Financing—questions & answers, advice and opinions page 56

Looking for a house in the local area for owner financing.
I am looking for a house with owner financing in the Inman and Boiling Springs SC area, can anyone help?
We're Canadians looking to buy a home in Florida. Are there Florida based banks that will give mortgages to Canadians?
There is no where on your post a question form to enter Canada as my location
What lenders will offer a 5% down loan for a home purchase in orange county california?
My family would occupy this home, this would most likely need to be conventional loan as we do not qualify as 'first time' buyers. Are there any realistic options for a 5% down loan?
Refinacing and if it will be possible....?
I purchased my home (single family) in January 2006 for $620,000 dollars in Lake Forest, CA. I have a jumbo loan as they say and a HELOC. My HELOC is not fixed. The first loan is fixed and I wanted…
We are Canadian investors, we have few investment properties in Florida, they are all cash purchasing and are all rented out.
We would like to get some equity out of those currently owned properties, and use the funds, to purchase more investment properties. Please advice if any American banks or lenders are willing to lend…
I WANT REFINA. MY HOUSE @ 2% . I PAID $1600.00/MONTH AND ITS HARD. I EAR THAT I CAN REFINA. MY HOME WITH BANKS IN MIAMI SEND PAPERS.. GARDENA CA
WELL REFINANCE MY HOME DOING ALL PAPERWORK WITH MIAMI BANKS WITH NO RUNNING MY CREDIT.I LIVE IN GARDENA CA. IF POSIBLE OR CAN PUT IN JEOPARY MY HOUSE. I TRY BANK FROM LOS ANGELES CA NOBODY CAN HELP ME…
On Reverse Mtgs.does the interest accumulate on the unpaid bal.at the same rate-if so,does that mean you pay int.on the compound amt.ea.month?
On Reverse Mtg.,does the interest accumulate on the unpaid balance at the same rate... If so,does that mean your paying int. on the compounded amt. each month?
Are there Banks or Private Lenders in the Sacramento, CA Area that loan 65% LTV based off future ARV?
I am currently trying to finance a rehab and need to find a loan for at least 65% LTV of ARV. Also, ideally with a lender that requires no upfront payment or points paid at the end. Any help/recommendations…
Debt to income maximums?
Does anyone know the DTI maximums for a Fannie Mae homepath loan with no MI? I am a little over 45% (45.7%) and don't have any reserves.........but my credit score is around 750. Is there ever any…
Looking forward finance for $100,000 for an investment property in Miami. I have no credit history as I've just moved to the US.
Have a ITIN soon also a SSN. Have a an LLC investment company established. Options available?
bankruptcy question
I went through a bankruptcy over two years ago? I have no credit history since then? Is it possible to receive a loan of 50,000 or less? I am more responsible now with a steady job.
I need a 5% down conventional loan on a flipped house near Seattle, who can help me?
I have an offer in on a house, but recently discovered that the lender we planned to used would not be able to get us a conventional loan because the house has been purchased about a month ago by a realtor…
What are "Other Financing (P&I) and Insurance costs THANKS Orlando in Milwaukee?
I understand the P&I and the Real Estate Taxes but not those two items
How is a FHA converted to Conventional Loan?
I just realized that I was converted to a Conventional Loan, can this be converted to a FHA again?
Are there any banks that require less than 2 years of proof of rental income?
My house has been rented for almost a year now, and I recently relocated to VA and wanted to buy a new home since the rental payment is almost the same as paying a morgage. Is there any lenders consider…
2012 FHA LOAN for MODULAR HOME BUILT ON THE PROPERTY
I have asked several lenders and they all confuse modular with manufactured or mobile and RUN. The house is attached to the land via builder's pier. I am told this can be done and all I need is an FHA…
I'm thinking of buying a home (1st time). Is a DTI ratio of 17/32 good enough to ask for a loan and get pre-approved?
Hello, I'm thinking of buying my first home. According to topagent.co DTI calculator, my ratio is 17/32. With a credit score of approx. 700, do you think it would be reasonable to look for financing?…
We are buying a HomePath home & looking for an experienced lender with HP/FHA/Conv to evaluate & compare our options. .
We only want to deal with someone who is the best & has a lot of experience on these types. Which loan is better for us? Does HomePath or FHA pay part of the closing costs? Will this weaken our offer?…
hi, I am interested in purchasing a home, but my credit is bad, but getting better.
My approx credit score 580 and I just started a new job. I have been looking into lease purchasing, but I am not sure if that is an option for me. Although my credit history has been consistantly positive…
where can I get financing for a mobile/modular home?
need to answer ASAP, need to get financing and have to be out of the home I'm in by 01/03/2013
Are there any banks beside Wells Fargo that finance coops in Northern New Jersey?
Our coop is in Weehawken, NJ. We are bringing some money to the table in order to pay down our mortage as well as refinance, so we should be in good shape, even if the value of our apartment has gone down.
Va loan guidelines and underwriter requirements
I have a nelnet loan only deferred for 11 months from now, I am on income based repayment plan. nelnet states they will not put anything in writing saying i will be deferred again or what my next payment…
10% Down Jumbo Loan in OC at ~$900k purchase price?
I am looking for a jumbo loan in the Orange County area for a home with a purchase price near $900k and about 10%. Do these types of programs still exist in the current market? I have been told that…
Question about Rental requirements for a Single 30 year Fixed Loan
My wife and I are in the process of purchasing a Home. The Loan amount needed is $540k . We've been living for the last 2.5 years at my parents house. where they have not charged us for Rent. Speaking…
Appraisal missing information; underwriter conditioning more items; closing delayed for the third time. Help!
I am getting a mortgage through Bank of America. The contract closing date was on or before Friday, Oct. 19, 2012... Yes, today. We originally tried to close the 12th, but loan wasn't approved in…
What major lender will allow the homeowner to perform their own minor work with a 203k loan?
I'm trying to buy a house that needs a lot of repairs, has old wood siding that needs to be replaced, needs a door replaced, eves/soffits replaced, new carpets throughout house, and some drywall repair.…
Can I use this against a Underwriter?? VA loan & deferments
VA Guidelines Chapter 4 section 5 reads: If student loan repayments are scheduled to begin within 12 months of the date of VA loan closing, lenders should consider the anticipated monthly obligation…
Went to closing appointment Monday, the contract was wrong. We were told we have to resubmit to USDA. What time frame are we looking at?
The lender is saying we may not be in the house for Christmas that seems incredibly excessive. We are now literally homeless, lucky enough to crash with family but this is the 3rd total delay (original…
I have found a property I would like to purchase (to rent out) that is under $20,000. Any idea of lenders that I can go through for help?
My credit score is in the mid 600's and climbing. I already own my own home, this is strictly for investing. I have researched this for 18 months, and have 2 fellow co workers who are rather successful,…
Need Funding Information
I own a property left to me be a family member. We are looking to clear it off as well as purchase the lot next to it to put several mobile home units on it for extra income. We are in the process of…
should a nelnet deferment effect my VA loan chances?
I got a nelnet deferment back in november after the lender asked me to submit 1 so i could qualify for a loan. so now i have no payments for a year till november 13 and after wards i'll just submit…
Getting into my House .. need $100k more- Any Ideas??
I purchase my home for $540k. I extended it and completely renevoted it. I put in about $120k. I now need another$70 k or so. Would it make sense to even bring in a Partner into my house if I am desperate…
Need Funding Assistance/Advice
I own a property left to me by a family member. We are looking to clear it off as well as purchase the lot next to it to put several mobile home units on it for extra income. We are in the process of getting…
We signed with a notary a refinance loan on the day before Thanksgiving. It still hasn't been funded. Are the loan documents binding for the?
lender? Cashcall's (lender) underwriter has decided that the appraisal is not good enough because we aren't finished completely with the kitchen remodel. Cashcall picked, paid and received the…
can i get a loan with tax id?
I have my taxes from the past two years.I looking at a $55000- house.I have $10000 cash for down payment..
Owner Occupied Fraud
I have an ex land lord that is taking me to small claims court. He told me he bought this second house for rental purposes, but had it FHA owner occupied. Who can i report this too?
how can someone bankrupt get a new loan for a home?
i filed chaper 13 couple years ago then when my husband passed away i changed it to chaper 7
Should the government back subprime refi's?
I'd like to hear your opinions . . .
FHA pre-approval threw Wells Fargo
I Was pre-approved for an FHA loan for 125,000. I am married but my husband is not on the loan due to not meeting the employment status for FHA. I have a fico score of 646. I have 1 medical bill from…
Currently remodeling and looking to refinance, will we have an problem?
I just put up a new wall separating my bedroom and bathroom, but haven't yet put up drywall in the bathroom because we are still planning. We really want to refinance but we are worried this is going…
(active participation rental real estate taxes)
im having a hard time understanding (active participation rental real estate taxes ) example;; I have a property porfolio making 200,000 a year ....i fall under the 15% tax bracket so i owe uncle…
i need a loan to pay for property is secuerd loan
using my 6 acre property as collateral
Hello I wanted to know if it was possible for me and my husband to get finance for a home loan with a credit score of 550 (myself) and 575 (husband)?
We have saved a down payment of at least $5000 we only want a house in $50,000 to $60,000. We find that a resonable for we live in MI and our family isn't that big. We thought about this we are currently…
Does a finished basement add value in Nashville?
Our finished basement has french doors, a side door, and large windows in each room. When we purchased the property and when we refinanced in 1999, it was counted as living space. It was not counted in…
I bought my current home before I got married, and we both signed a pre-nuptial agreeing that the home will remain my private property.
Now I want to refinance, but I may not qualify with my reduced income alone (even though I have about 30% equity). Can my wife co-sign for me while leaving her out of the title (she is willing to do so).…
bad credit,one income wife in school need loan to buy 1st home
wife in college we struggle we rent but would like our own home,
Can I ask the loan officer to refund back my appraisal fee?
I am refinancing with BBVA; the loan officer who is helping me tells me he can give me 2.75% for 15 yrs fixed. I gave him all information including our credit score. Two weeks later the appraisal was…
Is it true that a good mortgage broker can get around the 6 month wait to refi after taking a house off the market?
We want to refinance to lower our interest rate (currently at 4.5%), get rid of PMI, and pull some cash out to pay off debt. Our credit scores are between 670 & 695. We currently owe about $165K and…
Anyone aware of any 90% or 95% LTV mortgages for NOO investors on triplexes or fourplexes?
It seems like values are stabilizing in SoCal, but the lending leash is as tight as ever. I was intrigued by HomePath until getting word that all of the magical pixiedust powder really just outlined a…
we have bad credit, one income family first home
would really like a home, wife in college one child have alway rented is ther anyway we could buy our first home
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