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Home Buying in Sherwood : Real Estate Advice

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  • Home Buying7
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Activity 8
Tue Sep 20, 2016
answered:
Hi Victoria,

FHA charges an Upfront Mortgage Insurance Premium of 1.75% of your loan amount which is financed on top of your loan. In addition, FHA requires annual mortgage insurance which is broken down to 12 monthly installments and collected with each payment just like your taxes & insurance.

I would have to see an estimate of your closing costs from the lender to tell whether or not you're charged twice for the FHA Upfront Mortgage Insurance Premium.

I would be happy to give you a second opinion.

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
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
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0 votes 1 answer Share Flag
Fri Aug 28, 2015
Amelia Robinette answered:
Sounds like your agent may have skipped the final walkthrough step of the process. You should have had an opportunity to review the repairs before closing, and signed off on them before you completed the transaction.

Would you go back and fix items after you sold a property? Probably not.

The sellers did what they thought they were contractually obligated to do, unfortunately, your agent didn't represent you well enough to be detailed and do a post repair inspection. You continue to get bad advice from your agent. Call his/her broker and see what advice they have. You'll probably need to engage an attorney to review the contract with the seller, and your contract with the agent to see if you have any recourse.

IMO, an agent telling you to contact a seller and threaten to sue is ridiculous advice.

For anyone else reading, when you're negotiating home inspection items, be specific. Do not use the phrase "refer to report", it's too open for interpretation.

So sorry you had a bad experience, best of luck to you.
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0 votes 1 answer Share Flag
Thu Apr 17, 2014
Lucinda Hage answered:
The bank wont usually work with an individual buyer. In my experience a buyer will need to wait until they list it on the market unless you can get the owner of record to with their bank and let them know there is a buyer interested. Not much I have heard of that you can do to speed it up. ... more
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Wed Apr 3, 2013
Shawn Yu answered:
I think you can do all if you co-sign with the in-laws or make a LLC. I assume your in-laws are getting an investment loan rather than a primary residency based on your intention, LLC may make better sense and I'd like to guide you to a couple of local attorneys who can go over the options with you. ... more
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Mon Mar 25, 2013
Lana Lavenbarg answered:
I dont think I can help - your question didnt get posted properly. Can you get back on and finish what you were trying to say?
0 votes 2 answers Share Flag
Wed Nov 7, 2012
Jason & Amber Gardner answered:
Mckayla, the very best place to start is by contacting a local Realtor that specializes in the area where the home is located and have interest in. It looks like you're in the Sherwood area where we (The Gardner Team) live and serve. We'd be happy to run a comparative market analysis on the neighborhood or area the property is located in and share our extensive experience to help you achieve the results you're after.

Sincerely,

Jason and Amber Gardner
971-832-1234
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1 vote 11 answers Share Flag
Mon Dec 6, 2010
James White answered:
Bottom-line Meghan, Manufactured Homes will not appreciate in value. In a prior position I worked for a manufactured lender. If you place or buy a home in a manufactured park most times it doesn't come out in your favor. If you buy one attached to land the odds are better in your favor for appreciation (many factors to consider). Better yet, a stick built home will retain more value. No one can guarantee future value, but if you buy right today you should be happy with the future appreciation. All this being said, how long do you plan to live in this new home? It matters, if your plans call for a move in 5-7 years than I would not buy a manufactured home at all! If you're not going to move for 15-20 years than it may be OK (factors). If you would like to receive a report on what homes in the area you're looking are selling for visit my site and you'll be given information right away. Good Luck, and if I can help give me a call 503-278-5334. http://libertyfirstrealty.com/areahomesales ... more
0 votes 7 answers Share Flag
Mon Dec 6, 2010
Kris Simpson answered:
Meghan
I spoke to USDA - the home does have to be NEW, on land that you own or are purchasing, and the home must be purchased from an accredited dealer that can offer USDA financing. The home also has to be detitled and placed on a permanent foundation.

They are emailed me a list of accepted dealers that you can purchase from if you are interested in it.

Kris Simpson
A Group Real Estate
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