Financing in Lake County : Questions & Answers

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Kerry Cybuls…, Real Estate Pro in Lake County, OH
Kerry Cybulski answered:
Lenders won't approve for conventional due to condition condo is in? My fiancée and I are buying our first home and have decided to go with a
My husband is looking into your situation, he is a lender for a local bank in the Mentor area. The name of the condo complex is neede to see if it is FHA approved. The 203K loan is a ... more
0 votes Share Flag Wed Sep 22, 2010 Financing in Mentor
John Wirsing, Real Estate Pro in Chagrin Falls, OH
John Wirsing answered:
Is there a chance the first time home buyer tax credit will be extended? (I'm graduating from dental school in May, we're looking to buy
Hi Lundon-
No one knows what Uncle sam wil decide.
The National Association Of Realtors is lobbying hard to get it extended (and expanded).
But, at this time, to qualify, a deal MUST ... more
0 votes Share Flag Mon Sep 21, 2009 Financing in Lake County
Jessie Pachan, Real Estate Pro in Canton, OH
Jessie Pachan answered:
we are first time home buyers, with credit scores around 740, what is the maximum loan for a FHA loan?
Hello Lundon,

John was correct the loan limit was $298,750 and with the 3.5% required down payment, your purchase price can be up to $309,585. Now is also a great time to buy becaus ... more
0 votes Share Flag Mon Sep 21, 2009 Financing in Lake County
Joshua Pick, Real Estate Pro in Valley City, OH
Joshua Pick answered:
What does your credit score have to be to re-finance???
Robert is right, lenders will typically require a 620 credit score; however, if you have compensating factors such as a low debt to income ratio, or a money in a Savings account ... more
0 votes Share Flag Sun Jul 26, 2009 Financing in Willowick
Brittany Sim…, Real Estate Pro in Columbus, OH
Brittany Simonelli answered:
I have been approved for a FHA loan and have found a house but I think it will need a furnace and I was told

Check with your local smaller banks that will offer portfolio products. (this means they loan their own money-and hold onto mortgages, therefore they do not have to conform to F ... more
0 votes Share Flag Thu Jan 29, 2009 Financing in 44077
Bill Clemens, Real Estate Pro in Kirtland, OH
Bill Clemens answered:
HI Allshia.
I just sold a home in MOTL for a couple in your exact circumstance. They are currently 3/4 through their new construction project in South Carolina which I helped the ... more
1 vote Share Flag Fri Dec 19, 2008 Financing in 44095
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