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First time home buyers: what is best FHA or conventional loan? We are wanting our monthly payments to be lower than what we are paying for rent. Yet, lender just told us that we cannot do conventional loan because of my husband's thin credit. He has no...
Answer Snippets (Read the full thread at trulia):
The only time you don't pay the mortgage insurance....
FHA 3.5% down Loan amount including UFMIP = $194,930 Principal mortgage insurance on a 30 year FHA loan as well as the 1.75% up front premium.
As they are both available now.
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FHA Loan Modification Process Well, I came to this website to look into a loan modification. I saw both success stories and stories of frustration. I decided to give it a shot and see if Citimortgage would help me out. I emailed homeownersupport@citi ...
Started by donjr on
, 13 posts
by 8 people.
Answer Snippets (Read the full thread at homeownersupport):
Refresh my memory, did we conform that your loan is owned/backed by Fannie....
I did make a mistake here, and I'm sorry.
3-9-12 expectations.
FHA was supposed to counter with an additional offer.
Trying to refinance my loan down to a 4%.
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How likely can I get a FHA loan? We would like to buy a house in either San Ramon or Pleasanton, how likely can I get an approved loan from FHA under these circumstances? 1. I just started a new job 2. My current house is going through short sales, my...
Answer Snippets (Read the full thread at trulia):
I have a couple as a homeowner but he would not be on the ....
FHA will consider you a party to the short sale, as well.
Although you are not on the loan, you have been residing in the residence.
Gregorio is correct.
Lender chiming in here.
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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 will get excited and tell you to get....
This is standard procedure on all FHA financing with LTV (loan to value) of more than 80% percent.
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We are past 3 years from foreclosure. We were DU approved but the underwriter denied it. All I know at this point is due to high dti and credit. Is it possible to get it overturned? For the dti part it can be fixed due to raises for me and the wife plus...
Started by tmcki on
, 12 posts
by 5 people.
Answer Snippets (Read the full thread at loansafe):
According to FHA on a foreclosure....
Fortunately, my husband wasn't on the loan for the house we're losing, so and bail; I was pre-qualified on the basis that the first home was rented out.
For another home after foreclosure.
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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):
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Some townhouse/condos are FHA approve, some are not. Why?
I don't need an FHA loan, but can the fact that a property is or is not FHA approved give some useful insights?
I'm shopping in the seattle area for low exterior maintenance property (i.e. condos...
Started by IMOK on
, 3 posts
by 2 people.
Answer Snippets (Read the full thread at redfin):
"FHA approval" is a good the funds and can get a loan in a non-FHA Approved complex, my main concern, especially when buying in a first time home....
In fact, many don't.
To loan on homes with a high ratio of renters.
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If your mortgage is FHA backed (insured) you can call them if your mortgage srevicer is yanking you around.
You will need your FHA Case Number. You will find this number in the packet your received when you obtained your mortgage. The page is titled "...
Started by MIRobyn on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at loansafe):
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Hi guys,
Here is a little background:
Bought a home in 2010 with a FHA loan (my first house...didn't have the 20% down at the time..so paid 3% down) @ 5.3% interest rate. My monthly payments are about 1600 for the house, which includes the property taxes...
Answer Snippets (Read the full thread at money-talk):
3) Why not try credit on the lender; you might be able to roll... .
Nope
2) Depends on the lender; you might be able to roll most or all of the costs into the loan if your loan to value ratio with that rolled in still meets their criteria.
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FHA EXPERTS!! What are the specific guidelines for a multi unit property? I have been given conflicting info regarding an FHA loan for a multi unit property. The property has one house ( that I would reside in) and a garage that has 2 apartments above...
Answer Snippets (Read the full thread at trulia):
Web Reference: http of an FHA loan.....
For a conventional loan or FHA, Being that the property is grandfathered in as multiple unit's a commercial loan then I suspect that the property would not qualify for FHA.
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