Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 85233 : Real Estate Advice

  • All34
  • Local Info1
  • Home Buying16
  • Home Selling9
  • Market Conditions1

Activity 2
Thu Jul 11, 2013
Shawn Rogers answered:
I asked our strategic partner, lender, Mr. Chase McLane at People mortgage and he said this: "they can get an FHA mortgage with 5% down and a foreclosure on their record however they cannot qualify for a conventional with 5% down until after 7 years from date of trustee sale. "
If you wish to work with the best team in town, please give us a call. We are the #1 ranked team on Trulia and several other websites. Check out the links below my signature line,
Shawn I. Rogers, REALTOR®, CSSPE - West USA Realty
Cell: 480-313-7031
Fax: 602-863-4619

... more
0 votes 7 answers Share Flag
Sun Oct 2, 2011
Gregorio Denny answered:
Most likely because you are looking at the GFE and what is listed on the GFE on page 2, box #1 is the origination fee plus lender fees such as underwriting and processing if applicable. If your origination as listed on a worksheet is $2200, this means your other lender fees would total $1125. This would not be completely out of the norm to have $1125 in lender fees on top of the origination fee. Ask your loan officer for the breakdown in a worksheet so you can see exactly what goes where. ... more
1 vote 10 answers Share Flag
Search Advice