You will not be better off trying to get a conventional loan VS a VA mortgage.
There is no loan program available that will count your husband's GI Benefits as income so we will have to get you qualified on just your income.
I specialize in VA financing and would be honored to help you.
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.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
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Find out what your total monthly housing cost would be, including taxes and homeowners insurance. To get a feel for the maximum amount you should spend, including taxes and insurance,. In some areas, what you'll pay for your taxes and insurance escrow can almost double your mortgage payment.
Lic Real Estate Agent
Only Way Realty Golden Star Group
12701 S John Young Pkwy, suite 201
Orlando, Fl 32837
All good and accurate answers provided. I would, however, work with your agent to try to convince the sellers to extend your closing. That is most often best done BEFORE it expires. You will most likely to succeed if you can convince them you're ready to close and they will be better off closing with you than casting the net a second time.... more
For those with a credit history that may be less than perfect, a Federal Housing Administration (FHA) insured mortgage can help. FHA-insured mortgage programs often encourage lenders to offer low mortgage interest rates to borrowers. Also, mortgage lenders often are more likely to finance borrowers with weak credit that are using FHA's insured mortgage programs for their home purchases. Depending on your credit, an FHA-insured mortgage's interest rate may vary somewhat.
Iam currently in the process of buying a house in Pasadena. Take the first step and talk to a realtor, then they will check your credit to see what you qualify for. It takes at least 3 months minimum so you should probably go on month on your apt. If you do qualify they check all of your finances checking/savings account for the past three months, you have to proof where all your money came from (must come from work) and you have to explain cash deposits also. Also check if you qualify for Pasadena/Seth Program they can help with up to 10,000 for down payment and closing cost, and they go back up to 6 months of bank records!! If you dont qualify becasuse of your credit listen to realtors advice, and do it. We asked two years ago about buying a house but we dint have enough credit , we did exactly what we needed to build up our credit, so now we easily qualified for over 100k for a house..Good Luck! :)... more
From what you are saying, and no additional information, I can say, you're in the ball park at least. Condos are definitely a possibility in that range - for the first time in about 10 years or so, I might add - and possibly for the last time in the foreseeable future. So why not call a direct lender and see what they can do for you?You'll need to have documented income. The days of "stated income" and no-doc loans are long gone. But if you can verify your income with tax returns and paystubs, have at least decent credit (600+) and 2 years of credit history, chances are, we can help you. I say "we" as the collective term for the real estate community at large.
There may even be some manner of down payment assistance available to you these days - it disappeared for a while, but is making a comeback. If you'd like a local referral to a good direct lender, please email me. And if you're shopping on your own in my neck of the woods, give me a shout. Maybe we'd make a good fit.
In any event, best of luck to you!
Jeri Creson, Broker
TotalAccess Realty Advisors
I don't see anything in the MLS for that price. The least expensive home I found on N. Raymond is 1271 N. Raymond for $261,000 it's 4 bedrooms and 2 baths. What you might want to do is get pre-qualified (if you haven't already) and work with a reputable agent. Otherwise, you will waste many hours chasing rainbows. Also, if you want an agent to do a better job please supply the address.... more
They are going to want to you to pay for it, so you'll need money - cash or a loan from somewhere. Beyond that, you need patience, as banks are a pain to deal with, and you'll want someone to walk you through the proces~a good buyer's agent. Find an agent that has assisted buyers with buying foreclosures this year. I wrote a series of posts on the process, and how it differs from "normal" transactions. Some things will be different, as you are on the other side of the country... but honestly, most banks' processes are the same, so it is only the real estate laws that will differ. Knowing what to anticipate will keep you from getting so frustrated.... more