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Financing in Warminster : Real Estate Advice

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  • Home Buying7
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Activity 4
Mon Oct 21, 2013
Mike Bottaro answered:
A 203k renovation loan is by far your best bet as long as the after repair appraisal value is under $417k. Just be sure the loan officer/bank is familiar with how 203k loans work. They are a bit more complex than your average loan and not many lenders currently still work with these types of loans. If you need a point of contact to assist I would be more than happy to put you in touch with a local 203k expert.

Mike Bottaro
Realtor
HomeStarr Realty
Office: 215-355-5565
Cell: 267-307-2444
Fax: 267-282-5666
Email: mbottaro@homestarrinc.com
"Before You Schedule to Show, Call Bo"
... more
0 votes 8 answers Share Flag
Tue Nov 15, 2011
answered:
Hello Runamok,

Rural development funding is now available.

Best Regards,
Alan Openshaw
Cornerstone Lending
Southampton Pa
267 992 7276
VOTED BEST OF BUCKS 2010
0 votes 7 answers Share Flag
Tue Mar 30, 2010
answered:
Hello Pat,

In most cases we take your information and submit it through a computerized loan underwriting system that tells us that they will approve the loan subject to a number of conditions. Sometimes the loan is denied because of credit score or excessive debt or possibly other reasons, and sometimes the loan is
" referred " which means the underwriter has to manually underwrite the loan and make their own determination.
That is where you are at according to the mortgage banker. However, given what you have told me you may be able to resolve that issue if I know the whole situation.

Alan 267 992 7276
... more
0 votes 7 answers Share Flag
Wed Dec 23, 2009
Erica Ramus, MRE answered:
Jefferson's answer below is excellent. Work at raising your credit score. Rent for a while, raise that credit score, pay off old debts and then when your score rises talk to a lender. ... more
0 votes 22 answers Share Flag
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