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Financing in Huntsville : Real Estate Advice

  • All178
  • Local Info28
  • Home Buying52
  • Home Selling8
  • Market Conditions9

Activity 5
Thu May 14, 2015
jklkjk kj answered:
I have lots of resources that will be able to help you guys.

Give me a call at 256-701-4636 and I will help you with you scores and help you find a home.

Thank you.
0 votes 1 answer Share Flag
Wed Sep 18, 2013
Ken Edwards answered:
Holy cow yes! I have been in the loan process for more then two months..three extensions.... five lenders later all of them have waited till the last moment and said: due to the unique nature of the property and no comps available we must reject your loan... the VA apraisal came back 45k higher than the purchase price, but still no bank wants the finance.. I also live in a RURAL area and we have a diverse selection of customs homes. It seems like the banks only want to lend on a house in a cookie cutter development where they can turn the house if the buyer defaults... i dont understand... If there is a bank out there that will lend on a VA loan with a unique design i want to know ... more
0 votes 6 answers Share Flag
Fri Dec 14, 2012
answered:
No, all mortgage underwriting guidelines will not allow any late mortgage payments in the last 12 months. All mortgages the borrower has must be paid on time for a minimum of 12 months. Should there be a 120+ day late, then that is treated like a foreclosure and a waiting period of at least 36+ months would then apply.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 2 answers Share Flag
Mon Jun 27, 2011
answered:
If you were denied because of credit history, then you need to find out from the lender exactly what about it that was not acceptable. It is very possible to currnelty have no outstanding debt, yet have other derogataory history that is not acceptable.

It sounds like you are applying for a construction loan. In today's market, those can be much more difficult to obtain that a regualr mortgage due to teh increaed risk.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Junper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream
... more
0 votes 1 answer Share Flag
Sat Nov 13, 2010
Jeffrey L Garvin answered:
Mortgage Banc (non-depository) within compliance of H.E.R.A. guidelines can determine eligibility,
Until otherwise informed all Mortgage Banks (despository) ie; bailout .banks
I suggest submit your inquirey to the FTC, or RESPA entity ... more
0 votes 2 answers Share Flag
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