IS THERE ANY LENDERS WHO FINANCE A HOME UNDER $30,000?
Some very big banks will. I know Wells Fargo Bank pays their mortgage consultants well for handling small mortgage loans under $50,000 so it is not such a burden to do all the work such a small loan still entails. Many smaller brokers, mortgage banks, etc. just are not set up to do mortgage loans below...

New Job at Bank Previously self employed....need mortgage (UPDATED)
I have never heard of a condo financed with a USDA loan which is the only loan with little or no money down available in designated rural areas. However, I do few USDA loans and they are usually homes on large lots that look like suburbia but are in rural areas of California. However, you should seek out...

Can i get a fha loan if my fico score is 588 and my husbands is 546?
Our Company is a direct lending mortgage bank in 47 states who happens to do FHA insured loans forborrowers with mid fico credit score down in the 500s. However, we can allow for 3.5% down paymentonly with a 580 score or higher. Otherwise, you must put down at least 10%. The reason we can do it is becausewe...

Can I switch from an FHA loan to a conventional loan
I wonder if that worked out ok? A high balance loan might be more difficult as many PMI companies require at least 85% ltv, as lameas it may sound! I try to find every avenue I can for borrowers, and can often provide what they want as direct lenders. I do broker sometimeswhen that is the avenue to meet my...

ING Home Loan-Underwater-Any Options?
There may still be some hope. Though you are not eligible for HARP2 as your loan is not owned by other Fannie or Freddie,you may still be eligible for a modification. I know people have had their loan modified without having to mess up theircredit, which has unfortunately been recommended by someone at...

HARP 2.0: Requirements to remove name from mortgage?
That was a good anwer you already received, apparently.I would take a close look at your current credit and if it is not quite good enough to do the HARP loan for the best rate...whatcan you do to improve it? Paying down all credit cards to 0 can give you FICO points (we use a tool to measure how many points...

First time home buyer with W-2 question
I do run the tool, often, for "rapid rescores." We look to see the least costly way for a borrower to increasethere credit score in a matter of days. So it may be possible for you to get to at least 640 in short order.Your husband does represent a dilemma though "no bad credit can work."...

Radian LPMI and lenders in California
We do them, but it is true, no one used to do them except the lender currently servicing the loan, on HARP 1. HARP 2 is a different story. I do not think many banks want to do them other than with loans they currently service, however, we do them. If your loan is much "underwater" I think the best bank...

HARP 2 Refinance
My perspective is there are a number of good loan servicing banks. The owner of your HARP2 loan will continue to be owned by eitherfannie mae or freddie mac. It is understandable you like the servicing of your current lender so why not have it continue you with them?I have to agree with everyone who has...

Self employed - mortgage declined. Need advice
There are some good answers to your question already it seems! I thought I would add that indeed lenders can be just different enough thatone may do the loan and one may not. So the knowledge at least two brokers convey here...experience can help guide them on your particularscenarion and who might do it....

60% LTV with 600 Credit Score
Work with a loan broker or lender representative who can demonstrate they have experience in aiding peoplewith increasing their credit scores. They will often do loans that alot of people will not (i.e. 500 fico to 639 fico)and thus have had to help people get their credit scores increased. They can...

Am I being scammed?
The company does not show up on a search of online "White Pages" nor could I find it via google. I would think withoutproper references or anything to go on you would not proceed until you are comfortable he is who he says he is andhis company is legit. I have resided very near Napa County and done...

Confused
You got it...probably the best and fastest solution is to have the relative buy the house. Unless, you have shown the rent receivedfrom the mobile home on your tax returns for at least one year. Then you can count 75% of the rent against the mortgage/tax/insurance payment.

How to buy a house after bankruptcy?
I want to respond in a different way from many fine answers and maybe limited answers to the issue of allowing a home to go to foreclosure vs. short sale, and the aspects pertinent to a discharged personal bankruptcy.A short sale always sounds better than a foreclosure.One always needs to consider the...

What lenders are likely to give me a jumbo loan when my qualifing income is made and remains in a C corporation.
I just came in the office for an hour or so to do some work...about to shut down my computer and Lender411 sent me your question.I don't know if it is coincidence (most likely) but it seems like I was meant to answer your question.YES we can use income in a c corporation. I was educated in interpreting and...

Secondary Income problem
I just got a mortgage payment/insurance/property tax removed from borrower's debt to incomeratio by showing the mother of one spouse was making the payments from her account.So, yes we do it! Our rate and pricing are quite good...we are a CA. lender...you may goto my website and submit your...

My credit score is just over 700 (hubby's is much higher), we have over 20% to put down, will we have any problems qualifying?
Tanyaw,It looks like you got a pretty good picture from the answers that you just need to get qualified and do yourcomparative shopping. Loan Officers and mortgage consultants differ in levels of experience and in the recordof their performance on behalf of clients. You want someone who has a proven...

When can i sell my FHA home ?
Some lenders, but definitely not all lenders, will loan money to a buyer wishing to purchase a flipped property.That is a property someone has owned for less than 90 days such as yourself. People sell houses within90 days of buying them. Make sure you make that first payment which more than likely is to...

Taking out a $500K mortgage on a $700K house in Southern California.
I am not sure of your question here Chad. It sounds like you are wanting to view options available to you perhaps? Youare maybe just getting start on doing your comparative shopping for a Broker or Mortgage bank?The best rates will come from a fannie mae or freddie mac loan, almost always. When you see the...

Not sure what happened with my last post. But the question is, if I'm taking $500K loan on a $700K purchase, is it better to take
Initially, the first mortgage second mortgage option will give you the lower monthly payment. Then the analysis getsmore tricky. Where are rates headed one year from now? Two years or more from now? My suggestion...if you can use a mortgage calculator is to assume the second mortgage eventually will get...