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Financing in Houston : Real Estate Advice

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  • Home Buying1K
  • Home Selling126
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Activity 193
Sat Dec 17, 2016
Greentekfirst answered:
We've used some creative ways to acquire property using a combination of Private money and Owner Carry financing. This structure requires the seller to carry a note in 2nd position with a Private Money first (also referred to as "Hard Money)... for more information see: http://titleseach.blogspot.com/2016/12/using-hard-money-to-leverage-owner.html?m=1 ... more
0 votes 8 answers Share Flag
Mon Dec 12, 2016
Aaron Whitney answered:
IBC Mortgage offers non-warrantable condo loans up to 90% loan-to-value for owner and secondary occupancies.

Good luck!

Aaron Whitney
NMLS 1070615
512-740-0148
aaronwhitney@ibc.com ... more
0 votes 18 answers Share Flag
Tue Sep 20, 2016
Todd Bowen Title Agent answered:
The HARP loan requirements are:
Your loan must be backed by Fannie Mae or Freddie Mac.
Your current mortgage must have a note date of no later than May 31, 2009.

If those fit you, you should check out Inzopa to find the right refinance mortgage professional for your situation. They have vetted several professionals that have experience doing refinances in Texas.

https://www.inzopa.com/s/texas-mortgage-brokers-for-refinance
... more
1 vote 1 answer Share Flag
Fri Aug 26, 2016
Atxaviermartin answered:
I would suggest you to save more and wait for a little longer. Still you can consult a lender in Houston who might offer you a NO down payment loan.
0 votes 3 answers Share Flag
Fri Aug 26, 2016
Atxaviermartin answered:
Well FHA loan or a VA loan do has its own eligibility guidelines and parameters and it also depends upon lenders who provides such high value mortgages
0 votes 1 answer Share Flag
Sat Aug 13, 2016
Josh1982 answered:
all these answers are pretty much b.s. A minimum credit score for financing a pool is 640. 700 if your looking for a good interest rate. if your score is below 640 you will not be approved unless you are willing to pay extra interest and by extra i mean a lot more over the period of the loan especially if its a 20 year loan. Good Luck. ... more
0 votes 5 answers Share Flag
Sat Aug 13, 2016
Lillytena answered:
Buying land and building a new home can be an exciting experience, and if you plan to get financing you need to understand your options related to lot loans, land loans and construction loans.

What kind of loan is right for you? Even though it may seem obvious, this question does not always have a clear answer and the subject often is misunderstood by potential borrowers. It’s important to understand that these loans have unique characteristics and the lending options that are available for you will depend on factors like your personal situation, the type of property you are buying, your level of preparation and your timing for building a home. This article will provide an overview of (a) Lot and Land Loans, and (b) Home Construction Loans, to help you consider what fits your needs. A related article in this series goes into more detail about the terms for lot and land loans and another describes the terms for construction.
Web Reference: http://usaconstructionloans.com
... more
0 votes 4 answers Share Flag
Thu Jul 21, 2016
Paul answered:
Use InBedrock.com to help educate on all real costs of homeownership, including purchase price, improvements, title + HO insurance, RE taxes, mortgage financing options + after-tax implications, utility costs and eventual selling costs of 6% realtor commission + state transfer taxes. InBedrock.com provides in-depth, easy-to-understand analysis on financial decision of Buying v Renting v Investing in stocks. Find out actual # of years until break even on all costs of investing in a house vs renting. Get educated today with InBedrock.com before you make biggest investment of your lifetime. ... more
0 votes 1 answer Share Flag
Wed Jul 20, 2016
Susie Kay answered:
I would suggest that you pick up the phone and talk to a lender or two and go from there.

Best,
Susie Kay
0 votes 1 answer Share Flag
Sat Jul 9, 2016
Fink.nottle.fn asked:
Hello,
I have a question. My primary TX residence was purchased before my marriage (titled under my name only). I have a prenup that declares this property to be separate.

Question:
I…
0 votes 0 Answers Share Flag
Sun Jun 19, 2016
Atxaviermartin answered:
I can definitely suggest you a name and that is VALoansFinance.com which is into this VA loan industry for years offering credible home loan solutions to veterans with low credit scores. ... more
0 votes 3 answers Share Flag
Sun Jun 19, 2016
Tanya Warner answered:
Hi Nia,

Are you still looking to purchase your first home?

Tanya
0 votes 1 answer Share Flag
Sun Jun 19, 2016
Tanya Warner answered:
Elizabeth,
Typically, a negative balance on your bank statement will not harm your new purchase. Keep in mind, the lender will request 3 months of bank statements. They are not necessarily looking at your spending habits, they are looking to see how much money is coming into the account. They are trying to answer the question of; 'Can Elizabeth' afford this home.

When you are purchasing a home it is important to have a strong team. That team will consist of a knowledgeable Realtor, an experienced Mortgage Loan Officer and yourself, a committed home buyer.

If you would like to talk further. Feel free to call or text me at 281.736.9387, In the interim, visit my website at www.FriendsDontLetFriendsRent.com

Have a blessed day.
Tanya Warner
... more
0 votes 2 answers Share Flag
Mon May 2, 2016
Apex.loanfirms24 asked:
Apex Loan Firms now financing with Loans.

Apex Loan Firms provides financing to Small-cap, publicly traded companies and Individuals. Our mission is to add value by providing not only…
0 votes 0 Answers Share Flag
Thu Apr 14, 2016
Five Stars answered:
Here are the current requirements for 95% Jumbos in TX..

95% Loan to value: Up to $1,000,000 with 680+ credit score. Buyers can choose 1 loan up to $850,000. Or a 1st and 2nd mortgage combo up to 1 million. Both Jumbo options have no monthly PMI
90% Loan to value: Up to $1,500,000 with 720+ credit score.
85% Loan to value: Up to $3,000,000 with 740+ credit score.

Five Stars Mortgage
National Home Loan Resource
7 days week - 9am-8pm
Ph: 800-871-2636
www.FiveStarsMortgage.com
... more
0 votes 9 answers Share Flag
Thu Apr 14, 2016
Five Stars answered:
For sure -
95% Loan to value: Up to $1,000,000 with 680+ credit score. Buyers can choose 1 loan up to $850,000. Or a 1st and 2nd mortgage combo up to 1 million. Both Jumbo options have no monthly PMI
90% Loan to value: Up to $1,500,000 with 720+ credit score.
85% Loan to value: Up to $3,000,000 with 740+ credit score.

More info on 95% Texas Jumbo - http://www.fivestarsmortgage.com/blog/2016/texas-jumbo-loan-95/


Five Stars Mortgage
National Home Loan Resource
7 days week - 9am-8pm
Ph: 800-871-2636
www.FiveStarsMortgage.com
... more
0 votes 2 answers Share Flag
Fri Apr 1, 2016
Isaiah Y. answered:
We send most of our self-employed and every other client to Home Loans For All when it comes to finding a lender(s). We've been using them for almost a year now. They were a new company when we first spoke with them but we gave them a shot. We have been very impressed and we ended up doing roughly 30-35 more closes last year because we used them. They are headquartered in Dallas but they work Nationwide. I'll include a link to their website. ... more
2 votes 4 answers Share Flag
Sat Jan 2, 2016
Quinntonia Berry answered:
You can go to www.myfirsttexashome.com and find out about the down payment programs. You will need a score of at least 640 to qualify for those but there also is another program called Nehemiah that you may can qualify for if your scores are 620 or higher. They have a list of lenders you can choose from. Happy new year! ... more
0 votes 1 answer Share Flag
Tue Nov 17, 2015
Andreydro.lease0147 answered:
We are direct provider for BG/SBLC specifically for lease, at leasing price of (3 % +0. 5% + X% ) of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, & AAA Rated Banks

Our BG/SBLC Financing can help you get your project funded, financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us
with the below information.

Contact : Andrey Dorofeev
Email; andreydro.finance@gmail.com
Skype ID: andreydro.finance


Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

Thank you
Andreydro Dorofeev
BROKERS ARE WELCOME & 100% PROTECTED!!
... more
0 votes 3 answers Share Flag
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