Financing—questions & answers, advice and opinions page 23

short sale almost 3 yrs ago, want to buy again?
We are 5 months shy of our short sale being 3 years ago. We are moving from AZ to OH and want to buy a house. We have seen a few houses we like. What is the likelihood that we will be able to find a lender…
Hi I'm Australian & would like to buy an investment property in Las Vegas. Would it be possible to get financing from a lender?
Note: I have no other tangible assets besides a 50% down payment. I would like to purchase a property in a good area between $150k-$200K.
How to get a construction loan with poor credit...who could we go through?
My husband and I own 45 acres in Grant County Ky on land contract. We have owned it for a year and a half and we are looking to build a house on it. We are looking to try for a construction loan. We tried…
Indian Home Loan (HUD) Calculator
Is there an Indian Home Loan calculator online? I haven't had any luck with my searches.
One for 3726 fischer rd. Owensville,mo. 65066
They have a mortgage on theyre home company has been there how much
I live in southern Raleigh in the Holland Meadows subdivision. I am in the process of refinancing and I have been asked by my lender for a contact
number for my HOA so they can obtain a copy of the master insurance policy. I have written to the HOA (a Garner PO box) but have not heard back in nearly 2 weeks. Is there somewhere I can go to get a phone…
what is fannie mae's HOMEPATH RENOVATION MORTGAGE FINANCING?
what does it take to qualify? what kind/extent of renovation is covered?
Pre-approval process and the effect it has on a credit rating??
I recently spoke with a lender concerning pre-approval since now days realtors won't even as much as speak to you or forward an MLS listing without it. I had wanted to speak with a realtor to explain…
I just had an appraisal on my home.
The appraiser mentioned she would need to be able to find two story homes to use as comparables. The problems is, of the 4 homes that have sold in my subdivision in the last 6 months, they're all 1 story…
Gift fund and refinance
Hi I have recently applied for a refinance. The lender is Provident Funding. I used some of the gift money from my parents that does not need to be repaid in the last few months to pay down more principal…
Are there any lenders still offering 80/15/5 (or 80/10/10 if 80/15/5 is not doable anymore) loans? If so what are ballpark int rates?
I am a first time home buyer with excellent credit score (800 ) and no debt. My financial consultant walked me through 90/10 and 95/5 FHA options but someone who bought a house a while ago mentioned these…
Wanting to buy again. Had short sale two years ago. Credit score in 700's again. Could we qualify for FHA loan for under 500k in King county,?
Hi. We had to Short Sale our on house over 2 years ago due to job relocation and special needs child expenses. We had to stop paying...only way bank would take us seriously.Fast forward two years later.…
Debating owner-financing or waiting 3 years to buy after short sale
My wife and I are currently going through a short sale. I have heard so many different time frames as to when I can buy a house again. We moved to another state which is why we had to short sale. We…
When can one purchase again after a short sale, foreclosure or bankruptcy?
As I know it, FHA only requires 3 years after a Short Sale or Foreclosure, and the VA only requires 2 years, and Fannie Mae now has a new rule whereby if you put down 20% after a short sale, you can buy…
Can I refinance my home loan if I had a short sale done on an investment property less than 2 years ago?
Hi, my wife and I had a BK discharged 4 years ago. An investment property was included in the BK, but apparently our names were still on the property as owners. That property was sold back to the bank…
Canadian (Foreign national) looking to finance US investment property
Hi, I am a Canadian citizen (non-US resident with no visa in the US) looking to acquire a multi-family investment property in the States. I've identified and visited some properties for which I will…
Is it possible to get a secondary loan for a rental property, if the loan amount is only for $45,000?
I am looking at a condo Kansas City, MO, in the same complex as the condo I currently own. I make $30,000 a year but have only been with the company 6 months. My credit score is low, 630, but I have a…
Financing for Borrowers with Foreclosures, Short Sales and BK's
Newbridege Home Loans / Lending Programs All programs based on 1 - 4 unit Owner Occupied!! 80% LTV 2yr out of Foreclosure & BK - No Reserves Short Sale 1 day out to 75% - No Reserves FC…
Need a agent that can help me find a home and who knows lenders who deals with people with less then prefect credit.
In need of a agent in the Central Florida location to help me locate a house and that works closely with lenders they know. So it can be one stop shopping. Currently I am in the market to get home very…
Looking to secure a loan for less than 50,000 in the Detroit area.
Looking to secure a loan for less than 50,000 in the Detroit area. Possibly FHA? I have my eye on a property that's about 40,000 and have had a hard time getting anyone to give me the time of day…
FHA for soon to be College Graduate 1 month before graduation
Hi there, My mother put an offer in for a house and it was accepted. The house is for me, and now we are in the process of trying to get me approved alone for a mortgage. Alone is the only option. The…
First Time Home Buyer with NO money. I need help!!
Hello, I am 22 years old and I would love to buy a 2 Bdrm Condo. I don't have much money to put down, are there any programs that can help me. I would appreciate all responses. Thank you
Is there any lender that may consider HELOC on a mortgage free condo -- because I have a Ch 7 bankruptcy and foreclosure.?
I bought a condo and has NO mortgage on it. However I was discharged in Ch 7 bankruptcy in March 2012 and also have foreclosure. Is there a possibility of securing HELOC or Home Equity loan on this…
I'm looking for an expert who can help me buy real estate notes?
Broker/Realtor doesn't have to be local!
I want to take out a home equity loan, but an appraisal is $400. My concern is am i waisting my time and 400
dollars. My neighbors home sold for 439,000 same home but a bunch of bank transfers have sold for way below that amount. My bank says i just have to take a chance, but she says she's only done six refi's…
Lending to Foreigners
Any recommendations for wholesale lenders that lend to foreign buyers. Thanks!
Anyone have experience or information on BB&T's CHIP mortgage program?
I just recently found out about BB&T's CHIP mortgage program and it sounds almost too good to be true. A 0% to 3% down payment, low closing costs, and no PMI? What's the catch? I was dead…
Anyone have a lead on an investor who could buy a home and hold the mortgage for a year, rto, or land contract it back to us?
Home we currently rent from family is being placed on the market. I can give further details privately. We do not qualify yet for a loan, but we are working with a lender. Do not want to pull our kids…
If want to place 12,000.00 on house for down paid for the 85,000.00 to 110,000.00
the House 3 bed 2 full bath and back fence yard Is what I am looking for.
Who can finance me with a low credit score?
This would be my first house, I just checked my credit score with freecreditscore and it was 596 my husbands is 591. Our scores are low and credit reports are not much better however he has a stable job,…
Financing from overseas.
We are planning to move to San Diego in about 2 years and are currently assessing whether we should buy an investment property now to take advantage of the market/low interest rates. We are both overseas…
Mortgage has PMI. We are thinking of taking out a home equity loan for updates. Will the PMI stay or will it be eliminated if we have enough equity..?
Bought home for 139k two yrs ago. similar homes in our sub are selling for 190-210k. Need new siding and windows so we are trying to find the best route to take.
Can you qualify for a HAMP loan if you've already gone through and qualified for the HARP loan?
The reason I'm asking is because my boyfriend has gone through the HARP process and just made his first, new payment last month, but now he's on unemployment and the HARP loan didn't lower…
Closing cost???
My husband just recently found out we will be transferring at his job in a very short time. We are transferring to where my 87 year old father lives and he has agreed to sell us his home for 35,000 dollars,…
Garn St Gemain and what it means
My parents want to buy or help me buy a home, with the eventual goal of me owning the home. While they would have a down payment as much as 20%, they would have a mortgage on their own or with me. I…
Give contact number to banks that loan 25000.00 with 525 credit score with fixed monthly payments
Give contact number where can get 25000.00 cash loan with 525 credit score with fixed monthly payments
Usda loan everyone's credit?
We want to buy a house with the usda loan, I want to be the sole applicant since my girlfriends credit history is poor. Do they take into account just her income (which is 0) or credit too? She's…
Does student loans have to be consolidated for VA loan approval?
So, I'm about to go into final underwriting for my VA loan. The only thing is my student loans, which on my credit report are showing like the way you take them out per semester. Sallie Mae does not reflect…
San Diego 16 unit property - loan or investor needed
Hi, I own 4 condos. 3 rental properties are making money and I want to start buying multiunit properties. I'm looking at a couple of 16-17 unit properties in the $2.2 - $2.3M range, San Diego area.…
How is Lender's Title Insurance handled as a closing cost?
I understand what it is but I am unsure how it is handled as a closing cost. Will I need to buy it from an insurance company? Or am I basically paying the lender directly for having to purchase it?
Why do Realtors partner with a mortgage broker/firm?
It seems that every Realtor I look into wants me to use their "partner" mortgage broker. Since this seems to be standard, what are the benefits, or downsides of going with the partner broker and not an…
Can a USDA loan buy a short sale or foreclosure home? If a home says FHA financing possible, does that qualify for USDA too?
We were given the option of a USDA loan and an FHA but with 100% financing why not go with USDA if it sounds so good right? but I heard that on a USDA loan you can only buy homeowner occupied homes? So…
Where can I get a home equity loan at 90% LTV for an owner occupied home in Southern California?
Anyone know of lenders who will do this? Thanks for any help.
Which way is up?????
Ok, all i hear from the so called real estate gurus is that you don't need money, credit and all you have to do is find a private lender to fund your deals. Well I have a an experienced team in place,…
Is there a way to structure a mortgage, on a property to be subdividing, that doesn't encumber the entire property?
Own a Home, with property, that I am in the process of subdividing into 2 additional lots. Looking for input/advise if anyone has experience acquiring a mortgage that will allow the future sale of the…
Is it feasible to obtain a 2nd mortgage to buy a second home (as my future primary residency) with the intent to rent out my current condo?
I originally wanted to sell my condo (which is underwater) via the traditional route but was unable to entertain the offers received. Now I am thinking of either short selling my condo, or renting it…
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