Financing—questions & answers, advice and opinions page 40

Loan for foreigner on Visa
I'm a Swiss and will most probably get the possibility to work in the US for the company I'm currently working for. I've read that it's almost impossible to get a loan or a good interest…
Is there any lender doing high DTI ratio loan in Tampa Fl?
My current ratio is at about 46%, it was lower a few weeks ago when I first inquired about a loan but with the interest rates going up that's how it is now. The lender I am working with is horrible at…
Are owner/builder construction loans still available in this economy?
My husband and I are researching the possiblity of being the general contractors on our new home construction project. I'm wondering if financing is available and which lenders are reputable.
Change of Job how long until can buy a new house?
I have been at my job for 10 years and my boyfriend has been at his job for 9 years. We are both under 30 years old. We want to buy a new house; however, my boyfriend is in the process of getting a new…
What is a decent interest rate for a USDA loan?
We're in Utah County, UT. At a score of 621? 640? I had a lender quote 4.85% today with a score at 621. Is that a pretty high rate? I was quoted 4.0 on an FHA, but would prefer USDA. Also,…
80-15-5 / 80-10-10 loans for New Home financing
I'm in the process of buying a brand new single family home (500k to 535k range) in either Odenton MD or Severn MD. The more I talk to loan officers, the more confused I get as half of them think…
Loan modifacation
Hi my wife and I are trying to get our mortgage payments down by loan modification and hopefully reduce the intrest if this is denied would filing chapter 13 help
Need preapproval with Credit Score less than 640. Are there any companies that will work with scores between 600 and 640?
We have the income but some medical bills have pushed our credit scores to below 640. We'd need to do a conventional loan since we already have a FHA loan and will be making that property a rental…
Contract on home lender backed out short sale in 2010 but legal documentation of extenuating circumstances and excellent credit/finances. help!
I have excellent credit, more than adequate proof of income and a loan packet fully ready appraisal done earnest $$ down and lender backed out due to short sale in 2010. I have legal documentation that…
How do I buy a foreclosed home with a couple credit cards?
Will the title company charge them? Don't really want to do cash-advances. They are all business credit cards and offer 0% interested from 6 -12 months.? Are there companies that will give you loans…
Can you help me find a lender that will approve my loan application for a condo that I'd like to buy for investment but it has 30% HOA?
delinquency? I spent a total of $750 for an inspection and appraisal on the condo in DC when I had a contract on it but several lenders' underwriters declined my loan applications because of the…
Credit Checks/Pre-Approval
There are many REO bank-owned properties in my area and the listings say I would need to submit a pre-approval letter from my lender along with my offer. I am concerned because my agent says that often…
What are Closing Costs?
How would you explain what closing are to a client?
Is Fremont Bank's no closing cost, 4.875% 30 yr fixed loan sounds alright ?
hi, I already have one primary residence and three investment properties. All mortgages at 4% or under with Fremont Bank. I am now buying the fifth property with 25% downpayment for investment. Fremont…
Does any Massachusetts Mortgage Company Refinance Mortgages for a Condo Unit that has up to 25% commercial space in that condo building?
Does your underwrite guidelines limits nonresidential space in a condo building to less than 25%
Three siblings inherited farm, can one get a loan to fix house while still in estate.
My two sisters and I inherited a farm 12 years ago, and have left it in my grandmother's estate. The land is leased to a farmer, but the house has been vacant for a number of years and needs some…
I have a 610 credit score and want to buy a house in Fort Lauderdale. I have a reasonable down payment and steady work history. What are my options??
First time homebuyer with a low credit score needs advice on how to obtain a reasonable mortgage. The home I would like to purchase home that is between 80,000-100,000
We have a 581 score and have found a lender who will work with us requiring 4% down. we can go 10%. looking 15yr fixed what kind of rate can we expect
Asking price on home $59,900. we are going to offer just a little less (50-55k seems appropriate for comparable homes/foreclosures in the area) . It is a Fannie Mae Homepath home, eligible for both homepath…
How long before usda notifies lender?
We have been approved by our lender's underwriting dept and our file was sent to usda on 6/26. I called usda and they are now processing files submitted on 6/28 so they should have reviewed out…
Where can I find a nontraditional lender I need $20,000.00 to $30 ,000.00 I have a business that clears $150.000 after expenses credit score 600
I filed bankruptcy in 2004 I have about 3 to 5 thousand medical debt and less than a 1 thousand credit card debt I have 5000$ in under grad loans and and 30,000 graduate student loans I would like to pay…
Does the seller have to disclose weather a single entity own more than 10% of the total condo units?
Hi everyone, I recently purchased a condo (They have 14 units) with cash payment (No mortgage was obtained). I was recently in need to get a cash out loan from the property and during the process found…
Are there homes for sale that are at least 5 miles away from any CAFO's or chicken farms?
Living within 5 miles upwind or upstream of any CAFO's is NOT an option. The OK Attorney General has filed lawsuits against companies like Tyson and Simmons over the pollution to the environment, air and…
Need Alternative Financing ideas. I own a 3 family home on Martha's Vineyard in need of major repairs.
This is a follow up posting to my original question yesterday which was deleted by trulia. I have a house in an historic district on Martha's Vineyard. This house has three apt and is in need of major…
Live in pa, wanting to build in oh
We are first time homebuyers looking to build a home in Ohio. We currently live in pa though so is there a difference in a construction loan when you live in a different state?
Are there many banks in suburban Chicago doing land loans? What are normal down payments and rates?
I'm interested in a large parcel--about 10 acres. It's in an unincorporated area, but city services are nearby. It is currently being farmed.
Can I get a mortgage loan for with scores of 605, 610, 617?
My income is 31K. Home price 85K. 3K in savings. Will apply for the Dallas County FTHB UPCAP program. I have done everything my LO asked of me. I have two secured cards opened in Feb and Mar. I've…
VA State Limits
The state cap for a VA home loan in CA is $521,250. If the home you try to purchase is over the limit, do you just find another bank to finance the remaining amount? Or are you limited to the funding…
Can you get home loan with a poor credit score?
I am in the market to purchase a home in Florida. Deposit is not a problem and job wise is not a problem. However, the score is just not there. Everyone seems to be looking for high scores, which is something…
My credit Score is 605 Can some one help me get a mortgagee in the Orlando area?
Just checked my score today 605. Next month I am going to have a big peace of old debt fall off my report. My wife and I are moving from out of state soon, so I really would like to find some thing before…
Hello Experts - Dont want to go for an FHA- Is a conventional loan possible?
We are first time buyer searching for a home with a good school district in and around Irvine.We are looking with 35K down payment and I have a credit score more than 745 . I have credit of auto loan and…
Can I get a mortgage before H1-B Visa starts in October?
I have been employed in the U.S. for almost two years but I'm still on F1 student visa right now. And I am planning to buy a townhouse in Dallas, TX around 220k. I have an annual income of 42k…
i have been attempting to refi my 6% mortgage to a lower rate for over a year with wells fargo
i have been current for 8 years and am just wanting a lower rate not a principal reduction. been jerked around. initial was offered a 4% and now its 4.375% and its in limbo. what recourse do i have? who…
Does anyone know of a portfolio or hard money lender who can do $365K loan?
I am in desperate need of owner-occupied mortgage. ITD 22% >600 credit, no late in >36 mo except foreclosure 18 mo ago(extenuating circumstances)75%LTV $365K. my balloon is due NOW
Should I put 10% down or 20% on 300K home at 4.5% / 4.75% interest rates?
We have the 20% to put down on our new home. But should we? The home will appraise for $350k, so should we only put 10% down, pay PMI for one year, then have it removed because the equity in the home…
is there Away I can build a house in my back yard?? I do have land (acres) and dont live in city limits
Im wanting to purchase a house and dont know if its better to purchase or instead make one my self?? I do have land and Do not live in city limits.
We are condo owners in FL for 9yrs. Have never been late with a payment. Husband retired and are trying to lower our interest rate.
Did the loan app and got the appraisal which was about the same as what we owe the bank. We were thinking of using some of our investment monies to lower the actual mtg. bank rate but the loan co is asking…
Will a career change soon impact our ability to get a loan later?
My husband is currently studying (self-studying, not college) and getting his certifications together for a career change (not self-employed, possibly salaried) which should happen by the end of this year.…
I am looking to purchase a home in the next 6 months and was curious in today's market if I could get approved for anything with my 620-660
fico... I am trying to test the waters and see what my options are before we resign our apt lease in October.. Any help is much appreciated!
Is National Mortgage Alliance a reputable mortgage lender?
Does anyone have any reviews/experiences with National Mortgage Alliance (a division of Georgia Banking Company)? They seem to have good rates but I'm unable to find any reviews or third-party information…
Rent Payments as a gift?
Hi I am trying to get a new mortgage for a new house we are purchasing. I currently rent a house and have paid the land lord in cash for the last 5 years. My brother in law paid the rent for us for 2012,…
I would like to refinance before rates go any higher. How would a "gutted" upper floor affect this process?
When we purchased our home 11 years ago the upstairs was finished but it was clear the job done wasn't very good. I gutted this recently so we can fix the upstairs up with proper insulation and also add…
Has anyone done business with Integrity Mortgage Group out of San Diego?
I have a client who has a quote - I don't know them and in this market, this concerns me. Any experiences, good or bad…communication - turn around time…problems getting put "back in the queue…
Any lenders for consumers with credit score below 620? My credit scores are 616, 626, 637 but I am still being denied by FHA lenders.
Any lenders for consumers with credit score below 620? My credit scores are 616, 626, 637 but I am still being denied by FHA lenders. So frustrated. My husband scores are 567, 570, 611. Our scores use…
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