Financing—questions & answers, advice and opinions page 100

This is me a Vet, first time home buyer, bad and no credit?
What can and should I do to buy a home now! I found a Home I want to buy! Where do I start!!! Should I get a VA loan? I have bad credit or should I stay renting!
I intend to purchase a 2-family, both units are leased till Aug12. I aim to use it as primary residence. Can I qualify for owner occupied loan?
I'm a first time buyer and if nothing changes, I plan to live there for a long time. Only problem is I cannot move in within 60 or 90 days of closing (i.e) until August 2012 (as property is leased…
FHA qualification question
I've now been to two different loan officers, and gotten two different answers. I own a condo, which I've had rented out for only 3 months now. The first loan specialist pre-approved me, telling…
Question regarding FHA loans and rental income...
I've been getting quite a bit of conflicting information from websites and in-person visits with multiple loan originators......so I'll try to be as detailed as possible here. I think I left…
Looking for an 80% LTV mortgage loan for an investment property.
I've found an investment property I would like to purchase, and have 20% down. Now need a mortgage loan.
Hi Can I get finance for purchasing a Lot, with a 50% downpayment, and the rest over 1 to 10 years? I am non US-citizen and non-resident. Thanks.
I already owe a rental property in Florida, with a mortgage of around 50% of the total value (as of 2011).
Will I get the money back I payed for the Home Inspection back for my 3.5% down?
I will be getting 6% back from the seller for seller's assist. I have paid so far for Home Inspection and other test around $800 out of my pocket. Will I get that back and be able to use that as part…
1. Seeking financing: appraisal came in at$ 201,000 2. Lender did AVM came in at $175,000 3. A third appraisa lordered. What scenarios will result?
Seeking conventional loan on purchase? When will the appraisal process end? If seller does not agree to appraisal value, then what?
I'm looking for hard money lenders that will provide proof of funding letters to submit with my property purchase offers, who are the best
lenders? that will assist me? -Gary Smith, P.E., CEO, Real Estate Properties and Home Financing Corporation/Real Estate Property Solutions, LLC; garysmithengineer@hotmail.com
Can anyone provide me some information for hard money lenders in the Pittsburgh, PA area to help me start my investment?
I'm a new investor, so I don't have many contacts with real estate professionals in the area. I have one or two properties in mind for rehab. I would really appreciate it if anyone can give…
How can a person be expected to pay such a large lump sum after a loan modification is done?
We were approved for a home loan modification, but after reading that we have to pay over $46 thousand at the end we wonder if it's worth it, and where are we going to come up with that kind of money?
I payed around $800 for Home Inspection test so far. Will I get that back to use for my 3.5% down if I am suppose to receive 6% seller's assist?
I am buying a house and receiving 6% seller's assist. I need to come up with 3.5% for my FHA down payment. total I would need around $4900 for my 3.5%. I payed $1000 for hand money and so far spent…
I have a fannie loan that is now a rental. I refi'd under harp in late 2009 from 6.375% to 5.25%, can I somehow drop my rate again to around 4%?
House #1 (zestimate $150k): * bought in 2006, $281k, $245 balance, %6.375, $1860/mo * refinanced under HARP late 2009, %5.25, $1650/mo House #2: * bought in early 2010, $335k, $300k balance, %4.75,…
I was just informed that my company is having a perminant pay decrease o 10% that is close to 400.00 a month taken out of my pay forever. I am
I was just informed that my company is having a perminant pay decrease of 10% that is close to 400.00 a month taken out of my pay forever. I amalready month to month, and I am being told that Bank of…
I am 3 years post chapter 7. I am a little behind on child support. And my credit score ranges from 536 to 630. What mortgage co will give me a loan?
Looking to purchase or lease purchase a 3 bedroom home in Stockbridge, Rex or Union City, GA for under $100,000.
Needing a VA Loan on a 635 middle credit score. It has to be for a manufactured home. Any lenders out there doing those types of loans with a 636?
I am looking for a VA Loan Lender who will finance a manufactured home. I have a middle score of 636. I am in the state of Oregon.
550 credit score chicago payoff balloon loan
I have to pay off a ballon loan and my credit score is 550. I live in a suburb of Chicago. Where can I get a loan?
Can we get pre-approved for a loan? See Question details.
My husband and I want to get a pre-approval for a loan; we have submitted everything to this point that was requested (2yrs tax returns, paystubs, have pay off what theey shared with us to paid off, saved…
I made an offer to a house with 1914 heated area, when i measured with my contractor, total area comes to 1550. How can it be?
This house as been sold twice at 1914 sqft, and is now a REO property. I checked county website, and sale deed, everything says 1914.
DAMN is anyone giving out home loans??? granted i know my credit score isnt great...but im a mother of 2 kids and living above a bar because
my score is a 601.....i make good money aprox $1200 every week. and the loan i need is only for 45,000.
Will I get approved for an FHA Loan if I have a 2 month Gap in employment?
The reason for the GAP in employment was I left my old job for a higher salary (from 27,000 to 38,000: same field) however I had to move in order to take the next job. So i quit my job when i knew that…
What financing options do I have for gutting and renting a 6 unit apartment building?
Hello everyone, I own a couple rental properties and have found that I enjoy taking care of them and have generally had positive experiences with tenants. I am getting married next year and have been…
Is it possible to buy investment prop in okc with less than 20% down?
My parents want to buy an investment prop in okc, I will rent it from them. They only want to put 5-10% down. Their credit score is over 800 and they have very little debt, anyone know of any lenders that…
FHA loan now I want conventional
I want to purchase a bigger primary home using conventional financing. My current home is FHA, how much would I need to put down if I wanted to go conventional?
I've been renting out my a home for 30 months. Can I move back, and get it refinanced as a primary home? How long do I need to live there?
I lived there for 18 months and then rented it out. I want to get it refinanced as my primary residence for many reasons. How long would I need to live there again if at all to abide by real estate laws?Its…
I have heard that the federal government has announced a refinance program that allows lenders to extend refinancing without mortgage insurance.
My home's appraised value has fallen below what I owe on it and do not want the extra expense of mortgage insurance.
I realized that the dates for my employment on my FHA App were incorrect. Should I let the underwriters know or just wait til they ask me about it?
I realized that the dates on my FHA application are incorrect for my employment history. Should I let them know right away or should I just wait til they have a chance to check on my employment history…
Any suggestions on how to locate a current source/recommendation for a HM lender(s) in Chicago or HM broker?
I am looking for acquisition and rehab funding in Chicago, any program, but preferably ARV based. Thank you in advance. (Humboldt Park)
Do seller credits cover Insurance & Daily Interest?
We are in a situation where our credits might exceed our closing costs due to a seller who would rather pay credits than fix work that should be done. My question is what closing costs we can actually…
How can I have my mortgage and escrow account evaluated ?
New Home , B of A mortgage , 30 year fixed , done in 2009 . Have an escrow account set up at the same time as the mortgage . Have pmi also , a year into the loan ( about 6 months back) bank increased…
We are relocating for spouse's new job. I'm starting own consulting firm. Can avoid the 2 year self-employed rule?
I have $200K of signed contracted agreements with consulting firm but is it true for self-employment there is a 2 year history requirement before they will count any income? Is there anyway around this?
Are there any lenders that will consider giving a loan to someone 2.5 years after a short sale?
We short sold a home in August 2009. We were 2 months late on payments, not due to financial stress, but the bank wouldn't approve the sale until we showed late. Since the sale, we have paid off all…
I have recently graduated from graduate school and have a good paying steady job. Because I have been in school I have no established credit, but I
do not have any debts. Is there a way to get a loan to purchase a home? I could have a cosigner if that was the best option as well.
i want to buy a house priced at 35000.00, and i only have 10000.00, i was informed i can not apply for a loan because the loan ammount is under 50000.
why am i ask it to loan more, and why do i have to go for a more expensive house since i dont neeed it, why banks do this to pupils who just dont want to buy houses with killing payments?
How can i get the appraisal fee back from the lender in plano tx?
i am looking to refinance the property and approached a lending company. They had sent an appraisor and he did a awful job. He did not consider the age of the property and compared the property with recent…
HARP Lender
BOA sold my mortgage to Seterus. I just realized my loan is owned by Fannie Mae, and I would like to utilize the HARP program. Since Seterus only services my loan, they cannot offer a refinance under…
Is there any bank that will work with us on a new purchase loan with a credit score between 608-612? It feels like we have hit rock bottom.
We are looking at a home in Jefferson county. However, our credit score is under 620 and it seems that no one is willing to work with us on getting a loan as well as finding someone who can lead us in…
Is it possible to find a loan for a $1million house with only 10% downpayment in California. Highliy qualified w/ income and credit ..
We are looking to buy...excellent credit and high income, but just limited downpayment. Looking for a lender willing to work with us...and just keep hearing there is nothing out there that isn't…
have 10k deposit,/ scores about 640/ mortgage vs income=40% on marital home he will be paying mortgage on. How do I get my own loan?
separation agreement stipulates that he is to pay mortgage in full. He can't refinance, or buy me out.or sell. I stuck on the loan, one that I really won't be paying. How can i get a mortgage…
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buying a car in december vs january for a realtor
My wife s becoming a realtor and we are considering buing a new car...is it worth waiting until Jan for a new car to depraciate the first year of it..? How does this work? I know it more of the CPA question,…
Preapproval - can we still get a loan in my husband name, we have been saving for several months then we find out
his name wasnt on the acct Will this be a problem in obtaining the approval we did have his name added and the bank provided us with a account statement that stated the acct was opened in 2009 and showed…
How many years does a short sale reflect on your credit score and is a foreclosure still 7 years; or more?
We own 2 properties, one we have deed for; other is primary residence. In current market if we sold the primary, after all costs we would have to come up with 20 to 30k most likely( so that is underwater).…
Is a loan origination fee of 3.067% too high for a 90% Homepath loan?
It is a homepath financing. $200,000 price, 10% down, 4.3% APR. That seems like a high origination fee. And the company that the loan officer is using to get the loan, National Direct Mortgage is charging…
we need help in Hemet Ca with buying and financing...
my husband and i want to buy in hemet ca in a senior community in a mobile that you own your own land . we need help getting financed, have no idea how to start...we want to borrow between 50,000 and 70,000...can…
How hard is it to get a house approved for the USDA loan?
My fiance and I are buying our first home and after months of searching, have finally found one. He has been approved for a USDA loan, but my question is, how hard is it for a house to be approved for…
Our mort is ~465K & the house apparaises for 247K. The servicing Co has approved a payoff for the appraised amt. Co doesn't loan, they said
get lender We have a deadline of the end of this month but I can ask for an extension. We could but some $ down if anyone would just do the loan. Our credit score is ~800. Do you know of anyone doing…
How can a foreigner (Canadian) buy a property in California?
In light of property purchase, what is the process for a foreigner to buy a home in California? What are required? Background: Canadian, work and live in 3rd country (Asia) now, wants to buy a home in…
Is the seller (Bank of America) entitled to buyer earnest $? The seller AND buyer did not fulfill conditions by close date. Extension was not offered
The buyer did not obtain a HUD before the close date which was required for financing. This was the buyers remaining condition. However, the seller (Bank of America) did not complete the termite treatment…
If you have a 2 home that is a 1970 mobile home on a 2 acre lot will any one finance without making us take the mobile home off property
The property is 2 acres there are two separate addresses they have separate septic tanks but both share a well the mobile is actually hooked up to rural water district but we do not use it can these be…
Just want to know , what is the meaning of 5/1 ARM? I got an email from a broker, just don't understand:
For 100,000 loan amount and investment property, 5/1 ARM program the rate is 4.625%. The monthly loan payment is $512.17 Principal and interest not including the tax and insurance. For 150,000 loan…
My husband and I are trying to locate a trustworthy lender for a home loan.
Our bankruptcy will be out 2 years in September 2011, we both have good credit scores over 600. I am still out of work, but my husband has had same job for over 13 years, we also have 25k to put as down…
Moving to Florida in 3 yrs. Currently 1 yr out of bankruptcy with a modified mortgage. Will sell current home. Will new mortgage be an option?
Owe $86000 or current home in rural PA with 10 acres. Bills are current and modified mortgage is reasonable. Houses in the area are going for @ $20000 an acre for property alone and no house. Not knowing…
Question
is there any mortage in Florida ?
My Mother is going to co sign for me so I can get an FHA loan. I am buying in LA and my Mother lives in NYC.
How will this work? She does not have a computer. Can she co sign by mail? Does she fill out an application like I did? Please elaborate on how the co signing process work.
I'm Realtor, I have buyer, I am searching for a local in Meadow Woods and I found 825 Greenway Professional Ct, Orlando FL 32824. Please
send me more information about this or other similar listings in this area. yasenka4@aol.com
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