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Mineral Wells : Real Estate Advice

  • All13
  • Local Info0
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 21
Thu Mar 12, 2015
Richard Trefflich answered:
The easiest way to see what you are comfortable paying is by figuring out how much you are comfortable paying each month for a mortgage payment. You can work backwards from there. With that information you can then get pre qualified by a mortgage broker or banker. ... more
0 votes 5 answers Share Flag
Wed Feb 18, 2015
Brian Martucci answered:
We require 620 credit scores ourselves. Do you know what your scores are? There are lenders that will do loans down to a 580 score. But the terms and down payment may be higher. I think you need to find an experienced lender, who earns your trust, and go through a pre-qualification process to see exactly what you can do now with your current score, and then see if they suggest you raise your score and give you ways to do so. But that may not be needed. It depends on what your scores are now, what kind of down payment you have, and what type of financing you are seeking (FHA, VA or a Conventional loan). Good luck. ... more
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Sat Jan 31, 2015
Kristy Horne answered:
Find an agent in the area you are looking to build!! They can send you recent sales of property around the area so you can get a better idea. Its different all over the place to hard to just say!! ... more
0 votes 3 answers Share Flag
Sat Jan 31, 2015
Kristy Horne answered:
you have to have some kind of credit to get a loan. Its sad to say but no credit is worse than bad credit! Call your bank and see what kind of options you have ! They may have a secure card you can get and it comes right out of your account and you build credit!! ... more
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Sat Jan 31, 2015
Kristy Horne answered:
If you are a member of a credit union they should be able to help. Tell them you need a little help to get you credit up there and if they are any good they should tell you what to do it get it up quick!! you are not the far away 640! ... more
0 votes 1 answer Share Flag
Wed Apr 9, 2014
Hi Connie,

I have access to free software enabling me to run unlimited scenarios for things we could do as well as how it would affect your score. In addition, I can use this software to project out in time so we can see what the effect will be in one month, or two, or more. Often I can get peoples score up significantly while we process their applications which results in a better rate at the settlement. I am also based out of Gladewater.

I am available to help you at your convenience if you wish.

I also offer credit score improvement programs for free while we work on your mortgage.

If you like my answer above, consider clicking on a “Thumbs Up” or “Best Answer”


Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549 Cell: 301-651-7822
NMLS# 695929

Rate quote or live chat with me at the link below:
... more
0 votes 2 answers Share Flag
Sun Mar 16, 2014
Anna M Brocco answered:
Ask people you may know for referrals, or see link
1 vote 1 answer Share Flag
Fri Mar 14, 2014
Hi Jac,

I have some good news for you. Mineral Wells, Texas is an area that is eligible for the no money down USDA mortgage!

One of the best things about this mortgage is the monthly mortgage insurance is substantially less than an FHA or conventional mortgage and that's with no money down.

Here's an example: An FHA mortgage of $200,000 is going to have a monthly mortgage insurance payment of $225.00 but on a USDA mortgage it's only going to add $66.66 to your monthly payment.

The other nice thing is you can actually roll your closing costs into the loan as long as the appraised value supports it.

If you still want to take money out of your 401K, you should find out if you can take a loan out against instead. If you pull money out you'll be hit with taxes and penalties but if you take a loan out against you won't. Not only that, FHA guidelines do NOT require lenders to count the payment for that loan against your income.

Check out my recommendations here on Trulia from some of my past clients by clicking the following link.

Please feel free to contact me for more information or help. You can also find info on my USDA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
Great Plains National Bank
... more
0 votes 1 answer Share Flag
Wed Feb 19, 2014
Brian Nguyen answered:
If you are in the upper 500's then you will have a much better chance. For example, lenders like myself have been able to give out loans with credit scores as low as 580. Either way, I recommend you work on your credit score for your own benefit. The simplest way to help your credit score is to pay your debt and revolving credit balance on time. I also recommend you speak with a lender like myself who would be more than willing to speak with you to help you get the loan that you need. Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 ... more
0 votes 1 answer Share Flag
Sun Nov 10, 2013
John Reeves - YOUR HOME SOLD GUARANTEED answered:
It was already sold. Please check:
0 votes 1 answer Share Flag
Fri Jun 21, 2013
Don Groff answered:
Definitely look at USDA if you qualify as well as the property. Always remember that you are paying for the closing costs, not the seller when they are rolled in. It's a good deal but you are inflating the purchase price to do this... so the seller nets what they want but you are rolling in the closing costs. Also note the home has to appraise for the purchase price in order to do this. It usually is not a problem.

If you are not looking in a USDA area there are also grants and down payment assistance programs individuals. If you have any questions I always keep up on all of these programs and can tell you if you may qualify.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 |
websites: |
... more
0 votes 2 answers Share Flag
Fri Apr 26, 2013
I don't know if we still do loans with no credit score... I know we used to.
Call KC if she has the product, it is a great deal.
0 votes 3 answers Share Flag
Wed Apr 10, 2013
Kristin Jennings answered:
Grant Griggs at Gateway Mortgage might be able to help, 817-484-6635. Please let me know if I can help in any way, 940-452-3272, I work in the Mineral Wells/Stephenville area.
0 votes 2 answers Share Flag
Fri Oct 12, 2012
Becky Foley answered:
I always advise my clients, drive to different areas of town to determine which area best suits your needs. You are wanting to drive in the area you want to live - evenings, weekends when most people are at home. You may be looking for an active neighborhood or a quiet area. Some areas are apt to improve and others seem to be less attractive.

Home is never as it use to be. I know personally Mineral Wells is on the 'clean-up' to secure our future for our families and the future of our community. Mineral Wells has many nice areas with small town atmosphere. We still have that country feel with close to the 'big' city conveniences.

Not sure where you were looking, but please feel free to contact me for further information.

Becky Foley,
Texas Realtor
Source 1 Real Estate
... more
0 votes 1 answer Share Flag
Thu Oct 11, 2012
Marty Logan answered:
Active option means that a contract has been accepted, however it is in its option period.
( inspections, feasability, etc.....) During this period the buyer may opt out if there is something not acceptable with the property and forfeit the option money before the ernest money becomes at risk.
So the answer is no the seller cannot entertain or accept another offer until the prospective buyer opts out or the deal falls apart. You can however make a back up offer in the event that the property does not close the sellers will be aware of your interest.
Hope this Helps!
... more
1 vote 4 answers Share Flag
Thu Oct 4, 2012
Kristin Jennings answered:
Hi Donovan, I hope the house didn't get away from you. Your agent should have been able to advise you on the situation, if a seller receives multiple contracts they will likely go with the stronger contract. If you were asking for them to pay closing costs or make repairs but the other buyers were not, that would make the other contract stronger. A cash offer often goes smoother and faster, so if the other offer was cash they may have an advantage.
Please feel free to contact me if you have further questions.
Kristin Jennings
Agent, Source 1 Real Estate, Mineral Wells, TX
... more
1 vote 7 answers Share Flag
Tue Jun 5, 2012
Cathy Roberts answered:
Fast forward now to 2012 and Mineral Wells has many new businesses opening in the community. Downtown has seen alot of new activity with the opening of Fuzzys and other retailers. It's worth a try if your still interested in opening a new business. ... more
1 vote 3 answers Share Flag
Thu Feb 17, 2011
Spirit Messingham answered:
Talk with a local lender about what is available for first time home buyers, if you do not know of any start with your bank as you already have a professional relationship with them. You should be pre-approved before you begin looking at homes, it really should be your first step.

Far as tax breaks, talk with a certified account. For example we put in triple payne windows and received a tax break back last year, talk to an account. Finally, you need to speak with whomever is offering the home owners insurance policy as each is different. I suggest to my clients starting or getting a quote from whomever they use for auto as many will offer a multiple use discount. Speak with them as to what gets you a discount (for example some offer 10-20% off for an alarm system) or cost more, like a pool.

Best of luck.
... more
0 votes 4 answers Share Flag
Fri Oct 23, 2009
Jordan Muela answered:
Trulia is not designed to accommodate rental properties presently
0 votes 1 answer Share Flag
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