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Financing in Miami-dade County : Real Estate Advice

  • All59
  • Local Info4
  • Home Buying32
  • Home Selling5
  • Market Conditions0

Activity 196
Wed Jan 25, 2017
Thomas Martin answered:

We go down to 580 FHA and VA. Call me anytime.
0 votes 18 answers Share Flag
Sun Jan 22, 2017
Thomas Martin answered:

• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on FHA Approved Owner Occupied Condos= 3.5% Downpayment!

• 95% LTV on Owner Occupied Condos= 5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

• 75-80% LTV on Florida Non Warrantable Condos + Condotels.

FHA Condo Loans Down to 580 Fico with 3.5% Down.
VA Florida Condo loans Down to 550!
Florida Fannie Mae Approved Condo list for 2016.
... more
0 votes 34 answers Share Flag
Thu Jan 5, 2017
Realtor.investor answered:
Mon Nov 21, 2016
Diane Christner answered:
What these lenders are not telling you is that not all condo communities will meet the criteria for Fannie approval, so filling out a condo questionnaire is irrelevant if the condo association has, for example, not been collecting sufficient funds for reserves or the community is mainly investor owned units used as rentals.

Also, some communities may actually meet the criteria for Fannie approval but the condo boards don't want to commit to completing the required questionnaires. No questionnaire, no Fannie approval.

So if you are considering condo communities not already on the Fannie approved list, you will need to do some research before signing a purchase agreement for a condo in a non-listed community.

Find an agent who's experienced in condo sales/ Fannie requirements to help guide you thru the process.
... more
0 votes 5 answers Share Flag
Mon Nov 21, 2016
Theresa Jones answered:
That is truly unfortunate that you have been misinformed. My company closes VA loans all over the United States except Maryland. Typically whomever tells you this type of information just doesn't have the ability (not approved thru VA) to offer these loans.

VA loans are the best loans out there with low interest rates, no downpayment and the ability for the Veteran to truly have a no cost loan. Also, I can get you in touch with a realtor that offers Homes for Heroes and you will receive a cash incentive at the can't beat that!

I would love the opportunity to tell you about our programs.

Theresa Jones
NMLS 38971
... more
0 votes 23 answers Share Flag
Fri Oct 28, 2016
Jonathan Klurfeld, Esq. answered:
Possibly. Chap 13 does not disqualify you from an FHA loan. You would need to see if you qualify before even considering buying.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question. ... more
0 votes 2 answers Share Flag
Fri Oct 28, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
0 votes 3 answers Share Flag
Tue Aug 2, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
0 votes 22 answers Share Flag
Sat Jun 18, 2016
Chris asked:
Wed Jun 1, 2016
Jim asked:
I'm currently on the back end of financing with Citi and this came up with the condo questionnaire. I've looked at the court dockets for the lawsuit and it seems like the HOA is…
0 votes 0 Answers Share Flag
Mon May 9, 2016
Glenn Williams Sr answered:
can i purchase a home at 40.000 and get 35,000 for remodeling. FHA Streamline 203K loan.
0 votes 8 answers Share Flag
Fri May 6, 2016
Charles Geary answered:
Sure, we are private lenders and have a program for foreign nationals without FICO, rates start at .8.75 with very little doc requirement other that a bank acct in the US

Close within 7-10 days on residential and commercial

Jerry Starr
... more
0 votes 13 answers Share Flag
Fri May 6, 2016
Charles Geary answered:
ok, do you live in the home or is it investment - if its investment i offer Foreign National programs.

7-10 day close on most deals including commercial..

Jerry Starr
561-318-3104 ... more
0 votes 1 answer Share Flag
Wed Feb 10, 2016
Ann Ryan answered:
This is a classic strategy to gain wealth. You just want to make sure you find great tenants, and keep the property occupied as much of the time as possible.

If you can do so, my recommendation would be to see if you can qualify to buy the $100K property without getting a tenant under contract. Once you have the $100K townhouse purchase contract written, go find the tenant for the 4 bedroom home. Make sure there's a 15 day gap between the purchase of the townhome, and the tenant's lease.

Trust me, there's frequently delays on closing, and the last thing you need is more stress when you're buying a house.

Happy to send you information if you're really buying in 33033.
... more
0 votes 1 answer Share Flag
Mon Dec 7, 2015
Jacquie Yekmalian answered:
I would not see why you could not do what you are asking. I would call a lender in that area and ask the question.

Jacquie Yekmalian
Blue to Green Realty from the sea to the 18th tee
... more
0 votes 1 answer Share Flag
Mon Nov 9, 2015
VA Mortgage Hub answered:
contact us if we can assist with anything.

VA Mortgage Hub
Florida VA Loans - 7 days a week
Ph: 904-385-3988
0 votes 13 answers Share Flag
Fri Sep 4, 2015
Mark LeMenager answered:
An old question, but still a good one. About 1/4 of all my sales have been to Canadians using finance. There are no special rules for foreigners, other than what the lender might require. In the current (2015) market, try RBC USA because they will underwrite you to Canadian standards while everyone else will run you through the same system as everybody else in the US. ... more
0 votes 24 answers Share Flag
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