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Financing in Jacksonville : Real Estate Advice

  • All1K
  • Local Info159
  • Home Buying551
  • Home Selling80
  • Market Conditions32

Activity 65
Wed Oct 23, 2013
Karen Delozier answered:
Hello Lou,

I sympathize with your shock Lou. I always try to prepare my clients for anything that has to do with cash out of pocket. Without knowing more about your situation, it's hard to venture what happened. Did you ask your lender about it? What type of financing are you using? Could some of the difference be in your prepaids? The time of month can make a difference in your prepaids since most of those items are pro-rated, and I find some lenders do not do such a good job explaining or preparing customers for prepaids.

Again, I think your lender is going to be the best person to ask about this. If it is possible, perhaps you can arrange your closing nearer to the end of the month to shave off some of the prorated interest?
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Tue Jun 25, 2013
Nadine Mauro answered:
Good Evening,

If your offer is rejected there may be nothing you can do (if the house was sold to another individual).

There could be a lot you could do. What is the sellers ultimate goal? You could offer more money, adjust the settlement date to the needs of the seller,do they want to sell it furnised?

There are a lot of questions to ask regarding why they are not accepting your offer. Ask and ye shall find the answer (hopefully).

Nadine Mauro
Highlight Realty
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Wed Nov 27, 2013
Danielle Sharp answered:
Any lender will use the most recent tax bill for escrow purposes. On new construction is that smart? No. There is probably a document or two in your loan papers that discusses taxes; might be worth looking through them to see if anything exists. ... more
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Sat Sep 6, 2014
Rosina Eisenmann 904-482-8666 answered:
Shoot me an email with your contact information. I have a couple of lenders for you to interview.
0 votes 4 answers Share Flag
Thu Sep 27, 2012
Terri Vellios answered:
You can hire and pay for an independent appraiser, but I would suggest you call your local neighborhood real estate agent and have a sit down, face to face. They will be able to give you the market value of your home, discuss your options and provide you strategies and resources.

This invaluable help doesn't cost you anything.

Get the facts and you will be in a better position to make an educated decision for yourself.

Have an amazing day!
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Wed Sep 19, 2012
Henry Pruitt answered:
Fri Jun 15, 2012
Jeff Metcalf answered:
Your post didn't come with an actual question attached...what can I help you with?

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
0 votes 2 answers Share Flag
Sat Apr 19, 2014
Alma Kee answered:
Try a credit union. They lend their own money. Other banks, etc. immediately sell off your mortgage the day after it closes to an investor and the low amount will make your loan costs prohibitively expensive and may not be worth the effort for a bank or mortgage broker. ... more
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Thu Jun 7, 2012
Jim Simms answered:
You can count any income that is reported on your tax returns, even gambling wins if you can prove reliability. Robbing banks might be tough to count even if you report it on the tax return, hard to prove it is likely to continue for 3 years. As for rental, you can count your share of the actual net profit allocated to your personal return. The underwriter may ask for a copy of the lease, if it is leased month-to-month it might be a problem. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
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Thu May 17, 2012
Don Tepper answered:
Yes. Homes are selling in my area. In fact, they're selling fast. For example, moderately-priced townhouses in Falls Church, Virginia, usually are receiving contracts in under a week.

Banks have tightened up their requirements on who they'll lend to. So you could say that they're withholding mortgage loans for unsatisfactory credit. But for people with solid credit, they're still lending.

Hope that helps.
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Sun May 6, 2012
Jeff Metcalf answered:
Hi Sergio,

The best thing to do is contact a few local lenders and ask them some questions specific to your goals. If you are currently overseas, you can start with the big banks. Bank of America, Wells Fargo, PNC just to name a few that do a lot of local financing. There are several factors that will come into play. Is the first investment property financed? If so, you probably wouldn't be able to use it as a security. They will consider your income as well as your debt to income ratio(the 2 most important factors) in determining financing eligibility. The type of home will also make a difference. Condos are more difficult to finance than single family homes right now but not impossible. You just may have to contact a few different lenders. They will not charge you for phone consultations so start calling as soon as possible. If you need assistance in locating an investment property after you've spoken with a lender, I would be more than happy to assist. Please feel free to contact me personally with any questions or concerns. Good luck!

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
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Sat Apr 28, 2012
Tim Fennell answered:
I'm not sure how anyone, here, could answer your question. It depends on so many different variables. I'd recommend talking with a Financial Planner and/or attorney who specialize in such areas. ... more
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Sun Nov 20, 2016
Melanie Baird answered:

I know of several lenders I can point you too. Are you looking to build yourself? OR will you be going through a new home construction company such as Lennar or Richmond?
If you do the later, then they already have their own financing company that does it for you and they will usually pay some of your closing costs for using their lender.

If you are constructing yourself than I can email you some names and #'s so that you have a few to choose from.

Let me know which kind you need: or 904-304-1500.

Thanks! - Melanie
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Tue Mar 20, 2012
Melvin List answered:
As long as you meet the down payment and closing costs requirement I would not worry about reserves on an FHA loan with your scores!
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Wed Aug 5, 2015
Bsinger answered:
I specialize in Private money Mortgages Through out the state of Florida.. Your biggest issue will be the down payment. The norm is 50% down. But there are lenders that will go as little as 25% down but there are factors. Please contact me to discuss you scenario in detail. I am in Broward County.

Brad Singer
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Tue Mar 20, 2012
Alma Kee answered:
Hi Will,

You can contact this lender, they are experts with VA Mortgages:

All the best,
0 votes 4 answers Share Flag
Sun Jan 1, 2012
Holly Hayes answered:
I would contact Cindy Barker at Gibraltar. If she can't do it, she can tell you what it will take to make it happen.

Cindy Barker
Gibraltar Mortgage, LLC | 1000 Sawgrass Village Drive, Suite 101 | Ponte Vedra, FL 32082
MAC M1799-011
Phone (904)285-0808| Cell (904)349-8796| Fax (866)493-1790

An Affiliate Of Wells Fargo Home Mortgage

Call me if you need any additional help!
Holly Hayes 904-537-4473
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Sun Dec 18, 2011
Charles Chorman answered:
Hi DS,

The best way is to consult with a mortage lender to see what your son can qualify for using you and your husband as co-signers. I can provide you with a mortgage lender to discuss this with. You might also want to consult a real estate attorney as to the rights of a wife concerning real estate in Florida purchased by her husband. I can also provide you with this contact as well. I can be reached by email at .

Wishing you all the best
Charlie Chorman - REALTOR
Coldwell Banker Vanguard Realty
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Fri Sep 30, 2011
Keith Anderson answered:
Thu Aug 25, 2011
Shane Milne answered:
You are "Outside U.S." (which makes me question how this would be your primary residence, which is what FHA loans are for), and posting in Florida about a question regarding Texas. I think you may get better input on financing in Texas if you post again in Texas, as well as indicate where you are actually living (you can just put Texas, you don't need to list the exact zip code or city).

However FHA does not finance the construction of a home or purchase land - you may be able to get a construction loan that at the end, converts over to an FHA loan (assuming everything qualifies at that point), but the construction financing portion of the loan would certainly be conventional financing. However you can purchase a newly constructed home, in finished condition, with FHA financing.
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