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Home Buying in Altamonte Springs : Real Estate Advice

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  • Local Info3
  • Home Buying36
  • Home Selling4
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Activity 62
Fri Dec 16, 2016
answered:
Hi Kellyw96,

The only option you'll have is an FHA mortgage. Fannie Mae & Freddie Mac loans require your DTI to be under 45% but FHA will allow up to 54.99%.

Another big concern is what type of mortgage you have on your rental property & how long it's been used as a rental property.

Here's why:

If you have an FHA mortgage on your rental property, the requirements for qualifying for another FHA mortgage get a little sticky. For example: Your rental property must have at least 25% equity in it & you'll have to have an appraisal done to prove it.

The only other thing I can think of is to have another lender (like me) review your tax returns to see if the DTI really is 50%

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
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Mon Dec 12, 2016
Karen Weathers answered:
Hi Sophia,

The best person to speak with is a loan officer. Your credit may actually not be as bad as you think.
0 votes 1 answer Share Flag
Mon Mar 14, 2016
Diane Christner answered:
Consult a local FL real estate attorney with your questions. FL community property law, homesteading, etc can make buying a home before your divorce is granted a complicated process. You don't want to make an expensive mistake. ... more
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Fri Jul 3, 2015
Mark answered:
the cost to replace can vary across the country, the complexity and size of the project. My first concern is why did this happen? How old was the stucco? Mark Fowler
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Thu Jun 18, 2015
Karen Weathers answered:
That house is for sale and is active on the MLS. If you need more details, please feel free to give me a call.

Karen Weathers, REALTOR ®
Charles Rutenberg Realty
407-618-6727
0 votes 1 answer Share Flag
Fri Sep 26, 2014
Abraham Bidhendi answered:
Hi Herman:

Yes there some down payment assistant programs available for first time home buyers.

Several of my clients have used these programs and purchased their home with less than a $1000 out of their pocket.

Feel free to call, text or email me so I can get you hooked up with my lender who is specialized in down payment assistant programs to see if you can qualify for one.

In the meantime, here is the link to homes for sale in the area:
http://abidhendi.orlandopropertiesonline.com/listings/areas/29996/minprice/100000/maxprice/200000/beds/3/propertytype/SINGLE/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale/sort/price+asc/

Thanks,

Abraham Bidhendi
Top Producer Realtor with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Search Entire MLS At: http://abidhendi.orlandopropertiesonline.com/search
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
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Mon May 26, 2014
Tim Moore answered:
Then contact a local Realtor and tell them which house and they can take it from there and help you buy it.
1 vote 1 answer Share Flag
Thu Apr 10, 2014
Chris Kellom answered:
Fri Feb 7, 2014
Alex Galitsky answered:
You can use my app to find out that info in the future

http://toporlandorealty.com/mlsapp.htm

Last sale price is not as important as the value today. Are you looking to buy or sell?

Alex
... more
0 votes 6 answers Share Flag
Tue Dec 17, 2013
Keith Jean-Pierre answered:
I would suggest you try the regular rental sites:

http://www.craigslist.com
http://www.apartments.com
http://www.trulia.com (Rentals Section)
http://www.zillow.com (Rentals Section)
http://www.realtor.com (Rentals Section)

Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!
... more
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Mon Dec 2, 2013
Eric Soto and Mario Zendeli answered:
Hello there. Do you mean Brantley Terrace Condos on Lake Lotus? If so the HOA fee is about $350/ mo. Hope that helps.
0 votes 1 answer Share Flag
Wed Nov 13, 2013
Mike Kouchak answered:
i have a good looking one coming up in the springs in longwood. would that interest them by any chance? it's a 3/2 over 1700 sqft.
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Mon Oct 14, 2013
Abraham Bidhendi answered:
Hi There:

The HOA is $319 /Month. This is a nice and peaceful community. Below is the link to similar condos in the area:

http://abidhendi.orlandopropertiesonline.com/listings/propertytype/CONDO/minprice/40000/maxprice/100000/beds/3/areas/29996/sort/price+asc/

Hope this helps and let me know if you have any questions.

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
0 votes 2 answers Share Flag
Mon Oct 14, 2013
Abraham Bidhendi answered:
Hi There:

The HOA is $268/Month. This is a nice and peaceful community. Below is the link to similar condos in the area:

http://abidhendi.orlandopropertiesonline.com/listings/propertytype/CONDO/minprice/40000/maxprice/100000/beds/3/areas/29996/sort/price+asc/

Hope this helps and let me know if you have any questions.

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
0 votes 2 answers Share Flag
Fri Sep 13, 2013
Abraham Bidhendi answered:
Hi There:

Below is the link to all the vacant lands for sale in 32701:

http://abidhendi.orlandopropertiesonline.com/listings/areas/29996/propertytype/LAND/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale/

Feel free to use my website to be able to search lands, homes,...

Thanks and I look forward to hearing from you.

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
0 votes 3 answers Share Flag
Fri Aug 9, 2013
Abraham Bidhendi answered:
Hi there:

Which property are you referring to?

Thanks,

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
... more
0 votes 1 answer Share Flag
Mon Aug 5, 2013
Rich Homer answered:
Engage a local Broker Realtor for help, don't delay as you will not find a suitable property without one. www.NaplesRealEstateGuys.com
0 votes 1 answer Share Flag
Fri Jul 19, 2013
Christina Rordam answered:
Hey Patti! 10 yr real estate pro and Altamonte Springs resident here. How did your search go? I work with cash buyers large and small and agree with the answers below. Always inspect, and yes, you can close almost right away if there are no title issues but most often sellers like 1 week or 2 to prepare. If by chance you are still in the market feel free to contact me at the link below. Cheers! ... more
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Thu Jul 4, 2013
Deanna Crawford answered:
Congrats to you on looking to become a first time homeowner! It's so exciting and frightening all at the same time. There are many factors that go into the loan qualification. Credit score is one factor however a lender will also look at your credit history, debt to income ratio, and salary. There are options to only put one of you on the loan if both of you don't have the credit scores needed. Things you can do now to help establish your score would be to pay all of your bills on time, don't make any new large purchases, and try not to have too many people run your credit as this takes points off your score. I see you are in Seminole County. There are programs opening now for down payment assistance. If you have more questions or need an excellent lender let me know. I happen to have one! ... more
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