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Fha Townhouse Approval All Locations : Nationwide Real Estate Advice

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Activity 165
Showing results for Fha Townhouse Approval [Clear search]
Mon Oct 8, 2012
Helen Mazur answered:
Hello Rick. There are other ways to finance I home other than FHA. Sometimes the home itself is tied to a certain type of financing. You might try to find a HomePath home which overlook some of the FHA qualifications. My number is 847 - 757 - 6267. You won't be able to buy the home you found, but there will be another homes for which you can be qualified ... more
0 votes 3 answers Share Flag
Sun Oct 7, 2012
Annette Lawrence answered:
Discrimination is against the law.
Your source may not be well informed.

Consider consulting a professional
0 votes 7 answers Share Flag
Mon Apr 15, 2013
Shane Milne answered:
An owner occupied duplex can be purchased with FHA financing with 3.5% down. Fannie Mae caps out at 85% LTV, Freddie Mac caps out at 80% LTV.

Shane Milne | Lending in all 50 states | NMLS #81195 ... more
0 votes 10 answers Share Flag
Tue Oct 9, 2012
Tim Moore answered:
Most Realtors are honest. You would have to look hard to find one that is not and that has been in business for a long time, so find one with experience and you likely have found a good one.
Good luck.
... more
0 votes 25 answers Share Flag
Tue May 7, 2013
Audrey Hunt answered:
You have to watch where you purchase if you plan on renting out rooms! Better check first where that is allowed. Condos or townhouse maybe/ Parking can be a problem. Check with a lender to see what you can purchase. Rates have never been so low! I'd be glad to help you1 Been in the business over 27 years! ... more
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Wed Oct 3, 2012
Maria Jessica DeLuna answered:
If you are looking for condos, there are not a lot that are FHA approved. How ever, single homes are also eliglble for FHA.. call me for.more questions.
Maria Jessica DeLuna
Keller Williams
... more
0 votes 12 answers Share Flag
Tue Sep 4, 2012
Jody Seibert answered:
The problem would be that the community has probably lost it's FHA certification. It would no longer be eligible for FHA backed loans, but should still be able to qualify for conventional financing with some lenders. ... more
0 votes 3 answers Share Flag
Thu Jan 10, 2013
Terri Vellios answered:
The reason the seller is selling short sale is that they owe more money on the house than they can sell it for. Also, they may not be able to pay their payments and may be near foreclosure. Even if they would consider it, it is risky for you. If you pay them and they don't pay the bills, keep your money, then the house goes to foreclosure you are out of money and out of a home.

If they did make the payments and when you are ready to buy, there is still going to be more owed on the house, how is that going to be paid?

I don't recommend a rent to own on a short sale.
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0 votes 8 answers Share Flag
Fri Aug 10, 2012
Steve Quintana answered:
Do you still want to terminate the deal? If so, someone on your end should review all the docs and details to see if you have a plausible reason to terminate and get that process moving. ... more
0 votes 7 answers Share Flag
Sun Dec 30, 2012
debra.hunter1 answered:
Contact me today...909-634-6130 I know the area of Pomona very well call me we can started today
0 votes 3 answers Share Flag
Tue Jul 25, 2017
Penny Hay answered:
It can be difficult to find financing for loans in that pice range. Have you considered a personal loan. Perhaps asking a family member or a local bank. Good Luck
0 votes 188 answers Share Flag
Mon Jul 16, 2012
Reed Working answered:
I would say typically a single family home is going to offer a better return and ease of resale than a townhouse.
0 votes 8 answers Share Flag
Wed Jul 11, 2012
Jose L. Hernandez answered:
Home Path Program or HUD Homes

Jose L Hernandez
0 votes 14 answers Share Flag
Sat Jul 7, 2012
Janey Bishop answered:
If you are discussing condo it depends on the complex and the unit. For complex best source is the Listing agent who may have checked or the property manager.

On single family homes, you will know if there are features that will disallow the property but the appraiser can always call out conditions for approval based on his/her inspection. ... more
0 votes 6 answers Share Flag
Tue Jun 26, 2012
Tom Lifrieri answered:
You need to look at the tax records. This is what I just found...
County Use Code: 0106 / TOWNHOUSE/VILLA
State Use Code: 01 / SINGLE FAMILY

This classification would indicate that it is not a condominium and should qualify for FHA financing. I can check with my lender in the morning if you would like more info. Please contact me if you would like more assistance.

Thank you

Tom Lifrieri
... more
0 votes 5 answers Share Flag
Fri Mar 8, 2013
Carlos Vazquez Tent answered:
Senor Castillo lo primero que debe hacer es ir a una Oficina de Mortgage y precalificarse para ver cuAnto el banco le presta y de ahi busque un Realtor que le ensene las propiedades con los criterios que ud quiera y lo guiara en el comPlejo proceso de comprar una vivienda y se que ahi en esa area hay algunas casas bien baratas y buenas pues la semana pasada yo ensene casas ahi mismo a un cliente , si necesita ayuda puede contactarme .
Carlos Vazquez
954 297 4001
... more
0 votes 14 answers Share Flag
Thu Jun 14, 2012
Scott Godzyk answered:
Start by meeting with a local and trusted loan officer who can porequailify you at no cost., Then hire a buyer broker who can guide you through each step of the buying process.
0 votes 6 answers Share Flag
Fri Jun 15, 2012
Byron Lohman answered:
I see these questions on Trulia all the time. All of the sale types you mention as well as regular sales are usually represented by Real Estate agents and posted in the MLS. A good buy doesn't necessarily need to be distressed to be the "perfect home" you are seeking. Be open to seeing all types of listings and there's really no need for an agent that specializes in distressed sales. You may want to target an agent that specializes in the area/neighborhood you are looking though. You should also seek an agent that communicates with you well and understands any particular needs you may have with financing, schools, work commute or other factors.

While many distressed homes may appear by price to be the "low price" there are other factors such as deferred maintenance or other repairs that sometimes are difficult to achieve in the negotiation process on those type of sales. In pre foreclosure (short sales) the investor will rarely pay for the delinquent condo HOA dues so while the purchase price may appear low, there may be costs that you the buyer will need to pay in order to close.

I'd just suggest that you be open and try to find the best property you can within your budget.

Please let me know if I can help with any other answers. I know a number of great agents in the Los Angeles area that may be a good fit for you!

Byron Lohman, ABR, CDPE, SFR
Prudential CA Realty
DRE# 01272085
... more
0 votes 23 answers Share Flag
Mon May 28, 2012
Dorene Marino answered:
Townhouses do not fall under the same rules as Condo's as far as FHA loans are concerned. You can get an FHA loan on a Townhouse. Here's the link if you'd like to search which condo's are approved. Just enter the city and state.

Dorene Marino
Licensed Real Estate Sales Agent
Robert DeFalco Realty
Cell# 646.270.0112
... more
0 votes 5 answers Share Flag
Wed May 23, 2012
Jessica Berger answered:
You can ceretainly find homes in the Portland area in this price range. It all depends on how big of a house you are looking for, a 2 bed/ 2 bath home will be quite simple to find but 5 bed/3 bath will be much more work. You may also want to look in some of the suburbs, Beaverton and Tigard are both great areas with only a short drive into Portland, prices are a little lower here also. If you are worried about crime, This is a great way to do some research-- you can just type in the address of the house in question. I would also be happy to discuss different neighborhoods with you and suggest some areas that will be best suited to your needs and price ranges. Let me know if I can help! ... more
0 votes 11 answers Share Flag
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