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Home Buying in Oklahoma : Real Estate Advice

  • All113
  • Local Info6
  • Home Buying48
  • Home Selling33
  • Market Conditions1

Activity 836
Thu Feb 16, 2017
Debbie asked:
This listing has no Owner information for the consumer or myself to make contact with, even though it has my information for them to call
How do we find how to show it if you don't…
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Thu Feb 2, 2017
Flirtytoes answered:
The concrete is an issue. Almost bought a home from Capital, the front porch and patio looked like a 10 year old had poured it. They said it had rained right after they poured it. They were not willing to replace it. It was a brand new house. So, LSS, I went somewhere else. ... more
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Thu Feb 2, 2017
Debra Gordon asked:
They are now to use 1% of the loan balance to determine payment for calculating debt to income ratio regardless of the actual payment amount.
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Thu Jan 26, 2017
Pratt.ro asked:
Wed Dec 28, 2016
Ananevicha asked:
I know someone who bought a house and they freeze all the credit cards for 45 days and took that as a down payment then once the first payment was made they release the credit cards.
can…
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Thu Dec 22, 2016
John Burke answered:
Hi Cindy Riley,

This gets a little tricky with FHA.
FHA requires a 3 year wait after a foreclosure to be eligible BUT there are a couple of quirks.

1) The clock doesn't start until the bank takes back title. Do you know when that was?

2) If the previous mortgage was FHA, VA, or USDA you may be listed in the CAIVRS system which would be an issue when applying for an a new FHA loan. If you are listed in CAIVRS we would have to apply to have your info suppressed in the system prior to submitting your loan to underwriting.

Do you know when that foreclosure sale happened & what type of mortgage it was on?

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
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Fri Dec 9, 2016
Robert_mackey answered:
Somehow basic math escapes many of my otherwise intelligent friends on this topic. They, say "you cannot pass up a mortgage rate of 3%". I say "but I can only earn 2% on the money in a Certificate of Deposit". Please help me understand why I would take out a loan to pay rate higher than I can earn on the money if I keep it. Of course, the opportunity cost of capital (2% in the example) depends on the asset class you would otherwise invest the money in. Yes, you could take the mortgage and invest your capital in the stock market and cross your fingers. Assuming your home choice is average, you would be elevating your overall risk. Is that what you want to do at this stage in your life? Also, paying cash will also help you in price negotiation. Cash is King! ... more
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Tue Nov 22, 2016
Gingerjim13 asked:
Thu Nov 17, 2016
Execadmin asked:
Found a home for $87,000 and I have $10,000 to put down with a credit score of 604-632 depending on the reporting agency. Single income, steady work and rental history. What are my chances…
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Wed Oct 19, 2016
Carol Knapper asked:
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Fri Sep 23, 2016
USMortgageRanger answered:
YES a person with felony can Buy any home of their choice as long as there is not a restriction on the person that stipulate that they cannot live in certain area. As for Renting a home it would be up to the individual landlords to decide, if they do a background check or you choose to disclose.

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
... more
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Mon Sep 12, 2016
Holley Mangham answered:
Oklahoma Housing Finance Agency may be able to help or the people in our office can lead you to the right direction. Call 405-419-8207.

Key features of an OHFA Advantage loan:

3.5% down payment grant assistance
5.0% down payment grant assistance
30-year, fixed rate mortgages
Available statewide
May be used for an existing or a new home
Requires minimum credit score of 640 (660 on Manufactured)


https://www.ok.gov/ohfa/Homebuyers/index.html
... more
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Mon Sep 12, 2016
Holley Mangham answered:
Hi Tabitha - I work at Oklahoma Housing Finance Agency and we offer down payment assistance through OHFA Advantage. Here are the requirements for our program:
https://www.ok.gov/ohfa/Homebuyers/index.html

Key features of an OHFA Advantage loan:

3.5% down payment grant assistance
5.0% down payment grant assistance
30-year, fixed rate mortgages
Available statewide
May be used for an existing or a new home
Requires minimum credit score of 640 (660 on Manufactured)

To qualify for a product, homebuyers must contact a participating lender, meet total gross household income, purchase price and credit score guidelines. All of that information is listed on the URL above. I hope this helps you and future buyers.
... more
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Tue Sep 6, 2016
Jennbenn2 answered:
Chimney Hill in the Southeast part of Edmond is very family friendly. Pools, parks, walking trails to Hafer, tennis courts, basketball courts, and a swim team.
0 votes 14 answers Share Flag
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