Financing in Frisco : Questions & Answers

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Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
I am looking to purchase a home in the next 6 months and was curious in today's market if I could get approved for anything with my 620-660
I can't approve your loan, but your scores won't be a problem for FHA. There are other criteria they look at, debt, assets & income, but I would suggest you meet with a good ... more
0 votes Share Flag Fri Jul 12, 2013 Financing in Frisco
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How can I have my mortgage and escrow account evaluated ?
That scenario sounds very odd. It's routine for a lender to periodically reevaluate escrow accounts. But escrow accounts don't cover principle or equity. They cover things lik ... more
0 votes Share Flag Mon Nov 28, 2011 Financing in 75034…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
Need investor financing for home with foundation work needed.
Then it would have to be a cash offer. Most homes with foundation issues usually sold as CASH .

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - ... more
0 votes Share Flag Thu Aug 18, 2011 Financing in Frisco
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Want to help daughter get house in Frisco Tx < $170K with less than 10% DP & me as co borrower . Her credit not that good. Mine 750 plus.
If you/she can work on your daughter's credit, and turn it around into at least "remotely OK" then FHA financing could give you the option to go on with her with as littl ... more
0 votes Share Flag Tue Sep 13, 2011 Financing in Frisco…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
Where do I check for non owner occupant loans that do not require 20% plus as down payment?
All is based on YOUR lender requirements in order to purchase a home

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top ... more
0 votes Share Flag Sat Jul 23, 2011 Financing in Frisco
Chris Lefebv…, Real Estate Pro in Methuen, MA
Chris Lefebvre answered:
Is there anyway to get around having to put down a downpayment on new construction?
You can try to negotiate the deposit amount with the builder, but the builder will most likely want some sort of deposit with your offer and after signing P&S just like any other se ... more
0 votes Share Flag Mon May 24, 2010 Financing in 75034
Kamal Salim, Real Estate Pro in Weston, FL
Kamal Salim answered:
Self employed and FHA loan
Hello OwningMyHome

The short answer is NO. FHA has very specific rules, and are not very flexible. You must be at the same job for a minimum of 3 years now. The exeption would be: mo ... more
0 votes Share Flag Tue Sep 28, 2010 Financing in 75034
Texas Banker, Real Estate Pro in Houston, TX
Texas Banker answered:
Escrow account query
Incorrect, if you have an escrow account to start with you will have an escrow account for the remainder of the loan, unless you pay it off or re-finance your loan down the road (there ... more
0 votes Share Flag Tue Mar 16, 2010 Financing in Frisco
Fred Glick, Real Estate Pro in Los Angeles County, CA
Fred Glick answered:
Home Improvement Financing Options
There is a loan for owner occupants called an FHA 203k that gives you the money to buy and rehab a property.

Ask you real estate agent for a good 203k lender.
0 votes Share Flag Fri Mar 13, 2009 Financing in Frisco
Patrick Jack…, Real Estate Pro in McKinney, TX
Patrick Jackson answered:
Any chance of 95-100% financing in this economic environment?
Hi Kevin,

Lenders have tightened their restrictions on turning your current residence into an rental property. You are in the right area with 20% equity. That is the first require ... more
0 votes Share Flag Fri Mar 6, 2009 Financing in Frisco
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