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Financing in Denton : Real Estate Advice

  • All150
  • Local Info9
  • Home Buying49
  • Home Selling1
  • Market Conditions7

Activity 3
Mon Feb 6, 2017
answered:
What does your contract say?
Usually there should be some provision.

Not sure what your agreement is, but in a mortgage situation, a lender probably couldn't foreclose on the property, however they would have the right to force-place coverage on the home and bill the buyer. Typically forced-coverage is way more expensive than coverage that you pick on your own, so that is usually a deterrent

You don't want coverage lapsing for even a day, because if something happens then you might be up $hit's creek. So time is of the essence to contact the buyer and, if necessary, take action to get it insured.
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Sat Jul 7, 2012
Don Groff answered:
You can go to the USDA.gov website to see what areas qualify. Most lenders want you to have at least a 640 credit score for USDA. May be able to find lower but I would just find a lender to help you work on your credit and make sure it's improving and not getting worse.

Best of luck to you,

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | www.AustinListed.com
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Sun Aug 28, 2011
Mary Kathryn Clay answered:
Fairway Mortgage
Brian Wilson
3541 Teasley Lane # 200
Denton, TX 76210
Phone (940) 484-5626
Fax (940) 387-7246
Toll Free (877) 662-6638

They are awesome I have been using them for over 6 yrs now. If you need help purchasing I can help you on buy side :)
Mary Kathryn
marykclay@yahoo.com
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