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Financing in Polk County : Real Estate Advice

  • All13
  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 62
Thu Apr 6, 2017
Evelinedmartin answered:
We have co why is the bank asking for an architect
0 votes 12 answers Share Flag
Tue Sep 27, 2016
Georgepantelaras answered:
Call Marisol Delgado, she speaks fluent Spanish 888-547-9541 Direct Toll-Free. NMLS ID# 971586
0 votes 7 answers Share Flag
Thu Jul 14, 2016
dave_hall_58 asked:
I'm a UK resident with an adjusted rate mortgage, been told there are no re-finance deals if you're not a US citizen?
0 votes 0 Answers Share Flag
Sun Jul 19, 2015
Five Stars Mortgage answered:
USDA, FHA, HUD $100 down - all great options for First Time Buyers - contact us below to discuss in detail.

Five Stars Mortgage - Florida's leading mortgage resource
Ph: 800-871-2636 ... more
0 votes 11 answers Share Flag
Fri Jul 10, 2015
Yes, you can get an FHA loan if you qualify

Here are the waiting periods for FHA with "extenuating circumstances " ( loss of income through no fault of yours, led to shorts sale)

1 yr if you were behind on the mortgage payments at the time of short sale/foreclosure
No waiting period if you were current on your mortgage payment for the last 12 months before the short sale


3 yrs if NO "extenuating circumstance"

for more details pls call me

Tom Bawany
Mortgage Loan Officer
NMLS # 519971
Envoy Mortgage
407 924 2759
... more
0 votes 4 answers Share Flag
Fri Jul 10, 2015

If you have high debt to income ratio and there is no way you can pay off or lower some of your existing debt ( which could l also help your credit scores) then adding a co borrower is an option. You have to be sure that the co borrower has good credit and income and it will help the situation by supplementing your income

Pls call me for further review of your situation

Tom Bawany
Mortgage Loan Officer , NMLS # 519971
Envoy Mortgage
407 924 2759
... more
0 votes 3 answers Share Flag
Fri Jul 10, 2015
On an FHA we can go as low as 580

Tom Bawany
Mortgage Loan Officer, NMLS # 519971
Envoy Mortgage
407 924 2759
0 votes 6 answers Share Flag
Tue Apr 21, 2015
Abraham Bidhendi answered:
HI Frances;

Of course, feel free to email me so I can send you the lender's info.

In the meantime below is the link to some homes in Kissimmee:,Foreclosure+Bank+Owned/sort/price+asc/

Hope this helps.

Abraham Bidhendi
Top Producer Realtor with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Search Entire MLS At:
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
0 votes 10 answers Share Flag
Mon Feb 23, 2015
Brian Martucci answered:
What you are looking for is a lender that can do an investment loan when you own 5 to 10 financed properties I believe. Fannie Mae limits people typically to owning no more than four financed properties, but there are a few lenders that will do 5 to 10. Make sure the lender that you choose can specifically do that. Good luck ... more
1 vote 2 answers Share Flag
Tue Jan 13, 2015
Tim Urban answered:
I believe a 580 minimum is required. However, I can recommend a company that really helps with your credit score and does so fairly quickly. I've recommended them several times to my clients and they have gotten them to their target scores fairly quickly and my clients have been very pleased with their service.

Here is her contact info:
Sandra Mayher

Senior Credit Analyst

P. 970.692.4216

F. 888.492.9397

Hope this helps!
... more
1 vote 3 answers Share Flag
Wed Nov 19, 2014
Lynn Brock answered:
There are several different qualifications that are required for an FHA choice program. Follow the link below for more information.

I hope this answers any of your questions.

Best regards
Lynn Brock
... more
0 votes 1 answer Share Flag
Mon Nov 17, 2014
Dan Tabit answered:
That score will not permit you to buy anything with any conventional or FHA mortgage. I agree that doing credit repair is what's in order and much of it you can do yourself, but having a LOCAL lender who assists can be invaluable. A local lender can review your credit report and run scenarios where if you pay this off or down, or resolve that how it will impact your scores.
Whether yours can go up fast enough depends on why they are that low and what resources you have available.
Focus first on keeping everything paid on time. Find a local mortgage lender who assists with credit repair. It may happen fast, I just can't say if it will happen in 4 months, but a local lender who assists you might be able to. Best of luck.
... more
0 votes 4 answers Share Flag
Sat Jan 11, 2014
Becky Burke answered:
Hi there!

Looks like you got an answer to your question. I also know of a mortgage company that can approve loans with a credit score as low as 580. However, just as Melissa stated, it's not just about your credit score. If you would like contact information for this mortgage company, please send me an email.

Once you are able to get pre-approved, I will be more than happy to help you find the perfect home. I have been living and working in the Clermont/Davenport area for 10 years.

Becky Burke
Morris Williams Realty
... more
0 votes 4 answers Share Flag
Fri Jan 10, 2014

There are developers holding mortgages today. Although it is not common it would not be fair to say it doesnt exist.Fannie,Freddie and GNAM may hold majority of mortgages but their still is portfolio money availible..US Bank, ING, Emigrant etc...


Your credit probably needs a mini makeover. Pull it and do exactly what Anna said. If you need immediate results ( you shouldnt be in a big of a rush considering home prices are pretty flat) you can always rely on a rapid rescore service provided by most lenders.

Best of luck and always feel free to reach out if you have any questions

... more
0 votes 7 answers Share Flag
Fri Jan 10, 2014
Chris O'Connor answered:
I hear that you'd like to buy a home but there is a reason for your poor credit score. Your best bet would be to identify and then work ON the cause of the low credit score and not try to find a way to work AROUND the low score.

If you can find a loan that will allow a low score you will have to pay a high interest rate. It is give and take in this world and you're going to pay dearly if you expect someone to loan you money when your debt and income indicate you might have a hard time paying back the loan.

I know this isn't what you're wanting to hear but it is the truth. Rent for a while and work on improving your credit score. In the long run you won't regret this decision.

Whatever you decide I wish you and your family luck.
... more
0 votes 2 answers Share Flag
Sun Sep 29, 2013
ryateslenders answered:
Yes.. Actually as long as you have a 620 credit score you can get a conventional loan with 3% down, a minimum 580 credit score is needed for FHA loans which requires 3.5% down. I know several lenders that offer these loan products, visit our website we can refer you to a Lender, and an agent if you need one. ... more
2 votes 5 answers Share Flag
Wed Jun 12, 2013
Don’t do that, I linked you some basic info on the topic, see below.

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
0 votes 1 answer Share Flag
Tue May 14, 2013
Ron Thomas answered:
If you GOOGLE "home loans" you should see some lenders:
Does that answer your question?
0 votes 2 answers Share Flag
Thu May 9, 2013
Francisco Orchilles answered:
I would suggest interviewing some agents, finding one that you think will be able to help you, and working with them exclusively. You will get much better results if an agent know that after all of their hard work and efforts, they will compensated for a job well done. ... more
0 votes 2 answers Share Flag
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