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Home Buying in Indiana : Real Estate Advice

  • All176
  • Local Info8
  • Home Buying104
  • Home Selling15
  • Market Conditions0

Activity 1,955
Thu Oct 6, 2016
Kells2real asked:
Sun Oct 2, 2016
James Skaggs asked:
Thu Sep 29, 2016
Ness asked:
Would eliminating 11 to 16 million people from the real estate market be healthy for the continued growth or the absolute collapse for not only are economy but also our real estate values
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Thu Sep 29, 2016
answered:
Hi Damon,

You'll need to work on your scores a little bit. Most lenders require a 620 or better but a few of us will go down to a 580. There maybe some things on your credit that can be addressed to raise your scores quickly.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Mon Sep 19, 2016
Rosejudyy answered:
For a jumbo construction loan, I have not seen anything besides 20% down. I have not heard of anyone that has 10% down on a jumbo construction loan I am afraid. Hopefully you get some positive responses though. If not, I wonder if you can come up with 20% down (maybe get some gift money?), and then after settlement, get a 10% equity line to pay back whomever you borrow another 10% from? Just a thought. Good luck.
http://usaconstructionloans.com
... more
0 votes 3 answers Share Flag
Sun Sep 11, 2016
Cristina Holmes asked:
Thu Sep 8, 2016
Angelica P answered:
Hi,

We're excited you're using Trulia for your home search process. We are real estate engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the 'Buy' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'More Filters'.
5. Select 'Foreclosure'
6. Click 'Apply' button.

This will begin to pull up listings that are more tailored to what you are looking for.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Thu Sep 8, 2016
Mspacole asked:
Buying a second home the pre-approved and finance within the state where the house is being purchased
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Mon Sep 5, 2016
Verkeicher1 asked:
I would like to know more information about this location, including pricing and visit to view.

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This question was asked from this property: http://www.trulia.com/foreclosure/3168928…
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Sun Sep 4, 2016
USMortgageRanger answered:
The good luck for you is that you can go conventional with 3% down FICO of 620+ and no restriction from FHA appraisal. I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
0 votes 1 answer Share Flag
Thu Sep 1, 2016
USMortgageRanger answered:
Hi Renda,

Congratulation on your decision to purchase a home. Yes you do have the option to use any Lender in the country but keep in mind that all Lenders are not created equal. Being that some Lenders originate loans for other Banks and do not service them but charges you a premium to originate the loan and they may or may not have all the loan products that you can qualify for. Here at Wells Fargo we have an exclusive mortgage program borrowers who are looking for a small down payment and use their cash to make the home into their house by just putting down 3% on a conventional loan and 10% on a Jumbo.

I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
0 votes 1 answer Share Flag
Wed Aug 24, 2016
Invstnlfp answered:
I am state and federally licensed to write mortgages in 31 states for a top direct lender in the mortgage industry who offers conventional, FHA, VA, and USDA loans. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA loans.. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
NMLS
... more
0 votes 15 answers Share Flag
Wed Aug 24, 2016
USMortgageRanger answered:
Your best option is to draft up a sale contract to purchase the home at $120,000 as this would pay off the current mortgage including the taxes. Your loan options would be between a conventional loan with 3% down or FHA with 3.5% down and UMPI fees. You will have the option of a $43 monthly PMI with Conventional loan and it will eventually go away when the loan is reduce to 80% loan to Value or $81.00 monthly for FHA PMI that stays with you over the life of the loan.

I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
0 votes 1 answer Share Flag
Wed Aug 24, 2016
mrs.dontellharris asked:
My husband and i would like to take advantage of the 1st time home buyers down payment assistance program. I have been working on our credit scores and my husband has a 704 and mine is…
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Mon Aug 22, 2016
Sally Grenier answered:
Rent to own is a terrible idea and really not a viable option anymore. This was more common and more popular back when the market crashed and there was a ton of homes on the market. Sellers were desperate so they offered rent to own as an option. The market has fully recovered (in most parts of the country) and now sellers want to SELL (not rent to someone who likely can't qualify for a regular mortgage down the road when it's time to actually BUY).

Typically rent to own was much more favorable to the seller, not the buyer. You agree to pay XX for a house and pay XX each month that my or may not get applied to your downpayment and/or principle. It's very very sketchy. Plus what happens if the house isn't worth XX by the end of the rent to own period? If it's worth more, the seller would likely want to cancel your contract and find another buyer at the higher price. Or what if the price goes down? Then you're stuck overpaying on a house!

I'm sorry I don't have better news for you. I suggest you work on whatever issues are keeping you from qualifying now. I would work hard to fix your credit issues, and SAVE SAVE SAVE for downpayment and closing costs. Good luck!
... more
0 votes 3 answers Share Flag
Thu Aug 11, 2016
siamak-trulia asked:
I keep on sharing my board, but whenever I go back, it says "Only Me" and the others on not on my board. Why is that?
0 votes 0 Answers Share Flag
Thu Aug 11, 2016
Pose_ws6 asked:
I currently have a 692 FICO score, but I'm 6 years removed from a foreclosure. Looking for viable options on purchasing a home under $65,000
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