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Fha Current Percentage Rates All Locations : Nationwide Real Estate Advice

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Showing results for Fha Current Percentage Rates [Clear search]
Wed Dec 5, 2012
The Medford Team answered:
To be honest, no one really knows. In reality, the current boom in the Bay Area is not economy driven – it’s being fueled by the extreme lack of inventory. We’re seeing prices shooting up and seeing multiple offers on absolutely everything out there right now. Since our current market frenzy is not driven by the economy, we have no idea how this will be affected should the cliff actually occur.

We can speculate and pontificate at length … but we really don’t know for sure.

Here are some posts that may be helpful:

Sellers’ Market Goes ‘Insane’

Midwest Drought Mirrors Current Housing Market
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0 votes 5 answers Share Flag
Fri Feb 28, 2014
Michael Cheng answered:
Mon Nov 12, 2012
Terri Vellios answered:
This can not be answered by statistics. The time to move is when you are ready, you have found the property that fits your criteria and you can afford and that your job and life is stable.

We know that our inventory is very low so that is the best of Sellers. Interest are low that is Great for Buyers and Sellers. Yes, it is going to be challenging to buy so having a contingency in place is recommended.

As an agent we are in the field daily and we network with other agents, look at inventory, read the market trends from National Association of Realtors, California Association of Realtors, our Local Realtor Board, News Articles on trends, and what we experience with our clients.

Have an amazing day!
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0 votes 13 answers Share Flag
Wed Sep 26, 2012
Jessica Tracy answered:
The minimum down payment requirement for FHA is 3.5% of the sales price. Your mortgage payment would depend on how much you put down, the taxes, insurance, and interest rate would be to get an idea of how much your monthly payments would be. ... more
0 votes 4 answers Share Flag
Tue Nov 12, 2013
My NC Homes Team answered:
Typically repairs are up to you unless you get an FHA 203K loan which would give you some additional money (along with many rules to adhere to) to repair your home. This is a specialty loan product and not every lender handles them but I'm sure there are some who do in your area.

You're obviously looking at foreclosure properties, and honestly as someone who helps at least 10-15 buyers a year purchase foreclosure properties, I hope you'll read the article I posted below. Trust me Foreclosures are rarely a great deal. Most are a fair deal at best after doing all the repairs/improvements necessary. It's often easier to buy a better home that's not being sold as-is.
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0 votes 9 answers Share Flag
Wed Aug 29, 2012
Byron Kacheris answered:
Va loans are no money or $1 down loans..
0 votes 8 answers Share Flag
Thu Sep 20, 2012
Keith & Kinsey Schulz answered:
A mortgage won't prevent you from renting a property. Our rental properties have a mortgages on them. One thing that could prevent you from renting a property would be a condo association. Many associations do not allow rentals. The associations that do allow rentals are typically harder to sell and finance because lenders are a bit more strict about these.

Also, if you are purchasing a property that you do not plan to personally occupy, usually closing costs and interest rates are higher.

Best of luck.
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0 votes 9 answers Share Flag
Sat Oct 6, 2012
Noah Newbegin answered:
Although VA does not have a minimum required credit score, most lenders require at least a 620, and I only know of a few that will go down to 580. If you are over 580, I can probably make it work so long there are other compensating factors (high, consistent, documented income.)

I can pull your credit, and give you some basic advice on how to raise your credit score.

Let me know,

Noah Newbegin
Ocean Mortgage NMLS# 322028
Senior Loan Consultant NMLS# 780201
Ph: 858-345-2776
Cell: 858-212-4794
Fx: 858-362-9177
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0 votes 11 answers Share Flag
Sat Aug 18, 2012
Bill Parker, CPA* answered:
Hi Sandispann:

Yes, there are ways to buy a home with bad credit and a large percentage down, but they are not through the normal channels such as FHA, Fannie or Freddie. The days of "Stated Income" or "No Doc/Qualify" are gone, and even then the only way you got those loans was with great credit.

So, what you are faced with is going with hard money loans (high interest rates) or seller financing (current owner carries the loan for you, usually at a somewhat higher rate than market rate), etc.

Good luck.

Bill Parker
NMLS #223607
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0 votes 7 answers Share Flag
Wed Feb 10, 2016
Ron Thomas answered:
What do YOU do for a living?
Can we work a deal where you do your work, and I get half of YOUR pay?
Why do you think you should be entitled to half of my pay?
0 votes 115 answers Share Flag
Mon Aug 20, 2012
Angela Schrager answered:
You should check with the contract that you signed, but there is usually a clause in most real property sales contracts stipulating what the options are when an appraisal is one of the conditions of sale (and financing). Depending on the specifics of the contract, the buyer can walk away and have their deposit refunded, or they can proceed at the same price but come up with the difference in appraised value and sales price themselves, or most commonly, renegotiate for a lower price.

This is very common and acceptable.

Hope it all goes well,

Villa G Realty, Inc.
Tel: 954-816-7996
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0 votes 52 answers Share Flag
Fri Jul 27, 2012
Kim Ryals answered:
There are less downpayment options but you must qualify for them. There is a loan that a few lenders have called a Homepath loan and you can get into properties using as little as 3% up to 10% percent down depending on the condition of the property. With the right credit, lender and a realtor with the knowledge to assist you can make all the difference. Hope that helps, call if you need the # for those lenders in the area. Coastal Kim Best # ... more
0 votes 10 answers Share Flag
Thu Oct 4, 2012
Anna M Brocco answered:
Ask people you may know for references, or consider interviewing in person a few agents from different realty offices, then choose the one you like best. For information regarding 203k rehab loan see link below...If you need loan officer recommendations feel free to contact me directly...
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0 votes 7 answers Share Flag
Tue Apr 2, 2013
Cynthia Fleming answered:
Are you looking only in Ladera Ranch or will you consider other cities as well?
Currently there are no SFR (single family residential) detached homes available in your price range in Ladera.
However, there are two properties available, both are detached condo's.

One is a 2 bedroom, 3 bath home with 1400sq' and it's on the market for $310,000.

Then there is a 3 bedroom, 4 bath home with 1700sq' on the market for $440,000.

If you would consider Mission Viejo, there are 4 SFR/Detached properties currently on the market priced from $364,900 - #399,900. There are three 2 bedrooms and one with 3 bedroom.
If you would like me to send you these properties, I'd be happy to - email me at:
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0 votes 19 answers Share Flag
Sun Nov 15, 2015
Cindy Davis answered:
You can always try - but I think you are safer legally if represented by an agent. I offer a variety of programs for fsbo sellers - I encourange you to get in touch with me directly.
0 votes 62 answers Share Flag
Tue Jun 26, 2012
Tonya Bouvette answered:
Hi Hans,

Your best bet is to check with a qualified mortgage person. They can tell you all of their restrictions and if you would qualify. I work with several different lenders that have various degrees of ability to loan. If you would like me to refer you to them please call or email me.

As a quaified professional I am here to help you through your entire homebuying process.

Tonya Bouvette, Realtor, CDPE, CNHS
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0 votes 13 answers Share Flag
Tue Jun 5, 2012
Jennifer Bolen answered:
Janet, if you have access, look at who is selling condos in your building. Ideally, you have someone familiar with the features of your building, understands the HOA and the HOA's finances etc. Also, I'd look at the agents marketing and how they have presented other listings, not just in your building, but their other listings as well. Do they take high quality photos, do they put effort into the marketing remarks, do they BELIEVE in your property, is there spark or passion for what they do? What type of negotiator are they and are they willing to WORK for you? Are they ego centric or focused on you and your needs? Experience is nice, but experience without marketing and negotiating skills adds up to zero for me. A passionate agent, who likes their job, cares about your end result and who can negotiate for YOU is a win all the way around. Best of luck! ... more
0 votes 23 answers Share Flag
Fri Jun 21, 2013
Anna M Brocco answered:
Ask people you may know for recommendations; if you are not comfortable with whoever your agent suggests, do shop around...
0 votes 11 answers Share Flag
Mon Apr 15, 2013
Dave Skow answered:
I would get yourself completely pre approved and continue to search the way you are prepared to place a strong offer (with as few contingencies as possible, a good earnest money deposit and a relativelyt short closing timeframe like 30 days or less ) on the property that you find appealing as soon as you are ready ... more
0 votes 40 answers Share Flag
Wed Dec 10, 2014
Blueeyedgirl43 answered:
I am doing something similiar to that too that is called a seller concession.. A seller concession is that you build the closing costs into the loan and I so far had no problem using that.. Have you thought to try that??? So the seller isnt paying anything.. and you are rolling the closing costs in your loan. The only thing is the house has to appraise a little higher then you pay to cover the concession. I am currently doing a six percent conscession.. good luck! Ask your mortgage broker about that.. They usually approve no prob.. ... more
0 votes 16 answers Share Flag
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