If your wife can qualify with a good credit score and has good income by herself she should be able to qualify by herself, but if she needs help with the income part you should be able to use a co-signer as long as they qualify with a good credit score and a good income. To know for sure I can refer you to a good mortgage lender they can help you with that part of it. Once we get that done I can look for houses in the area that you are looking in purchasing. Give me a call or email me back and I can give you that information to get you started.... more
Yes, it is possible provided your debt to income ratios are acceptable. How much do you owe on the current FHA property and what is that home valued at? Are you just moving out or have you vacated the rental property already? These are a few important questions that will need to be addressed. If you like you can call me at 210-789-2870.
Jon Nichols... more
I have several lenders I work with who walk my clients through the entire process.
Here's a link http://sahomestx.com/prequalify just let me know when you send him your info or let me know the best way for them to reach you and I will have one of them contact.
Johnny E Williams
You can find hard money lenders at your local REIA (real estate investment club). Go to http://www.creonline.com and find the ones near you.
You can find some private lenders the same way, though most private lenders are found by networking.
However, most hard money lenders won't like your numbers. Based on a formula of 60% of ARV (after repair value), the most you'd be likely to get is about $345,000. You might possibly be able to push it to 65% (about $374,000). And note: Some hard money lenders require the points up front. Others are willing to wait until closing.
If all you're looking for is $36,200, then find a private lender. Start with your local REIAs. An investor-friendly Realtor also might be able to help.
Hope that helps.... more
What a wonderful opportunity to keep your home in the family. This is a delightfully easy transaction! Contact me on my cell phone @ 210-325-0657. We can meet tomorrow for an in person consultation.
Prosperity Realtors & Consulting
San Antonio, Texas 78216
I believe you will need 2 tax returns and current profit and loss statements that show a pattern of regular income. I have been self employed for many years and this is one of the most frustrating things about it. Another option would be to buy a home thru owner financing. Please call me @210-789-0518 if your interested in exploring the owner finance option.... more
Clearly the first thing any Home Buyer should do is to find a great Agent to help you. Your agent will know which lenders are competitive and get the low rates. My blog article, "Why Do I Need A Buyers' Agent?" explains it more thoroughly. http://www.trulia.com/blog/ellen_doc_stephens_realtors/2010/03/why_do_i_need_a_buyer_s_agent
The steps are:
1. Find a great agent. Tell your agent in detail what you like and don't like.
2. Get Pre-Approved - NOT the same as pre-qualified. NO seller today will even consider anything less than Pre-Approval by a strong local lender who has a local reputation for showing up at closing on time. When you get pre-approved, your lender will want ALL opf your tax rreturns, bank statements, pay stubs, and other financial records. The quicker you get them to the lender, the faster you can go buy a home.
3. Go shopping.
4. Write an offer and negotiate a contract.
Beware that some e-lenders are known for not showing up at closing, changing the game in mid-stream, etc. There is not substitute for having a local lender who is accountable not only to you but to the whole real estate community. bad performance puts them out of business fast.
Doc Stephens, REALTOR... more
Better than that... here's where you can go to get a free credit report.. get an idea of what you will need to do to qualify, how much you will qualify for, etc. Quick, easy, and free... Go here: www.DHIMortgage.com/Kasey-Hampton - you can thank me later ;)
If it turns out you need credit clean.. call me, text me, or shoot me an e-mail, and I'll get you to the BEST credit clean company on the planet! They are cheap and do some amazing work!
There are so many great builders in the San Antonio and surrounding areas. With that, every builder will have different pricing. There is also an opportuinty to purchase with a builder that offers acreage with the purchase if that is what you are looking for. I can send you specific information on the builders in the area and what they offer if you like.
I would suggest that you find a mortgage broker you trust, let him run your numbers and figure out what you need to do to make it happen. In most cases it doesn't take that much to fix your credit situation.
Chris Hutchinson Real Estate
The Michael Group
Most lenders will lend money to purchase HUD home's if you are buying them to live in. If the home needs repairs their is an FHA 203K loan which will lend you the money for repairs as well. If you are buying it for investment, you might need to get a hard money loan. I use Scott Henneke for hard money loans @ 210-447-9129.... more