue answered:
i would like to know if terre haute Indiana has any homes for sale on contract.
I know this is 3 years late, but here's some info anyway:
www.pickoutyourhome.com and www.360-realty.com are 2 legit RTO companies that have properties here in TH. Shelly (POYH) a ... more
0 votes Share Flag Sat Sep 3, 2011 Financing in Terre Haute
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