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Financing in Menlo Park : Real Estate Advice

  • All82
  • Local Info7
  • Home Buying28
  • Home Selling6
  • Market Conditions3

Activity 3
Mon Dec 23, 2013
Gary McKae answered:
You can order by contacting your lender and they will give you a fax number to send your request. The payoff should be calculated to a set date per your request. Irrespective of that, the date you close will not be the date of your request.

The new lender will have that knowledge and the title company will be able to get the final number when the new loan closes.
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Sun May 6, 2012
Marcy Moyer answered:
Generally no. You can get a 3.5% down payment loan from FHA, or as low as 5% down in certain areas with no mortgage insurance from Union Bank. VA loans can be done with no down.
The problem with all of these is that there are closing costs, so you do have to have some money. Also, the requirements for the condition of the property with these loans is usually higher than what is available.
Thirdly, this is a very competitive market. Few sellers will be comfortable with a person who does not have a large down payment.
Marcy Moyer
DRE 01191194
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0 votes 5 answers Share Flag
Tue Jul 21, 2009
Vicky Chrisner answered:
If you opt to go 203K, you might find something in this article helpful.
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