Your best bet is to go back to the property listing and clicking on the orange "Contact Agent" button to write the listing agent directly.
Hope that helps!
-Kim, Community Manager... more
Consider a lease option, or lease purchase agreement with a seller. This is also known as a rent to own arrangement and can give you the necessary time to build your credit scores. Higher credit scores generally translate to lower APR's. Just because you have a credit score in the 500's, doesn't mean you won't be able to get a loan. It may just mean you will pay a higher interest rate on it.... more
You should have a 5 minute talk with a lender. My clients have been very happy with Jack Heinzman at RMS. You can email him at email@example.com.
Are you looking to buy in the Portland area? Let me know if I can help in any way.
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I'm sorry to hear that you are still having trouble getting a home equity loan. I think the last time I responded to your question, I suggested that you give me a call so I can put you in touch with expert lenders who may be able to provide you with better assistance. My offer offer still stands: call me at Coast & Dream Properties at 207-251-4566 and I will point you in the right direction. You don't have to choose to do business with this lender that can't seem to offer you what you need. Please call me.... more
There is potential. We would need to look at the whole picture... work history, income, money saved , etc... If you would like to speak about options, please call me any time- Scott 603-610-8852
Licensed Mortgage Planner
Regency Mortgage Corp
depending on the location of the house, value of the house, your loan limits (what you can afford to borrow) and what you need to do, you can use the loan to purchase and do some renovations. With this loan type, your best bet is to go to Maine State Housing authority. RD prohibits certain types of properties or features - such as no waterfront, no income units or rental potential, etc.. With MSHA you will not be required to escrow 50% of the renovation amounts, so you can still do a 0% down loan. You can also roll in closing costs.... more
As a Realtor, I can put you in touch with a reputable lender to answer your question(s). If you would like me to provide that service to you, please send me an email at firstname.lastname@example.org.
CJ Dubois-Cote, Prudential Prime Properties, 207-615-1663.... more
That's probably going to be a requirement with every lender due to your credit score.
I noticed in your other question that you already know about USDA as an option so you may want to consider paying off the collections and going that direction. There is always the possibility of negotiating a pay for delete with the collection agencies which getting just one deleted can raise your scores 20-40 points.
The other thing you want to keep in mind is the fact that collections agencies are getting more aggressive and they are taking people to court to get judgments for old debt. The last thing you want is for a judgment to turn into a wage garnishment.
Feel free to contact me if you need more info or help.... more
Since you have found out that your home does not qualify for USDA financing, then FHA would be your next best option in terms of the minimal amount you will have to put down. A conventional loan would typically require 20% down. The best thing to do is to discuss your options with your lender.... more
Short answer: Yes. Depending on certain factors, Conventional, FHA, and VA financing should be available to you. Talk to a local licensed loan officer concerning your specific situation and possible options.... more
becoming more and more common... our daughter recently had trouble purchasing a home in a new development... she was the first or second one to purchase... no road association had been formed yet... they HAD to get one done before the sale could proceed... it was driven by a comment from the appraiser in her case... he could not support the value w/o a proper association in place.... more
Hi Rosalind - Absolutely there are mortgages available under $50,000. At this amount, you might find the local banks to be your best bet. I see you are asking about financing in Bangor and you will find Bangor Savings Bank very active there and they do offer loans in that amount.
Financing is available for all types of year round homes, including mobile homes. Financing for seasonal second homes can be more difficult but is generally available.
I am sure some lenders will chime in with contact info!... more
Hi Tory, These are called construction loans. These loans are short-term and paid off once the home is built. The lender holds the cash and pays the builder as work is completed. Once the home is built a traditional mortgage is taken out to pay-off the contstruction loan and you are all set to move in. We have several lenders that offer these types of loans in Maine and would be happy to help. Good Luck!!... more