Financing in Pensacola : Questions & Answers

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Ray Stevens, Real Estate Pro in Naples, FL
Ray Stevens answered:
i am looking for a lender that will do an FHA new construction or FHA construction-to-perm loan in Pensacola Florida
I can handle that kind of mortgage. Please give me a call.

Please call or email me anytime.


Sincerely,


Ray R. Stevens
GSF Mortgage Corporation
Branch Manager
Branch ... more
0 votes Share Flag Tue Jul 15, 2014 Financing in 32501
Mike Tarleton, Real Estate Pro in Santa Rosa Beach, FL
Mike Tarleton answered:
Where is the best place to start looking for a construction to perm loan?
Hi, what type of permanent financing will you be seeking? I have several options for construction and permanent loans and have been in this business specializing in construction lending ... more
1 vote Share Flag Sun Mar 30, 2014 Financing in Pensacola
Ray Stevens, Real Estate Pro in Naples, FL
Ray Stevens answered:
I want to buy a house but I"m on disability, and don't have a down payment. Can I ever hope to get a house? Under 33,000
VA and USDA loans don't require a down payment. In addition, lenders and sellers can help you with closing costs.


Sincerely,


Ray R. Stevens
GSF Mortgage Corporation
Branch ... more
0 votes Share Flag Fri Feb 7, 2014 Financing in 32505
W. Ted Brown, Real Estate Pro in Pensacola, FL
W. Ted Brown answered:
I'd like to start looking for a home, with my target buy being before November (current lease is up). When should I start looking for mortgages?
In my previous answer I didn't refer to what is becoming very popular with buyers and sellers alike - the FHA 203k mortgage loan. You sound like a good candidate for it depending on the ... more
0 votes Share Flag Wed Jul 31, 2013 Financing in 32504
Lowell Sterl…, Real Estate Pro in Plano, TX
Lowell Sterling answered:
My husband and I would like to buy a home and are wondering what our chance is of getting a loan
Are you shopping for a Home? It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also ... more
0 votes Share Flag Sun May 12, 2013 Financing in 32504
W. Ted Brown, Real Estate Pro in Pensacola, FL
W. Ted Brown answered:
I want to purchase a home but my credit score is low 500's. Where can I go to get financing? I have a stable job history.
I'd be happy to sit down with you an review your situation. There are things that can be done, over a little time. Do you have any relatives such as parents that could help out financia ... more
0 votes Share Flag Sat Feb 23, 2013 Financing in 32504
Derek Nienab…, Real Estate Pro in Pensacola, FL
Derek Nienaber answered:
How and where would I find owner financed property to get home in Pensacola west.?
I have a wonderful house that may meet your owner finance needs.
218 Betty Rd, Pensacola, FL 32507
Derek 408-660-7719
0 votes Share Flag Thu Nov 15, 2012 Financing in 32501
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
How does age factor into a lender's decision about financing a home purchase?
Hi, Lily: In short, by law unless you are still considered a minor in your state, age is not to be a determining factor at all.
0 votes Share Flag Sun Apr 10, 2011 Financing in Pensacola
Justin Ruzic…, Real Estate Pro in Fort Myers, FL
Justin Ruzicka (239) 699-0517 answered:
can u be approved with a 605 fico score for a new mortgage in pensacola, fl?
Ann, you need to consider a few things.
Here is a blog i wrote about FHA loans, it might be helpful for you.
http://2000shortsales.blogspot.com/2011/01/buying-house-costs-more-than-3- ... more
0 votes Share Flag Wed Mar 30, 2011 Financing in Pensacola
Paula Bean, Real Estate Pro in Orlando, FL
Paula Bean answered:
The question I am really asking is how a lender is protected when a borrower dies during the loan period
Lilly,
Thee is no one right answer, as it depends on too many variables.
Is there a spouse? is spouse on loan?
Is thee pmi?
a will?
Life insurance?
Although none of us are attor ... more
0 votes Share Flag Fri Mar 4, 2011 Financing in Pensacola
Heather180267, Other/Just Looking in Pensacola, FL
Heather180267 answered:
Where can I get the real facts about homeowners insurance in Pensacola?
The Insurance Lady/Titan Insurance has the best rates in the area. They have been in Pensacola for over 30 years. Their phone number is 850-456-4953
0 votes Share Flag Thu Jan 6, 2011 Financing in Northeast Pensacola
Michael Mess…, Real Estate Pro in Lakewood Ranch, FL
Michael Messineo answered:
Looking for financing for FL condo that doesnt meet Fannie Mae requirements. Newer condo, developer hasnt turned over hoa, owns more than 10%. ideas?
Brian,

This is a major risk and the reason Fannie will not lend. If that developer goes under, owners of these units will suffer. Its not uncommon in FL right now and condo buyers ... more
1 vote Share Flag Wed Oct 27, 2010 Financing in Pensacola
Sam Thompson, Real Estate Pro in Alpharetta, GA
Sam Thompson answered:
Does any one know more about the $100 Down HUD Home financing when getting FHA financing for owner occupants?
Actually, the $100 down payment program is also available in both Florida and Georgia...I know it is available in Georgia because I live and work there......It just was not listed on th ... more
0 votes Share Flag Fri Jun 25, 2010 Financing in Pensacola
Margo Painter, Real Estate Pro in Pensacola, FL
Margo Painter answered:
Can a person sign on a home loan with another and have the first person later back out of the deal an leave the debt to the second person?
Hi Leeann, The best advice I could give you after selling Real Estate for 31 years...DO NOT COSIGN WITH ANYONE, UNLESS YOU KNOW YOU CAN MAKE IT WITHOUT THEIR HELP!! If they stop paying, ... more
0 votes Share Flag Fri Jun 25, 2010 Financing in Pensacola
Voices Member,  in
Voices Member answered:
USDA loan eligibility
No Argument here Jacqueline, just like to provide the opportunity for a little chance to review the options, maybe become familiar enough to ask intelligent questions of the lender.

... more
0 votes Share Flag Sat Aug 22, 2009 Financing in Pensacola
Joshua A. Le…, Real Estate Pro in Saint Petersburg, FL
Joshua A. Lerette answered:
what is the going rate of interest bor me just coming out of chapter 7--is 9.2 reasonable?
If you are getting a loan at 9.2% just coming out of ch. 7...take it and run with it! Those days are done and like Ryan said, only Hard Money lenders requiring at least 45% down are all ... more
1 vote Share Flag Thu Jul 16, 2009 Financing in Pensacola
Darryl Singl…, Real Estate Pro in Pensacola, FL
Darryl Singleton answered:
what are the rates as of today 12/16/2008?
Hi Cathy,

Rates right now are between 5% and 5.5%. It really depends on what type of loan and the terms. You can even buy down the rate by paying points. I suggest speaking to a l ... more
0 votes Share Flag Tue Dec 16, 2008 Financing in 32507
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
I recently (FINALLY) sold my house in Tallahassee area and got nothing out of it. I've been renting the past
good afternoon lee.....john brown's response below is a great one and i agree with him, with the exception that fha now is 3.5% down.it changed january 1st- 2009..... if you are trying ... more
0 votes Share Flag Fri Oct 10, 2008 Financing in Pensacola
Mark Zacharc…, Real Estate Pro in Ocean, NJ
Mark Zacharczyk answered:
What's the best way to buy a house and at the same time rent out our existing home?
Wow! I love this question! I actually did this earlier this year (with a lease-to-purchase option), and luckily, it went swimmingly smooth for me. (I did the lease-to-purchase option ... more
0 votes Share Flag Sat Sep 29, 2007 Financing in Pensacola
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