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Financing : Nationwide Real Estate Advice

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  • Local Info59K
  • Home Buying256K
  • Home Selling42K
  • Market Conditions26K

Activity 20,791
Yesterday at 2:56pm
Shilen_pate asked:
We want to refinance our condo, which was going well until the appraisal MLS search listed "pending litigation" which stopped the process. The HOA filed notice against a contractor…
0 votes 0 Answers Share Flag
Yesterday at 2:37pm
Molly Fogal asked:
My husband and I need a hard money loan to purchase a primary residence in East TX. The loan amount is $36,000 we wish to finance 5-7 years The house we want is a livable fixer on 3/4 acre…
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Yesterday at 12:52pm
Caren Nealon answered:
Hi there,

Yes I can see with paying that rent over 3 years that you would want to look at different options.

I have seen successful transactions happen, over the years, with parents helping in the purchase. There are various avenues this could be accomplished. A good consultation would be your first step with either an experienced REALTOR or a good mortgage consultant. I am an agent in South Florida, I would be happy to have a conversation and to help direct you to your next steps. I also have an excellent lender that could help walk you through the process of a potential purchase.

It seems with your mother's situation it would definitely be possible for her to make the purchase

If you would like the lenders contact, let me know.

I hope I have provided some assistance to you....

Best Regards,
Caren Nealon
Call/Text 954.325.2300
... more
0 votes 1 answer Share Flag
Yesterday at 3:52am
kirkwood6 asked:
Yesterday at 2:33am
Thomas Martin answered:
Yes we offer stated loan in GA using bank statement deposits only.
http://www.fhamortgageprograms.com/stated-ga-mortgage-lenders-primary-homes/
0 votes 13 answers Share Flag
Yesterday at 2:32am
Thomas Martin answered:
http://www.fhamortgageprograms.com/georgia-fha-mortgage-lenders/
12 months after a chapter 13 Bankruptcy FHA mortgage Lender approvals!
24 months after a chapter 7 Bankruptcy FHA mortgage Lender approvals!
3 years after a Foreclosure FHA mortgage Lender approvals!
No Credit Score FHA mortgage Lender approvals!
580 required for 96.5% financing or 3.5% down payment FHA mortgage Lender approvals.
500 required for 90% financing or 10% down payment FHA mortgage Lender approvals.
BAD CREDIT GEORGIA with minimum 500 FICO credit score with 10% Down Payment FHA. For FHA mortgage applicants with credit scores between 500 and 579 must make down payments of at least 10% down!
Read more about FHA Qualifying Qualification Summary – Manual Underwrite – Collections-Judgement’s – Bankruptcy or Foreclosure – Compensating Factors –
... more
0 votes 12 answers Share Flag
Tue Mar 28, 2017
Sheryl Arndt answered:
Hello Kateclavijo, most likely 30% down or less depending on your credit profile.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Tue Mar 28, 2017
Jjjamiethegreek asked:
you list a monthly payment for 3180 N lake shore Dr #6g your website is quoting $2148 per month with 20% down 30 year fixed at a rate of 3.973, when you finance $307600 the payment is only…
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Tue Mar 28, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We do FHA loans.

You could do separate the sales.

I can explain more.

If you have any other questions or need help with this you are welcome to get in touch with me. ... more
0 votes 1 answer Share Flag
Tue Mar 28, 2017
Sheryl Arndt answered:
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

An estimate can be provided for any and all programs you may be interested in so you can make an informed decision upon request to compare.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 7 answers Share Flag
Tue Mar 28, 2017
Mcdouglasdrake answered:
I applied for a house and car loan about a couple of weeks ago. I was rejected because i had a very low score of 545, really devastated and down until i ran into an old friend i explained my problem to him and he introduced me to a hacker who is formerly an FICO agent. Just in 2 days i had my credit score raised to 827.I had a bet with my friend i was going to reveal the hacker to the world if he should fix my credit score. Well here I am recommending: (pyramideye.hack AT outlook.com) for your credit score and credit report issues, bank, social media, phone hacks and many more. Just drop him mail at that address and make sure you thank me later. ... more
0 votes 63 answers Share Flag
Tue Mar 28, 2017
Sheryl Arndt answered:
Hello Venkatesh, yes, 90% LTV so 10% down up to 2.5m from a minimum 680 fico score. This is a full documented loan program.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Tue Mar 28, 2017
Susie Kay answered:
I'm a local realtor, feel free to call me and I can connect you with lenders that I typically work with. They are good and smart people so they may be able to help.
0 votes 1 answer Share Flag
Sun Mar 26, 2017
Sif02 asked:
I recently purchased the house about three months ago and I'm interested in getting a home equity loan to finish out some home improvements. My house appraised about $12,000 more than…
0 votes 0 Answers Share Flag
Sat Mar 25, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We can do a 203k loan nationwide.

You are welcome to get in touch with me if you have any questions or would like help with this.
0 votes 1 answer Share Flag
Sat Mar 25, 2017
Ken answered:
Yes, I know where you can get a 70% ARV if you are a first time investor or a 75% ARV if you are an experienced flipper
0 votes 9 answers Share Flag
Fri Mar 24, 2017
Beryl Banks answered:
You have to take the initiative to request of refinance once your equity in the property exceeds 20%. There may be a time penalty for FHA, and you are responsible for the appraisal fee regardless of whether the result is what you expect. ... more
1 vote 13 answers Share Flag
Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

The easiest way would be to refinance your current home and take cash out.

If your husband doesn't show enough income on his tax returns we have a bank statement program that uses the deposits shown either into his business or personal accounts as income.

I can explain more.

If you have any other questions or would like help with this you are welcome to get in touch with me
... more
0 votes 1 answer Share Flag
Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

Yes, it just depends on how loan ago the bankruptcy was.

If it's beyond two years you may qualify for a construction loan that has one closing for the land, construction loan and end loan. It only requires 3.5% down payment and you don't even need to make payments while the home is being built.

If you have any other questions or would like help with this you are welcome to get in touch with me
... more
0 votes 1 answer Share Flag
Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

Depending on your other criteria you may be able to qualify with as little as 3% down.

I would need more details.

If you have any other questions or would like help with this you are welcome to get in touch with me ... more
0 votes 1 answer Share Flag
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