In Southeast Queens, Epicenter of Housing Bust, Holding Onto Homes Still Elusive

Posted on Oct 1, 2012 in HARP Refinance

Question by thebrock1584: Eligible repairs under an FHA 203k loan?
Can someone direct me to a list of eligible repairs that an FHA 203k Mortgage loan covers. We want to but a fixer upper but need to know what repairs are covered. Thank you We live and want to buy in Oswego county NY if that makes a difference.

Best answer:

Answer by Terry Socia
All the repairs necessary to get it into livable condition if the repairs don’t drive the price up to over 96.5% of it’s value and sometimes it is 80% of it’s value. Check with the lender on this percentage

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Question by green: What banks/mortgage lenders still offer ‘no income verification loans’ (NIV) or ‘stated income loans’?
use to be know as ‘no doc loans’
–looking for a home mortgage loan
–I know that these types of loans require a higher down payment, sildenafil (like more than 20%) and come with higher interest rates,
–I’m self employed and would like to know if I can qualify for a mortgage without waiting 2 yrs for tax returns

Best answer:

Answer by golferwhoworks
conforming but only to a 75% loan on the sales price and with a 720 or higher score

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Question by lorddog: FHA mortgage loan after 2 years from a short sale and bankruptcy?
can i get a FHA mortgage loan after 2 years from a short sale and bankruptcy 7? i have a hardship letter because of unemployment.
anyhow, viagra dosage mi homes financial is giving me a go ahead to build a house and close at the 2 year mark. brokers told me banks are requiring 3 years to do a loan. is mi homes gonna take my deposit ($ 12k) and when it gets to the 2 year mark say “oh your not approved?” and keep my deposit?

is mi homes financial the bank or do they send it off to a big bank (who wont approve it)?
no i have work history – its just back 3-5 years ago when all of this started i was unemployed for a few times.
i have work history of 3 years in dec 2012 when this closing is scheduled

Best answer:

Answer by Go with the flow
You have to be fully employed for 2 years to qualify for a mortgage, with tax returns to verify your steady income.

Did you know it costs about 25% to 35% to build a home than to buy one in today’s market? Why on earth would you want to build?
You could buy a $ 100,000 home vs. building one that costs$ 135,000.
Stop and think about this for just one minute.
What kind of scam comany called you. Time to kick them to the curb.

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In Southeast Queens, drug Epicenter of Housing Bust, Holding Onto Homes Still Elusive
The Obama Administration's Home Affordable Modification Program or HAMP was intended to keep people in their homes and protect neighborhoods from blight by providing loan modifications to people struggling with hardship and unable to pay their …
More informaiton please visit here…

Obama's Home Affordable Loan Modification Program– Learn How To Qualify For It
“Get benefited with Obama's Home Affordable Modification Program to make mortgage payments affordable enough and prevent losing home to foreclosure. Get better understanding of what is a loan modification on a mortgage and how to qualify for federal …
For more informaiton please visit here…

New HAMP Tier 2 Loan Modification Recent Announcement – Check Eligibility
“Few eligibility criteria of Obama's Home Affordable Modification Program has been relaxed now; those who could not qualify for original HAMP due to its stringent eligibility standards, may now be considered for HAMP tier 2 loan modification program.
For more informaiton please visit here…

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