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Financing in 34117 : Real Estate Advice

  • All16
  • Local Info3
  • Home Buying7
  • Home Selling1
  • Market Conditions0

Activity 25
Tue May 28, 2013
Scott Riddle answered:
I Would try capital one they portfolio their loans so with a larger down payment they may do Canadians. If you have questions call me I'm working on a new construction Quailwest right now and we're using capital one with great success

Scott Riddle
239 289 1849
REAX Affinity
... more
0 votes 6 answers Share Flag
Fri Mar 28, 2014
Kevin Cloutier answered:
Call Janice Wescott at 1.888.775.4200 or Nathan Davis at 239.898.8841 and use my name.

Cheers

Kevin Cloutier, Realtor
A HouseSOLD name
Southern Premier Realty
877.840.3413 Real Estate Hotline ... more
0 votes 6 answers Share Flag
Tue Nov 27, 2012
Dave Petkovich answered:
Budgeting is always an "un-fun" obligation...but necessary....However one way to look at it is the investment return you'll eventually have on your residence, and how it will, over the long haul, pay you a big dividend at retirement time. with the exception of the last 4 or 5 years, generally real estate, or "bricks and dirt", has been a good return on the dollar. I feel our economy is poised for that to be true in the near coming future as well, with real estate values on the upswing, and precautions taken by the federal government and lenders to prevent the chaos we recently experienced. ... more
0 votes 4 answers Share Flag
Wed Nov 7, 2012
Carl Henker answered:
There is not a "typical cost", the cost of title insurance and lenders title is based on the purchase price of the property and the size of your loan. You may shop these cost with the different service providers in your area. ... more
0 votes 2 answers Share Flag
Wed Nov 7, 2012
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
... more
0 votes 4 answers Share Flag
Sat Oct 27, 2012
Dustin Beard answered:
Steven -

The required down payment of a condo is not usually dictated by the community, let alone The Strand, which is a quality luxury development. Typically, the down payment required is more so altered by the individual buyer's financial situation and credit score.

Have you consulted a mortgage broker?

I would be happy to recommend one. Please e-mail or call me if you would like this informaiton.

Dustin Beard, ABR, CREN, CRS, GRI
Broker Associate
John R. Wood, Inc. REALTORS
3255 Tamiami Trail N.
Naples, Fl. 34103

www.DustinBeard.com
Cell: (239)289-2650
Fax: (239)325-2787
... more
0 votes 7 answers Share Flag
Tue Aug 7, 2012
Annette Lawrence answered:
Big,
Your very best bet for portolio loans are local lenders.
Find an "A" or "B" graded lender and give them a call.
Simply enter the zip or city name of the location of the real estate.
www.BankingGrades.com

If you want a more reliable and proven source, contact a real estate professional who works the Naples market. These agents are in the business of find solutions. Pick up the phone and call.
No, don't use that 'contact' link.
No, don't email.
Pick up the phone and call, if you are serious.

best of success to you.
Annette.
... more
0 votes 5 answers Share Flag
Sat Nov 19, 2016
Danielle Sharp answered:
There aren't many FHA approved condos out there in general and USDA....not sure if a condo would even qualify. Your loan officer should be able to guide you on which communities are approved and even provide a list.

Here is the link to the official HUD website to find approved FHA condos: https://entp.hud.gov/idapp/html/condlook.cfm
... more
0 votes 11 answers Share Flag
Wed Jul 18, 2012
Suzanne MacDowell answered:
There are a lot of ways to buy a home. Some people pay cash. Some people find what we call 'hard money lenders', private investors that will lend short term money to people for a higher interest rate and fees. I would recommend, though, that you talk to a mortgage lender before doing anything else. They will tell you exactly what you need to do and how long it will take to 'fix' things so that you will be able to buy in the shortest amount of time. Generally the credit reporting agencies like to see three open lines, credit cards, car payments, or something of that nature. If you have ever had one of those things, or a personal loan through a bank, then you DO have a credit score, it just may not be a good one. Then again, it may not be as bad as you think. And the only way to know is to sit down with a mortgage professional and explore your options. ... more
0 votes 17 answers Share Flag
Thu Feb 16, 2012
John Eckermann answered:
0 votes 6 answers Share Flag
Wed Apr 18, 2012
Michael Dekic answered:
Try calling Chuck Kansy at Gulf Shore Mortgage he always seems to come up with alternative solutions. 239-293-2069

If i ever can be of service call me

Dependably yours

JOE EPIFANIO, PA
www.RealestateJoe.com

Downing-Frye Realty, inc
Phone 239 825 6161
joe@realestatejoe.com
3411 Tamiami Trail North #100
Naples, FL 34103
... more
0 votes 0 Answers Share Flag
Fri Apr 6, 2012
Peggy Wagner- Brandon Hatton answered:
Dear Ally,
I would if it were me, but you should ask your accountant or tax attorney. Particularly with investment properties, it is better to be safe than sorry.
0 votes 8 answers Share Flag
Sat Nov 19, 2016
Mike Sullivan answered:
This website may be helpful.... http://www.forfha.com/

Bear in mind that the approvals were reevaluated earlier this year and the site may have some errors....

HOpe this helps
0 votes 14 answers Share Flag
Thu Jun 9, 2011
Scott Godzyk answered:
It certainly could be in some areas, i dont know if it will be a national problem though...
0 votes 2 answers Share Flag
Thu Dec 23, 2010
Tim Moore answered:
I have been told the days of a no doc loan are over for now. Unless you can find a lender who will hold a loan "in house" I don't think you will have much luck of a true no doc loan. Make some calls to local banks that might have in house loans. ... more
0 votes 3 answers Share Flag
Sat May 11, 2013
Truliatracy answered:
Hi Retired

The loan is safe and is Government-Insured by the Federal Housing Administration (FHA), a division of the Department of Housing and Urban Development (HUD). This loan was signed into law as a Government-Insured product by Ronald Reagan in 1988 and since its inception, it has helped hundreds of thousands of senior homeowners safely access the equity in their homes to help them better enjoy their retirement year.

http://www.reversemortgagelendersdirect.com/florida-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-information/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-faq/
http://www.reversemortgagelendersdirect.com/hecm-saver-how-does-it-work/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-disadvantages/
... more
0 votes 1 answer Share Flag
Mon Jun 3, 2013
Lyle Wolf answered:
These links will tell you which condo projects have FHA/FNMA approval:

FHA List of Approved Developments: https://entp.hud.gov/idapp/html/condlook.cfm

Fannie Mae Approved Developments
Scroll Down the Page for the data by State:
https://www.efanniemae.com/sf/refmaterials/approvedprojects/
... more
0 votes 12 answers Share Flag
Wed Aug 4, 2010
Ken Lowe answered:
Please contact me or another loan originator to discuss your persoanl situation.
0 votes 6 answers Share Flag
Tue May 18, 2010
Ken Lowe answered:
Alot depends on your situation, credit and what you are looking to buy. There are several options to proceed with including partial or full owner financing, loans against investments for down payment, private money etc. I am a Realtor and a Mortgage Broker. I would be happy to review your indivisdual situation with you and my underwriting team to determine what we can qualify you for and show you properties that fit withing your range of affordability.

Thanks

Ken Lowe - Realtor and Mortgage Broker
Prudential Florida Realty
239-595-2212
Lowe1991@aol.com
... more
0 votes 5 answers Share Flag
Mon Sep 21, 2009
Roger answered:
Lee I have a lender that will finance FHA at 600 credit score. They are newly contracted with our office. I had not reviewed their VA guidelines yet and will do so on Monday. loantechfmt@yahoo.com ... more
0 votes 2 answers Share Flag
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