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Hobbs : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying6
  • Home Selling3
  • Market Conditions1

Activity 16
Thu Sep 21, 2017
Jay Calhoun asked:
I was interested in the 60,000 to 80,000 dollar houses
0 votes 0 Answers Share Flag
Fri Jan 2, 2015
USMortgageRanger answered:
Thanks for your post & congratulations on your decisions to purchase a home. The first part of home buying is getting APPROVED by a Lender who has done their due diligence as to your ability to repay the loan and not cause you financial harm. We here at The Federal Savings Bank would like to introduce you to our H.E.LP.P Home Loan Purchase Program where we underwrite and approve your credit income and assets without a specific property. We will then issue a letter of commitment to lend based on the selected property meeting the underwriting guidelines. This letter lets sellers and Agents know you are serious qualified buyer and they will be more enthusiastic to work with you.

We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership. We have complete control of the entire Lending process with the ability to lend in all states.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
I look forward to working with you to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
... more
0 votes 1 answer Share Flag
Fri Nov 29, 2013
Raquel Brusuelas answered:
Since it is considered another debt/loan, you might want to get the professional opinion from a bank and see how it can or may affect you. The bank will give you advice and let you know what could happen when you do apply for a loan in the future for buying a home. Most banks do need to check your credit history and see if it okay to approve for a loan and some bank don't check credit, but it is rare. ... more
0 votes 5 answers Share Flag
Wed Aug 21, 2013
Lilliansarah69 asked:
This question was asked from…
0 votes 0 Answers Share Flag
Thu May 30, 2013
Tim Moore answered:
It will not help unless you can explain it very very well.
0 votes 1 answer Share Flag
Fri Dec 28, 2012
Leigh-Jo Anzures answered:
Hi Krista,

I believe you can. You just need to go to your My Listings section, then click on the Submit Listings button. If your home is already listed in the MLS, you can enter the MLS number and it should automatically pull all the data and photos for you.

Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 1 answer Share Flag
Mon Dec 17, 2012
jmfowler429 asked:
Fri Jul 20, 2012
James Polk answered:
August 12 is the date. Here is the calendar
0 votes 3 answers Share Flag
Mon Apr 9, 2012
Lmedina03 answered:
Thank you to everyone! Your answers are going to help me out tremendously.
1 vote 6 answers Share Flag
Thu Mar 1, 2012
Gerard Carney answered:
Go to a lending agency or a financial institution such as a bank and apply for pre-qualification and then the mystery will be solved. You will not only know if they will lend to you but how much they would be willing to lend so you can start looking at houses in that price range! ... more
0 votes 4 answers Share Flag
Wed Feb 23, 2011
Jayne Combs answered:
There are some lenders out there still lending on lower scores. But they may require a larger down payment.

And as far as your credit score difference? I have seen as much as 100 point difference. That is because there are three different modules that credit scores are determined on. One is the consumer aspect (credit cards), which is the one you get online, auto loans, and mortgage loans. They all 3 have different things that are more important then the others. So you could possibly have different scores on all 3.

Just work on establishing your credit, lower your balances, and pay on time and your score will rise. Don't close any accounts or open any more unless you don't have at least 3 tradelines. Be sure to keep copies of your rent payment cancelled checks or bank statements to show timely rent payments.

Hope this helps!
... more
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Tue Dec 28, 2010
Disgusted answered:
Thu Oct 28, 2010
Leeron asked:
Sat Feb 13, 2010
Hi Yoda,

It will depend on a coupl of things.

1) What chapter did you file, 7 or 13?
2) When was it discharged?
3) What type of mortgage do you need/want - FHA, VA, USDA and Conventional all have different guidelines/requirements.
4) Have you re-established your credit, meaning have you opened new accounts or were you able to pull through any accounts when you filed?
5) Have you made your payments on time since the discharge?

There is a lot more to qualifying for a mortgage but it seems like your question is specific to the bankruptcy so I'm just going to stick with that.

The best thing for you to do is have a mortgage banker/broker pull a copy of your credit and go over it with you. Once your credit has been reviewed, the lender can either -pre-approve you or tell you what you need to do to get approved.

By the way, it looks like most of Lea County is eligible for the no money down USDA mortgage.

Feel free to contact me if you need more information or help.

... more
1 vote 2 answers Share Flag
Wed Sep 9, 2009
Bigwill asked:
Thu Oct 11, 2007
Ute Ferdig answered:
Robert, all lenders will require a full fledged appraisal before they give you a loan. It sounds like the property that you are considering is not yet on the market since you are asking if your request for the seller to pay for the appraisal would cause the asking price to go up. I could see that you are offering more with the understanding that the seller pay for the appraisal. Everything is negotiable. It all depends on how you approach it. I just don't think that the seller will agree to pay for the appraisal solely because you can't afford it. If I were a seller and a buyer asked me to pay for the appraisal because he can't afford the appraisal I would run the other way. Please don't take offense to that. I am just telling you the truth. ... more
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