FHA Mortgage qualification 2012 Georgia?
the most of the record low mortgage refinancing rates Articles by Crawford Rizenka For more informaiton please visit here … More articles Harp refinancing rates Question by : FHA Mortgage qualification 2012 Georgia? I am a first time home buyer in Georgia. I have 3 years of rental history and after my third year I lost my job. I went to my leasing office and came up with an agreement with them. They agreed but 2 weeks later renegedd. I moved out of the complex and lived with my fiance for 2 years. I am now trying to purchase a home and I have the credit score and the down payment. I am within my qualification range as far as ‘how much’ I can afford, erectile however the loan officer I spoke with is telling me I need 6 months of reserve and a down payment and that I need to have saved this reserve over a period of at least a year. My fiance and I were just looking at home 3 months ago with a different loan officer and his score is lower than mines and he never even rented (518) he had a cosigner whose credit score is also lower than mine (525) mines is a 579 and the two of them purchased a home for 134,000 with 3000 down Im putting $ 7000 down on a 67000 house. Am I being given the run around or is this some new thing, because I just went through the loan process four months ago and this was not the procedure. Best answer: Answer by linkus86I think the only person giving you the run around is your fiance who told you his co-signor’s credit score was below yours. To get an FHA loan you need a min score of 620, have no late payments in the past 12 months, pay off anything in collections that is more than $ 100 (w/ a couple of exceptions) including any judgments you may have against you from former landlords, have 6 months payment in reserves (does not need to be saved over a year) and be able to afford a 3.5% down payment You can negotiate the seller to pay the closing costs. Unless you can get a co-signor or clean up your credit and have the income to afford the loan on your own, you are out of luck. You debt ratio will determine the size of loan you will qualify to borrow. Good Luck Add your own answer in the...
Read MoreJan 1-7, 2012 Real Estate Market Update
Exclusive analysis and forecasts for the year 2012 from SQM Research founder Louis Christopher -: learn the first to the last Lower North Shore property news, tadalafil look including. – Factors influencing the Lower North Shore Market – Local owner “How can I have a premium price in a tough market” – Recent buyer, “what attracts buyers to Lower North Shore” Other major estate info click here … Eviction Day: Mortgage Crisis Forces Man From Home. Filmed on 4th December, 2008. Used with permission. For more information please visit www.ElliottForRealEstate.com Twitter twitter.com LinkedIn: www.linkedin.com Facebook Fan Page: www.facebook.com Other major estate info click here … Obama Administration Extends Home Affordable Refinance Program HARP Article by Seattle Real Estate Reel Seattle / Bellevue Real Estate Mortgage Rate Watch: No Auctions & No Economic Data leads to a week that may come to the benefit of Mortgage Rates. On Friday Mortgage Rates show some signs of resilience from the Unemployment Report. Although the unemployment rate ticked down slightly which would have come as good news and bad for rates actually had the opposite impact. The underlying concern was the hourly earnings not increasing. In a time of so much inflation concern if the consumers income stays flat and costs are rising companies have a hard time passing on higher costs to the consumer. This will be a key indicator to watch in the coming Unemployment reports. Should hourly earnings begin to increase and unemployment ticks down further INFLATION will once again rear its UGLY head and pressure rates higher. EXTENSION!!!!! ALERT!!!!!! The Obama Administrations Home Affordable Refinance Program or H.A.R.P. was extended. Originally your home loan had to be purchased by Fannie Mae or Freddie Mac by March 2009 in order to qualify. Many home owners were after this date disqualifying their ability to refinance. BUT the program has been extended to June of 2009, web only three months but we are finding this is a big window of opportunity for many home owners who want to refinance and are undervalue. You can check your home loan by clicking here for more information. You can also contact us and we will gladly offer our assistance. Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today? Daily Video Here: http://www.realestatereel.com/seattle-and-bellevue-real-estate-news-4411/ <p About the Author Assisting Seattle and Bellevue homeowners obtain a structured mortgage to financially benefit and compliment their real estate goals. With mortgage rates at historical lows, it is important to structure your financing goals now, for the long or short run to secure your financial savings. If you would like more informaiton please visit here… by mararie Ways To Deal With Construction Prices Article by Pamela Jeffers Construction is rarely an reasonably priced undertaking. Whether or not you’re an enterprising people wanting to interrupt into the construction industry, page or a needful homeowner or businessman eager to have your personal building erected, viagra 60mg you would have to cope with comparatively excessive development costs. Building prices are a conglomeration of many components in the construction process. These embrace the proportional price of...
Read MoreTechnology, Energy Hubs to Outperform the National Office Market in 2012
by h&b The office marketplace should slowly boost throughout 2012. National Genuine Estate Investor If you would like more informaiton please visit...
Read MoreMortgage deal seen for 2012
by iWorks Photography An open-air center in Tennessee trades hands for $ 131.7 million. National Actual Estate Investor If you would like a lot more informaiton please check out here… by boxchain Herding cats would be less complicated.The year-plus process of hammering out a 50-state foreclosure settlement among the nation’s largest banks and all attorneys general could not occur till sometime in 2012.State and federal officials are again attempting to wrap up the sticky, rx protracted talks, generic but sources think that it’s unlikely that any agre… … Read … (much more) Mortgage News For much more informaiton please pay a visit to...
Read MoreDelayed Action on Legislation Will Shape the CRE Industry in 2012 and Beyond
by The Library of Congress Legislation is creeping its way through Congress that could both aid and hurt commercial actual estate. National Genuine Estate Investor For far more informaiton please go to...
Read More