how much are the closing costs?
Closing costs vary, and will be different for every lender you talk to. However, if you are purchasing this is a very common area of negotiation. If you try to get the seller to pay the max amount that is allowed toward you closing costs, the worst they can say is no. The max allowed seller paid closing costs...
How do holidays affect mortgage closing?
You could "close" but the loan would not fund on a federal holiday. These days are also not counted in your rescission period after a refinance.
become a mortgage broker
Contact the CFPB and make sure they are going to allow Mortgage Brokers to continue to exist. The regulations are definitely much stricter on brokers.
Can I purchase a home with FHA or VA and get funds to add on an inground pool?
You cannot receive funds back at closing unless you were getting an FHA 203k, however those funds are only for repairs. If you wanted to add a pool I would suggest waiting until after closing and either getting a Home Equity Loan (if there is equity for it) or some sort of personal loan once the property is...
looking at buying a home.
If your back child support is not current, it will need to be before your loan is final. You credit score qualifies. The only loan product that is truly credit score sensitive is a Conventional Loan. The higher your credit score the better the interest rate. With another product, say an FHA, whether you...
middle score of 600 can I still get FHA for home purchase in PA?
There are companies out there that will offer FHA loans for credit scores under 640, however I believe you will have more options when it comes to rate/cost/company if you were to get your score to a 640 or better. Any knowledgeable loan officer should be able to either advise you on the steps to take to...
Further to vacation property question
Its sounds like you should be able to get a loan, but for how much is impossible to say. You will need to apply for a mortgage so that they can calculate your debt-to-income ratio so that you will know if you can be approved for the amount that you want.
My ex is alloiwing our house to be foreclosed. Can I purchase a new home?
If the house was refinanced into her name only and you quitclaimed the deed into her name only you are in good shape. If not, once the home is foreclosed on you will have a waiting period of a minimum of 3 years after the date of the sheriff's sale.
minimum fico
Some lenders will loan at a 580 or 620, however if you get to a 640 or better you should have a lot more options.
Are seller concessions allowed on all types of loans?
Yes. FHA, 184 (when it becomes available again) 6% of the purchase price, VA 4%, and Conventional 3%. I am here in Tulsa, feel free to call me with any questions 918-394-5626.