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Home Buying in Killeen : Real Estate Advice

  • All238
  • Local Info28
  • Home Buying61
  • Home Selling17
  • Market Conditions10

Activity 61
Mon Aug 14, 2017
Classaction148 answered:
If anyone feels you have been wronged by Majestic Homes please email me at classaction148@yahoo.com
0 votes 5 answers Share Flag
Fri Aug 11, 2017
Nursekat1950 answered:
Can I use my Va home loan anytime or does it run out?i
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Thu May 18, 2017
Kathy Burgreen answered:
You need to learn that owner occupied housing means the home needs to be "a REASONABLE DISTANCE" from your job. This means no more than 1 - 2 hours driving distance - not 4 hours. The lender is correct. If this home is 4 hours away, you are buying as investors and you need at least a 10 - 20% down payment.

The best solution is to SACRIFICE or compromise! Instead of buying a house, buy a condo instead. You will live much closer to your job and it will be affordable. You're nuts to buy a primary home 4 hours away. You will regret it.
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Thu Sep 22, 2016
answered:
Hi Julie,

Thank you for your service.

As long as you have enough entitlement left under the bonus or 2nd tier entitlement, you should be able to get a new VA mortgage without a down payment.

The other great thing about going with a VA mortgage is it allows me to count the rental income from your other property to offset that mortgage payment and that's going to lower your debt ratios. The ability to count the rental income comes down to whether or not a lender follows the VA guidelines or do they add their own requirements or overlays to them. In my case we follow the VA guidelines. The other

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
(877)228-9069
NMLS# 787231
http://www.trulia.com/profile/john-burke-mortgage-broker-or-lender-austin-tx-993995/reviews
... more
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Wed Sep 21, 2016
Prosper Realty answered:
FHA 203k loans are excellent opportunities to get a home cheap that needs some work done to it. I know personally some of our clients have gone through Home Loans For All for 203k loans as well as VA loans. They have direct access to a massive network of lenders and quite a few lenders that specialize in helping people with challenged credit. I'll include a link to their website.

Best of luck!
... more
0 votes 4 answers Share Flag
Tue Sep 6, 2016
TENNISPROHOUSESELLER answered:
Perhaps, you can take a look at Inzopa. According to their data, VA loans in TX have been done for consumers who have credit scores from 533-809. I believe 580 is currently the minimum, but most lenders will help you with your credit score so that you can get into a home. You should be able to get pre-approved with a little bit of credit repair.

Source: https://www.inzopa.com/s/texas-mortgage-brokers-for-veterans
... more
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Wed Apr 20, 2016
Susie Kay answered:
It's best to consult with the local police department for the most updated and accurate crime info.
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Fri Mar 11, 2016
Milagros Annessi asked:
Sat Aug 15, 2015
Joshua Marriott answered:
Yes there are multiple down payment assistance programs. They vary based on your needs & credit score.
0 votes 1 answer Share Flag
Tue Nov 25, 2014
Jackie Morrison asked:
Sun Nov 23, 2014
Anna M Brocco answered:
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made. ... more
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Tue Oct 28, 2014
Don Tepper answered:
Very low. And your credit score indicates that you may have unresolved financial issues. Clean those up before making a commitment to buy a house.
0 votes 1 answer Share Flag
Thu Oct 23, 2014
answered:
Hi Sfclwilliams,

Thank you for your service.

VA assumable loan means you assume the existing VA mortgage without a change in it's terms. For example: If the current VA mortgage is a 15 year fixed loan at 6% you would assume the mortgage with the exact same terms. Yes, credit is a concern for VA assumable loans as you are required to qualify based on the lender's guidelines.

I can do VA mortgages down to a 580 score so if your credit is the primary reason why you're limiting yourself to looking for a home with a VA assumable mortgage, you probably don't need to.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
(877)228-9069
NMLS# 787231
http://www.trulia.com/profile/john-burke-mortgage-broker-or-lender-austin-tx-993995/reviews
... more
0 votes 1 answer Share Flag
Sat Aug 23, 2014
James Wehner answered:
0 votes 2 answers Share Flag
Fri Aug 15, 2014
Mike answered:
Maybe you should reconsider buying if you don't have a down payment. The cost of ownership is higher than just the monthly payment, and many don't realize that until a pipe breaks under the house or the roof needs replacing and it's not covered by insurance.

Also, the money to buy the house is more than just your down payment. You have to have your down payment in addition to various fees and costs that you will be paying at closing. If you find a zero-down program, you still have to have the fees and costs for closing.
... more
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Wed Jun 11, 2014
Urbon Thompson asked:
I've talked to the housing agent at Lennar and after all was said and one and I priced out a house, it seemed like a bunch of fees were being tacked on, things like 4000 dollars for garage…
0 votes 0 Answers Share Flag
Wed Dec 11, 2013
Terry Bell answered:
Having rental property can be a good investment and/or income, but it is also a responsibility that many people are not up to. There are many tax issues that you should discuss with your accountant that can affect your future selling of the property if you change your mind. I suggest that you consult with some property managers and your accountant first. ... more
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Mon Sep 9, 2013
Pamela Moore answered:
Greetings,

The acreage on that property is listed as 5.12acres. Let me know if there's anything else I can help you with.

Pamela Moore
Pamela@cbunited.com
0 votes 3 answers Share Flag
Thu Aug 22, 2013
Michele Isome answered:
Hi, I spoke with you last night and I just want to get a little more information from you to start your home search please call me at 245-247-4508. I have left a message on your voice mail. ... more
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