Loan amount limits for FHA loan?
My family and I have fallen in love with a simple home in our neighborhood that is up for sale. Is an FHA loan just for low income buyers? I would love to qualify and would like to know the loan amount ...
Do you need a 3.5% down for any type of loan?
With so many loan options out there for first time home buyers like me, it can be quite confusing. Is it true that you need a 3.5% down payment for any type of home loan? I live in the Miami area and I ...
FHA home qualifications?
After waiting so long I finally got a pre approval for an FHA loan depending on what state I choose. I saw a property but I don’t know if it would qualify. It doesn’t have a sink and stove in the ki...
Applied for USDA but got an FHA instead
Income is $50k with scores at 690, 727, and 699. I have student loans and credit cards while DTI is minimal. I applied for a USDA but was only approved for an FHA at $250k due to low credit. How did thi...
Cash refinance questions
I talked with my lender to inquire about a cash out refinance. They asked what it was for and I told them it was for debt consolidation. He ran our credit and came back and told me that I was approved a...
Loan application with income coming from own business
We are looking to buy land soon and would like to know what would a lender consider my income to be when my wife and I own a business? Our net profit for this year is $260k.
Will paying off my house hurt my scores?
My wife and I are planning to build a new home. We are selling our home but we have enough to pay it off now. I was thinking of paying just a chunk down on it to lower interest, last month's interest wa...
Self employed applying for a loan
My family fell in love with a mobile home across town that is listed for sale at $90k with $500 a month lot rent. We have around $50k saved and we would love to buy the home and turn it into a rental. W...
Change of plans after buying a new construction home
I signed a purchase contract a few months ago to buy a new construction single family home. The house was delayed in construction and many things have happened since then. We had a newborn in the family...
Closing costs average?
Hi, I want to ask about a good average percentage for closing costs on a commercial loan? I am paying more than 3 to 6% which seems pretty high for me.
Low down payment options
Is anyone familiar with requirements for conventional loans with a 5% down? I know lenders can offer different rules and I want to get a general idea of how this works. I have an FHA loan for a duplex w...
Fresh grad applying for a loan
I just graduated from college and I plan to buy my first home. I came across a qualification for a loan approval which states that you need two years worth of tax returns. I do have a job but only for t...
Any idea on interest rates?
I am trying to figure out if it’s possible to use HELOC on one of my investment properties. What are the qualification requirements? What interest rates can I expect?
What are USDA home loan qualifications?
My family has grown bigger in the past few years and we need to look for a larger home. The good news is we fall smack into the income eligibility range for our family size. I am looking at a modular ho...
Applying for another FHA loan
My credit score is around 710 and I want to make another home purchase using an FHA loan. How long do I need to wait after an FHA short sale to apply?
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