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Financing in Las Vegas : Real Estate Advice

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  • Home Buying1K
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Activity 194
Tue Feb 7, 2017
jumboloancenter answered:
Options up to 95% are available if the loan amount is below $999,000. 10% down options are available up to 2.5mil. See the web reference link below for more information.

Thank you,

Jumbo Loan Center
... more
0 votes 6 answers Share Flag
Tue Jan 3, 2017
Robert Adams answered:
I would recommend reposting this in the Hawaii section for a better response. Right now you are posting in Las Vegas.

Good luck with your loan!
0 votes 7 answers Share Flag
Tue Jan 3, 2017
Thomas Martin answered:
Yes if you can proof the last 12 months rental history, and have 0 x 30 day late payments in the past 12 months you can qualify with an FHA loan with only 10% down payment.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
... more
0 votes 4 answers Share Flag
Tue Jan 3, 2017
Thomas Martin answered:
We can provide loans down to a 500 fico with 10% Down case by can if all your payments including rental history have been on time for the last 12 months.
US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
... more
0 votes 4 answers Share Flag
Tue Jan 3, 2017
Thomas Martin answered:
Yes, you can buy from a Single Family residence all the way up to a 4plex with an FHA mortgage loan. As long as the property is owner occupied. Meaning the borrower of the FHA mortgage loan has be living at the property as their Primary Residence. It can be done. You can purchase a 1-4 unit.

You will still have to qualify with your income and credit, and a portion of the rental income could possibly be used to offset the payment. As long as there are tenants already in place with long term lease agreements. You will have to put down 3.5% down payment and the seller can credit you up to 6% to cover your closing cost.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
... more
0 votes 16 answers Share Flag
Wed Oct 26, 2016
Bradley Bellstedt answered:
There are but the condo itself has to pass the guidlines of the loan program. For a complete list of homes that are FHA and Conventional approved homes. Please send me an email to 702LVRE@Gmail.com and I will put you in touch with my preferred lender and he will get you the list. ... more
0 votes 1 answer Share Flag
Thu Oct 20, 2016
Bradley Bellstedt answered:
Hello!

The downpayment necessary to purchase a home will fluctuate with the type of loan program you are using. If you are a veteran you can use a VA loan which does not require a down payment. For an FHA loan the downpayment is 3.5% of the sale price and for a conventional loan the downpayment is 5% of the sale price. There are differing downpayment requirements for investors who don't plan on living in the home they are purchasing but I am assuming you are asking about the requirements for a home loan that you will occupy. Please email me if you have any other questions at 702LVRE@Gmail.com.

Thank you.

Bradley R. Bellstedt
... more
0 votes 1 answer Share Flag
Tue Aug 16, 2016
Erika Bentley answered:
There are a lot of factors that go into refinancing. Give Pierre a call over at Cornerstone Lending and he can run you through some scenarios. http://www.vegashouseloan.com/

Just tell him that Erika Bentley sent you over. ... more
0 votes 1 answer Share Flag
Tue Jul 26, 2016
Joe Borelli answered:
The FHA Streamlined 203K version allows for up to $35,000 in non-structural renovations whereas the Standard version can be used for almost anything. Both are limited to the maximum FHA mortgage limits in your county. Both are based on the purchase price plus the cost of improvements.

Find local FHA lenders with expertise in handling 203K loans in Nevada:
http://203klenders.org/nevada-nv/
... more
2 votes 12 answers Share Flag
Sat Jun 18, 2016
Lee Jones answered:
0 votes 7 answers Share Flag
Fri Jun 10, 2016
Pamela Kimble answered:
We lend to Foreign Nationals and LLC;s.

Nationwide, Direct Lender

pkimble@capstonefi.com

702.703.8091
0 votes 4 answers Share Flag
Wed May 4, 2016
June Buerkle answered:
You are looking for a Hard Money lender/investor to make you the loan. However, most hard money lenders look to make a rather hefty percentage on their loans ... and you won't be getting a 30 loan product so it is good you plan to pay off as fast as possible.

Do a web search for any local real estate investment clubs. Those meetings usually draw a few hard money investors.
... more
0 votes 1 answer Share Flag
Tue Jan 5, 2016
Robert Adams answered:
What is the loan amount? Refinancing right now while rates are still low is a good idea if you intend to stay in the property.

Get a 30 year fixed or look into the 15 year fixed rates. ... more
1 vote 2 answers Share Flag
Sun Jan 3, 2016
Karen Peyton answered:
While I understand you wanting to refinance, the "buy out my wife at the same time" portion of your question isn't clear. Not clear in the sense it's posted under "Financing in Las Vegas" and Nevada is one of nine community property states (and so is California which is supposed to be your location).

To that end, I suggest you contact an attorney if your objective is to remove her from ownership. A refinance (in and of itself) will not accomplish this.

Best of luck!
... more
0 votes 1 answer Share Flag
Thu Nov 12, 2015
Devan Reaves answered:
Yes FHA financing is available up to 97% of the purchase price, and there are still state and federal down payment assistance programs available that can makeup the difference in the event you do not have it. In the event of the write-offs you have to provide letters of explanation for derogatory credit. They do not need to be overly detailed, but are necessary for FHA loans.

Give me a call directly if you would like to explore some options. I am an FHA approved broker which allows me to provide the products from a variety of lenders. I can help you get pre-approved for financing, and my brokerage is partnered with an in house real estate company.

Devan Reaves
Mortgage Consultant
North American Financial
(702) 686-4819
... more
0 votes 7 answers Share Flag
Mon Nov 9, 2015
Robert Adams answered:
You can build credit with the LLC to make future purchases.

In the meantime you can use cash or hard money as you mentioned. Or you can take out loans in your personal name and credit and then transfer them into the LLC. You will need to make sure this does not conflict with any of your line guidelines etc.

If you would like to discuss further or come up with a solid investment strategy for you and your partners please feel free to contact me directly.


Best Regards,
Robert Adams

NV Broker-Saleman & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com



MA & RI Broker at Sankey Real Estate
C: 508-250-0345
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com

RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
... more
1 vote 1 answer Share Flag
Tue Sep 8, 2015
Tony Garcia answered:
Hello,

We have a portfolio product with no waiting period. It does require 20% down and only available in arm product. Minimum credit score is 660 (will consider as low as 620 with compensating factors). Email me at tony.garcia@banchomeloans.com to discuss. ... more
1 vote 1 answer Share Flag
Tue Aug 11, 2015
Roi Ford answered:
There's All types of Loans available to you as a foreign investor. Most of them will require a 35% or more down payment, but these loans are definitely available.

As an Agent / Real Estate Professional, I am forbidden to discuss terms, and interest rates, because I am not a lender. But I work with a few different lenders who offer these products.

Let me know if you have any other questions.
... more
0 votes 1 answer Share Flag
Sat Jul 18, 2015
Chris Harrison answered:
Contact Jared Penn at First Cal Mortgage. (702) 419-6342

Best regards,

Chris Harrison
Barrett & Co., Inc.
702.592.9510 ph
1 vote 4 answers Share Flag
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