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Financing in Orange County : Real Estate Advice

  • All23
  • Local Info2
  • Home Buying11
  • Home Selling3
  • Market Conditions0

Activity 218
Mon Jul 24, 2017
Chris Bufis answered:
FHA would consider this person a first time home buyer if the property was not deeded as Real Property. I suspect in this case the property was titled as a vehicle. If there is a HUD Plate on the Mobile Home and it is recorded as real property.. Then you would not be considered a first time home buyer. ... more
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Fri Jul 14, 2017
Steve Bracero answered:
Yes... typically you need 2 years at the part time position for it to be considered income
0 votes 2 answers Share Flag
Tue Jun 27, 2017
Smessickjohnson answered:
The answer to this question has changed. VA at one time did not have a seasoning period for short sales, however, it is now two years from the date of sale. For more questions about VA loans contact me at 832.821.6678. I am licensed in NC and TX ... more
0 votes 10 answers Share Flag
Mon May 29, 2017
Brian Martucci answered:
If you've missed payments and had a serious delinquency as long as five years ago that should not be a problem now. It sounds like you reestablished good credit with a decent credit score at 720. I don't think you'll have any problems getting a jumbo mortgage from the sounds of it, of course there are other things to check like cash reserves, debt ratios, and many other things. ... more
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Sat Apr 1, 2017
Will Frank answered:
Old question but we have a few programs for borrowers that allow you to come in with just 5% down up to $1.5 million. You'll need to have 12 months of PITI in reserves, 720+ credit scores, and a low DTI (less than 38) ... more
0 votes 10 answers Share Flag
Fri Mar 3, 2017
AUSTIN OJIMGBA asked:
Our Lender is a collateral Lender, so mainly the property is needed to qualify. Here’s some information on our programs. We are ready to quickly fund your deals REO, Short Sale, Foreclosures…
0 votes 0 Answers Share Flag
Wed Feb 15, 2017
Op2mztk asked:
House is free and clear, with.a value of $220k. The tax lien is $120K. I am on social security and my credit is otherwise good.
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Wed Jan 18, 2017
John Burke answered:
Hi Sharonw4211,

It depends on a couple of things.

Are going to live in the home as your primary residence? If not will it be a vacation home or a rental property?
If it's your primary residence then your down payment can range anywhere fro Zero to 5% but if it's a vacation home or a rental property the down payment requirements will range from 10 to 20% down.

It also depends on the type of home.
For example:
If it's a Coop or non-warrantable condo, the down payment requirements will be 20% or more even if it's your primary residence.

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
0 votes 3 answers Share Flag
Thu Jan 5, 2017
Thomas Martin answered:
http://www.florida-mortgage-lenders.com/component/tags/tag/17-florida-foreign-national-mortgage-lender-loans.html

We can do 25% Down
0 votes 21 answers Share Flag
Tue Jan 3, 2017
Mark LeMenager answered:
Unconditionally approved is called a loan commitment. Given that you are five months away, you won't get that for about 4 and a half months. And yes, they will check that you have the funds for the down payment and likely where those funds came from ... more
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Fri Dec 23, 2016
Mark LeMenager answered:
Basically the same as your other questions. Should be doable. See my other answer.
1 vote 1 answer Share Flag
Sat Dec 17, 2016
Hashmuiruri answered:
Hi there, I am desperate for Loan up to 500.000$k.perio 5year.
0 votes 4 answers Share Flag
Fri Dec 16, 2016
Sheilajosephbsn answered:
We got a 7,000 dollar homestead loan when we purchased our home. We have sold the home, but still, owe 4,500 dollars on loan. Can we continue to make the 500 dollar payment each year when we file our taxes or do we have to pay back the entire balance owed the following tax year? ... more
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Sun Dec 4, 2016
Dr S Jones MD asked:
I'm a Physician with Real Estate passion and planning convocation with Alumni, medical colleagues and incoming Residents at the Hospital.
0 votes 0 Answers Share Flag
Sat Nov 19, 2016
Thomas Martin answered:
We can provide financing for FHA/VA Manufactured or Modular home in all Florida all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process. http://www.florida-mortgage-lenders.com/ ... more
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Mon Oct 31, 2016
Coast2Coast Lending answered:
VA loans, HUD $100 Down, 100% USDA ( for eligible locations just outside of Orlando) Contact us below to discuss all your options, we are happy to help.
0 votes 25 answers Share Flag
Sun Oct 30, 2016
Atxaviermartin answered:
It would be tough to get such a loan from a banks. You can try out a mortgage broker as they might take the help of other ways for getting the finance. If you get in touch with the right lender, then getting a loan, even if you a non-U.S. Citizen would be quite easy for you! ... more
0 votes 3 answers Share Flag
Wed Sep 28, 2016
Donald D. Hensel answered:
North Coast Financial has some excellent programs for Florida real estate investors (investment property only). Financing of up to 75% of the purchase price as well as up to 75% of the rehab is available.
http://www.northcoastfinancialinc.com/fix-and-flip-loans-rehab-loans/

100% financing is not available.
... more
2 votes 14 answers Share Flag
Mon Sep 26, 2016
Cherinelnahas asked:
i recently moved to Orlando on a Business Visa "E2" .
- can i mortgage a home.
- what is the interest rate if i pay around 30% of the price.
- how many years for a loan term? can i…
0 votes 0 Answers Share Flag
Thu Aug 25, 2016
Fliphouses asked:
My partner and I are new investors and are tired of getting the run around from fake private lenders that just want to scam you out of your money.
0 votes 0 Answers Share Flag
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