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Financing in Medford : Real Estate Advice

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  • Home Buying13
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Activity 4
Mon Aug 8, 2016
Jennifer Harper answered:
I know it's 2016 and I'm late to the party, but there may be others in your situation now...

Your Loan Officer could've had you refinance using the FHA 203(k) loan.

You can make the following repairs and renovations to your home with the Full 203k:

Structural alterations and reconstruction:

Room additions
Repair of termite damage (sill plate replacement)
Major remodeling of kitchens and bathrooms
Finish an attic or basement
Add a second story to a home
Major landscaping and site improvement:

Correction of grading
Drainage problems
Tree removal (health and safety hazard)
Repair of sidewalks (health and safety hazard)
Driveway repair (health and safety hazard)
... more
0 votes 12 answers Share Flag
Tue Mar 13, 2012
Rene' De Blanco, MBA answered:
Andrew

Have you considered a HOMEPATH property? http://www.homepath.com The best part of a HOMEPATH home is you can put as little as 5% down with a score of 660, AND there is NO mortgage insurance.

Kinecta Federal Credit Union is one of few HOMEPATH lenders in the country (and we lend in MA).

Rene Joseph De Blanco
http://www.kinecta.org/jdeblanco
jdeblanco@kinecta.org
310-643-2495
... more
0 votes 2 answers Share Flag
Thu Dec 30, 2010
... answered:
I'm sorry you are having trouble.
As stated, there are programs for "nonwarrantable" condominiums if that's your case plus, depending on the number of units, FHA has suspended some investor concentration requirements temporarily. It would have been helpful to know more about the condominium project - number of units, number of owner occupied units among those and the name of the condominium project. You would best have a discussion with your mortgage person about this or, if you wish, with me.
Best wishes for a great 2011!
Tom
Thomas.Stevens@Flagstar.com
781-862-0585 x 223
... more
0 votes 10 answers Share Flag
Tue Sep 1, 2009
Christopher Lawton answered:
When was the last time you refinanced? Do you qualify for the streamline refi?
0 votes 3 answers Share Flag
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