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Lancaster : Real Estate Advice

  • All44
  • Local Info2
  • Home Buying17
  • Home Selling1
  • Market Conditions1

Activity 51
Mon Dec 4, 2017
Frank S. answered:
Why rent to own if you may qualify to buy and own. Most rent to own are risky and want 10-15% down which is non refundable as well as annual increase in rent until you qualify. You may already qualify to buy with FHA financing. FHA financing allows old collections on your reports.

If you have low fico score between 500-579 you may consider 10% down FHA and a minimum 580 fico score may consider 3.5% down FHA. If you have a minimum 620 fico score you may consider 3% down conventional.

Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.

You should study RENT vs BUY listings to compare payments and qualifications. Lenders can not discriminate by past criminal history. You may qualify to buy and pay less than rent in TX. Check out the RENT vs BUY web reference link below...
... more
0 votes 2 answers Share Flag
Tue Oct 24, 2017
Zyre Sullivan answered:
We have a lease with the right to purchase program where we purchase homes in the top 50% of schools and lease them to you until you can get a mortgage. I would be glad to discuss in further detail. ... more
0 votes 10 answers Share Flag
Sat Sep 9, 2017
Jg asked:
I am currently shopping in the 75146, 75115 75104 to build a home. I found the lots on dcad.org and by driving around.
0 votes 0 Answers Share Flag
Thu Nov 10, 2016
Doris Monroe asked:
Fri Apr 1, 2016
Shemika Medlock answered:
Going through those difficulties are never easy. If you haven't found a resolution, please contact me. I would love to offer my assistance.
0 votes 1 answer Share Flag
Fri Dec 18, 2015
Zyre Sullivan answered:
It sounds like you would prefer a bigger back yard. DO NOT SETTLE! Mortgages are a 15 to 30 year investment in which you need to be pleased with your purchase. Allow me to send some properties to your email so that you can weigh your options before you make a decision. ... more
0 votes 4 answers Share Flag
Fri Dec 18, 2015
Zyre Sullivan answered:
Many sellers will consider accepting an all cash offer that was slightly under asking price so that they will not have to worry about the possibility of financing not going through. How much they will consider would depend on the market conditions in the area such as comparable sales prices and days on the market. ... more
0 votes 3 answers Share Flag
Fri Dec 18, 2015
Zyre Sullivan answered:
I have a program where we buy the house you want for you and lease it out to you until you can assume a mortgage. You get a 3 year right to purchase.
0 votes 2 answers Share Flag
Wed Sep 16, 2015
USMortgageRanger answered:
As a Co-Borrower on a mortgage, that mortgage would be counted as part of your personal overall DTI (Debt To Income) ratios. If you are not occupying the home and can show that someone else is occupying the home and has been making the monthly payments then some Lenders will qualify you without that debt.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
7933 Preston Rd
Plano TX 75024
Phone (469) 315-1709
EFax (855) 606-5476
https://mortgages.capitalone.com/home-loans/loan-officer/plano-texas/lowell-sterling
... more
0 votes 2 answers Share Flag
Tue Sep 8, 2015
Michael Abramsky answered:
According to the FHA, those who have only owned a mobile home not permanently attached to a foundation are also considered first-time home buyers.

Speak to a loan officer in your state to confirm that your husband qualifies for the program. ... more
0 votes 1 answer Share Flag
Sat May 2, 2015
Brian Martucci answered:
You really need to have a mortgage lender pull your credit report to let you know specifics about the possibilities of getting a construction loan. I would contact someone local to you, as construction loans are a different type of mortgage than a traditional mortgage for buying a resale property. That way you can walk into a bank or lending institution locally and go over what are going to be more complicated terms than a standard mortgage. ... more
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Mon Apr 27, 2015
Ereka Jones answered:
Currently no one!!

Call me today for new areas in Lancaster.
0 votes 1 answer Share Flag
Mon Apr 27, 2015
Ereka Jones answered:
Hi There!

You need an experienced Agent that has also been an "Investor".

Yes, this is a GREAT area to buy investment property in.

Call me today to talk further.

Thanks

Ereka Jones

Best of Trulia Agent-2014
... more
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Wed Apr 8, 2015
Ereka Jones answered:
this is an old post! I hope by now, but if not, feel free to reach out!
0 votes 3 answers Share Flag
Wed Apr 8, 2015
Ereka Jones answered:
Tue Feb 24, 2015
Ereka Jones answered:
Hi There!

Expect a credit report and a background check to both be ran on all applicants 18 and older!
0 votes 9 answers Share Flag
Tue Feb 24, 2015
Ereka Jones answered:
Hi There!

Your ability to rent a home is going to be based on what the income requirements are for the home. You can always find those things out when you locate a home. Most companies indicate 2-3 times the rent is needed for income to qualifty. ... more
0 votes 5 answers Share Flag
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