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San Juan : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying4
  • Home Selling3
  • Market Conditions0

Activity 13
Sat Apr 2, 2016
Kevan Pewitt answered:
If you choose to owner finance a home, I highly recommend you have an attorney draft the documents and close at a title company. If you do this, the closing will be handled in a proper manner and can avoid most legal problems down the road in case the buyer defaults on the mortgage. ... more
0 votes 1 answer Share Flag
Tue Aug 5, 2014
Christian Gallego answered:
Here is a list of mortgages that require little to no money down:

0 Down Payment
- Veterans Affairs (VA) loan for qualified veterans or active duty members
- Navy Federal No Down Payment Loan to qualified members
- The Department of Agriculture's Rural Development mortgage guarantee program (USDA)

Small Down Payment
- FHA Loan, which requires a 3.5% down payment
- Conventional loan 5 - 10% down payment

Christian Gallego
Realtor and Marine Corps Veteran
... more
0 votes 3 answers Share Flag
Fri Aug 1, 2014
Annette Lawrence answered:
I don't know.
Give the nearest Remax office a call and I'll bet the broker will have a REALTOR at your door before happy hour is over.

Please be aware, response notification on Trulia is disabled. I will not be aware of any follow-up questions and may not receive an inquiry if you use that 'contact' link. If your need is urgent for a response from me, you will need to CALL.

Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
... more
0 votes 1 answer Share Flag
Tue Jul 16, 2013
Don Groff answered:
You may. I work with several lenders that will work with clients down to 580 but it's not always easy. You would have to go FHA and would not need to put more than 3.5% down unless you wanted too. If you would like to talk please give me a call. As a broker I work directly with 4 or 5 lenders that can go that low so I have several options even for somebody like yourself.

You can also go back and look over my answers on how to rebuild your credit. I have answered countless questions on this.

Hope this helps.

Thank you,

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 |
websites: |
... more
0 votes 9 answers Share Flag
Mon Jul 1, 2013
Juan Carpio answered:
Hi Juanita,

When you work with a Realtor he or she will be able to advise you about the properties that have sold. With that information you will be prepared to make a good decision of what to offer.


JC Carpio
Keller Williams Realty RGV
... more
0 votes 2 answers Share Flag
Mon Jul 1, 2013
Don Groff answered:
Yes, 3.5% down is an FHA loan which comes with upfront and monthly mortgage insurance. Conventional options start with as little as 5% down and for borrowers with excellent credit that is probably a much better option as you can eliminate the monthly mortgage insurance eventually and there is now upfront mortgage insurance. You can also have a second lien and avoid mortgage insurance all together.

So there are a lot of options. This does not include the different financing types like VA or USDA that offer 100% financing should you and or the property qualifies.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 |
websites: |
... more
0 votes 3 answers Share Flag
Tue Aug 21, 2012
Anna Ruggles answered:
I would like to help you sell your home. My newest listing is on Lucky Drive close to your home. Give me a call 956-393-1935 . Anna Ruggles Real Estate Services.
0 votes 2 answers Share Flag
Thu Sep 8, 2011
Sera Smith answered:
I do have a few lenders that will do a FHA loan under 580 FICO score. It will require a higher down payment. Depending on why your FICO score is low, they may require extra criteria to be met. If you want to go this path, you may contact me either by email or telephone. It will not be as easy and will require extra work.
Sera Smith
NMLS # 354776
Loan Officer
Bluesky Lending
214-405-7264 cell
1-800-887-5824 fax
... more
0 votes 2 answers Share Flag
Tue Sep 6, 2011
Bruce Lynn answered:
Get with a loan officer in your city.
Let them help you go over your credit report.
They can likely provide you guidance on how to improve it.

The basics are pay all bills on time, pay down balances on credit accounts to less than 50% of balances,
make sure all items are yours and dispute any that aren't. If there are any inaccuracies such as balances on items you have paid off, ask reporting agency to update.

Save money now for down payment and closing costs while your score improves.
... more
0 votes 2 answers Share Flag
Tue Jun 30, 2009
Margaret T. Hatcher answered:
Of the answers you have received T.E.Summer has given you the correct answer. Now I an not in your area and can not assist you in your home search or purchase( Legally I could write the contract but that would not be representing you.). So that being said , you can go to my web site and under buyers there is a place for you to work with your ratio and see what it is and what you may qualify for. Do not contact a lender through my site or anyone elses. You do not wan a "Dot Com " lender - you want one from your area that you can sit across the table from.
Good luck in your home search and purchase
... more
0 votes 4 answers Share Flag
Sun Jan 11, 2009
Tommy Burris answered:
620 + gets the same rate as 800 on FHA loans.
However, 5.5% is a tad high for FHA today. You should be able to get 5%
0 votes 1 answer Share Flag
Wed May 28, 2008
Norma answered:
Melinda, if you think rent might be too high for the area in which you live and your chances of getting a reliable renter is slim, you can consider seller financing your current home and ask for a down payment from the buyer and set an interest rate. During these times, buyers are having trouble getting approved for mortgages but this doesn't mean you can't sell your home to someone that might have a good down payment and less than perfect credit. I would suggest you consult with a good real estate attorney to get this set up for you. Don't lose sight of your dream home. There are many options for you to consider! ... more
0 votes 8 answers Share Flag
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