Refinancing as a joint couple question
You would typically need a 620 minimum score to obtain conventional financing, and a 580 for FHA financing. The lender uses the middle score but the lower of the middle of both borrowers. So if your middle score is higher, and you can substantiate the loan without using her income, you will likely save a...

will fha approve condo with no central air?
You need a heat source, but you are not required to have a cooling source. I'd be more than happy to help you further if you need. Maureen- Maureen@MaureenMartin.com

What is the credit score for Conventional in California?
The minimum conventional credit score is 620. This must be the middle of your three scores. I hope that helps! Maureen MartinMMartin@JMJFinancial.com

best way to go from fha loan to conventional
All FHA loans have mortgage insurance. So assuming that you qualify for a conventional loan, you would refinance from an FHA loan to a conventional loan to lower the rate and remove the MI. Note that you also need the equity of at least 20% in your home in order to avoid the PMI with a conventional loan as...

Getting equity out of refinancing a VA loan with bad credit
Unfortunately a 501 score won't allow you to obtain any type of traditional financing. I would suggest that you connect with a credit repair specialist to see if you could remove those lates instead to bring up your current score. Being that you're VA eligible, that should open the door for you to take...

mother passed and my sister lives in the house.The house was left to me and my sister.She wants to get a reverse mort. can she?
It depends on how old your sister is, is she over the age of 62? Also it depends on how much is currently owed on the mortgage. If there is no mortgage on the property and she is over the age of 62 and lives in the home as you mentioned, she should be eligible for an FHA loan. If it's a condo, the complex would have...

How long does money need to be aged so it can be used as down payment?
You need to have the funds in your account for at least 2 full billing cycles if it's conventional financing. Conventional financing requires 2 month's bank statements. Any large deposits within those last two billing cycles will require sourcing. I hope that helps! :) Maureen MartinMMartin@JMJ.ME

Can a lendoer on a home loan request documents after closing ?
You do need to pay it off as it sounds like it was clearly a condition of the loan. It sounds like the loan would not be saleable if that is not paid (likely a debt to income issue) and in which case the loan could be recalled. It's unfortunate that this happened, but it sounds like you knew about it all along,...

what if my credit score is low and my spouses is high- joint loan
Lenders will always take the lower of both of your middle scores. So even if your husband's credit is better than yours, the banks will use your score to qualify. Maureen MartinJMJ FinancialMMartin@JMJ.ME

How long does it take to restore entitlement after paying off a VA loan?
I've had it done within hours of requesting it. The VA restores it and I've had times where it's needed follow up as well. So with precision and focus, it can be done quickly!

looking for a VA loan.
I'm happy to help. I've been working with veterans for nearly 20 years. You're welcome to reach out to me directly. Maureen MartinJMJ FinancialMMartin@JMJFinancial.com