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Financing in Tampa : Real Estate Advice

  • All2K
  • Local Info160
  • Home Buying849
  • Home Selling86
  • Market Conditions86

Activity 65
Mon Apr 8, 2013
Josh Barnett answered:
20% is the norm, I have not heard of 10% programs.
0 votes 2 answers Share Flag
Sat May 14, 2016
Bill Szydlowski answered:
Mike and Mary,

I would be happy to recommend one of the brokers I work with. I just got one of my clients approved in less than 20 days for an FHA loan. I am a little curious though. Did your realtor not give you a few to talk to??
Let me know and I will email my list to you.

Bill Szydlowski
... more
0 votes 24 answers Share Flag
Tue Mar 26, 2013
Liane Jamason answered:
Most of the major lenders will require you to wait a minimum of 2 years. I've attached a link to a chart below that shows you more on which will let you buy and which will not after a short sale. Good luck! ... more
0 votes 5 answers Share Flag
Tue Mar 26, 2013
Kevin Reeves answered:

For a conventional refinance you will have to wait till you have owned the property for 6 months. At that time you can get a cash out loan for up to 75% of the market value of the property. This will give you the best loan terms. There are other programs to pull your cash out before 6 months but their terms are not very attractive. If you can wait you will get the best deal.

If I can help you can reach me at 813-728-4992 or


Kevin Reeves
United American Mortgage
... more
0 votes 5 answers Share Flag
Wed Apr 3, 2013
Maria Echeverry, answered:
Hello Josh, I will be more than happy to assist you on your relocation.
email and 813-716-7352
0 votes 4 answers Share Flag
Sun Jun 9, 2013
Fred Glick answered:
There is only one way that income is calculated in order to qualify for a mortgage and it is based on net income plus depreciation averaged over 2 years.

You should have a mortgage person look at your tax returns to see what you will qualify for.

Good luck,

Fred Glick, NMLS #133975
U S Loans Mortgage LLC #51022
... more
0 votes 5 answers Share Flag
Sat Jan 5, 2013
Annette Lawrence answered:
Do you have the agreement in writing?
Now, you can pay an attorney to get the agreement enforced or your attorney can show you the escape clause.
0 votes 9 answers Share Flag
Wed Nov 28, 2012
Erek Kirsten answered:
Thu Oct 25, 2012
Hello Franck,

That is a great question. We have a program that might be exactly what you are looking for. There are other requirements though so feel free to e-mail me and I'll let you know exactly what we need in order to qualify you.

Joshua Lerette – Sr. Loan Officer
Residential Finance Corporation
... more
0 votes 1 answer Share Flag
Wed Oct 17, 2012
Alma Kee answered:
Contact GTE Financial (Credit Union) or other credit unions as they have granted a mortgage much sooner on a bankruptcy and even a short sale than your typical lender that must have you FIT within the very strict guidelines required in order to immediately resell your mortgage.

All the best,
Alma Rose Kee PA
Future Home Realty
... more
0 votes 3 answers Share Flag
Tue Oct 9, 2012
Alma Kee answered:
You may find that with 5% down versus the minimum 3% down you will get a significantly better rate.

To find out immediatelify you can qualify and get the rates and closing costs go to:

All the best,
Alma Rose Kee, PA
Future Home Realty

PS There is also the HomePath Renovation mortgage that will allow you to include repairs in the mortgage. Not many lenders do the Renovation but Regions bank does so go directly to Regions if you're planning to do a Renovation and have your home "model" perfect soon after closing.
... more
0 votes 3 answers Share Flag
Mon Oct 26, 2015
Nathan Pawelkop answered:
Hi Mike,
We work with Shawn Eckley at BB&T. He has done all of the construction perm loans for Taralon Homes. His contact number is 813-293-8093. Since you are in the market for new constriction please take a look at Taralon Homes a Mike Bartoletta Development Company. If you need anything else please contact me.
Nathan Pawelkop
Keller Williams Realty
813-240-4022 direct
... more
0 votes 8 answers Share Flag
Wed Sep 16, 2015
Benjamin Suarez answered:
Hi Patricia,

Contact Bj Mckitty,

His company does USDA & FHA and thry are awsome.

BJ Mckitty

NMLS 218407

If you need help finding a home I can also assist you.

Ben Suarez
... more
0 votes 9 answers Share Flag
Tue Jul 3, 2012
Lars Kier answered:
I need more information, please call me
0 votes 4 answers Share Flag
Sat Jul 14, 2012
Scott Godzyk answered:
You should meet with a local and trusted loan offcier who can prequailify you at no cost, they can let you know what you will need down to get a mortgage given your credit and total financial picture ... more
0 votes 3 answers Share Flag
Mon Jun 15, 2015
Danielle Sharp answered:
Typically it's a 3 year wait period after a short sale for a purchase. Since the townhome is a second/investment property they may consider you too high risk right now, especially since you are requesting to pull money out.

Talk to a local credit union if you haven't already. Best of luck.
... more
0 votes 23 answers Share Flag
Wed Dec 18, 2013
Alma Kee answered:
Hi Andrew,

Try and other credit unions.. They do some loans that do not have to "fit" the Fannie/Freddie criteria.

Also try:

John Sorenson
Mortgage Loan Officer
PNC Mortgage, a division of PNC Bank, NA
240 South Pineapple Ave. STE 400 (XM-YM45-02-1)
Sarasota, FL 34236

941-524-7699 (cell)
877-745-9347 (fax)

Good luck,

All the best,
... more
0 votes 5 answers Share Flag
Thu Mar 12, 2015
Benjamin Suarez answered:
Hi Marilin,

I could recommend one of my best Loan Officers, Call Diana Tardif they have many programs for self employed. Tell her I sent you.She will take good care of you. Let me know if you need help finding a home aswell..Good Luck Ben 813-381-0067 Mobile or email

Diana Tardif
Senior Loan Originator
NMLS # 210352
America's Mortgage Link
727-393-9399 TOLL FREE 1-866-302-0951
FAX 727-346-5346
... more
0 votes 13 answers Share Flag
Mon Jun 25, 2012
Billrobertson answered:
I have been trying for a modification loan for 16 months. I am way past frustrated. To answer your question, after being drug through the most inept process of trying to acquire a Making Homes Affordable Loan at 2% through Bank of America, I'm convinced that BOA is the most despicable business in America.

I finally succumbed to getting help through an Attorney's Office here in California. I linked up with this law group as result of talking with one agent who hates BOA as much as I do. He convinced me he could make this happen. There fee is $2,500 but is supposedly refundable if they are unsuccessful.

He was sure he could get results by December 2011, but here it is the end of April and no results. Plus the guy that talked me into this arrangement has taken a leave of absence and I am unable to contact anymore. I again feel so screwed it's unreal.

For literally 12 months now I have been trying to find out if it is mandatory for the banks who received the bail-out money to use the money to help homeowner's or was it up to the discretion of the bank. Because I am now convinced, that BOA has no intentions of giving anyone a low interest loan. They spend your time requesting the same documents over and over again, losing them at least twice transferring to different agents and so on. The final analysis is you are inevitably turned down.

What incentive does the bank have to give anyone a lower interest loan when they aren't missing payments and have already put over 350,000 of their own money in their home. They know they got them. Who will walk away? If the banks who received the bail-out aren't under a federal mandate to loan that bail-out money and it's up to the banks, we might as well forget it. If we are testing the greed of the Bank of America, the outcome of that test is indisputedly obvious.

The BOA simply looks for reasons to turn you down. Check this out for yourself. Out of the 8 plus billions given to BOA alone,they have only allocated 1.4% of the money. I'm not sure completely about this, but I heard that if the bank loses when you are forced to disclose, they get reimbursed 80% of their loss.

If we foreclose, we are going to lose 400,000 dollars with no way to make it up. Every seller is providing a steal of deal for someone. How could we let everyone benefit except the person who is providing the benefit, the seller? I've written everyone about this and have yet to receive a response from anyone.
... more
0 votes 3 answers Share Flag
Mon Mar 25, 2013
Dean, Contact a licensed mortgage professional in Florida (or at least someone who knows Florida financing laws....I do; however, am not licensed in Florida). Refinancing is pretty straight forward as long as you have income, credit and sufficient equity in the property. Remember that anything less the 20% equity on the home means you would have mortgage insurance. Adding that amount to the mortgage payment may make refinancing look not so rosy, despite the improvement in rate. Also, if it is an investment property there is a substantial increase in the rate, or the fees. Again, refinancing may, or may not, make sense. The only way anyone on the forums could give you explicit detail about financing would be to get explicit detail about your specific situation....better done offline. Best of luck to you! ... more
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