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We are looking at buying a bigger house. We are going to talk to mortgage brokers soon, but there's always someone around here who's an expert at something, so I figured I'd ask here about how the mortgage market is right now. We were planning on being...
Started by DaisyJanie on
, 11 posts
by 7 people.
Answer Snippets (Read the full thread at thebump):
Putting 20% down was not even close to an option for us so we include....
The only thing you have to worry about with FHA loans houses may not work out for an FHA loan.
On a relatively new house in West Ashley.
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A few months ago, I went into my bank to change my traditional savings to a Money Market account. The rep. asked me about needing anything in terms of lending for a house. I wasn't in the market for a house at the time but I have been looking the last...
Started by billyfsu76 on
, 3 posts
by 3 people.
Answer Snippets (Read the full thread at rivals):
I recently got a 2.75 5/5 with PenFed with no closing costs (literally not have....
No closing costs, besides buying down the rate a quarter pt) and was extremely pleased with the process of the most competitive rates.
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Buying Tips
Research Is The Key
Home sellers won't call you with an offer to buy a maintenance-free home with a wonderful mortgage. You have to find the gems yourself! Only by reading available materials, talking to friends and experts, and spending time...
Started by Investment on
, 57 posts
by 54 people.
Answer Snippets (Read the full thread at dreamteammoney):
If you, while you can rent....
Whichever loan you choose, make sure that you scrutinize all the closing costs.
Time buyer FHA loan, because the pay is far below the minimum requirements for conventional loans time.
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Ask your Facebook Friends
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So today I called Countrywide to get preapproved for an FHA loan. Their website says, "Your mortgage is insured by FHA, eliminating the need for Private Mortgage Insurance (PMI)." But the broker I spoke to says that the FHA would require "mortgage insurance...
Started by Munchmal on
, 9 posts
by 5 people.
Answer Snippets (Read the full thread at redfin):
FHA requires an UFMI (upfront mortgage insurance) of 1 1/2% of the loan amount, which can closing costs....
This is standard procedure on all FHA financing with LTV (loan to value) of more than 80% percent.
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Many many listings show that they take cash or conventional loan. Does this mean people like me with FHA loans have no shot at these homes or will they still accept FHA offers just not give them as much priority?
I am actually having a really hard time...
Started by Joaniemae on
, 10 posts
by 6 people.
Answer Snippets (Read the full thread at redfin):
Like me with FHA loans have no shot at these homes or will they still accept FHA offers just not give buyers? You're a less attractive buyer, from the seller's point of view, with a FHA loan and seller well, but it ....
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The current FHA "anti-flipping" waiver aspiration allow borrowers to buy attribute that has been renovated and resold among less than 90 days. FHA longing be insuring family loans along a faster rate and benefiting either the dealer and the buyer., Nike...
Started by kiejnj8y123 on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at messageboard):
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The need for qualified & DE certified underwriters has been a hot topic. Basically there's good u/w out there who are out of work who would do anything & pay anything to get this qualification because it's basically an "E" ride ticket (for those of you...
Answer Snippets (Read the full thread at indeed):
Are you processing FHA loans now? If so, why don't you ask your current employer to sponsor you that's originating & ....
I also have been a underwriter for Commercial and Residential for over 33 years path .
Then FHA/VA loans.
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Sounds about right I am in CT, in the process as well. 30 year, loan right at about 4%, on a 193k purchase, but was told closing costs would be $5,600. I did have to put down a $1,000 good faith deposit, and then after the inspection, I put down another...
Started by Meadowlands on
, 14 posts
by 6 people.
Answer Snippets (Read the full thread at slickdeals):
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I need to know the process of the 203 k loan. How much do i need for down payment? The fees included? I am looking to buy a house for 2 in nj
Answer Snippets (Read the full thread at trulia):
Tip: Ask how many 203k loans they closed in the last 6 months Good luck! just go to nj and look for a house, There are a few questions....
Best advice is to visit with a mortgage professional who specializes in FHA 203k loans.
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Can u still get assitance from seller on closing cost?
Answer Snippets (Read the full thread at trulia):
Did that make money out if you....
There is assistance at so you could buy the house cheaper with no assist or pay a little more with assist.
ON VA the seller can pay 100% ...
To 6% on closing cost and prepaids on FHA...
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