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All Locations : Nationwide Real Estate Advice

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Activity 506,258
A few minutes ago
Fei Niu asked:
Since our soup was covered all time. It's for sure our roommate, who is also our landlord, put it in there! Can I terminate the lease and move out now
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A few hours ago
Kristin Thomas asked:
Hello.. my name is Kristin. I am a recent Clemson graduate looking forward to starting a career in real estate. I’m seeking a mentor who has extensive knowledge about real estate/ investing…
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A few hours ago
Anniealex21 asked:
Hi all,
I would like to know about the procedures to be followed in order to do sole proprietorship business registration in Ontario. And for necessary assistance, I'm planning to…
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A few hours ago
Suffrardpremil62 answered:
Who were the previous owners of this house in this address, 1194 Palomar Dr, in Tracy CA 95377?
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A few hours ago
Frank S. answered:
Hello Heidi, you should study RENT vs BUY listings to compare payments. You may have to secure a rental for immediate occupancy to start.

I did not find any rentals that allow horses on large acreage yet. The ranches available for purchase start from 499k.

You better study the rents and payments to secure possibilities of what you are looking to achieve.
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A few hours ago
Frank S. answered:
Hello Velvet, they are risky and costly. They usually want 10-15% down that is non refundable and the rent goes up annually until you qualify. Do you have 10-15% down?

If you have lower scores between 500-579 you may qualify for FHA 10% down financing and a minimum 580 fico score may consider 3.5% down FHA. If you have a minimum 620 fico score you may consider 3% down conventional.

If you had a short sale, foreclosure or deed in lieu you may qualify ONE DAY after from 20% down. How much do you pay in rent now and what is the maximum payment you are looking to achieve?

You should study RENT vs BUY listings to compare payments and qualifications. You may qualify to buy with minimum out of pocket expenses and pay less than rent with down payment and closing cost assistance programs.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to afford you can be set up for daily automatic emails to fit your search criteria.

The purchase in Whittier start from 315k for 2bd 2ba condo and the single family homes start from 340k for 2bd 1ba home. Check out the RENT vs BUY web reference link below...
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A few hours ago
Frank S. answered:
Hello Princess, there are to many unknowns to share solutions. It depends on the price, loan program, home condition and how much the buyer has to close.

He may consider 3% down conventional from a minimum 620 fico score and FHA 3.5% down from a minimum 580 fico score. You can cover some of the closing costs with premium financing within the rate. ... more
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A few hours ago
Hannibal Sandusky asked:
The "Ask [our community] a question" doesn't seem any value.
How do we make Trulia provide a way in AND remove useless misinformation that they post?
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A few hours ago
Hannibal Sandusky answered:
Why is there no feedback input area to report misinformation posted by Falselia?
The closest thing to "contact us" is this "Ask a question" area.
It is the only APPARENT way in - with no clear indication that anything will ever come of it.
The whole site might be a digital stonewall.

I see your question is dated Fri May 13, 2016, with no reply (to this copy). I doubt this site.
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A few hours ago
Frank S. answered:
Hello Lena, you would have to get a hard money loan because the homes at that price point are all in need of lots of repairs and in-financeable. The homes that are financeable start from about 45-50k.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase. Your middle score is the score we go by so if you say around 580 is important. If your scores are between 500-579 you may consider 10% down FHA.

You may consider FHA 3.5% down from a minimum 580 fico score. The FHA has a minimum property standard which everything has to work, including no electrical issues, no roof leaks, no broken windows, no holes in the walls, working heating, working plumbing and septic or sewer, no pealing paint, descent carpet and paint, etc.

You may consider 3% down conventional from a minimum 620 fico score to purchase some that are in worse shape but still livable. You will need to be pre-approve to be able to meet an agent to view and submit offers on any homes of your choice.
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A few hours ago
Frank S. answered:
Hello Kirsten, no problem. Do you know what your fico scores are and the maximum payment you are looking to afford? You may consider FHA 3.5% down from a minimum 580 fico score and from 3% down conventional from a minimum 620 fico score.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.

When will you be available in Atlanta to look at properties? You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather all the same documentation such as paystubs/income documents, bank statements, two years tax returns if filed and copies of your drivers license/ID and social security card.
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A few hours ago
Frank S. answered:
Yes your DTI can be between 36% and 50% for Jumbo depending on your LTV, fico scores, etc. You may consider 5% down jumbo from a minimum 720 fico score up to 1.5m. You may consider 10% down jumbo from a minimum 660 fico score up to 2.5m.

Check out the web reference link below...
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A few hours ago
Goldenred9698 asked:
I will be in marysville, Ohio, coming from Toledo, the second week of January and i am looking for a decent place to stay for me and my daughter that is affordable. If anyone has suggestions…
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A few hours ago
Frank S. answered:
Hello Shalitha, do you have the 10-15% down that is non refundable that they usually want? You may qualify for FHA financing with scores between 500-579 with 10% down and minimum 580 fico score may consider 3.5% down FHA. ... more
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A few hours ago
Rachel_f31 asked:
A few hours ago
Frank S. answered:
Hello Isioma O, you would need to have received one month of paystubs to fund a loan providing you have training/school in the same profession.

Your qualifications will also be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.

You may consider FHA 3.5% down from a minimum 580 fico score and from 3% down conventional from a minimum 620 fico score.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.

How much do you pay in rent and what is the maximum payment you are looking to afford? The purchase in 75043 zip code start from 65k for 1bd 1ba condo, from 80k for 2bd 2ba condo, from 85k for 3bd 2ba condo and the single family homes start from 135k for 3bd 2ba home.
... more
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A few hours ago
Frank S. answered:
Hello Edward, you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. Do you know what your scores are and how much you want to invest into the purchase?

You may consider 3% down conventional from a minimum 620 fico score and FHA 3.5% down from a minimum 580 fico score.

You did not mention how many bedrooms, baths, square footage, lot size and amenities? There are lots of large homes in that price range. Once you are pre-approved and know your qualifications you will be able to narrow down your search criteria.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms, baths and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. When are you going to be in the area to look at homes? Are you considering condos or townhomes or only single family homes?
... more
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