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Macclenny : Real Estate Advice

  • All17
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions2

Activity 10
Fri Feb 26, 2016
USDAMTGHUB answered:
Get pre approved for financing before shopping for a home. All of Baker County is approved for 100% USDA financing. Great for first time home buyers, learn more below.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
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Thu Oct 22, 2015
Amelia Robinette answered:
You aren't going to get a feel for neighborhood by looking online. Go there, check it out. Only you can know if it's a good fit for you. Better yet, find a realtor who is an expert in the are to help you pinpoint the exact properties that work for you. ... more
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Sun Jul 28, 2013
Bobby Carter answered:
A Broker Price opinion Is the best. I do BPO's and CMA in that area if you are interested contact me Bobby
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Wed Oct 17, 2012
Andrew Wilkinson answered:
Hi Dawn,

Unfortunately, Lease to Own homes are an increasingly rare option in purchasing a home these days.

If "Lease to Own" is your only option, I'd recommend you try calling some of the more reputable and helpful Real Estate Agents in your area to help you find them.

Here is a compiled list of agents in your area, ranked by their ability to answer questions in Trulia Voices and recommendations from satisfied clients:

Glen St Mary:

Good luck!

Community Manager
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1 vote 1 answer Share Flag
Mon Jun 11, 2012
geminiangil asked:
Mon May 28, 2012
Alma Kee answered:
Also be sure to investigate to be sure the landlord is current with their mortgage or he may decide to do a pre-foreclosure, Short Sale and you may be required to allow showings with minimal notice. Also if your air conditioner breaks he may not have the money to repair it! There are also some scammers advertising rentals and are not the owner and collecting money so go on public records to verify who the owner is, too!

Better to rent in a rental apartment complex or do a lot of homework investigating the owner before handing over any money.

If your credit is sufficient but you lack the downpayment money to be an owner, the State of Florida has up to $7,500 in the first time homebuyer bond program. Go here and select a lender on the approved list and they can reserve the money for you if your income is not too high:

Other lenders may not want to even tell you about this program because it does limit the profit the lender can make on your mortgage because the State of Florida will not allow a lender to overcharge you on the rate or fees. You must also have a 640 Fico and be able to qualify for an FHA, USDA, VA or conventional mortgage. You cannot buy a "fixer upper" property, it has to be in good functional condition (it can still be ugly, by the way... lol)

If your credit is preventing you from getting a mortgage you may be able to find a credit union to take the risk with you. You will probably need 20% down and a stable job history and not too much debt. A bankruptcy is okay and even a short sale. They will not have to "fit" you into the exact guidelines that the typical bank or mortgage lender will require.

Lastly you might try the NACA program. You will need to plan on renting for a while but it may help you to eventually be able to buy. Just make sure to select your Realtor "first" and have her/him sign you up on the program or she may have to give a large fee to NACA. Here's info:

All the best,
Alma Rose Kee, PA
Future Home Realty
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Wed Apr 13, 2011
Darla Schroeder answered:
Hi Erika. You stated that you don't have credit which is not the same as having "bad credit". Many young first time home buyers can't provide a history of timely credit payments. There are alternatives to proving a stable payment history for credit purposes. For example, if you've been renting, you could provide a history of on-time payments from a landlord. There are other options which can be explored through a lender. Contact one in your area. Good luck with your home purchase goals. ... more
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Tue Jul 7, 2009
Melissa Antenucci answered:
Hi Melissa,
Yes you will have to pay off the 2nd mortgage when you sell it. The only way around that is a short sale and you do not want to damage your credit and you will have to put more money down on your next purchase if you have a short sale on your credit. The lowest down payment currently is the FHA 3.5% down plus your closing costs. Good Luck.

Ameritrust Mortgage
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