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Home Buying in 61364 : Real Estate Advice

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  • Home Buying10
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Activity 8
Fri Mar 31, 2017
Ion Lacatusu answered:
I want to buy a home but everyone wants down payment and I don't have the down payment
0 votes 65 answers Share Flag
Tue Mar 28, 2017
Gene asked:
Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

There is a program that allows you to get a home one day after foreclosure. You need to have a job and at least 15% down depending on your credit score.

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
Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

Yes, you can roll closing costs into your mortgage and there are also programs that require no down payment or as little as 3% down.

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

There is no age limit.

If you have any other questions or would like help with this you are welcome to get in touch with me
0 votes 1 answer Share Flag
Wed May 6, 2015
Tony Grech answered:
Is this a USDA loan or some other type of mortgage where having too much income could disqualify you? That's the only plausible reason I can think of that they would ask for that.

If you didn't disclose this income on your application and do not wish for it to be considered in helping you qualify for the loan, then it shouldn't matter.

I guess that's neither here nor there, because it's the 11th hour and the underwriter is asking for it - probably because the income showed up when the pulled your tax transcripts. Welcome to mortgages in the 21st century! Sometimes when they ask you to jump you need to just ask "how high?" and go with it.

Give your loan officer the contact information for this employer so they can request a VERIFICATION OF EMPLOYMENT for be filled out by them to corroborate your history there. Also, it would help to provide a written and signed explanation yourself and to place a follow up call to the employer telling them this form is being sent to them and you'd appreciate them filling it out TODAY.

Then you can hopefully sit back and relax and get closed. Hope this helps. Best of luck!
... more
0 votes 3 answers Share Flag
Sat Mar 7, 2009
William Chu answered:
Heather, the basic qualifications include (1) two year employment work history (2) reported credit history (3) repored earned income through W2s or personal tax returns (4) either US Citizen or Permanent Resident. As with previous answers, it is to your benefit to start a conversation with an experienced mortgage professional who you know, trust and or referred to you. ... more
0 votes 4 answers Share Flag
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