can a person use a fha appraisal that is only 2 months old you receive a conventional loan?

Posted on Oct 16, 2012 in FHA Information

A handful of good condominium photos I located:

Terrace Row Condominiums
condominium
Image by davereid2
Terrace Row Condominiums Construction Nears Completion

For a lot more residences click right here…

Terrace Row Condominiums
condominium
Image by davereid2
Terrace Row Condominiums Construction Nears Completion

If you would like to see much more properties click right here…
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stated income mortgage loan
by eyewashdesign: A. Golden

Question by Gucci: Anyone can tell me I can get a stated income mortgage loan and the monthly payment would ne more than 1500?
For 220, buy information pills 000 loan , this web credit score is 715

Best answer:

Answer by dzwreck
In order to get a stated income loan for a 220k loan amount and keep your payment at or below 1500 you would need to qualify for a rate of 7.25%. This would give you a 1,500 monthly payment (not including taxes and insurance). There are many factors, besides stated income, that would determine wether you would qualify for that rate or not on a stated income loan. Credit score, loan to value, time on job, money put away, etc… would all help factor into whether or not you would qualify for that rate (or possibly lower) or not.

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Question by vickie09: can a person use a fha appraisal that is only 2 months old you receive a conventional loan?
i have applied to quicken loans for a mortgage twice and now they want me to pay for a new appraisal ($ 400.00) when the old one is good till dec. but it was from a FHA loan process from quicken loans

Best answer:

Answer by Leo F
No you can’t, search what do you mean the appraisal is good tell December? Who said it was good until December, help if they did, they are a idiot and don’t know crap. A appraisal is only good for one day, the effective date of the appraisal. The real estate market is like the stock market it can change fast. Homeowners don’t have a clue. There is a lot more involved than you think with appraisals and loans.

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