Good afternoon Yvette, As a buyer I can help you find your ideal condo. I will set up a search with your specifications and we can go see properties as soon they come out in the market to ensure that you find your dream condo. Please reply call me at 786-338-1609 in order to start your search. Please view my profile in LinkedIn where you can find recommendations from my customers.... more
They have to verify that you have the necessary funds to close the transaction. You don;t want to get to closing and then not have enough money. I'm not saying you, but some people spend more than 1/2 of what they earn.
In addition, if the underwriter sees a recurring monthly debt on your bank statement that you did not disclose or does not show on credit report it needs to be explained and might even disqualify you.... more
Your builder is telling it as it is. We did this when building - $9,000 of incentive upgrades for $2,000 - for using their mortgage company. It was worth it, we refinanced a couple of times while we lived there, and came out fine.... more
We do Conventional, VA and USDA single close construction to perm loans. You will need 5%-20% down on a conventional, 3.5% on an FHA and 0% on VA and USDA. You should also plan on 2-3% to cover closing costs and pre-paids.
You will need a 680 to 720 credit score for a conventional. The other programs require at least a 620 score. Check out www.bestfhaconstructionloan.com.... more
You should get pre-approval before you even look at a house. The reasons are 1. know exactly how much you can get or afford 2. get all your ducks in a row; have most documents ready and set to go at the bank 3. get the shopping for good rates out of the way 4. eliminate as many surprises as possible 5. show real estate agents that you are serious and ready to go 6. buy a little more time to get missing documents 7. start working on those companies that you will need to have help close the deal: home inspection, and have an actual idea of how much money you will need to bring to closing.... more
Hello Thea, my father is a branch manager of primary residential mortgage and can steer you in the right direction if you haven't already received help. His name is Ray. 818-915-9956. Give him a call whenever you have a chance.... more
If you have not purchased your condo as of yet. I am happy to help you with this.
I live and work in West Palm Beach so I am very familiar with all the buildings.
I also have a great Mortgage Broker who has helped many of my clients.... more
Hi Bryan. I had several clients who used VA loans to buy their homes in Florida and we had no problems or aggravations. Your realtor needs to be in communication with your VA loan officer and structure your offer in a right way to avoid or minimize your losses. Don't get discouraged. Va loans work fine.... more
Hello Seve, you may consider FHA 3.5% down from a minimum 580 fico score and FHA 10% down with fico scores between 500-579. What state are you looking to buy in? Check out the web reference link...... more