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Financing in Nashville : Real Estate Advice

  • All763
  • Local Info77
  • Home Buying290
  • Home Selling38
  • Market Conditions29

Activity 50
Wed Dec 28, 2016
Bradley Neumann answered:
Alternative financing and private investors can be tricky. It is best to work with a reputable mortgage company in your area. I see that you were looking back in 2014. If you are still looking to purchase a home, please give me a call so that we could discuss your situation. ... more
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Wed Dec 28, 2016
Bradley Neumann answered:
203k loans can sound enticing but can result in a big old mess and no where to live! I have seen these deals go south many times. I recently had a client who had been living in his garage due to a 203k deal going bad. Of course there are success stories, too. I would personally steer clear. There are lots of options out there and a good lender will help you pick the best option for you. If you are still in the hunt for a helpful, knowledgeable lender, please give me a call. 615.905.0074 ... more
0 votes 9 answers Share Flag
Wed Dec 28, 2016
Bradley Neumann answered:
Hi Codi. Are you still looking for a mortgage? If so, please give me a call. We can go over a few bits of information and see if you might qualify.
0 votes 1 answer Share Flag
Thu Jun 30, 2016
Freakmitherz1991 answered:
Hi, Do you need a financial help? if yes contact us now at: +1 (831) 288-7379 for more information.
0 votes 1 answer Share Flag
Tue Jan 19, 2016
Samira2424 answered:
Improve your credit score with jewelry, they report to all 3 credit bureaus $99 to register everyone gets a $5000 credit limit. Buy something small and make monthly payments on time and watch your credit score increase. ... more
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Sat Nov 7, 2015
Kathy Lewis answered:
Funding with USDA is not the issue it was in the past. And even back then the issue was only around the new fiscal year ( October) The program has been around for years, and will continue to be. Contact us below to learn more..

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
... more
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Wed Apr 15, 2015
James Armstrong asked:
Put an offer in on a home and got accepted. There were some minor issues during the home inspection which the seller promptly remedied. Four weeks ago, the FHA appraisal was ordered and…
0 votes 0 Answers Share Flag
Sat Mar 21, 2015
Thomas S Hall Jr. answered:
FNMA Guidelines
Bankruptcy Chp 13
• Two years must have elapsed since discharge date
• Four years must have elapsed since dismissal date

Deed in Lieu of

Two Years -Lesser of 80%
Four Years -Lesser of 90%
Seven Years- 95% LTV

Deed In Lieu of 3 years from the completion date
... more
0 votes 1 answer Share Flag
Sun Jul 6, 2014
Sharon Felton answered:
As of 1:00 am on Monday, July 7th, this property is still in "active" status. If you need a recommendation for a lender, or if you've covered that basis and you need a Realtor to assist you in the purchase of this property, please drop me an email: Thanks. ... more
0 votes 3 answers Share Flag
Sun May 25, 2014
Josh Barnett answered:
Make sure your Realtor knows you are in the market, they will be able to help, asap.
0 votes 2 answers Share Flag
Thu Mar 13, 2014
shelly broward answered:
It's also possible that the seller is offering some financing -- like a lease to purchase.
0 votes 4 answers Share Flag
Thu Mar 6, 2014
stephen strickhausen answered:
I was in a similar situation last year and spoke to a very knowledgeable and helpful lender. He was a referral from the lender that I typically use. They had a great program with very little down and would have allowed me to buy the lot, then the house, then lump it all together when the house was completed.
I'd be more than happy to pass off his info.
Stephen Strickhausen
The 1410 Group
of Benchmark Realty
318 Seaboard Ln Suite 115
Franklin, Tn 37067
Cell: (615)-480-5770
... more
0 votes 4 answers Share Flag
Sun Dec 29, 2013
Sharon Wayman answered:
Tue Dec 24, 2013
Becky Johnson answered:
That is crazy! A lot of lender now want a 640 score but there are still lenders that require a 580 mid score, they just aren't always easy to find. The Lenders Network would be a good place to start, they work with many of the lenders that work with low scores.

Good luck!
... more
1 vote 20 answers Share Flag
Tue Dec 24, 2013
Rodney Mason answered:
Given that the 6 month LIBOR is at its 10 year low this month, up is about the only direction it can go.
0 votes 3 answers Share Flag
Wed Dec 11, 2013
Tony Grech answered:
Patricia did a good job of answering things, but I will add to this a little.

FHA recently released a provision called "back to work" that allows you to apply as soon as 1 year after the final action on your BK or foreclosure, whichever was later.

To qualify, the BK and surrender have to be a direct result of an event resulting in job loss or income loss of at least 20%. You need to be able to document this and you also need to document that before the job loss your credit was in good shape,

Otherwise, you're looking at the 3 year waiting period.

Hope this helps!
... more
0 votes 2 answers Share Flag
Sat Nov 9, 2013
Harold Plemons answered:
You should be approved for the purchase of a new home. If you are working with a agent who has lenders who will get you prequalified.
0 votes 9 answers Share Flag
Thu Sep 26, 2013
lendersnetwork answered:
I know some Lenders that can qualify you for a homepath properties with credit scores below 640. It all depends on the Lender you use, I know a couple Lenders I would be able to refer you to.. ... more
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Sun Sep 15, 2013
Angela & Barbara Adams answered:
hmmm...totaly depends on your credit, debt to income ratios and take home pay. Some folks can be qualified for FHA, but not 203k or b based on those varying factors. Need to talk to a lender who does them. If you don't get anywhere, let me know. I have a new in-town lender who can qualify folks with scores below 600 and does do FHA rehab loans. Question is though, why are you wanting to do 203k? Have you found a particular property? Not all properties will qualify for 203k or b loans. Need to know the address to tell you if it even qualifies upfront and if it's even still available. ... more
0 votes 6 answers Share Flag
Sun Sep 1, 2013
lendersnetwork answered:
There is a new program for FHA by HUD for people in your shoes you just need 12 months from the date of the Bankruptcy, short sale or foreclosure.

The U.S. Department of Housing and Urban Development (HUD) recently announced the “Back to Work – Extenuating Circumstances” program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUD’s minimum eligibility requirements. ... more
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