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Home Buying in Aurora : Real Estate Advice

  • All197
  • Local Info15
  • Home Buying56
  • Home Selling8
  • Market Conditions7

Activity 98
Sun Nov 5, 2017
Frank S. answered:
Hello Candace, do you not have down payment and closing costs saved? You will need to be pre-approved with a loan program to be able to meet an agent to view and submit offers.

You may consider FHA 3.5% down from a minimum 580 fico score and 3% down conventional from a minimum 620 fico score.

The purchase in 60504 zip code start from 147k for 3bd 1.5ba single family home. You should check out your qualifications and inventory available.

How much do you pay in rent currently and what is the maximum payment/price you are looking to achieve? If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to afford you can be emailed listings to fit your search criteria.

Check out the web reference link below...
... more
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Thu Aug 10, 2017
Stronghandmerch asked:
Mon Mar 27, 2017
Chuckmeyers1 asked:
Wed Mar 15, 2017
Unspecified asked:
We are looking for a NACA approved real estate agent to help us in our house hunt in the Aurora/Naperville, IL area.
0 votes 0 Answers Share Flag
Wed Jan 18, 2017
answered:
Hi Talytaly,

I can do FHA and VA loans down to a 580 score BUT you have to remember that your score is a small part of qualifying for a mortgage.
You may have the required score & still not qualify because of issues with your credit history.

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 Jan 16, 2017
Talytaly1212 asked:
Fri Dec 2, 2016
answered:
Hi Nicol,

Great question. The answer is, it depends on the lender. Some lenders will want to see that you have your down payment before they will issue you a pre-approval letter while others, like me, will give you a pre-approval letter upfront but we'll make it contingent on you securing your down payment.

You also asked another question regarding closing costs. It is very common in most markets to ask the seller to cover most, if not all, of your closing costs when you write your initial offer.

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
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Wed Sep 28, 2016
Rvgade answered:
If still in market to buy home in Aurora, call Jeff Wolschlag (630) 779-8367
0 votes 7 answers Share Flag
Thu Sep 3, 2015
elena asked:
My husband and I are on the fence. It seems like a beautiful neighborhood and well-priced homes, but I've read so many mixed reviews on the Hometown subdivision. Any advice is appreciated.
0 votes 0 Answers Share Flag
Fri May 22, 2015
djennifer009 answered:
Your seller is legally required to disclose the insurance claim. You should talk to your attorney before closing about having this looked into. You don't want to end up paying for a new roof right after moving into the house. That's something the seller's insurance should cover. http://www.jessresidentialroofing.com/copy-of-roofing ... more
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Wed May 13, 2015
Ritajains answered:
> VA Loan Pros

* Here are some of the major advantages of the VA home loan program:

* No down payment: This is such a significant benefit. Qualified borrowers in most parts of the country can purchase homes worth up to $417,000 without making a down payment. FHA loans typically require a 3.5 percent minimum down payment, and for many conventional loans it’s a 5 percent minimum. On a $175,000 home purchase, that’s a $6,125 down payment for FHA and a $8,750 for conventional.

* No private mortgage insurance (PMI): This is required for conventional borrowers who can’t put down at least 20 percent. FHA borrowers have a couple forms of mortgage insurance, one that’s paid up front at the time of purchase and another that’s paid monthly.

> VA Loan Cons

* Now here are some of the potential drawbacks of the VA loan:

* VA Funding Fee: All VA loans come with a mandatory VA Funding Fee charged by the VA. This fee goes directly to the agency and helps keep the VA home loan program running for future generations. It’s a cost you can finance into the loan, and borrowers with service-connected disabilities are exempt from paying the fee. But this isn’t something you’ll pay on a conventional loan or FHA loan.

* They’re intended for primary residences: This isn’t a loan program you can use to purchase a second home or an investment property.

Reference Link: http://vastreamlinemortgage.net/
... more
2 votes 9 answers Share Flag
Sat Apr 4, 2015
Dan Tabit answered:
Monica,
Welcome to Trulia. Great subject for a blog, but not appropriate for Q&A. While this forum is in rough shape with all the spam and scams, the Q & A section is for one party to ask and others answer. Please read the community guidelines linked below.
I wish you the best of luck.
... more
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Mon Mar 30, 2015
Monica Mancano asked:
Thu Mar 19, 2015
Bob Brandt answered:
I would give it a 50/50 chance and they will still maybe want more money than what the contract says. I hope you are patient and really do not need to move.
0 votes 2 answers Share Flag
Thu Mar 5, 2015
answered:
I have a program that allows a purchase with zero seasoning (time) for a foreclosure, short sale or deed-in lieu. I can finance up to 80% loan to value with a credit score above 580. Gift funds are allowed and escrows are required. For more info contact me.
Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Office 630-427-4668
Cell 239-633-6323
e-Fax 800-863-5473
Email mdecman@ccmclending.com

To Apply: www.1ezloan.net
... more
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Sun Feb 22, 2015
answered:
http://www.nmlsconsumeraccess.org/
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Fri Jan 2, 2015
Jose Gonzalez answered:
Hi there, I have a local lender that can assist you with a loan with ITIN. Give me a call at your earliest availability to discuss the process & to provide you with the contact information.
My cell # is 630-201-5210. Thanks
... more
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Mon Nov 24, 2014
Zach Thalman answered:
I always thought you were penalized pretty bad for filing for bankruptcy already. I would have to say that your credit score would have to go down before you can buy a house. I would have to look into what type of bankruptcy it is though. because the different bankruptcies have different clauses.

Zach | http://www.phblawoffice.com/practice-areas/bankruptcy
... more
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Fri Nov 21, 2014
answered:
Juan,

I have a program that may interest you, but will require 5% down, these can be gift funds from a relative or even employer. major benefit is the required mortgage insurance is minimal compared to a FHA loan and you could avoid appraisal issues that may arise.
If this interest you give me a call.

Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Office 630-427-4668
Cell 239-633-6323
e-Fax 800-863-5473
Email mdecman@ccmclending.com

To Apply:
http://www.cherrycreekmortgage.com/mdecman
... more
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