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Home Buying in New Port Richey : Real Estate Advice

  • All333
  • Local Info19
  • Home Buying98
  • Home Selling12
  • Market Conditions26

Activity 126
Sun Apr 16, 2017
Robert Spinosa answered:
There are really two issues in play here:

1) The length of time that one is self-employed.
2) Qualifying the income, if possible, from that employment.

As long as there is a self-employment history, you can do a 1-year tax return application for a conforming loan so long as your lender can get automated underwriting system (AUS) findings from Fannie Mae or Freddie Mac that say you can do this. On the Freddie side (FHLMC), which is how most lenders try to do this, there was a recent change that requires that you must have been self-employed for at least 5 years, otherwise 2 years of returns will be required. Note that in every case here, it's generally not possible to get a loan if a borrower has only been self-employed for one year. Lenders view this as not enough history to make a strong determination on income stability. FHA will require two years of self-employment and tax returns as well.

On the jumbo side of things, should anyone be reading this response and have a loan amount that falls above the conforming limits, we can do a 1-year tax return qualification up to a loan amount of $2MM with a maximum loan-to-value (LTV) of 80% and a minimum FICO of 660. We can go to a maximum loan amount of $3.5MM on this program, but there only to an LTV of 60.

Long story short, if you're self-employed and need to work off only your most recent year's taxes, get in touch and we'll make our best effort to help. Thank you!
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Tue Feb 21, 2017
Frodad answered:
Hi Jaduan,
You may be able to get pre qualified based on your credit score. However, it may be best to wait another two months and start with a clean slate.
All the best,
Shiraz Ismail
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Tue Sep 20, 2016
John Burke answered:
Hi Gofishin48,

One of the best things about VA loan & a chapter 13 bankruptcy is you only have to be in the 13 for 12 months to be "eligible" for a VA loan.

You do have to show that you've re-established your credit which per VA guidelines is a clean 12 month history after a bk.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
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Sat Jun 25, 2016
USMortgageRanger answered:
Thanks for your service to our country from one Veteran to another. It is not a VA requirement but the Lender you are working with. You can have 10 jobs in 2 years as long as you can document that you have been gainfully employed via w-2 and pay-stubs or Two years of tax returns if self employed.

I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
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Thu Feb 18, 2016
Jehawley07 asked:
This property is located at 7338 Egress Ln, New Port Richey, Fl
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Fri Jan 8, 2016
Scott Godzyk answered:
Trulia does not list or sell homes, it is a website where ads are posted. Instead of emailing, click on contact and cal them. When you send an email through teh system most agents think it is spam unless you went in and changed the standard message and wrote what you are inquiring about. ... more
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Wed Aug 26, 2015
Diane Christner answered:
I think I know which one you are referring to when you mentioned the $2500 up front to bid. Take the time to carefully read ALL of the conditions and instructions for bidding before you act. ... more
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Wed Aug 26, 2015
Marilynm1130 answered:
I know someone who lives there. Nice older neighborhood. The draw is the gulf. Its safe but am unaware of sinkhole issues. She likes living there.
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Wed Aug 26, 2015
Marilynm1130 answered:
Only if it has a real property sticker . It needs to be a land/home package.
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Tue Jul 28, 2015
VA Mortgage Hub answered:
Technically it's whatever your employment / income will be at the time of closing. Any lender will do a verification of employment/income right before closing time.

VA Mortgage Hub - Florida's VA Loans - 7 days a week
Ph: 904-385-3988
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Fri Jul 17, 2015
Javier Montiel - Top Local answered:
Try checking with the local police station.
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Fri May 15, 2015
Kirsten Prizzi 239-248-1667 answered:
Get 2 or 3 estimates from different insurance agencies. It always depends on the age of the house, age of roof, hurricane protection and of course the flood zone. When you do the home inspection, get a wind mitigation done and provide the wind mitigation to your insurance company. ... more
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Mon May 11, 2015
George Dudley answered:
Meredith good morning. Was the BK a Chapter 7 or 13? this is important.

shoot me an email or give me a ring

George Dudley
Branch Manager
Office: 813-257-9033 Ex.3202
Cell: 561-420-2816
NMLS ID: 324554
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Tue May 5, 2015
William L Isgette answered:
You still looking for a house Vincent? I believe I know a better way then rent to own
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Tue May 5, 2015
William L Isgette answered:
If you are looking for more available properties, then feel free to send me your information and perhaps I can help you. Send me an e-mail to further our conversation at I have a few properties that may interest you. ... more
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