You can get an FHA loan with under a 600 middle score with some lending institutions but not many. I would recommend finding a broker or service to help you locate a reputable lender that can approve your loan at a decent rate. I have client's who have got approved and received a good rate at The Lenders Network with FHA and VA home loans. If anyone can find you a loan they can!... more
It depends. In some places it's customary for the seller to pay for the owners title policy but not the lender policy. In real estate just about everything is negotiable.
The title insurance policy is for the buyer and/or their lender. The buyer can opt to ask the seller to pay their closing costs and closing costs could include title insurance. Otherwise, buying title insurance is the responsibility of the buyer.
Reference Link: http://titlecompanies.net/... more
The question is subjective; therefore why entertain what other people think or say, another's opinion may not be anywhere near the best thing for you. If unfamiliar with the neighborhood, visit several times to get a sense of belonging and to determine if your comfort level can be reached; real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods....... more
Bank owned properties are usually sold as is. If the inspections reveal too much work for you, check out your inspections clause in your contract. Usually the attorneys will protect their clients and give you a way out, should the property need too many repairs.... more
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
My 1st question? Is this for you to live in or is it for an investment? I have the knowledge to assist you in knowing what would be a wise purchase. I have the design and construction back round to help you know what id required and what will be expected. Our office has a few that we ourselves have listed but can certainly gain access to a couple of others, and for that matter any property that you have a particular interest in. Thanks... more
Hello, there is a program that helps out 1 St. Time homebuyers in Mercer County, with the down payment & closing cost. Call 609 278-7908 to see if you qualify. I have an upgraded 2/2 Townhouse for sale in Lawrenceville , NJ for under $196,000.. Near 206/Rt 1.... more
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!... more