Question about FHA and tax extension
All Thanks for all the wonderful info in this forum. I'm almost at the finish line at least I thought.I am scheduled to close on May 19th. Underwriter just came back and asked if I filed 2016 taxes, I...
View ArticleCTC, 2nd review, closing scheduled for today
For two weeks we have been told closing is set for 4/28. Awesome I'm so happy and excited.Found out yesterday that the listing agent and title Co had not heard of the plans to close. We are buying a FM...
View ArticleFha interest at 5.25
Hi guys,Is the fha interest rate based on your credit score? I have an loan at 270 after down payment and closing cost. But I am quoted 5.25% interest. When the lender pulled my middle earlier in the...
View ArticleGeneral Homestead Exemption (GHE). How can it benefit Property tax reduction?
I'm building a new house ...FHA 30 year fixed. I recently read about General Homestead Exemption (GHE). How can I take advantage of it to reduce my property tax?
View ArticleUSDA and new job
Does anyone know how usda direct loans are as far as job history is concerned? We are applying in about a month and my husband may be at a new job. About 90% sure he will be. He has been at his current...
View ArticleWhen should I start the process?
If I have a goal to settle on a house in October or November, when should I consider going for a pre-approval? Not sure how far out the best timing is. Also, any advice on getting the process started...
View ArticleQualifying?
So my original plan was to wait and clear off some utilization and save up for a down payment... but home values are starting to skyrocket where I'm at and I really don't want to roll into another...
View Article605 Middle Mortgage Score - Need a mortgage in Michigan - Best Lenders?
I recently pulled my credit score, and although it has increased 40-60 points over the last year, the mortgage score hasn't risen quite as fast. I applied today with Quicken Loans for a pre-approval...
View ArticleDTI and student loans?
I am entering the planning stage to buy a home in the next few years but have some confusion about how student loans factor into the debt-to-income ratio. I've read some posts that indicate lenders...
View ArticleNew construction
If I build a home through track home builder they offer home theater as part of build. Everything for this goes into sales contract as part of home including components like receivers and speakers. So...
View ArticleRefinance vehicle to help with mortgage downpayment?
So im applying for an FHA loan for a modest house about 44k. And I just refinanced my vehicle for a better interest rate and was able to finance 1100$ more than my payoff to help with my downpayment....
View ArticleUnrembursed expenses
My husband and I are trying to purchase a new home. We were given bad advice about writing off deductions. Will this hinder our qualifying process for a home purchase?Max
View ArticleCan I qualify for a FHA mortgage while I owe money to the IRS?
I recently went through a divorce and learned that my ex-wife did not file our 2014 and 2015 taxes. Once I learned this, I hired a CPA and filed 2014/2015 and 2016 and ended up owing appx $15,000 to...
View ArticleUSDA Direct How to Apply?
I thought you apply for the USDA direct loan online, I don't see where to apply? I created an account, then realized it was for people who already have loans through USDA. I'm confused, please help.
View ArticleVA refi
I'm helping my sister and her husband prepare for a VA refi, not an IRRRL. LTV will be 80-85% DTI should be good (haven't run the numbers, but they should be fine based on what I've seen) They are...
View ArticleAmerica Funding Loans
Hello, Has anyone heard anything about America Funding Loans? I haven't been able to find any first hand information, good or bad, regarding this lender. I keep seeing their Facebook ads stating to...
View Articlemortage
left my husband in Illinois and moved to florida still married 2009 around 2014 he files bankruphy chapter 7 on our house (both names are on the loan) I did not file. he, then got a loan mod they...
View ArticleWhich score is used?!
I am so confused. For fha and/or usda which score model is used. Fico 8, or fico 2, 4, and 5? Just purchased my husbands scores and he qualifies for usda with fico 2, 4 and 5 scores which say older...
View ArticleAnother DO I QUALIFY thread!
Hi all, I've been mulling around the idea of trying to buy a home rather than continue to rent. Please look over what I've provided and give honest feedback. Thanks Income: $88k salary+ bonuses...
View ArticleQuestion about employment history
My wife and I are tentatively planning to buy a house around January/February next year. I had a question about employment history--I've been in the same industry for about 8 years, but was laid off in...
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