Existing dwellings require a property visit for initial program suitability. If repairs are necessary additional inspections (Repair/Rehabilitation Inspection) will be required. (NOTE: In rare circumstances an inspection could reveal that the property did not meet program requirements and cause a transaction to fall through. For these cases only, the Agency may cover the cost of the suitability inspection instead of the applicant.) A new construction dwelling requires two inspections (footing and framed-in), but could require more depending on the nature of the construction contract. The final inspection will be performed by Rural Development for repairs and new construction.
Very good area. I lived on this street for 15+ years. Just sold my house this year to downsize. Great neighbors, quiet. No crime that I know of. Schools are okay. Not sure how the schools rank.... more
Hi! I am a local REALTOR and will be glad to help you. I can set you up in MLS to email you every time a new listing comes up with acreage. This will keep you updated on the market. Feel free to email me at firstname.lastname@example.org or call/text me at 704-437-0204... more
Hi! Statesville is a very safe community. I love living here and raising my kids here. We have rural areas and downtown areas that would be safe but it depends on the kind of home you are looking for. Please contact me and I'll be glad to help! You can reach me at 704-437-0204... more
Hi Susan! I know you have those figures but ran them anyway. Let's compare :-)
In Statesville you have an average sales price of $137,000 including the homes by the lake. If you take out the lake homes and just included area 12 around Statesville, the average sales price for homes sold in the last 12 months is $131,000. Average days on the Market is around 145.... more
If you have a job and your credit is over 640. There is a very good possibility that you can buy now. With the prices of house, anyone that can qualify to buy, should. Just let me know how I can help! Linda... more
I'm not sure what type of advice you've received so far, but a paid student loan that was once in collection doesn't disqualify you for FHA per se. I take it you didn39;t rehab the student loan? Because if you did then often after making all of the rehab payments they retroactively remove prior late payments. If the student loan went to collection within 12 months then that is likely the issue, because with the exception of medical collections, any late payments or new delinquent accounts (collections, charge-offs, judgments, tax liens, etc.) within the past 12 months is almost always a killer for FHA financing if there is a repeated pattern.
If your credit has been clean for 2 years (like you indicated in your profile that you've been cleaning up your credit for 2 years - so I am hoping in the process of cleaning old things up there weren't new late payments & delinquent items popping up), and you've had at least 12 months of on time payments, then you should have a good shot at FHA financing as long as your debt ratio works out... collections recently paid included (it's not when the collection is paid, it's when the account went to collection).
"so after 6 yrs of not being able to pay the loan, I finally get it paid in full, and now I'm gonna spend forever waiting on a lender to allow me to provide my children a decent home" - that attitude needs to improve. It's not a lender you are waiting on, one isn't going to pop up out of nowhere - you have to find one. It stinks when you don't have the best credit and you need to get a mortgage, I see it every day, but you just need to keep plugging along and make it happen for yourself. It's great you got the confidence to contact Bank of America, and you probably didn't know, but calling up bank and getting a random loan officer isn't going to get the job done (one of the worst ways to find a good loan officer, just calling a company and getting someone random), you had Daniel Fisher extending help, however from his resume, even though he's done practically everything in the real estate industry, it doesn't look like he has extensive residential lending/underwriting experience so you'd want to get an *individual* loan officer recommendation from him and not just another name of a bank.... more
Debi Frazier is a very good agent. She works for Coldwell Bankers. She is good at finding homes that fits her clients specs. She handled everything for us so all we had to do was contact her for updates. She worked really well with our lender and got the things done that needed to be done.... more
The same way you do for a property that is listed for sale - you need an analysis that provides the market value - this is easily done by a local agent and I would recommend you work with one. Most for sale by owners will cooperate, ie agree to pay half the commission if you ask. Have your agent call them to inquire.
Now if you have already seen the property without the agent it could be tougher to get the seller's acceptance to pay the commission.
Bottom line is this, you want to look at actual sales in the last year, 6 months, and very recently to estimate the appropriate range.
Generally I find that sellers who try on their own want to get over market, and often buyers who engage with them want to get below market pricing - ah, the disconnect of it all.
Your goal should be to pay no more than market price, and the analysis will guide you.
Unwavering Commitment to Service... more
Hello Tracy! Have you considered Lake Hickory? We have a beautiful lake with excellent bass fishing and lots of tournaments. Also great public access to the lake. And only about 1 hr to Charlotte. Feel free to call me at 828-234-8775 or email at BonnieT@kw.com, or better yet, visit my website for LOTS of info - www.HickoryHomes.info. Bonnie Tamrack.... more
I agree with where Shannon is going with her post. I would strongly suggest you get with a lender (in North Carolina if you are moving from out of state). A good lender will tell you exactly what you need to do for banks to approve you and for how much approx. I have several I use and I work a lot with troubled credit. Feel free to phone me and I can tell you their contact info... or you can email me email@example.com. I have worked in real estate for the past 10 years and a lot of that in Statesville, Troutman and Mooresville. My website also has some very useful info for FREE !!!... more