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Home Buying in Oklahoma City : Real Estate Advice

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  • Local Info35
  • Home Buying151
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Activity 183
Tue Mar 28, 2017
Trucqnguyen asked:
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
1 vote 1 answer Share Flag
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
1 vote 1 answer Share Flag
Wed Aug 10, 2016
Paul answered:
Use InBedrock.com to help educate on all real costs of homeownership, including purchase price, improvements, title + HO insurance, RE taxes, mortgage financing options + after-tax implications, utility costs and eventual selling costs of 6% realtor commission + state transfer taxes. InBedrock.com provides in-depth, easy-to-understand analysis on financial decision of Buying v Renting v Investing in stocks. Find out actual # of years until break even on all costs of investing in a house vs renting. Get educated today with InBedrock.com before you make biggest investment of your lifetime. ... more
0 votes 1 answer Share Flag
Fri Jul 29, 2016
Johnathan Leeper asked:
Tue Jul 26, 2016
Joe Borelli answered:
Find the complete list of FHA lenders who have experience handling 203K loans here:

http://203klenders.org/oklahoma-ok/
0 votes 6 answers Share Flag
Mon Jul 18, 2016
Kimcallins answered:
Hi Sarah, We have communities all over the OKC metro that might work for you. We also have Participating Lenders that work with our buyers that will help with the closing costs. If you want to call me , I can give you some of their contact information to talk to. You never know what your credit looks like until they pull it, if you arent quite ready then they can give you a game plan to work toward home ownership. My cell is 405-245-0530. Kim Callins~ Home Creations ... more
0 votes 1 answer Share Flag
Sat Jun 25, 2016
Evagail answered:
FHA allows for borrowers with scores as low as 500 to qualify. We have offered programs like these for years. Now there is a difference between having a 500 or a 580 score and that can be seen with the amount of down payment that is required. Typically it is 10%. Also be sure to note that starting 2014 borrowers with scores under 620 and debt to income ratios are over 43% will now be required to pass manual underwriting. This simply means that you will want to have compensating factors. Factors such as length of employment, assets, solid 12 month payment history, etc. http://www.hud.gov/

Click here for more information: http://fhamortgageinfo.com/
... more
21 votes 19 answers Share Flag
Thu May 26, 2016
Lmoreno25m answered:
Let’s say you are looking around for an auto loan and you authorize five lenders to check your credit score. All those credit checks the industry calls them “inquiries” should either count as zero or one inquiry, if the inquiries are made in a short period such as fourteen days" ... more
0 votes 13 answers Share Flag
Thu May 26, 2016
Grace S Apodaca asked:
need new skirting, stairs and ramp and possibly a paint job. My bank will not give out loans for a mobile home what can I do?
0 votes 0 Answers Share Flag
Wed May 18, 2016
Alysse Musgrave answered:
The appraisal is ordered by the mortgage company and paid for by the buyer.

Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
Consumer Advocate
Exclusive Buyer Agent

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
... more
0 votes 2 answers Share Flag
Mon May 2, 2016
June Buerkle answered:
It depends on the contingency clauses you put in the contract.

Did you have contingencies for any of the following:

Job relocation?
Qualifying for a loan?
Selling your prior home? ... more
0 votes 1 answer Share Flag
Mon Apr 4, 2016
Garylieber answered:
Give us a call. Vision Realty specializes in REO and Investment Property

"We help people make money in Real Estate"

405-844-6800
0 votes 9 answers Share Flag
Tue Mar 1, 2016
Reinaldo Roman asked:
Does anyone knw of any Lenders in the OKC metro area that do ITIN loans? Thanks
0 votes 0 Answers Share Flag
Tue Feb 23, 2016
Michelle Theodoseau answered:
Hello, to answer your question, you would highly benefit from being connected to a top agent in your immediate area who is knowledgeable about available programs to buyers. If you would like, I am happy to work withe my team at Park Place Realty to connect you to an agent in your area who can walk you through the process. Thank you and have a wonderful day! Feel free to contact me via the link below, I will respond promptly. ... more
0 votes 1 answer Share Flag
Tue Feb 23, 2016
Sally Grenier answered:
You need to hire a REALTOR as your buyer's agent who can walk you through the entire process and clear up the mis-information you're going on. Buying a foreclosure is the same as buying any property. You'll need to get pre-approved first with a lender. You do NOT need 30% down (unless you're buying it as an investment property??). If it's going to be your primary residents (not an investment) then you need only 3% down for a conventional loan or 3.5% for an FHA loan. Again, you really should be talking to a good realtor and lender in your area who can help with this. ... more
0 votes 1 answer Share Flag
Mon Feb 15, 2016
Sally Grenier answered:
Your lender should have given you payment options when you were pre-approved. Just contact your agent, and let them know you want to make an offer! He/she should be able to walk you through the steps. ... more
0 votes 2 answers Share Flag
Wed Feb 3, 2016
Swwright answered:
0 votes 1 answer Share Flag
Mon Jan 4, 2016
Karen Peyton answered:
There shouldn't be any. Only real estate professionals can post homes to Trulia.
0 votes 1 answer Share Flag
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