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Greenville : Real Estate Advice

  • All23
  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 14
Mon May 11, 2015
Tony Grech answered:
No the 401k is not going to hurt you. It's not counted as a "liquid" asset, so it's treated differently than say, a savings account.

You'll be good to go with respect to that.

Good luck with your purchase! ... more
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Tue Jan 20, 2015
Tina Lam answered:
Sat Nov 8, 2014
Andreskyrebecca answered:
if you break it into two units you could get $400 to 500 a month from each unit that seems to be about what everyone i know in Greenville pays for rent for 2 or 3 bedrooms. If you rented it as just one unit (whole house) you could get 750- 850 a month but being in a college town means finding people who can afford that much can be super tough. ... more
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Mon Mar 3, 2014
Anna M Brocco answered:
If you are considering a move to the area, why not revisit more than once and check out all that's important to you, see all firsthand--that way an informed decision can be made...
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Thu Feb 27, 2014
mari.cramer asked:
Fri Apr 12, 2013
Melissa Goss answered:
It is unlikely with this score. If you do find a lender, they are going to tack on a higher interest rate than if you had a more decent score.

You can fix this score in 6 months to a year if you just pay off any outstanding debt, and have at least 2 revolving credit cards in good standing. ... more
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Thu Sep 27, 2012
Trevor Curran answered:
Good afternoon Linda,

If you have BAD credit it is unlikely you could be approved for mortgage financing at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams.

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
... more
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Wed Jun 6, 2012
T Brown asked:
I've been searching for months now for a house to rent for me and my family of 4. What I'm looking for is simple, a 3bdrm house in Reynolds - Greenville - Sharpsville School Districts in…
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Fri May 13, 2011
Anna M Brocco answered:
Without much information, consider consulting with an attorney, he/she can best advise...
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Tue Mar 15, 2011
Sheila Yeary answered:
I have one house that could fit that criteria. Location in Pottstown. Approximate sale price $315,000. Approximate Rent price $2000 per month. Let me know if you have any serious interest. ... more
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Tue Feb 1, 2011
Tara L. Dieringer answered:
There may be another loan option available to you, depending on the location of the property you are purchasing. USDA Guaranteed financing is a $0 down home loan program that is designed for low-to-moderate income families that can't obtain "traditional" financing (i.e. FHA, VA or Conventional). These loans actually offer 103% financing (the additional 3% is the funding fee associated with the loan). Another great advantage to this type of loan is that there is no MI (Mortgage Insurance) requirement! Minimum FICO score is 640. There are also no reserve requirements, but the DTI(Debt-to-Income) must remain below 43%. If you have a lot of debt, you could use the $10,000 to pay down your debt in order to reach the DTI requirement.

What's the catch? Here are some of the eligibility guidelines:

The property must be located in a "rural area" (usually a population of less than 20,000 people). To find out if the property you are purchasing is eligible for USDA Financing, visit this webpage:

There are also income limits for this type of loan. To find out if your income is eligible for this type of program, visit this webpage:
... more
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Mon Jul 5, 2010
Scott Godzyk answered:
Leane were you working directkly with teh listing agent? If not check the house, there should be a notice posted or who is taking care of and/or listing the house. contatc them direct. They will have answers and should be able to guide you through buying this house. you can contact Deutsche bank direct, teh use asset management companies to sell their homes, they do not do it directly. Unfortanately they use mor ethan 1 so it is impossible to guess which one if there is not a notice posted on who to contact ... more
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Sun Mar 21, 2010
Chad Bahnsen answered:
USDA (US dept of Agrigulture) and VA loans have 100% financing. However, FHA is the most popular program right now and this program requires 3.5% down. Remember, when you buy a home you may have to pay for miscellaneous items associatied with a home, any repairs, utilities, furniture, etc. If you don't have much money saved you may want to wait before you jump into owning. How is your credit? Do you have stable income? How much money do you have saved? What is your reason for wanting to put so little down? Consult a mortgage professional in order to find out if you are pre approved and for how much, etc. Good luck! Chad ... more
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