Is there a time frame on closing on an FHA mortgage loan?
by enplaytime More about Mercè Article by Leah Penn More informaiton please visit here… Question by reni768: Is there a time frame on closing on an FHA mortgage loan? I am in the process of buying a house and I know the lender said she had a deadline on completing the paperwork. She got the approval on Friday and says we can close this coming week though we have to come up with $ 3800 down. I have about 1/2 of that and I was wondering is there a time limit on an FHA loan on when you have to close or can our closing be pushed back a week or two for me to get the rest of the down payment?? We have not locked in a rate. My realtor is involved. I dont want my rate to change b/c we got a good rate. I may just have to go ahead and close this week. The money is part that I have saved, medicine some my dad has given me and my sister is going to allow me to borrow some if needed. I guess I could say that money is a gift from her and me & her know between ourselves that I am paying her back! Best answer: Answer by Dale … Your Maryland Net RealtorPart of the “deadline” for your loan will be whatever lock there is … the amount of time that the interest rate you were quoted will remain in place. Normally lenders don’t lock you in at a rate for too long … possibly up to 30 days … because the rates change so quickly. Possibly the thing that would be more important than what the lender says is what the contract to purchase the home has as a settlement deadline. If you are required under the contract to settle on or before “October 6” and you don’t do it, drug the contract could be declared null and void by the sellers and you could theoretically lose your earnest money deposit. You should verify your settlement date and make sure that your Realtor works with the sellers’ agent extend the settlement deadline if possible. Give your answer to this question...
Read MoreAre there any good 1st time home buyers programs to help with down payment and closing costs?
Question by Troy B: Are there any good 1st time home buyers programs to help with down payment and closing costs? Are there any good 1st time home buyers programs to help with closing costs and down payment? (Either or) I already have pre-approval and now was looking for help with the down payment or closing cost. As of right now the seller is picking up about 3.5% but that still leaves us with a sizable down payment and closing costs. Best answer: Answer by golferwhoworksthere are grant money available and ask the seller to pay closing cost. Your mortgage professional should have the info needed and apply for you Give your answer to this question...
Read MoreCan you include closing costs into a FHA loan?
by telwink What You Should Know Before You Apply for a Commercial Loan Article by Sandeep Thakur For more informaiton please visit here… Question by aginzo: Can you include closing costs into a FHA loan? I am buying my first home here in Orlando, sildenafil Fl and I was told you can finance your closing costs within your FHA loan. Does anyone know out there that has come into this situation? Any Florida mortgage brokers out there? Best answer: Answer by Sw33tzyes, you can. =) Add your own answer in the...
Read MoreQ&A: How often does a home loan pre qualify approvall get denied at closing time?
[cr] Question by BoSox2525: How often does a home loan pre qualify approvall get denied at closing time? I got pre qualified for a home loan, pills my credit and debt to income ratios are good according to my realtor, cialis 40mg how often do you see a pre qual that gets denied, I’m just worried becuase I know how today’s economy is, eventhough it’s getting better… I am applying for an FHA loan Best answer: Answer by MadManI do not know how often it happens but it does. So, make financing a contingency on the offer you put in for the house. Good luck. Know better? Leave your own answer in the...
Read MoreWhat is the time period can I refinance an FHA loan without paying closing cost again?
Check out these chateau pictures: Château de Fléville (France – Lorraine – 54) Image by michellefouineur Vue sur la façade est du château. Much more fantastic homes click here… Château de Fléville (France – Lorraine – 54) Image by michellefouineur Vue sur la façade est du château. A lot more fantastic houses click here… Question by Tim: What is the time period can I refinance an FHA loan without paying closing cost again? I am a first time buyer, adiposity financing an FHA loan today. Thank you so much. Best answer: Answer by Steve DYou always pay a closing cost – that is something you can’t avoid. If you refinance within a short period of time, sometimes you can avoid the appraisal fee, but you will always have to pay the document prep fees, the recordation fees, etc. Know better? Leave your own answer in the...
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