Financing in New Haven County : Questions & Answers

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Shawn Reed, Real Estate Pro in New Haven County, CT
Shawn Reed answered:
Looking for 95% LTV 500K loan in branford. Anything out there?
Hi Andrew

I can get you in contact with my mortgage Guy at my office and he can give you more info my # is 203-496-2447
0 votes Share Flag Thu Aug 28, 2014 Financing in 06405
Jana K. Riley, Real Estate Pro in Port Neches, TX
Jana K. Riley answered:
Hi, I got a CHFA loan in 2007 and am thinking of renting out the house and moving in with my wife in her home. Am I allowed to rent out the property?
Most mortgage companies do allow you to rent out your house. If there is a clause that says you can not it will be in your lien paperwork,
0 votes Share Flag Fri Nov 2, 2012 Financing in Milford
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
If I'm applying for an FHA loan will I get the same rate regardless if I go to any bank/broker?
FHA just means it is partially guaranteed by our tax dollars. Banks, lenders, mortg brokers all compete with each other and interest rates will vary for one to another and from day to d ... more
0 votes Share Flag Sun Apr 14, 2013 Financing in New Haven
Cedric Mcneil…, Real Estate Pro in Connecticut
Cedric Mcneil (203-435-7405) answered:
Will if affect my credit if I go to a couple different banks/lenders to see how much we qualify for?
My best suggestion is to use a mortgage broker. They typically work with a large number of lenders and can usually shop rates. When your credit is pulled an inquiry is noted on your rep ... more
0 votes Share Flag Wed Mar 7, 2012 Financing in New Haven
Scott McCaul…, Real Estate Pro in Portsmouth, NH
Scott McCauley answered:
I just wanted to know if there are possibilities for motages to be approved for people with less than perfect credit. I pay rent and have for years.
Yes, options are available. Of course, it depends on exactly how "less than perfect" you are talking about, but YES there are some options!

I'd be glad to assist wi ... more
0 votes Share Flag Tue Feb 21, 2012 Financing in Hamden
Matthew Kaman, Real Estate Pro in Hamden, CT
Matthew Kaman answered:
Does anyone have any suggestions for Portfolio Lenders in New Haven County, CT? I am a Real Estate Investor.
You should make contacts at some local banks, or with agents that serve in the areas that you want to buy and sell. You might find the deals your looking for as individual homes, short ... more
0 votes Share Flag Wed Feb 8, 2012 Financing in New Haven County
Dp2, Other/Just Looking in Virginia
Dp2 answered:
are there any rent to own or owner financing properties in Wallingford?
One typically negotiates these kinds of deals instead of finding them via MLS.
0 votes Share Flag Tue Feb 15, 2011 Financing in Wallingford
Jessica Wall…, Real Estate Pro in Santa Cruz, CA
Jessica Wallace answered:
We bought our house with an FHA loan in July '09 and now want to apply for the 203K program to renovate to the house. Can we do this?
I believe that you can use an FHA 203k loan to refinance and do repairs on a home. I just took an FHA class yesterday and that is what they presented. Contact your local FHA 203k lend ... more
0 votes Share Flag Mon Apr 30, 2012 Financing in New Haven
Elizabeth J.…, Real Estate Pro in Northampton, MA
Elizabeth J. Herbert answered:
I am working with F1/OPT visa, and applying for J1 visa now, but haven't got reply yet. Can I apply for fha 203K loan? Thanks
Do you have a social security number and a type of residency? I would advise my clients in a situation similar to yours to speak with their attorney.

I am a member of FIABCI/Interna ... more
0 votes Share Flag Thu Aug 19, 2010 Financing in New Haven
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Money Issues???!!!
I am not totally understanding what you are talking about. They gave your son a gift of $10,000. What is it that you want to do with your car, use that to lower your loan amount, theref ... more
0 votes Share Flag Thu Jan 14, 2010 Financing in 06704
Kristina Zack, Real Estate Pro in Connecticut
Kristina Zack answered:
For CHFA in Connecticut, what does the owner to renter ratio have to be to buy an already approved condo?
Here is a chart that will break down your answer

http://74.125.155.132/search?q=cache:3r9Ac6--vGUJ:www.chfa.org/MAINPAGES/CHFA-Insured_CT-FAMLIES_ProgramMatrix.xls+chfa+owner+occupan ... more
0 votes Share Flag Wed Jan 13, 2010 Financing in 06704
Jhr1984, Home Buyer in 06704
Jhr1984 answered:
What are the current FHA guidelines for condos? Where can we find this information?
Oh...it is on the FHA approved condo list.
0 votes Share Flag Mon Jan 11, 2010 Financing in 06704
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
If the FHA spot approval process is ending February 1st...what does this mean when buying a condo?
Basically you will need to find a complex that is already approved, you will need to have the management company for the condo association apply for approval or will have to find a diff ... more
0 votes Share Flag Sat Jan 9, 2010 Financing in 06704
Keane Ng, Real Estate Pro in Seattle, WA
Keane Ng answered:
If a condo complex is FHA and CHFA approved does it still require there to be a 51% owner to renter ratio?
Yes for Fannie Mae/Freddie Mac, but FHA has temporarily lowered it to 30% owner-occupied. However, not more than 10% of the rented units can be owned by one entity, which means that th ... more
0 votes Share Flag Fri Jan 8, 2010 Financing in 06704
Cameron Norf…, Real Estate Pro in Meriden, CT
Cameron Norfleet answered:
what are the best areas to live in Waterbury ?
The link below has a lot of great info on waterbury. If you have any questions, give me a call at 203.887.4420
0 votes Share Flag Wed Dec 16, 2009 Financing in Waterbury
Amanda A. Al…, Real Estate Pro in West Hartford, CT
Amanda A. Albert, Realtor answered:
Does anybody knows Stonefield area in Waterbury?
Yes, that is behind Nino's off of Scott Road. Send your email and I will send you the available units.

Amanda
amanda.albert@cbmoves.com
0 votes Share Flag Wed Aug 4, 2010 Financing in Waterbury
Angel Garcia, Real Estate Pro in Fuquay Varina, NC
Angel Garcia answered:
What would be the amount of earnest money for a $150,000 condo in Heritage Village, Southbury, Ct.?
Judy,
Earnest money is optional, and the fact that the money is refundable really eliminates the sincerity of the purchase. We advise our clients to base there decisions on the facts,p ... more
0 votes Share Flag Sun Dec 5, 2010 Financing in Southbury
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