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06339 : Real Estate Advice

  • All5
  • Local Info1
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 5
Mon Feb 6, 2017
There is no restriction saying you can't get an FHA loan with also having a VA loan as well. You just can't generally have 2 VA loans or 2 FHA loans outstanding at the same time.

However, you would need to qualify for the new loan AND the existing loan payments, along with all your other debts. And unless you have 25% or more equity in the VA home and are moving at least 100 miles away, rental income from the VA home cannot be used/considered when qualifying for the new home.

If you can qualify for another home considering those factors, then nothing keeping you from pursuing a single family home for yourselves using the FHA purchase program. Hope this helps! Let me know if you could use assistance getting pre-approved!
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Thu Dec 31, 2015
Diana Hellman answered:
Agents post on Trulia although others can post on Zillow. I'm not sure whether it is shown on both websites now that they are owned by Zillow. Most established real estate agencies automatically market on all the major websites. ... more
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Mon Feb 16, 2015
Heather Crabtree answered:
Hi Pamela,

It is possible to buy using CHFAdap where essential you can buy for 0% down..... the program does have income restrictions though... you can look for rent to own but you will probabaly pay more for rent than your mortgage ...
you can call me at 203-558-7720 I would be more than happy to try to help you
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Wed Apr 28, 2010
Dan Chase answered:
The town sets up a budget. (as an example consider the following) They need $1,000,000 to run. They have 1,000 houses in the town all identical and worth the same amount.

If each house would sell for $10,000 they will have to pay $1,000 to fund the town.
If each house was worth $1,000,000 they will each have to pay $1,000 to fund the town.

The mil rate will almost certainly drop only after house prices rise enough to allow the town to take the same amount of money based on a higher house value. It makes no sense to think otherwise.

Even if the mil rate drops expect (in real life) taxes ($$$) paid to go up. There is no way to avoid it unless more expensive property comes into town without adding to town expenses.
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Mon Apr 12, 2010
Jan asked:
buyers to pay each year or is it every six months in Ledyard? Thanks for you honest answers here.
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