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Financing in Miami : Real Estate Advice

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Activity 111
Wed Jan 25, 2017
Thomas Martin answered:
http://www.fhamortgageprograms.com/

We go down to 580 FHA and VA. Call me anytime.
0 votes 18 answers Share Flag
Sun Jan 22, 2017
Thomas Martin answered:
FLORIDA CONDO LENDERS

FLORIDA CONDO LENDERS FOR WARRANTABLE AND UNWARRANTABLE CONDOS!! FLORIDA CONDO LENDERS
• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on FHA Approved Owner Occupied Condos= 3.5% Downpayment!

• 95% LTV on Owner Occupied Condos= 5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

• 75-80% LTV on Florida Non Warrantable Condos + Condotels.

FHA Condo Loans Down to 580 Fico with 3.5% Down.
VA Florida Condo loans Down to 550!
Florida Fannie Mae Approved Condo list for 2016.
FLORIDA NON WARRANTABLE CONDO LENDERS
http://www.florida-mortgage-lenders.com/condo-loans.html
... more
0 votes 34 answers Share Flag
Mon Nov 21, 2016
Diane Christner answered:
What these lenders are not telling you is that not all condo communities will meet the criteria for Fannie approval, so filling out a condo questionnaire is irrelevant if the condo association has, for example, not been collecting sufficient funds for reserves or the community is mainly investor owned units used as rentals.

Also, some communities may actually meet the criteria for Fannie approval but the condo boards don't want to commit to completing the required questionnaires. No questionnaire, no Fannie approval.

So if you are considering condo communities not already on the Fannie approved list, you will need to do some research before signing a purchase agreement for a condo in a non-listed community.

Find an agent who's experienced in condo sales/ Fannie requirements to help guide you thru the process.
... more
0 votes 5 answers Share Flag
Mon Nov 21, 2016
Theresa Jones answered:
That is truly unfortunate that you have been misinformed. My company closes VA loans all over the United States except Maryland. Typically whomever tells you this type of information just doesn't have the ability (not approved thru VA) to offer these loans.

VA loans are the best loans out there with low interest rates, no downpayment and the ability for the Veteran to truly have a no cost loan. Also, I can get you in touch with a realtor that offers Homes for Heroes and you will receive a cash incentive at the closing...you can't beat that!

I would love the opportunity to tell you about our programs.

Theresa Jones
NMLS 38971
... more
0 votes 23 answers Share Flag
Fri Oct 28, 2016
Jonathan Klurfeld answered:
Possibly. Chap 13 does not disqualify you from an FHA loan. You would need to see if you qualify before even considering buying.


Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question. ... more
0 votes 2 answers Share Flag
Fri Oct 28, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
0 votes 3 answers Share Flag
Wed Jun 1, 2016
Jim asked:
I'm currently on the back end of financing with Citi and this came up with the condo questionnaire. I've looked at the court dockets for the lawsuit and it seems like the HOA is…
0 votes 0 Answers Share Flag
Fri May 6, 2016
answered:
Sure, we are private lenders and have a program for foreign nationals without FICO, rates start at .8.75 with very little doc requirement other that a bank acct in the US

Close within 7-10 days on residential and commercial

Jerry Starr
561-318-3104
... more
0 votes 13 answers Share Flag
Fri May 6, 2016
answered:
ok, do you live in the home or is it investment - if its investment i offer Foreign National programs.

7-10 day close on most deals including commercial..

Jerry Starr
561-318-3104 ... more
0 votes 1 answer Share Flag
Mon Nov 9, 2015
VA Mortgage Hub answered:
contact us if we can assist with anything.

VA Mortgage Hub
Florida VA Loans - 7 days a week
Ph: 904-385-3988
www.VaMortgageHub.com
0 votes 13 answers Share Flag
Fri Sep 4, 2015
Mark LeMenager answered:
An old question, but still a good one. About 1/4 of all my sales have been to Canadians using finance. There are no special rules for foreigners, other than what the lender might require. In the current (2015) market, try RBC USA because they will underwrite you to Canadian standards while everyone else will run you through the same system as everybody else in the US. ... more
0 votes 24 answers Share Flag
Wed Sep 2, 2015
Tom Bawany answered:
Hello

We do Foreign National Loans
We have two foreign national programs

one with 25% down the other with 30% down
nether require US credit or US Social Security number

pls call me for details
I do loans all over Florida , especially Foreign National Loans in South Florida


Thanks


Tom Bawany
Envoy Mortgage
Maitland, FL
Mortgage Loan Officer, NMLS # 519971
407 924 2759
... more
0 votes 6 answers Share Flag
Fri Aug 7, 2015
leejordan1 answered:
I am Lee Jordan by name am from USA i have been looking for a loan for five months now all lender have fail to help me due to the fact that i have a bad credit score i came to this site and i saw a testimony which was made by some one in this site that Mr Raj Thomas offer loans to people with bad credit i decided to give it a try to my greatest surprise i was approved for a loan of $95,000.00 with a low inteterest rate of 2% am a happy man today and i promise my self that i will keep posting about this company and the genorocity they have done in my life if not for this company only God know where i would have been today have you been looking for loan and you have been turned down i would advice you to also try this company and be free from debts. below is thier Email (rajthomasloanfirm@gmail.com) ... more
0 votes 8 answers Share Flag
Wed Jul 29, 2015
Yanoska Diaz answered:
0 votes 1 answer Share Flag
Tue Jun 16, 2015
Neil Sherry answered:
FLORIDA HARD MONEY MORTGAGES!! NO INCOME/CREDIT /TAX RETURN CHECKS CORPORATION TITLED HARD MONEY MORTGAGES!!! 561-732-6376 NEIL SHERRY FLORIDA MORTGAGE CONSULTANTS—WE SPECIALIZE IN CASH OUT FREE CLEAR PAID OFF REFINANCING!! GET CASH $$$ NON OWNER OCCUPIED PROPERTIES!!!! CALL ME IF YOU HAVE BEEN TURNED DOWN ELSEWHERE!!!

MANY OF OUR HARD MONEY LENDING SOURCES HAVE NO PREPAYMENT PENALTIES!!!
*FREE/CLEAR CASHOUT PAID OFF REFINANCES ARE AVAILABLE!!
*WE SPECIALIZE IN HARD MONEY MORTGAGES!!!
*WE ARE YOUR #1 SOURCE FOR NON OWN OCCUPED REAL ESTATE INVESTOR MORTGAGE PROGRAMS!!
*CONSTRUCTION LOAN PROGRAMS!!!
*VACANT FREE/CLEAR ESCROW REHAB PROGRAMS!!!
*BIG BANK TURNDOWN PROGRAMS!
*RESIDENTIAL OR COMMERICAL!!
*PURCHASE OR REFINANCE!!
*WE SERVICE THE ENTIRE STATE OF FLORIDA!!

NEIL SHERRY FLORIDA MORTGAGE CONSULT
561-732-6376 DIRECT
561-596-5605 AFTER 6PM WEEKDAYS/WEEKENDS
EMAILS-neil@flmtgcon.com or nsherry972@aol.com
nlms #328117

Doing your due diligence and getting answers to these questions will help you weed out brokers and save you time.

Are you a direct lender or a broker?
Are you lending your own money or investors'?
What types of properties do you fund most?
Where are most of your loans made?
Can I use my own Title Company and escrow?
What do you typically charge (closing costs and interest)?
Can you give me an example of a deal that best represents your niche?
To what extent does an exit strategy play a part in your approval decision?
How long does it take you to prepare documents and to fund my deal?
Can you go off of a Broker Price Opinion for value?

Beware of those who say "We can do it all and everywhere" and those who can't give a straight answer these simple questions.

HARD MONEY-PRIVATE LENDING " WE SPECIALIZE IN NON OWNER OCCUPIED RENTAL PROPERTY FINANCING"


NEIL SHERRY "YOUR HARD MONEY/PRIVATE EQUITY LENDING EXPERT" FLORIDA MORTGAGE CONSULTANTS 561-732-6376

FLORIDA MORTGAGES FLORIDA MORTGAGES FLORIDA MORTGAGES

ATTN: REAL ESTATE INVESTORS, FELLOW MORTGAGE PROFESSIONALS, REAL ESTATE AGENTS OR ANYONE LOOKING TO REFINANCE " FREE AND CLEAR" INVESTMENT, SECOND HOMES AND/OR COMMERICAL PROPERTIES WITHOUT A MORTGAGE!!!!!!!!!

-BANKS DO NOT WANT TO LEND ON INVESTMENT PROPERTIES AND/OR COMMERCIAL PROPERTIES!!!!!!

-CASHOUT ON YOUR INVESTMENT/SECOND HOME /COMMERCIAL PROPERTIES FOR WHATEVER REASON!!!

--WE HAVE ACCESS TO HARD MONEY/PRIVATE EQUITY LENDERS LOOKING TO FUND MORTGAGES ALL OVER THE STATE OF FLORIDA!!!!

--NO INCOME VERIFICATION!!!!!!

-ALL CREDIT SCORES WILL BE CONSIDERED!!!!!!!!!!

--CALL FOR A FREE MORTGAGE CONSULTATION!!!!!

---WE HANDLE PURCHASE TRANSACTIONS TOO!!!

---NO TITLE SEASONING-NO SOURCING OF DOWN PAYMENT FOR PURCHASE TRANSACTIONS!!!!

-BANK TURNDOWNS!!!!

--PORTFOLIO LENDING!!!

--HIGH END MORTGAGES FOR WEALTHY INDIVIDUALS!!!

. HAVE A GOOD DAY!! NEIL SHERRY FLORIDA MORTGAGE CONSULTANTS 561-732-6376

YOUR NUMBER ONE SOURCE FOR HARD MONEY /PRIVATE EQUITY MORTGAGES/FOREIGN NATIONAL BORROWERS/PORTFOLIO LENDING IN FLORIDA!!! RESIDENTIAL OR COMMERCIAL!!! PURCHASE OR REFINANCE!!!




ALTERNATIVE EMAIL-nsherry972@aol.com





NEIL SHERRY -PRESIDENT
Florida Mortgage Consultants, LLC

1-561-732-6376
1-561-596-5605 cell
1-561-423-8089 fax
neil@flmtgcon.com

WWW.FLORIDAMORTGAGECONSULTANTS.ORG
... more
0 votes 5 answers Share Flag
Mon Mar 23, 2015
Lucio Gomez answered:
Hello,

Better to get up to four unit. Loan is residential which will be better terms. Also more lenders to choose from.I can help with lenders and finding a property.


Best of luck,


Lucio Gomez
Real Estate Sales Force
814 Ponce De Leon Blvd #500
Coral Gables, Fl. 33134
305-302-2048
305Lucio@gmail.com
LucioGomez.com
Miami Hot Listings
... more
0 votes 4 answers Share Flag
Mon Mar 23, 2015
Lucio Gomez answered:
Hello,

I am also an only chid and understand the situation with money accounts with parents. You can transfer money now (seasoning period with money exchange companies) or have dad co sign. Transferring the money now will be good because it might take time to get (buy)the property which gives you time for season period to establish.Also having a co signer might not be a bad idea depending on your goals. Employment,income,expenses,credit score and bank statements showing you have enough in reserves will determine if you can buy. The loan type ,price and type of property may be a factor. Also there are government programs that will assist with additional money to buy. I have contacts that can help you with the financing.

Feel free to contact me,

Lucio Gomez
Real Estate Sales Force
814 Ponce De Leon Blvd #500
Coral Gables, Fl. 33134
305-302-2048
305Lucio@gmail.com
LucioGomez.com
Miami Hot Listings
... more
0 votes 2 answers Share Flag
Wed Mar 4, 2015
Oliver von Gundlach answered:
Horserider,
I would evaluate why your score is where it is. You are making good money and have reserves, so you should be able to increase your score.
Talk to multiple experienced mortgage broker to find out what loan programs there are available for you. ... more
0 votes 16 answers Share Flag
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