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62040 : Real Estate Advice

  • All22
  • Local Info0
  • Home Buying16
  • Home Selling2
  • Market Conditions0

Activity 21
Sun Nov 5, 2017
Frank S. answered:
Hello Chandlerchrissie, what issues do you have with your credit and what are your fico scores? Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may consider 3.5% down FHA from a minimum 580 fico score and lower scores between 500-579 with 10% down FHA. You may have collections and still qualify FHA and medical collections do not even count.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation to provide to a lender for a pre-approval letter. Check out the web reference link below whom lends in IL.
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Sat Oct 22, 2016
Smpinkas666 asked:
Mon Aug 22, 2016
Jhozian17 asked:
I have seen red tagged on houses and I would like to find them online. Is there away?
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Thu Apr 28, 2016
Jlong1004 asked:
I recently purchased a home with an unfinished basement (about 625 sq ft). My appraised value on the home was only $66,000 and I paid $65,000. I've found my home listed on several sites…
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Wed Feb 24, 2016
Emcgraw answered:
It really depends on the Neighborhood anywhere from $650 to $1300 .
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Fri Sep 11, 2015
Amelia Robinette answered:
Prices for home inspections in my area start at $450 and go up to $1000 depending on square footage and complexity of the inspection.
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Wed Jul 22, 2015
Noah Seidenberg answered:
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Sat May 9, 2015
Richardlayton asked:
Thu Jan 15, 2015
Jeri Patrick answered:
I would contact a local lender and speak with them regarding getting pre-approved with a co-signer. I wish you the best of luck.
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Thu Oct 9, 2014
Jeff Nobleza answered:
One needs to be able to learn to crawl before they can walk....

As stated below, it is recommended you work on putting money in your bank account and working on that credit score.

I wish you the best of luck.
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Wed Mar 12, 2014
Mike Kirksey answered:
You will have a very hard time getting a loan for at least 2-3 years depending on loan type. The best thing you can do is work on rebuilding your credit and saving for a substantial down payment ... more
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Wed Mar 12, 2014
Mike Kirksey answered:
Patty, You can take classes online or several of the brokerages in the are have classes. Also you might want to contact the Greater Gateway Association of Realtors in Edwardsville for more info. ... more
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Wed Sep 18, 2013
Brian Nguyen answered:
There is usually a 2-year wait period after a short sale that a borrower must wait in order to obtain another loan. Luckily, I believe your situation may qualify for certain circumstances that will allow you to get a loan in a shorter time period. If the short sale was due to job relocation, or there are other compensating factors and strengths to the file, lenders like myself can get you a loan. I would recommend speaking to a lender and telling them your situation and financial details. If the short sale was due to job relocation, or there are other compensating factors and strengths to the file, we have an investor for your loan. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 ... more
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Thu Sep 12, 2013
Randall Yates answered:
Run... Sounds like a scam to me your either pre approved or your not, if you were the last thing a lender would do is "fix your credit" and pile up disputes..
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Sun Aug 4, 2013
rboyle answered:
Good Afternoon, Bobbie. My name is Robert Boyle, and I run a company, Justine PETERSEN (JP) ( which assists individuals to build assets through home purchase, small business lending and Credit Building. Please feel free to contact me at: for more information on how simple it is to begin and to raise a credit score. JP just opened a Granite City office so give me a buzz.
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Mon Sep 17, 2012
Hi Missmissy,

Try taking a look at different mortgage options.

For example: If you can buy/live on the out skirts of Granite City, like Maryville or Troy, check out the no money down USDA mortgage.

One of the best things about this mortgage is the monthly mortgage insurance is substantially less than an FHA or conventional mortgage and that's with no money down.

Here's an example: An FHA mortgage of $200,000 is going to have a monthly mortgage insurance payment of $208 but on a USDA mortgage it's only going to add $67 to your monthly payment so by switching to a USDA mortgage you could increase buying power.

The other nice thing is you can actually roll your closing costs into the loan as long as the appraised value supports it.

Please feel free to contact me for more information or help. You can also find info on my USDA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
ENG Lending
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Wed May 2, 2012
You should begin by finding out exactly what went wrong with your paperwork. There is no set time frame for when you can re-apply for a new loan. If you'd like I can take a look at scenario for you to find out what exactly where you stand and possibly give you some advice on what you can do to get approved.

Cecelia Marlow
The Federal Savings Bank
Mortgage Banker
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Tue Nov 8, 2011
JustThe4ofUs1111 answered:
Fri Aug 5, 2011
Nancy Milton Holtzscher answered:
The general rule is three years with extenuating circumstances such as illness, job loss, etc. However, check with a good, local lender to get their input. Also make sure you're keeping the rest of your credit clean by making payments on time, etc. Best of luck with your plans. ... more
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