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Home Buying in 73162 : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling4
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Activity 7
Tue Mar 28, 2017
Trucqnguyen asked:
Sat Jun 25, 2016
Evagail answered:
FHA allows for borrowers with scores as low as 500 to qualify. We have offered programs like these for years. Now there is a difference between having a 500 or a 580 score and that can be seen with the amount of down payment that is required. Typically it is 10%. Also be sure to note that starting 2014 borrowers with scores under 620 and debt to income ratios are over 43% will now be required to pass manual underwriting. This simply means that you will want to have compensating factors. Factors such as length of employment, assets, solid 12 month payment history, etc. http://www.hud.gov/

Click here for more information: http://fhamortgageinfo.com/
... more
21 votes 19 answers Share Flag
Tue Feb 23, 2016
Michelle Theodoseau answered:
Hello, to answer your question, you would highly benefit from being connected to a top agent in your immediate area who is knowledgeable about available programs to buyers. If you would like, I am happy to work withe my team at Park Place Realty to connect you to an agent in your area who can walk you through the process. Thank you and have a wonderful day! Feel free to contact me via the link below, I will respond promptly. ... more
0 votes 1 answer Share Flag
Mon Jun 22, 2015
Melissa Dana answered:
Check with your lender. Likely it would work out depending on employment history and what type of debt you have to work with.
0 votes 5 answers Share Flag
Mon Jun 15, 2015
Melissa Dana answered:
For FHA your down payment is nothing less than 3.5%. Depending on location, if its a rural area it may qualify for USDA.

There are other costs to remember as well. Home inspection, termite inspection and your closing costs are all additional to the down payment. ... more
0 votes 4 answers Share Flag
Wed Nov 12, 2014
Josh Barnett answered:
Which lender did you end up using, was the process smooth, would you recommend this lender to others?
0 votes 4 answers Share Flag
Wed Jan 22, 2014
Josh Barnett answered:
lk4home: "NO JOSH, HAVE MADE OVER 80k IN IMPROVEMENTS OVER THE YEARS.. DON'T EXPECT TO GET THAT BACK, BUT JUST A SMALL PERCENTAGE OVER MARKET."

Response: If the seller is unwilling to negotiate list price, why should an agent want to negotiate fees? Is the seller going to be paying more than typical, especially since the seller does not want to list below market. ... more
2 votes 6 answers Share Flag
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