Financing—questions & answers, advice and opinions page 43

If my credit score isn't sufficiient to qualify for a mortgage on my own, can I get a cosigner just for credit purposes?
I have paid off everything that was negative on my credit, and it seems my score is moving very slowly. My income is more than sufficient for the price range of home I am looking at, but I would like…
Bad Credit Home Buying...we have extra money to improve score but do not know where to start..
My husband and I want to buy a home. We both have credit scores under 600. 2 years ago we both had scores close to 700 (we were making payments on things had a large car loan, exc we basically rebuilt…
I have a credit score of 589 would I have a chance getting a loan on a foreclosed home with this score.my husband and I ran into some financial
difficulties, when our son was diagnoised with autism He was going to riley hospital once a week for thearpy He no longer goes to riley and were doing better financially. I realize our intrest rates will…
Foreigner looking to get a Mortgage loan in the US
I'm a Canadian buying who's looking for a loan. I am ready to put USD 350, 000 as down payment for a value property of 950,000$. I also wish a LLC to hold the property. I plan to refinance once…
Is it possible to obtain a home equity loan these days?
My boyfriend bought a house 14 months ago and would like to take some money out to finish a remodel. House was a fixer. Cash has been exhausted. Wells Fargo turned him down citing not enough equity…
I am debating whether to go FHA or conventional?
I was quoted 5.25% FHA and 5.375% conventional. Loan value would be $140,000. My credit score is in the 730s last time I checked. I have enough cash for a 5% down payment, but my lender is swinging me…
How do you finance a fixer upper?
So here is the deal my husband and I are trying to buy our first home. He has worked construction for over 5 years as a general contractors foreman. So we are looking for a fixer upper. But the problem…
Spouse had foreclosure. Loan was approved now cant get mortgage insurance...how?
I had a foreclosure which we disclosed to the banker. We opted for a conventional loan since we live in a community property state. after the prequal we found a home. We were told the loan was approved.…
We have 20% down for a 170k property. However we had a foreclosure in our credit. The foreclosure will be 2 years in April
We are looking to buy a property we have 20% down but we have a foreclosure on our record. The foreclosure will be 2 years in April. We do have excellent credit apart of the foreclosure and no debt with…
Is there any way to get a Mortgage loan after a foreclosure, Good fico (730) good income and no debt ?
I am trying to find out if we can get a loan, we foreclosure in a property 1.6 years ago after many atempts to do a short sale. We are currently renting and we own a home in a different state thats rented.…
Are there any mortgage lenders that will finance a condo (conventional) for under 50K?
I have a listing of a nice condo, but the biggest block to getting it sold are no lenders will finance that small.
Down Payment for 2nd Home
What is the lowest down any of you lenders can do for a second home? I have spoke with 3 of my lenders that I use and they all say 10% with really good credit. Does anyone know of a lender who will go…
i'm looking to get a bank appraisal in order to refinance.
It is hard to find comps similar to my house that have recently sold in my area of brunswick ny/ brittonkill schools. my house is over 3000 sq ft and also has geothermal. i am worried the appraisal will…
Is it possible to get a mortgage with no credit?
I currently am a homeowner, but I am wanting to sell my home and purchase another. I would be putting my earnings toward another home. I have not established my credit. If the answer is no, what would…
Can I get approved for a conventional loan with my situation?
My credit score is 640, 20% down payment, I have opened a company in 07/2012 but it was then controlled by a another company due to complications in my divorce. However, in this year was receiving commissions…
Can anyone refer me to a creative Mortgage Broker in my area?
I'm looking for a Mortgage broker in my area who can assist me with funding my home loan. I've been Pre-Approved by 3 lenders that I've got on my own.
Single mom with hardly any credit
I am single mom and i hardly have any credit. Will any lenders lend for a first time home buyer?
We want to buy a home in staley but haven't save up much how much would we need down?
-- This question is about this property: http://www.trulia.com/property/1065351873-6840-Old-Us-421-N-Staley-NC-27355
Is it true that interest rates on attached condos are higher (vs detached condos)?
according to my mortgage broker, the only way to bring down the interest rate where it's compatible with rates on single family homes and detached condos would be by buying (or paying?) points; just…
No down payment VA Loan?
We're retired and relocating from Denver, CO to northern Delaware next Spring in order to be closer to our families. We'd like to move as soon as we list our current home, and get into a home ($175K-$190K)…
Is it possible to get a Jumbo loan without 20% down?
We have good credit and have a combined annual income of $170,000. We are also first time home buyers.
My Parrent gave me money and I purchased an 2 units investment property? Can I cash out? I do not have an primary home.
I know the delay financing on Fannie Mae required proof of the purchase fund to be my own fund, if I wait for after 6 months, would they still need me to prove the fund to be mine?
My daughter and her co-borrower broke up, and he left the house. She would like to keep the house.
She will not be able to pay the mortgage of 2400/mo. She now chips in half of that-1200/mo. How can she keep this house?
I'm looking for a physician's loan program for a couple of my clients. Does anyone have a good experience to share with me in CO? Thanks
Warren P. I have looked on line and seen numerous leads-but would like to find someone who had had direct experience. Thanks.
Is there a lender out there who would do a loan for a homeowners association without a personal guarantee from any member?
I think it might be a good move for our HOA to purchase one of the units in our complex to provide us revenue, but it would be a big ask to buy it with cash. We would of course have the collateral of the…
My employer already gave me a verification of employment but the mortgage underwriter wants the letter to
have assurances of future employment - which my employer will not give. The UW is denying my FHA loan -- what can I do?
Do you have to get a traditional mortgage type loan on a manufactured or mobile home.Could you get a typical loan?
I have heard that if it is not stick framed,sitting on a foundation that you would not have to get the traditional mortgage.
Good Faith Estimate Is Way Off From HUD Form For Closing??
I initially received a Good Faith Estimate saying I would need just over $10,000 at closing. Now we hear that the HUD forms came in and we will need $13,500 at closing. Can they be that far off?? I…
Non Warrantable Condo Refinance options for LTV 60%, Income of $150K and FICO of 800 . Does refinancing actually exist?
New Construction in 2007. Non Warrantable cause the builder still owns 11% of the units, possibly the BMRs and commercial spaces. I find it hard to believe that its impossible to refinance.
Anywhere in panama city offer 100% financing on double wides / mobile homes?
We are trying to purchase a 95 double wide on a property thats been completely renovated. It will be our primary residence. Any suggestions were to go to get a first time home buyers loan on a double…
fixer upper
I'm looking to buy a fixer upper and can afford the down payment, but not the cost to fix it up. Does anyone have any suggestions?
are home loans still available without income verification?
I would like to purchase a home with, actually for my grandmother. I am a stay at home mom and would like to purchase without using my husbands income. I have good/excellent credit.
Maybe the third time is a charm...
Regarding the FHA Back to Work program, I understand that in part to qualify for this program an individual would need to also prove they had Good Credit before the short sale/foreclosure/bankruptcy.…
Hello, are there any private investors who can help to buy a home?
I would like to buy 2br/2bth place and need help to get loan. Loan companies would not get me it yet, credit is 520-600, no credit history, Just paying off the car. thank you, Anna
House Financing...?
Ladies and Gentlemen, We couple Robert Arthur and Sahra Sändig, we have some questions about House financing in U.S. My wife is an American citizen, working for the Military Banking in Germany…
Non-resident alien mortgage
I want to obtain a mortgage for an investment property. I have my eye on a property in Las Vegas, comprised of 10 x 1 bedroom units, listed for $275,000. I am an non-resident alien. I own 6 properties…
HUD Refinance Underwriter noted on my taxes more than 25% of my home was used for business?
The Underwriter of my HUD Refinance loan stated that my taxes show I claimed 28% of my homes use for Business last year. Thus, making me ineligible for a HUD loan. My wife owns the Business and is not…
Investors for development of a North Philly block. Any leads or interest?
I'm acquiring a full city block in North Philly. Looking for investors to finance the development of modern twin homes and small park. This will transforming the area . Any ideas on financing?
Does anyone have a list of 203k lenders in the Boston area?
I'm looking for a 203k lender in the boston area.
Are there laws to regulate calculations of tax escrows? AND How long does a title/escrow co. have to refund an overage?
I recently refinanced using the lender-appointed title ins co. Though the lender used the last 4q's to determine the mortgage tax escrow amount, the title co used a different formula and overestimated…
I have w2 and self employed income, but my FHA lender will only consider my w2 income. Know a lender?
In 2006, I had only self employed income. In 2007 and 2008, I had w -2 income from one employer and self employed income. I was laid off in 2008, but still had self employed income. In 2009, I have 3 part…
Non-warrantable condo financing
Looking for a reputable lender who works with non-warrantable condo's. I want to refinance my condo in Phoenix, AZ Details below: 65% LTV 740 Credit Full doc income Any advice?
I have a 30 day late on my previous mortgage and my credit is in the mid 500's due to debt consolidation and debt to income ratio. What are my?
options I will have my debt paid off in the couple of months. I currently own a house in another state valued at $228,000 and is currently rented out to tenants. I am renting an apartment currently and…
Does anyone know of a good Mortgage Banker on Marion Ohio?
Need a house loan but I have bad credit.
My husband has a credit score of 628, has only been back to work since April after a year out due to workermans comp. He makes 1100 a week and I am di
sabled bring in 2300 per month. Our only debt is 500 a month for 2 leases. We are hitting road blocks everywhere and a different reason with each one. Suggestions? Please!
Applying for Mortgage with Impending Maternity Leave
I need to get approved for a mortgage that will close shortly after I go on maternity leave. The leave will be partially paid, and partial short term disability. All lenders I've called have told me that…
I recently was told my three credit scores was 590, 599, and 627 but the mortgage lady wants me to have 640. I've never owned a home before and
was wondering if there is any lenders out there willing to help me and pre qualify me so I know what price range or if I can get a home at all? I'm so frustrated :-(
Is it possible for a J-1 visa holder to get a loan? If yes, what will the condition be?
Our case is really an urgent and tough case. The broker we contacted said it is no problem for J-1 holder to get a loan when we contacted him. He even wrote the pre-approval letter for us. However, after…
Detached Condo Appraisal disagreement with Navy Fed
I had a Home Appraisal done for a home refi with Navy Fed. The Appraisal came in much lower than expected....Much lower. I bought the house for 335K in Jan 2012. It was built in 2011 and I am the first…
Any lender service owner occupied 4plex from buyer downgrading from home and keeping home?
Someone is trying to buy my multifamily home. They intend to be owner occupied and I'm even holding an apartment open for them at a daily loss while we close. I just found today that their loan provide…
I'm Australian. I've got a good deposit, can I get a mortgage over in the states for a property?
I'm Australian. I've got a good deposit for a mortgage. If I want to re-locate to the states, How do I or can I apply for a mortgage in the states?
I purchased a home about a year ago with a VA loan. 6 months later I refinanced at a lower interest rate.
The original loan acct shows 'paid in full' with my bank although another mortgage was issued. Does this mean I can apply for another VA loan? Thanks in advance
Canadian looking for financing advice on multi-unit housing in US
Hi, I'm a Canadian citizen looking to acquire a multi-unit property in the LV area in the $400-500K range. Ideally, I would like to put down no more than 25% of the purchase price, and I will have it professionally…
Single-family home in Henderson/Las Vegas
Hi, I am planning on buying a single-family home in the Henderson/Las Vegas area but require financing. Here is the deal: - I am a non-resident foreigner - Have filed for a LLC and will soon have an…
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