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Financing in 85705 : Real Estate Advice

  • All18
  • Local Info3
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 16
Tue Jan 8, 2013
Steffy Hristova answered:
I think Homeowners Financial Group has that loan product. Here is a contact.

Daniel Pesta | Mortgage Consultant
Homeowners Financial Group
55 N. Arizona Place, Suite 204 • Chandler, AZ 85225
Direct: (480) 305-8708 • Mobile: (480) 458-7807 • Fax: (480) 779-1360

Please call me to discuss, there might be others, too.
... more
0 votes 6 answers Share Flag
Tue Jan 8, 2013
David Hopper, GRI, ABR answered:
This is a question for a lender. I suggest that you contact Paul Volpe at Nova Home Loans.

Good luck.
0 votes 7 answers Share Flag
Sun May 18, 2014
Laura Feghali answered:
Hello Jonny On The Spot,
To obtain the most accurate home values it's best to meet with a real estate agent who can discuss a comparative market analysis with the most up-to-date data.
Trulia and Zillow are not as accurate as they are not local nor do they have the capability to compare apples to apples.
I would not base your home's value solely from what you see on these sites but seek out a local agent for a free consultation.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 8 answers Share Flag
Fri Dec 28, 2012
Shane Milne answered:
Yes you can just put one spouse on the mortgage in Arizona, and so no, you do not both have to be on the mortgage loan... however since Arizona is a community property state the non-borrowing spouse's credit is still checked. The credit check isn't to determine if they have a good credit score or not, it is used to determine if there are any monthly payments just in that spouse's name, because if there are, then it will be included in the borrowing spouse's debt to income ratio to determine how much they can qualify for. Some lenders will also evaluate the non-borrowing spouse's credit to make sure there aren't any judgments, tax liens, or recent foreclosures or short sales - those lenders are in the minority though. If you have further questions please let me know.

Shane Milne | Loan Officer in Orange County, CA | NMLS #81195
Direct local #'s: 949-273-4161 or 646-257-4842
Lending in all 50 states, all types of mortgages
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0 votes 5 answers Share Flag
Sat Feb 21, 2015
Spirit Messingham answered:
I have worked with and sent many referrals to Mark DeBenedetti. He is local and does a great job, highly recommend him.

Mark DeBenedetti, CPA

DeBenedetti & Co., PC
1609 N. Wilmot, Suite 105C
Tucson, AZ 85712
(520) 320-1332
(520) 977-3549 - cell
(520) 547-2475 - fax
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0 votes 7 answers Share Flag
Tue Jan 8, 2013
Shane Milne answered:
While a lot of lenders have minimum loan amount requirements, you should still be able to get a loan amount under $50,000 in Tuscon. Under $25,000 is where I see great difficulty. Were you looking to purchase a rental property? ... more
0 votes 5 answers Share Flag
Tue Mar 18, 2014
Loren Hoboy answered:
Candidly, you should pay down your debts, finish cleaning up your credit report and get your FICO score up to 640 to qualify before reaching for a new home. Even with a 640 score, you will find that lenders will limit your monthly loan payment + monthly tax payment + home owners insurance, + FHA mortgage insurance, +monthly HOA, and + your other monthly debt payment to about 1/3 of your monthly income. ... more
0 votes 8 answers Share Flag
Fri Dec 28, 2012
Dallas Texas answered:
Sure if seller will not accept FHA loan cash offer then they can do what they please

Confer with statues of the state of where home is located and speak with an attorney.

Your buyers agent is resource of what is correct

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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0 votes 7 answers Share Flag
Wed May 4, 2011
Kathy Weber answered:

Be careful of any 100% loans! Many carry high interest rates, etc. Have to read the fine print on these.

These type of loans caused havic during the prime real estate market. It is also extremely difficult to find loans as such.

If it's raw land, you may want to pursue just a "land contract" & loan. Again, usually higher interest rates. You also have to be careful that they don't have any type of timeframe for building a single family residence. (construction loan).

I would suggest going to the County Building Permit department and inquire on any requirements that may be imposed on this land.

I would also contact a local Realtor to have a Title Report pulled to see if there are any lien's attached.

Usually if it sounds to good to be true - well, you know the rest!

Good luck!
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0 votes 11 answers Share Flag
Tue Jun 15, 2010
Kent & Emmary Simpson answered:
George - I know that Tom Heath of Consolidated Lending (and incoming President of Southern Arizona Mortgage Lenders - SAMLA) has already been coordinating with some contractors to put together 203k packages for homes that need some work done - you might call him first.

Office: 520.294.7400
Cell: 520.271.7495

He's a good resource!
... more
0 votes 8 answers Share Flag
Mon Oct 26, 2009
The Hagley Group answered:
Try the blog section of Trulia......that would be most appropriate
0 votes 1 answer Share Flag
Sat Jan 28, 2017
Vikas Pawa answered:
Hi Kristina, very few. I can email you a couple that might have some programs, it's worth a call. Let me know if you want me to send that to you, my email address is below,

0 votes 11 answers Share Flag
Fri Aug 21, 2009
Michael Krotchie answered:
Hi Cathy,

It depends. Depends on your credit, net worth, liabilities, and assets (to name the most important criteria).

Have you tried to get pre-approved for a second home through a mortgage broker? They would have access to many lenders with a myriad of program options. If you would like a few contacts let me know and I'd be happy to forward them to you. ... more
0 votes 6 answers Share Flag
Tue Mar 17, 2009
Gary Miljour answered:

I do not want to get your hopes up, but you are dealing with a commercial product and the guidelines are pretty strict. I do have a great commercial lender who might be able to help. Remember commercial loans will not be as concerned with your individual fico score. That will want to know if the property itself makes sense as a smart commercial investment. email me if you want my contacts name. ... more
0 votes 4 answers Share Flag
Thu Jul 9, 2009
Kaye Thomas answered:
Wow.. your really did make a move.. Contact Brian Brady.. He works in AZ and CA and is terrific. As you know he is an Active Rain blogger.
0 votes 5 answers Share Flag
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