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Financing in Virginia : Real Estate Advice

  • All317
  • Local Info16
  • Home Buying193
  • Home Selling29
  • Market Conditions5

Activity 262
Mon Jun 9, 2014
Amie Conteh answered:
I would suggest talk with your realtor and ask them for a connection to other lenders that may be able to assist you better or just getting a second opinion.
0 votes 3 answers Share Flag
Thu Apr 11, 2013
Robert Thompson answered:
Yes there are. I do not recomend rent to own programs. Please give me a call at 757-403-5401. Thanks Bob
0 votes 4 answers Share Flag
Thu Jan 9, 2014
Todd Brozovich answered:
Brian,
I know this question was asked in April but the only lenders in this area that may entertain that type of property is Bank of America and or Wells Fargo. You can check there if you have not moved on. Have a great day. ... more
0 votes 1 answer Share Flag
Fri Apr 5, 2013
Alison Hillman answered:
Hi there-

I would recommend working with an agent: http://www.trulia.com/voices/directory/Chippenham_Forest-agent--86734

Hope this helps,
Ali, Community Manager
0 votes 1 answer Share Flag
Wed Mar 27, 2013
Faiza Alvi answered:
Samuel:

Some of my clients have bought homes after the 3rd anniversary of their foreclosure, however each situation may vary. I can get you connected with one of the finest lenders in the area which can look into details for you and guide you through the process.
One you are approved, I'd be glad to find you the perfect home. Please give me a call and I will get you started. Thanks ~
I wonder, why your foreclosure is not showing on your report though!!

Best Regards,
Faiza Alvi - Realtor®
Prince William Realty, Inc.
703-389-7973 (Direct)
703-580-9995 (Fax)
http://www.house2homeva.com
MILLION DOLLAR CLUB - PWAR 2011

I believe:
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.
... more
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Fri Apr 5, 2013
Alison Hillman answered:
Hey there-

You can get started on your hunt here on Trulia: http://www.trulia.com/voices/directory/23059-mortgage_broker_or_lender--49050

Hope this helps,
Ali, Community manager
0 votes 1 answer Share Flag
Sat Mar 23, 2013
John R Beavers answered:
This again is a question that is best answered by a local loan consultant. Call your bank and ask for the loan officer and have them give you your options for NJ.
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Thu Apr 11, 2013
Nelene Gibbs answered:
Unfortunately, I do not believe you will be able to find anything in the Greenbrier area for $60,000 - 80,000. You may find something for 125 - 150. I would be happy to assist you in your search. Feel free to contact me at anytime. ... more
0 votes 4 answers Share Flag
Thu Feb 28, 2013
Drew Hitt answered:
With a rent to own you should expect to put down 2 - 6% of the purchase price of the house up front. If you find a rent to own with no money down ($0) I'd be concerned its a scam.

Rent to owns are good for people with bad credit but have money.

Buying is great for people who have money and great credit.

Renting is good for people with any level of credit and some money.

You can't have one without the other though...
... more
0 votes 3 answers Share Flag
Fri Feb 22, 2013
Tony Brula answered:
I would be more than happy to talk with you about your situation. My name is Tony Brula and I work for Access National Mortgage, a Direct Lender and Division of Access National Bank. I've been in with them since 2000. My cell number is 571-331-3219 ... more
0 votes 10 answers Share Flag
Thu Feb 14, 2013
answered:
As long as the Stock Market continues to hold or inch up the answer is most likely. In my opinion, we should be heading for a sell off, but it over due that's for sure. Until the Stock Market corrects, rate most likely come down again. The U.S. Dollar is in the dumps which most people don't follow unless you send money to another country. The dollar has lost big time over the past 4 years, and is a big contributing factor as the cost of goods continue to rise. The only way to make up for the lost of buying power is to pay more for products or as you see on the grocery shelves, buy items in smaller quantities. The FEDs can't hold down the rates forever by printing and buying our on Bonds and as soon as there is a sign of inflation, there we'll go. I have tried to encourage everyone I can to get back into the housing market especially first time buyers while the rates are at a all time low, but with the lack of inventory in many areas, poor Joe and Patty Smith Homebuyer can't catch a break. ... more
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Sat Feb 9, 2013
Elliott R. Oliva answered:
If you could tell me what area(s) you are looking to buy in I can put together some detailed information as to what loan programs are available. There are 2 or 3 no money down programs that may interest you.

Elliott R. Oliva
Loan Officer
NMLS#353884
Washington Mortgage Group, Inc.
703-344-8153 direct
novamtg1@gmail.com
... more
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Fri Feb 1, 2013
bala.zawd asked:
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Wed Jan 30, 2013
Tim Moore answered:
They will want to know what you were doing prior to working 16 months. School would be a good answer.
0 votes 4 answers Share Flag
Mon Jan 28, 2013
chriskane5 asked:
Thu May 16, 2013
Cathy Pearce answered:
If your lender is a National Lender it is possible but I think the minimum limit is 620. If you would like to contact me I can give you a Va. lender to ask questions of. 540-493-3991 Cathy Pearce
United Country Quality Realty:)
... more
0 votes 1 answer Share Flag
Thu Jan 31, 2013
John R Beavers answered:
Absolutely. I always try to get the seller to contribute sufficient money to cover most, if not all, of the buyers costs.. This is part of the negotiation process that I do for my clients.

If you would like more information contact me at 757-812-0399.

John R Beavers,, Realtor
Heartland Realty LLC
... more
0 votes 5 answers Share Flag
Sat Jan 12, 2013
Julie Gray-Roller answered:
I assume you plan to purchase another property when you cash out? Since this is an investment property and is fully paid that is for you can take out as much as you wish. The condominium association isn't have any say on your decision.

You can look at your position the same as a situation wherein you bought the property for cash. No mortgage, no lender, no approval required by a financial institution or the condo association finance committee.

The decision is yours to make and act upon.

Please contact me if you are looking for an experienced agent to manage the rental of your property and/or to help you locate another investment property.

Regards,

Julie Gray-Roller
Long and Foster Realtors
... more
0 votes 1 answer Share Flag
Sat Jan 12, 2013
Sonal Goda answered:
Hi JD - you can call the condo association and ask them if they are legally allowed to interpret that question differently. Also, I know of a bank that has a portfolio product where the investor ratio is not a factor. Please contact me if you would like more information.

Thanks,
Sonal
... more
0 votes 3 answers Share Flag
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