Financing—questions & answers, advice and opinions page 121

Does the USDA rural financing loan have money now? I want to purchase in Charles County MD
I know a few months ago they ran out of money. I heard that the money was available again, is that true?
Can a foreclosure, short sale and hud homes be turned into a rto, land contract or lease/ options?
We are looking for a 3 br 1 ½ ba ranch or bi-level. We need parking for 3 cars. We need a nice kitchen or one that has great potential. It must allow pets (1 14 yr. old puppy and 2 parrots) My credit…
We want to refi our physician mortgage (lower our whopping interest rate) but are dissatisfied with BofA. Any alternatives?
Dual-physician family, have made on-time payments since buying our home in 2008. We don't want any cash, we only wish to lower our rate, which is ludicrous. Can anyone recommend some options or help…
Please Help
Looking for experienced - Investor friendly Title company In the Austin Texas area. Any suggestions ?
I'm a first time home buyer in Ohio. I'm interested in down payment assistance. Do they normally jack up the?
interest rate with this? Whats the catch? Is it starting to go away in todays market? Do they limit were you can buy? - Thanks
I would like to get a USDA 100% rural financing loan today. Can anyone help me w/this?
I need someone who can do a USDA Guaranteed Home Loan. I would like to buy asap.
Wanting to purchase home as 1st time home buyer....kind of detailed...
We are wanting to become 1st time home buyers, but have issues on both of our credits. We live in southern Illinois and I am looking for advice, options, opinions please. Anything to help me understand…
How can I acces my share of equity in a duplex?
We own it free and clear. I own 50%, 1 unit. Two other parties own the other 50%. I want to access my share of the equity what can i do? lenders want the other parties to sign on the loan or sign off the…
Moving back to the US after 10 years in Europe.
Im a first time buyer, I have no income in the US for the last 10 years, no tax filing, but a credit score over 700, any chance of getting a mortgage or lease to buy is a better route. thank you
FHA 203k or Homepath?
My husband and I are looking at a primary residence, around $200k, FMHA foreclosure that is in the Homepath mortgage and Homepath Renovation program. We have the 660 credit and about $10,000 cash on hand…
Anyone know of any banks that will lend to an Australian citizen buying properties in America?
I am a first home buyer in America and have cash but would like to gear my purchase so i can buy more properties. Anyone know of any banks that will lend?
I have never had a home mort and dont know how to get one
i found a very nice condo im interested in and would like to be able to purchase it i need help
Home refinancing
Hi,I bought house with my brother, 475K house with 75K down.So we owe less than 400K,paying monthly $3600. We made a great deal on the house,because house is worth over 800K and is separated to a three…
HELP!!!! Is there anyway I could refinance????
I bought a condo back in 2007. I didn't know what I was doing. I putted down a $140,000 down payment and took in a no income verification mortgage from a private bank. I am a self-employed individual…
We have owned our home for 30 years. Both on the mortgage. My husband recently applied for refinance. I cannot. bad credit. We are in upstate NY.
my husband is only applying. Just received another condition from the bank. The ban wants me his wife(not on the loan application) to write a letter explaning that my husband has 100% access and use…
Just graduated law school and starting work 2011. Want to buy a Brooklyn Coop now. Good credit, 20 % down OK, Can I get a loan?
I have lots of student loans, parents who live in Scandinavia who are willing to put up the down and cosign but they do live out of the country. My salary will be 60,000 2011 and 160,000 2012 but have…
My Refinance application was rejected because of pending litigation by my HOA which may affect reserves. Where do I go for a loan now?
My refinance application on my condo was rejected due to pending litigation by the HOA against the original developer. Will all lenders reject my loan app now? Where do I go for a loan? All other…
Hard Money Loan
If you know somebody who do loan please give email me at joecsal@yahoo.com
I have credit score of 633. I want to buy a home before I move to wisconsin. Currently, my rent is 1500. I am a nurse. Can anyone help me.?
I saw a new home that I am intersted in. The price is 135000. I am looking for a 100% financing. Since I donot have money for down payment. I am sick and tired of paying 1500 for rent. Why can't…
How fast can an FHA loan close?
From start to finish, what is the fastest time an FHA loan can close in? Are there any time length requirements that the process must take a certain amount of time? If so, how long?
First Time Homebuyer.
I am new to the home ownership process and am trying to get a gauge on lending options. A quick snapshot of my background is steady employment (63K for salary), looking to put 5% down, and 660 credit…
We got married 2 years ago, and before we got married, my wife and her mother had purchased a home. My wife is looking to re-fiance that home
Now that we are married and she no longer lives with her mother, should she change the status on her old home? Since her mother had bad credit, she was placed in there as co-signer, and my wife was the…
Help, am i getting bad mortgage info?
I am purchasing a home with an fha mortgage at 71,000 with a 5.25% interest rate. We have to have 3.5% down payment, and we are getting $4000 from seller for closing costs. We have no real estate agent,…
I need to speak with a person real state to help me with my mortgage tel 954-812-0056
Mu loan is with You Institution. I just need to know if you any program to help me out to reduce my insterest and the monthly payment since my salary is less. My house own you #132,000.00 the value in…
With rates on 15 year mortgages below 4%, are your clients opting for a 15 year terms instead of 30 years?
Anectdotally, I have noticed that more of my buyers are seeking 15 year mortgages. I was wondering if other Realtors and/or lenders are seeing that as well. Could it be that those who are buying now…
What is the latest you can show in your bank account that you have the money to close before underwriting?
I want to know what is the latest that you can show that you have the money in your bank to close in order to go to underwriting. Can you show the same day that you are supposed to go to underwriting (as…
Will our recent rental history stop us from getting a FHA home loan?
We have no red flags with our home loan application other than our recent rental history. In trying to pad our bank accoutns we have gone late on our last 2 months rent payments. We have lived where we…
How do you deposit money in the bank without causing issues for your home loan underwriting?
I sometimes do hair braiding and I get paid like $200 or so per person when I do it...rarely. I have two people that are paying me in the next week or 2 and of course it is a cash transaction. Can I just…
How to obtain a VA loan?
I own a house already that I bought with a conventional loan. Now I want to rent that house out and buy another house using the VA loan. Currently I go to school, and I recieve the GI Bill which is like…
How long does home loan underwriting usually take?
How long does home loan underwriting usually take? Additional Details Yes I am speaking of the actual underwriting process after everything has been done. We are scheduled to close in 30 days and appraisal…
Any alternative ways to appraise if no comps exist? I am trying to re-fi a log home in a remote part of Idaho where nothing has sold for >1 year.
The location is Stanley, ID-- local population 100. I have a second home there (2000 sq ft. log cabin). It is 65 miles northwest of Sun Valley, ID. In the few years before the boom, local residences…
I own a 200,000 mortgage, I wish to borrow against it. (Investment purposes) I have great credit, how can I do that?
I have a house that I sold to my step son (for $200,000 and lots of sweat equity). He will refinance the house and pay me when he finishes his engineering and physics degrees in a couple of years. In…
What is best way to buy fanniemae repo mountain vacation home needing redo with minimum down. *))PLUS credit all scores.
We have found a small vacation home in a resort area which is a fanniemae repo but all the copper is gone and the CH/A and carpet etc. We have A credit and excellent incomes so we would want to redo…
80/10/10 Loans
Are these types of Mortgage Programs still available? For example on a $500,000 purchase - $50,000 Down (Cash) / $400,000 Mortgage 1 / $50,000 Mortgage 2 Also - if available are there still "flexible"…
Looking for (portfolio) lenders who will do cash-out refi of 4 unit investment property, solid neighborhood near Boston, MA. Total loan <65%LTV.
Borrower has good income, high credit score, owns between 5 and 9 mortgaged 1-4 unit properties. Have leads on 10-yr commercial loans in the mid-6% APR. Would like to find a 30-yr fixed in the low 5%s,…
< 2yrs Documented Work Experience
My fiance and I both have well paying engineering jobs and are looking at purchasing a multi-family. We have the ability to put 30 or 40% down on a house but we will need a mortgage for the remainder.…
What kind of loan would cover major renovations?
Say you found a home that would need 60K in renovations in addition to a 60K purchase price. Yes, finished the home would be worth $120K. For someone who intends to live in the home but would only be…
Can I get approved for a loan using employment offer letter?
I'm currently on active duty military and will be home Oct 1st. I have employment lined up to start early Jan. with proof in the form of an offer letter with salary info, etc. My wife and I have excellent…
Financing for home, less than 20% down. Suggestions?
I understand (hearsay) the property may not be FHA eligible. Unsure... are there restrictions on home condition other than the obvious? It appears to be non-rehab (no 203k), looks like mostly cosmetics…
Is it possible to obtain a mortgage large enough to include the repairs? Would the downpayment be 20-25%?
I found a bank foreclosure for $29,580. I estimate the repairs to be approximately $8-10,000.
FHA Cash out Refinance loan; can someone tell me what are the fees I would have to pay and about how much(Ballpark)?
I want to get a FHA Cash out Refinance loan; I live in Southern California; my house is worth about $500.000 and I owe $360,000. I want to get $40,000 out to pay some bills from remolding the house.
What is the average sales price of a 4 bedroom home in Clinton, MD?
I want to refinance my 6.35% 30 year conventional mortgage, but I may be "underwater."
I have a credit score of 671 as of 08/28/2010. My annual income is about $61,000 a year. I have a bankruptcy from June of 2009.
Is it still to early to start thinking about getting qualified for a home loan? We have a small house and need to upgrade to accommodate for our two children. What kind of options do I have? Please help!?
Real estate broker in Florida,I have International clients searching for a mortgage with 30% down, has anyone a new Foreign National mortgage to offer
I need a no documentation loan, otherwise everything has to be translated and that will be very time consuming and expensive.
Wanting to buy a Coop in Brooklyn. What is included in the monthly charges - taxes?
Monthly maintenance charges aren't always included in the information on the trulia site. But it looks like maybe it is included in the estimated monthly charges. Could that be correct?
can stocks and mutual funds and money in impound account count as cash reserve for refinancing.?
i'm doing refinancing and wondering if stocks, mutual funds, and money in my old mortgage impound account be used as cash reserve for my new loan. My new loan doesn't require impound so I will…
If I preqaulify for a home now, and don't find one until dec. would i have to prequalify again. is there and expiration date on pre qualifing?
If I preqaulify for a home now, and don't find one until dec. would i have to prequalify again. is there and expiration date on pre qualifing? And what paperwork should i gather together for a prequal?
Ukrainian MBA/investor in real estate seeks backing for first U.S. investment. She owns three condos in Ukraine. Can they be used to help make a deal?
investment. She owns 3 condos in Ukraine. Wants to buy one here in Sarasota. Credit is easy for her in Ukraine, where she has credit history. But U.S. mortgage rates and one-quarter rates in…
My wife and I are looking to buy a home that we saw here on Trulia. My credit score is 510 and hers is 613. Is there anyone that can help us?
When we pulled up our credit report I only had 4 medical bills on the report (which are due to come off at the end of the year.) I don't have anything else on my report. My wife's report shows…
Should I lock in my rate or float until closing?
Mortgage rates don't seem to be going anywhere, but it's always a risk that they could rise. I'm going into contract on Monday so closing should be within 60 days of that date. Should I…
Are NYC banks currently lending for HDFC properties?
I was recently inquiring at a bank (HSBC) about a loan for an HDFC property in NYC (Morningside Heights area). The person whom I spoke to said that Fannie and Freddie are no longer buying loans made on…
How to buy your 2nd house if you want to rent out your first?
I will be planning on relocating to Charlotte, NC in January 2011. I have a house in Philadelphia that I do not want to sell, but I can cover my motgage and taxes through renting it. What are the procedures…
How much home can I get with a $50,000 salary in South Florida?
I'm looking to buy my first home. My financial situation is pretty basic. I make $50,000 a year, have zero debt, and my car is paid off. My credit score is about 715. I have no bankruptcies, collections,…
Will child support arrears disqualify me from an FHA loan? Plus, Is a 203k loan mandatory for an REO home?
Here we go: (1) I have a judgement against me from 2005, and have been making payments toward the judgement ever since. I have documentation from the enforcement agency that shows payment history for…
What types of crimes would disqualify me from an fha loan?
I was recently denied approval for an FHA loan based on something in my criminal history background, but they didn't disclose what it is. Can you tell me?
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