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Financing in Richmond : Real Estate Advice

  • All468
  • Local Info63
  • Home Buying128
  • Home Selling23
  • Market Conditions23

Activity 17
Thu Nov 3, 2016
Usvilletexas answered:
Try your bank 1st, then FHA, if you buy a $100,000. House and only finance 30,000. Been at the same job, or guaranteed income, you have a good chance. 80% chance.
0 votes 1 answer Share Flag
Wed Apr 6, 2016
USMortgageRanger answered:
Based on your post it is quite possible to do a cash out refinance depending on the credit score and income stability. I would be delighted to assist you in making your dream a reality.

Lowell Sterling
NMLS 968898
PH 469-347-3572
... more
0 votes 1 answer Share Flag
Sun Apr 5, 2015
Brian Martucci answered:
On a co-op the best option you have is asking the listing agent or management company who the co-op has all of their "recognition agreements' with. These are the agreements that some lenders make to lend in a certain co-op after doing all the due diligence in them. I find that there are usually 3-4 lenders that a co-op will have a recognition agreement with, and then you can call one or several of them and get their terms. Ask for Good Faith Estimates. Hope that helps! ... more
0 votes 1 answer Share Flag
Mon Feb 3, 2014
Kevin Sweeney answered:
Yes, the Homestyle Mortgage is one of our more popular products (along with the Homepath).
PrimeLending Ranked 4th in Nation for Purchase Units in 2013 – Second Year in a Row.
Feel free to call my office at 804-253-9675 or email ksweeney@primelending.com.
... more
0 votes 3 answers Share Flag
Thu Oct 31, 2013
jeff12345 answered:
Randy Roberts stop spamming Trulia. The Lendersnetwork is a scam buyers beware. They hire people to creat fake profiles and spam Truila.

Look at Randy Roberts profile. He has 100s of spam comments left on blogs. ... more
0 votes 8 answers Share Flag
Thu Oct 31, 2013
jeff12345 answered:
Randy Roberts stop spamming Trulia. The Lendersnetwork is a scam buyers beware. They hire people to creat fake profiles and spam Truila.

Look at Randy Roberts profile. He has 100s of spam comments left on blogs all spam. ... more
0 votes 13 answers Share Flag
Fri Apr 5, 2013
Alison Hillman answered:
Hi there-

I would recommend working with an agent: http://www.trulia.com/voices/directory/Chippenham_Forest-agent--86734

Hope this helps,
Ali, Community Manager
0 votes 1 answer Share Flag
Wed Dec 12, 2012
Restoration Capital answered:
Restoration Capital (www.restorationcapital.com) has been serving the Northern Virginia area for many years. Just a couple articles on us:

CNN Money: http://money.cnn.com/2011/04/13/real_estate/vulture_investors_profits/index.htm

Washington Post: http://articles.washingtonpost.com/2012-10-14/business/35499585_1_short-sales-home-prices-houses

As one of the managers, I can tell you we personally speak to each customer to make sure you get a loan that fits your needs. No long waiting either, we can typically fund in 3-5 days and we take pride in the fact that

I hope we'll hear from you!
Justin K
... more
0 votes 2 answers Share Flag
Wed Oct 31, 2012
Beth Grant answered:
It is usually a requirement of the automated underwriting system that the Lender uses, in order to verify the income, check for expense write-offs, etc. A big concern, here, is why the CPA would lie about the date the taxes were filed. I believe the lender will have a problem with that. You can ask BB&T if they would accept the information from the tax advocate directly, or in the past, I've known of people that have taken the tax returns to IRS in person and had them stamp EVERY PAGE and then taken that to the Lender .. in this case, though, where the taxes have already been filed and you're waiting for the transcript, you really can't refile. I would suggest your contacting a local lender in Richmond ...Jerry Mabry is the CEO of Village Bank Mortgage. Try 804-330-9800. That is the main number; I don't have his direct line. He will be honest with you and let you know if there's anything they can do or if you're out of luck without the transcripts. Also check with BB&T to see if there is any way to expedite things or if they can use the proof of filing ... Best of luck! ... more
0 votes 4 answers Share Flag
Thu Jan 26, 2012
Cathy Loving answered:
Tue Aug 16, 2011
Tina Beasley answered:
Crossmiles,

It looks like you have gotten a lot of answers to this question. Checking out your options with a reputable lender is the first thing you need to do. Then you need to find an agent that will listen to your needs and find you the home of your dreams. I can help you with these tasks, just give me a call. I have a couple of lenders that I work with here locally that will be more than happy to help you with your mortgage loan. Of course, I would be more than happy to help you find a home. Looking forward in having an opportunity to assist you.

Tina Beasley
Associate Broker
Envision Real Estate, LC
804-972-9927 Direct
... more
0 votes 6 answers Share Flag
Sun Nov 7, 2010
Suzanne MacDowell answered:
Get in touch with your local Small Business Administration. They may be able to point you to a lender that offers SBA loans. You should be OK as long as you have some collateral, not necessarily cash, but something to back the loan. That could be in the form of an IRA, 401K, home equity. There are many creative says to find the collateral. SBA is your best source of information when purchasing a business. ... more
0 votes 1 answer Share Flag
Fri Oct 15, 2010
Pacita Dimacali answered:
Only one: the husband had co-signed a loan with this son to buy the son a car, so that weighed heavily on his financial ability and qualifying income to buy a house with his wife. Neither the son nor the father can afford to pay off the car loan.

So they'll have to wait until that loan is paid off.
... more
0 votes 6 answers Share Flag
Thu Sep 23, 2010
Lori Jeltema answered:
Check your contract. If you are in using our standard contracts, it clearly has a place for you to fill out the lender you intend on using and it also states that you have to obtain written permission from the seller should you want to change.

Read an offer to purchase before making any decisions. If it requires you to list your lender, shop your lenders and list a few that you are taking under consideration on your contract so you have them stated clearly and can decide after ratificatin without having to go through the seller for permission.
... more
0 votes 4 answers Share Flag
Sun Jul 11, 2010
Yanni Raz answered:
You can do loan modification or short sale your home.
Banks these days will try to help you so you will not foreclose on your home.

Go to this link and maybe you can get help with your debt. ... more
0 votes 2 answers Share Flag
Tue Dec 1, 2009
Brenda Feria answered:
Is your job description the same or similar as the one you were in for 6 years? You may have to be on the job for 6 months before it can be counted. Have you thought about FHA? You would still have to pay mortgage insurance even with 20% down, however, it the loan amount does not go beyond FHA limits, that might be your best bet, unless of course you or your husband qualify for VA. Call Nannette Shor at Trustmor Mortgage. Here number is 262-7408 if you want to try another lender. You will need to speak with your agent because, changing the type of financing may mean that you have to change the terms of your contract.

Good luck. I hope that this helps.


Brenda Feria ABR, CREC-C, CSA, GRI, SRES
Owner/Broker
Park Place Properties, Inc.
5604 Grove Avenue
Richmond, VA 23226
804-285-2828 ext 3002
bferia@aol.com
www.parkplaceprop.com
hablo espanol
... more
0 votes 2 answers Share Flag
Sun Sep 6, 2009
Vicky Chrisner answered:
I think you'll have to refinance. If he's not on the title, I am not sure why it bothers you that he's on the loan?
0 votes 1 answer Share Flag
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