Posts Tagged "Buyer"

is it possible to obtain a $0 down home loan if you have good credit but no down payment? Ca 1st time buyer?

on Mar 13, 2024 in Stated Income Loans | 2 comments

Question by Sea: How can you refinance you home when your underwater by 100k? And the mortgage company has denied the Obama refinance? Best answer: Answer by Rick BYou can’t. You will have to stick to your original agreement. Add your own answer in the comments! Question by Alutiiq Beauty: If Citibank files for bankruptcy, order because that is the news going around the banks, what about mortgage holders? CitiBank is one of the largest mortgage holders for America, what is going to happen to all the people who owe money for the mortgages on a home? What do you think? Honest opinions/knowlage please Best answer: Answer by JoJo31With the current Home Mortgage situation the Government will take over the bank and you will pay your mortgage to them or one of their entities. No way are you going to get out of paying your mortgage. Add your own answer in the comments! Question by joey: is it possible to obtain a down home loan if you have good credit but no down payment? Ca 1st time buyer? I make good money and have very stable employment, viagra order but in California it is still very difficult to obtain a down payment on a home. I hear that Ameridream is a possibility? Does anyone know? thanks. Best answer: Answer by v bThe only way to have a down payment is to spend less than you make and save the difference. After the current meltdown, no bank is going to loan you this much money based on your salary. Give your answer to this question...

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How do you find out and qualify for the first time home buyer program through HUD?

on Feb 28, 2024 in HARP Refinance | 3 comments

by Center for American Progress Question by Maria Gallercia: How do you find out and qualify for the first time home buyer program through HUD? I want to know about the first time home buyer grant assistance program where the federal government finance the down payment. Thank you in advance. Best answer: Answer by davidmi711Talk to your mortgage company. They have all the info and application processes. Know better? Leave your own answer in the...

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First time home buyer, FHA loan or other Mortgage lenders?

on Jan 31, 2024 in FHA Information | 1 comment

Question by David: Do they verify income for HARP refinance? Under the new HARP rules, erectile ambulance I qualify and have been current on my mortgage. But my income is typically lower than what most banks would typically qualify for a mortgage. In other words a high debt-to-income ratio. Best answer: Answer by DarrenGenerally no. A bank may ask for that information in an application but your ability to repay is judged based on the payment history, If you have been on time in the last 12 months, Fannie Mae and Freddy Mac consider you able to repay. The exception is if your monthly payment were to increase by 20% then you would need a 45% or less debt to income ratio. Give your answer to this question below! Question by Sunshine: First time home buyer, patient FHA loan or other Mortgage lenders? Looking at buying a house soon (hopefully) but I’m wondering if I should look at getting a FHA loan? Looks like a better deal as far as getting into a house but if I get pre-approved for a FHA loan do I have to buy a HUD home or FHA approved home? How does that work? My credit is around 714 and I will have about $ 3000-5000 to put down and pay closing by the end of september if that helps. Best answer: Answer by MomFHA with low down payment can be used for any home. You will pay a monthly PMI payment that does not go toward principle, order escrow or interest. Conventional is 20% down. If you have no problem flushing 100 or 200 a month down the toilet then go FHA Give your answer to this question...

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Alternative to FHA loan saves buyer on mortgage insurance

on Dec 15, 2023 in FHA Information | Comments Off on Alternative to FHA loan saves buyer on mortgage insurance

Alternative to FHA loan saves buyer on mortgage insurance If the Cabalsi's buyers had used FHA, check buy they would have had $ 6, illness shop 600 added to their loan amount up-front and an additional $ 364 in monthly mortgage insurance. Cabalsi was able to offer a special loan that was structured as 5 percent down with no mortgage … If you would like more informaiton please visit here… FHA Home Buying Dollar Goes Far in Kentucky Current loan limits published by the government-backed mortgage program demonstrate that an FHA loan can be an affordable way to get into a single family home, a duplex, even a fourplex. FHA has loan limits for Kentucky residents with qualifying credit … If you would like more informaiton please visit...

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What are the guidelines for a FHA loan? Income requirements? Be a first time buyer? Loan amount Limit?

on Nov 29, 2023 in FHA Information | 3 comments

Question by : Can mortgage insurance come off of an FHA loan? If you pay down 20% of the principal balance on an FHA loan, what is ed can the mortgage insurance come off? Best answer: Answer by Common SenseNo, page unless you’ve had the loan at least 5 years. But remember it’s 20% of the value of the house, not the balance. Many values have dropped the last few years. Give your answer to this question below! Question by Alegria: What are the guidelines for a FHA loan? Income requirements? Be a first time buyer? Loan amount Limit? I have been approved for a home mortgage but we need to have 10% down due to the declining market area. What are the guidelines for a FHA loan? Do I need to meet income requirements? Is there a amount limit to what the FHA loan can be made? I want a fixed-30-year loan. Best answer: Answer by LucilleHere are many first time home buyers programs available. You may start by calling the city Housing Office in your city or the county housing officemortgage brokers or institutions that are authorize to administer the program. These agencies are normally listed on a pamphlet. What do you think? Answer...

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