Trulia Community - Advice from neighbors and local experts

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

Home Buying in Greenbelt : Real Estate Advice

  • All34
  • Local Info6
  • Home Buying8
  • Home Selling4
  • Market Conditions5

Activity 14
Fri Mar 24, 2017
Oliverilaw answered:
Ask your lender or your lawyer!!!! None of us have access to the facts or the paperwork so why in the world would you rely on anonymous, uninformed advice?
2 votes 8 answers Share Flag
Thu Mar 23, 2017
Malcolm Lawson answered:
Probably not. You will have to read your lease though. You may be obligated to continue paying the rent throughout the lease term weather you are living there or not. I have seen some leases that you have to continue paying until they get a new tenant in there. Have to read your lease.

My blog
... more
0 votes 1 answer Share Flag
Wed May 20, 2015
tamiwatkins1 asked:
Please contact me if you are an approved lender for homes in Historic Greenbelt. I'm very interested in buying in March 2016 and realize I should start the credit counseling and pre-approval…
0 votes 0 Answers Share Flag
Sat Sep 13, 2014
Anna M Brocco answered:
Why not simply visit with any licensed loan officer and explore your options, that way you will be financially prepared when you are ready to purchase; in addition be aware that when you are ready to buy, a mortgage pre approval letter is necessary to determine your price range and for any offers to be taken seriously. ... more
2 votes 3 answers Share Flag
Tue Aug 12, 2014
Jim Olive answered:
I've lived in both. RI had better (less liberal) politics and taxes. Mass had more choices (obviously, it's a MUCH bigger state). As cities go, I like Boston MUCH more than Providence. More quaint coastline towns in RI. Love Newport, Jamestown and Bristol. I'd have to go with RI. Best of luck... ... more
0 votes 1 answer Share Flag
Fri Jan 17, 2014
Ocie Uptown Gibson answered:
sparkette my company buys houses and specialize in buying them and remodeling them.

give me a call at 301-660-3BUY I buy all cash and can close quickly

or visit my website ... more
0 votes 4 answers Share Flag
Tue Jan 7, 2014
Robert Hanson answered:
You should be ok for FHA if you meet re-established credit guidelines. Your credit report needs to be analyzed by an experienced lender.

Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549
Cell: 301-651-7822
NMLS# 695929

Rate quote or live chat with me at the link below:
... more
0 votes 11 answers Share Flag
Sun Nov 17, 2013
Akil Walker answered:
Hello Tameka,

Most lenders will not approve 550 score for a mortgage loan but If you are interested in obtaining one. I can get you in touch with someone that can assist you with the information to improve it, so you could ready to purchase sooner than you might think. ... more
0 votes 2 answers Share Flag
Fri Nov 1, 2013
Brian Nguyen answered:
What is you exact credit score? As long as you are above 580, then you will have a chance at getting a loan for a house. There are a few different types of loan products you can look at depending on your situation. They can require a 3.5% down payment or a 10%-20% down payment depending on the loan you choose. Your ability to get a loan also depends on other factors as well. These factors include your income, expenses, assets, liabilities, debt, down payment, employment, as well as credit score. The best thing for you to do is to speak with a lender directly. Lenders like myself would be glad to speak with you to help you get the loan that you need. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 ... more
0 votes 8 answers Share Flag
Sun Nov 18, 2012
Akil Walker answered:
Hi Glory,

This one is not, but I can find you some other ones. let me know
0 votes 4 answers Share Flag
Sun Sep 23, 2012
Maria Cipollone answered:
Lower your revolving debts and always pay on time to achieve the best credit score possible and the lowest rate on the mortgage. Contact a reliable mortgage broker, they normally work with several banks and private lenders that have different programs to suit almost everybody financial needs.

Good Luck,

Maria E. Cipollone
... more
1 vote 4 answers Share Flag
Sun Sep 23, 2012
Richard Cantwell answered:
You might need to get GHI's permission but I know of plenty of folks that rent rooms in their GHIs
If you have further questions please feel free to contact me directly.

0 votes 2 answers Share Flag
Thu Aug 2, 2012
Shannon French answered:
Hi Me Me,

There are many posts about rent-to-own (aka Lease with an Option to Buy) on Trulia, so you may want to search around, see many of the other answers we have on our profile, and visit our frequently asked questions page on our website at

Rent-To-Own can be a wonderful win-win solution for everyone involved! We have done over 400 successful lease-option transactions for third parties, and the majority of our tenant-buyers have purchased the home they were in within 9-18 months.

It's just like any service out there. There are good reputable companies that do rent-to-own, and many that have no idea what they are doing. It seems everyone has their own idea of how it should work. Just make sure you don't pay any fees upfront (unless someone may want to check your credit and provide you with your credit report), and that you don't wire any money (especially via Trans Union or to anyone overseas!).

For our rent-to-own clients, there is a down payment/option fee required upfront, plus first months' rent. The down payment is typically in the 3%-6% of the purchase price of the home, and is not refundable, but counts 100% towards the purchase price.

Therefore, before you ever enter into any contract/lease, you want to talk with a lender or mortgage broker to first make sure you will be able to purchase the home on/before the terms expire (typically 12-36 months). Check the comps (comparable sales) to make sure you are not paying more than market price for the home. Also, have an attorney review the paperwork before signing.

As for rent credits, the seller may or may not be offering them. Generally speaking rent credits in the 10%-20% of the monthly rent make sense. Be cautious of advertisements with huge rent credits, as the price of the house may be more than the comps support and/or the rent may be much higher than market rents. Remember a seller typically needs to have some equity in the home to offer rent credits.

You will want to consider the pros and cons of just renting until you can purchase a home (e.g., will you potentially qualify for a loan in the near future 3-9 months), renting to own (i.e., you need 12 months or more to qualify for a loan), and buying outright (you may be surprised and can purchase sooner than you think). A mortgage broker or lender will be able to tell you how long you will need before you may qualify for a bank loan and how much you will potentially be able to afford (i.e., the monthly amount which relates to how much home you can afford).

We only suggest you rent-to-own if you absolutely want to purchase the home you are considering. Otherwise, you will lose your down payment/option fee.

Again, we have a frequently asked questions page on our website at Please check that out for more information.
... more
1 vote 3 answers Share Flag
Search Advice
Home Buying in Greenbelt Zip Codes