Borrowers with an AGI less than $100,000 can deduct 100% of their PMI premiums. The PMI tax deductions are effective for both home purchase and refinancing transactions. Depending on household income, both FHA MIP and USDA can be deductible as well.
US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
Yes 10% down is required by FHA if your credit score is under 580.
No, 10% will not be your interest rate but your rate will be higher than average because of your credit score.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
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Senior Mortgage Banker
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Great Plains National Bank
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I wrote a best selling book on the subject; you can read it free on Amazon Prime. When you're ready, be sure to hire an Exclusive Buyer Agent to represent you. EBAs represent homebuyers only so there is no conflict of interest to jeopardize your negotiating position. Visit naeba.org for a referral.
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Pedro are you looing to lease or to purchase? The market moves very fast in south Florida so nothing I would send you now would be around Nov/Dec. We should start looking in mid Oct for homes for you. As of this month we have 56% less homes on the market than we did a year ago, also prices are up around 24%. Please let me know if I can be of assistance for you and your family.
I am so sorry to hear about this...I'm assuming that the house was sold at sheriff's sale, the sale was confirmed, and the sheriff evicted you or the tenants. I find it hard to believe you would have had no notice. This is a long process and you should have received a whole lot of paperwork over several months. If all of this has taken place, then you likely have no rights to your property. I would suggest contacting the sheriff or the new owner to see if they will allow you to go get your stuff. Outside of their permission, you're out of luck.... more
On the agreement of sale that you submitted to the seller, what was the settlement date that you requested? Most agreement of sales will say on or before a specific settlement date. After you get through the inspection and mortgage contingency periods, and all parties agree, you can settle. If you're buying in NJ, then you need an attorney. A reasonable time frame is 45 days. Good Luck.... more