Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in Gresham : Real Estate Advice

  • All29
  • Local Info3
  • Home Buying5
  • Home Selling6
  • Market Conditions1

Activity 3
Mon Dec 10, 2012
Thom Butts, CRS, ABR answered:
As long as one of the units is owner occupied, that would be fine for FHA financing. Small-plex complexes can be a great way to build equity! I'm pretty familiar with the Gresham area (and own a tri-plex myself); if your son needs the assistance of a realtor, please have him contact me.
-Thom
... more
0 votes 3 answers Share Flag
Sat Oct 8, 2011
Christopher Lefebvre answered:
Tyrone, I suggest that you contact some mortgage brokers and see what they say. You may not necessarily want them to run your credit now, just explain you situation and see what programs they might have available for you. ... more
0 votes 11 answers Share Flag
Wed Oct 13, 2010
Linda S. Cefalu answered:
Dear Newbie,

I'm not sure why you would want to wait a year. It is hard to answer without more information. But, my first answer would be to find an honest, qualified lender. They will be able to tell you guidelines for underwriting where employment is concerned. I work with several very good lenders, but the guidelines do not seem to be the same from one to another. Sometimes I'm told as long as it is in the same line of work, it doesn't matter. Sometimes I'm told you need a minimum of two years at the same company and so on............

Check with a lender and then get moving. Home prices are low and so too are interest rates. I'm not sure why you would want to wait!

Linda
... more
0 votes 10 answers Share Flag
Search Advice
Search

Followers

84