 Can I get a reasonable home loan w/ very poor credit? |
| I got into trouble a few years back and since has paid off my debt however my credit is barely over 500--what do you think?... |
|
 Im due for 2 months on my mortgage, can they refuse a payment? |
| I can only make one payment, can they refuse payments unless it's in full?... |
|
 Should my landlord (agency) tell me the intentions of the owner before i signed the contract? |
| 3 months ago i moved into my property i was told when i viewed the house that i would be there for years and i clarified this as i have a 2 year old and pregnant, the agency said that i would. So i ... |
|
 Is there a way to get out of a mortgage I cosigned with a friend? |
| He dosent work and hasnt been very good with his bills, I did not really put any money into the house and i just want out to save my credit.... |
|
 I sold a house on 8/31/2007. I didn't pay the mortgage that month. How would this affect my credit? |
| The bank sent a note of one unpaid monthly payment to the credit bureau. How would this affect my credit?... |
|
 Would I qualify for a 300,000 mortgage loan ? |
| This is my situation my husband and I have two small children for which for the past two years I made very little; and my husband is self-employed. We made a combined 39,000 2006 and 36,000 2007. We ... |
|
 Why should I hire a realtor? |
| I feel that all of the realtors I have used over the last 35 years/8 houses have only been concerned for themselves. The last 2 houses I bought from owner. Can anyone change my mind that realtors are ... |
|
 I'm buying my first home. Do I really need a lawyer? |
| I think I can figure it out on my own. Is a dual agent enough?... |
|
 How could listing my home at a higher commission rate benefit me? |
1. I could raise the selling price higher
2. It will attract more realtors to show the house and could cause it to sell more quickly
3.It will attract more buyers to drive ... |
|
 What is a foreclosed home? |
how do foreclosed homes work? Do i pay what is owed against them or so i just purchase it for a super low price?
Additional Details
So a Foreclosed home is not bought at an auction?... |
|
 Buy now or wait? |
| i'm ready to buy my first house here in southern california and was wondering when a good time to buy would be. i know the market is dropping, but for how long.... |
|
 Tenant rights? |
| im currently renting a 3 bed terraced from my father i dont know what rights i have concerning decorating and new windows? anyone help?... |
|
 When will the housing market for sellers improve? |
| There are about 10 houses for sale in my neighborhood and they just aren't showing. Some have been on the market for over 250 days. Realtor told us that it is a buyers market right now. I live ... |
|
 If I have bad rental history and my girl doesn't, can we still get an apt together? |
| She has good credit history and rental history and I don't. I would like to know if there is a way we could still be able to get a place without having any problems. please ... |
|
 Do you always have to put a 10% down payment on a house? |
| My fiance and i would rather buy then rent....we are just worried about the large downpayment. Is this always necessary?... |
|
 I want to save for a down payment on a house, but I pay $1300 for rent. Any suggestions on how I can save $? |
| I want to save up to $20,000 in the next two years and it would be possible if I didn't have to rent. My credit is getting repaired, its not bad, but its not great. I bring home just about $2500... |
|
|  |
flawolfchild | Serious Answers ONLY Please. Trying to purchase a house? |
I am a single mom with 2 kids and would like to know the proper procedures in buying our first home. I need to know where to start and how to get grants or loan approvals. I have a full time job making roughly 32k a yr plus child support of roughly 7800.00 per yr. My credit is fair I believe my beacon level is somewhere around 620. So if anyone can point me in the right directions I would greatly appreciate all the help you can offer.
Thanks in advance. |
 |
 
newmexicorealestateforms
 |
You can always go to our website and order our free pamphlet #1 Basics of buying and selling real estate it's 14 pages long full of information and it's free no strings attached and we don't put you on a mailing list, it's a public service. It's full of links and real information that you can use. Here are some links you can use:
FHA Federal Housing Administration loan programs: http://www.fha.com/
FHA Rural Housing loan programs: http://www.rurdev.usda.gov/rhs/common/indiv_intro.htm
US Government Housing assistance grants all areas:
http://12.46.245.173/pls/portal30/catalo...
US Government Grants page: http://www.grants.gov/
US Federal Domestic Assistance catalog for all Federal Programs available to State & Local Governments & the Public
http://12.46.245.173/cfda/cfda.html
All government Benefit Programs http://www.govbenefits.gov/govbenefits_en.portal
Department of Veteran Affairs – Home buying programs for Veterans:
http://www.homeloans.va.gov/veteran.htm
Federal Reserve, pamphlet on acquiring the best mortgage: http://www.federalreserve.gov/pubs/mortgage/mortb_1.htm
US GOVERNMENT CONSUMER TIPS ON HOMES: http://www.consumer.gov/yourhome.htm
Low Income Home Purchase Assistance (Private): http://www.nehemiahcorp.org/
AFFORDABLE HOUSING CONTACT LIST FROM REALTOR.COM US GOVERNMENT AND ALL STATES: http://www.homefair.com/homefair/servlet/ActionServlet?pid=187&art=contlist&cid=homefair
Low income housing assistance (private) Habitat for Humanity: http://www.habitat.org/
USDA Rural Housing programs & eligibility requirements: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Buena Suerte |
|
oakhill
 |
The steps in purchasing a first home can seem unlimited, but you are on the right track. As a good start, http://www.ehow.com/how_110971_buy-house.html
gives 20 steps, with other links, on the considerations and factors. Several other good sites are found under a search for "buying a house". The FHA web site also has very good information on the steps in grant/loan procedures , see attached link |
|
Jerry829
 |
I don't know where you live, but I know that in our town, Scranton PA, we have a First-Time homebuyers program. The office is called the Office of Economic and Community Development (OECD) and is located in the City Hall. You may want to call your City Hall and start there. Also, many banks have programs for persons just as yourself. Whatever bank you deal with, stop by and talk to a loan officer.
Hope some of this info can help you. And wish you Good Luck. |
|
Nyte M
 |
1st Contact a loan officer or bank in your area that is familiar with either the Fannie Mae's My Community, Freddie Mac's Home Opportunity program or FHA. Do not contact a Realtor until you know what you can be approved for and how much, based on income and credit. The above mentioned programs will work superbly for you!
2nd. You'll want to gather all your income; including 3mos bank statements to support receipt of child support, plus parenting agreement to show continuation, current pay stub and last years w-2. If you have assets, like 401k, checking, savings, IRA's include these too.
3rd. Be pre-approved, not pre-qualed. Any broker worth their fee can provide an approval in a matter of minutes if he/she has the items from the second paragraph.
4. Upon pre-approval, (which are good for 120 days if using automated), you contact a Realtor. Realtors like pre-approved borrowers.
5. Find a home, and broker submits package to lender..appraisal, title, income, assets, etc. Lender approves.
6. Escrow is opened and you sign your docs...Lender funds. Congrats!!! your a home owner.
FYI: All States, and or counties offer some sort of DPA (down payment assistance) to assist borrowers with closing cost. Some are subsidized and offer no re-payment should you live in home for a certain period of time..others offer below market rates and others require full payments based on typical market rates. Your broker should also be aware of these programs too. |
|
Ken
|
Since you are a single mom with a relatively low income, you should check for programs in your area that provide down payment assistance. I have found this website helpful:
http://www.downpaymentsolutions.com/
The first step is to determine how much home you can afford. A good rule of thumb is 3-3.5 times your income plus whatever you can put down. You also should calculate your current debt as a percentage of your income. If your back end debt ratio is too high, you may have to pay off some debt before obtaining a mortgage.
After you determine how much home you can afford, I would go to realtor.com often and search in your price range. When you find a home in an area that you like that you can afford, call a realtor to see it right away.
Good luck to you, hope this helps. |
|
WI
|
For Grants - Starts with HUD Housing of Urban Development they offer some grants like American dream, their web site will also direct you to your states Housing department (In WI it is WHEDA) they will probably offer assistance. Also look at the city's web page and something similar to neighborhood services. Some of these grants are "Stack-able" meaning you can use more than one. Most of them will require you to take a home buyer's education course. |
|
justme
|
Find a Realtor you like and they can start the whole ball rolling for you. They know of all the different loans available. It doesn't cost anything to ask and they should tell you of any and all fees for any service they perform for you. |
|
smiling_freds_biz_info
|
Good goal! Do some house hunting - find a reliable/honest realtor to point you in some directions. Reward him/her by using their service should you decide on something. Good Luck! |
|
bodi
 |
Hi. I recommend finding a good real estate agent and ask that agent to be your "buyers agent". If you don't have a buyers agent the re agent legally has to act in the best interest of the seller in most states. Read the book "Nothing Down" by Robert Allen which will teach you many things about buying a house. It's a little hokie in the beginning but keep reading. There is a lot of money to be lent right now and the houses are getting cheaper.
a good real estate agent is your best friend. They have all the contacts that you will need. If you have more questions send me an email. Good luck.
trust the |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 4 minutes(s) ago
| | | |
9 | 6 minutes(s) ago
| | | |
9 | 11 minutes(s) ago
| | | |
9 | 15 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
8 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
