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Lea County : Real Estate Advice

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Activity 18
Mon Sep 21, 2015
Heleybrowns25 answered:
0 votes 1 answer Share Flag
Fri Jan 2, 2015
USMortgageRanger answered:
Thanks for your post & congratulations on your decisions to purchase a home. The first part of home buying is getting APPROVED by a Lender who has done their due diligence as to your ability to repay the loan and not cause you financial harm. We here at The Federal Savings Bank would like to introduce you to our H.E.LP.P Home Loan Purchase Program where we underwrite and approve your credit income and assets without a specific property. We will then issue a letter of commitment to lend based on the selected property meeting the underwriting guidelines. This letter lets sellers and Agents know you are serious qualified buyer and they will be more enthusiastic to work with you.

We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership. We have complete control of the entire Lending process with the ability to lend in all states.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
I look forward to working with you to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
... more
0 votes 1 answer Share Flag
Fri Nov 29, 2013
Raquel Brusuelas answered:
Since it is considered another debt/loan, you might want to get the professional opinion from a bank and see how it can or may affect you. The bank will give you advice and let you know what could happen when you do apply for a loan in the future for buying a home. Most banks do need to check your credit history and see if it okay to approve for a loan and some bank don't check credit, but it is rare. ... more
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Wed Aug 21, 2013
Lilliansarah69 asked:
This question was asked from…
0 votes 0 Answers Share Flag
Thu May 30, 2013
Tim Moore answered:
It will not help unless you can explain it very very well.
0 votes 1 answer Share Flag
Fri Dec 28, 2012
Leigh-Jo Anzures answered:
Hi Krista,

I believe you can. You just need to go to your My Listings section, then click on the Submit Listings button. If your home is already listed in the MLS, you can enter the MLS number and it should automatically pull all the data and photos for you.

Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 1 answer Share Flag
Mon Dec 17, 2012
jmfowler429 asked:
Fri Jul 20, 2012
James Polk answered:
August 12 is the date. Here is the calendar
0 votes 3 answers Share Flag
Mon Apr 9, 2012
Lmedina03 answered:
Thank you to everyone! Your answers are going to help me out tremendously.
1 vote 6 answers Share Flag
Thu Mar 1, 2012
Gerard Carney answered:
Go to a lending agency or a financial institution such as a bank and apply for pre-qualification and then the mystery will be solved. You will not only know if they will lend to you but how much they would be willing to lend so you can start looking at houses in that price range! ... more
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Wed Feb 23, 2011
Jayne Combs answered:
There are some lenders out there still lending on lower scores. But they may require a larger down payment.

And as far as your credit score difference? I have seen as much as 100 point difference. That is because there are three different modules that credit scores are determined on. One is the consumer aspect (credit cards), which is the one you get online, auto loans, and mortgage loans. They all 3 have different things that are more important then the others. So you could possibly have different scores on all 3.

Just work on establishing your credit, lower your balances, and pay on time and your score will rise. Don't close any accounts or open any more unless you don't have at least 3 tradelines. Be sure to keep copies of your rent payment cancelled checks or bank statements to show timely rent payments.

Hope this helps!
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Tue Dec 28, 2010
Disgusted answered:
Thu Oct 28, 2010
Leeron asked:
Mon Mar 22, 2010
Sgolleher asked:
Sat Feb 13, 2010
Bobby Shaw answered:
It really depends on several things. 1st you said you filed about 5 years ago. How long has it been discharged? It needs to have been discharged for at least a couple of years. 2nd How has your credit been since it was filed and discharged? Your credit from that point has to be really really good. Have you gone to one of the credit reporting sites to check out your current credit report and credit scores? If not you might want to. Your work history may play a factor as well, as it does in anyone applying for a mortgage. My suggestion is to get with a local mortgage lender and have them prequalify you for a loan. Several of them in our area are really good at helping you work on your credit issues to get it up to where you need to qualify for a mortgage loan. I guess what I am saying is that It can be a problem but it also can be overcome if the right things are in place. One thing that I have learned, being in the Real Estate Business as long as I have, is that you can get your credit straight, but you have to be pro active and make it happen (it is really not that hard). It will not happen on its own. I have worked with a lot of people that had pretty bad credit issues and within a year or two of really working on getting it straight, they were able to buy the home they dreamed of. If there is a problem that cannot be overcome there may be some rare but does exist sometimes, is owner financing properties and or private mortage money out there. Most of these will have higher interest rates, higher downpayment requirments and other strings attached. I would really try to go with the standard mortgage financing through a good lender first. Good luck. ... more
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Wed Sep 9, 2009
Bigwill asked:
Fri Oct 26, 2007
Infinity Realty Network answered:
Sometimes there are areas, where Trulia might not a have local agent in your community to answer correctly. I always suggest calling some local realtors and asking them to help you out. You would be amazed how talkative, and informative they can be.

Good Luck
... more
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Thu Oct 11, 2007
Ute Ferdig - Atty. Negotiator answered:
Robert, all lenders will require a full fledged appraisal before they give you a loan. It sounds like the property that you are considering is not yet on the market since you are asking if your request for the seller to pay for the appraisal would cause the asking price to go up. I could see that you are offering more with the understanding that the seller pay for the appraisal. Everything is negotiable. It all depends on how you approach it. I just don't think that the seller will agree to pay for the appraisal solely because you can't afford it. If I were a seller and a buyer asked me to pay for the appraisal because he can't afford the appraisal I would run the other way. Please don't take offense to that. I am just telling you the truth. ... more
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