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Home Buying in 58801 : Real Estate Advice

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  • Home Buying1
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Activity 3
Mon Jun 17, 2013
Mary Splichal and Amy Fredrickson answered:
Hello AllMyGirls5:
To qualify for a loan, the lender will look at your credit score and your debts and your income. Is your house rented out in Utah? If so, that may off set your house payment - up to 75% of your rental income used to count towards your income. If thats still true, it will help a lot.
If your credit score is in the High 5's you may have to wait a little while to buy another house. Most lenders want a mid to upper 600 credit score. However, if you can put a large downpayment on the house, you may still qualify. I recently had a client come in at around 620 and he could get a loan, but had to put more money down, like 25% vs 3.5 to 5% down if he had a higher credit score. He is doing a few things to help increase/repair his credit score and will wait a few more months before he try's again. I recommend you find a local lender to give you advice. I can refer you to a good real estate agent from the Williston area if you would like. They will know the best lenders to talk to...let me know if you want a referral.
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Thu Feb 6, 2014
Mordred4 answered:
Rental rates are pretty high right now. We often see one bedroom apartments go for upwards of $1000 a month....if you can find an apartment. Homes in my neighborhood are renting for around $4000 a month. (and I am selling my home, so if you are interested I'll send you the link on Realtor.com) ... more
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Sun Sep 1, 2013
oxby answered:
A lot of counties in North Dakota have tax records right online. The state also has a lot of tax records online. We are very open about property taxes. Many of us pay our property tax online as well. I will say that property taxes have gone up in Williston in the last several years due to the oil boom. Your not going to be paying a couple hundred dollars in property taxes any more like you use to. But is will not be like other states. ... more
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