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Tagged with: fha
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Mercy Croft
15 days ago
I am a 75 year old retiree. I have 1600 a month net income from social security and a small pension. I just got a credit score, because I recently took out a secured credit card. No FICO shows yet on experian, but creditkarma shows transunion 664 and equifax 670. I have no other credit cards or financing of any kind. The only alternative credit line I have would be my electric bill. All other bills are in my daughters name. I don't even have things like a gym membership or netflix account, so the only alternative credit line period is my electric bill. I have no debts on my credit history.

Does it sound like I can qualify, for either a FHA or USDA loan?
I am a 75 year old retiree. I have 1600 a month net income from social security and a small pension. I just got a credit score, because I recently took out a secured credit card. No FICO shows yet on experian, but creditkarma shows transunion... (more)
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Delecia Cann
15 days ago
I live in a city that just experienced major flooding. Hence majority of the houses on the market has been flooded and gutted with no additional repairs. Which means as the perspective home buyer I will have to repair the entire house. I have been told by my realtor that although I have been pre-approved for an FHA mortgage loan, I will need an additional loan or funding to cover repairs for I could purchase. If I have already been pre-approved for a certain amount will FHA give me additional funding to make repairs, and how does that work?
I live in a city that just experienced major flooding. Hence majority of the houses on the market has been flooded and gutted with no additional repairs. Which means as the perspective home buyer I will have to repair the entire house. I have been... (more)
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147
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Sheri Conrad
a month ago
Lender did not get two appraisals for flipped home. The second appraisal was done after closing and it was 24,000 less than the first appraisal, thus we were not able to negotiate another asking price. This also violates the 90 flip rule with FHA. The bank is claiming we refused a third appraisal which makes no sense. We have been asking for one for the past six months, and the bank ignored us until I reported them. I have written to consumer affairs who turned it over to FDIC and they said I have to file a complaint against the appraisers. Why is the bank allowed to get away with this?
Lender did not get two appraisals for flipped home. The second appraisal was done after closing and it was 24,000 less than the first appraisal, thus we were not able to negotiate another asking price. This also violates the 90 flip rule with FHA. ... (more)
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108
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Richard Hagen
2 months ago
I own a unit in Chrystal Lakes Condo, Hampton VA. I am currently renting it under a grandfather clause. I tried to sell it a year ago but FHA would not approve the loan because of the owner to renter ration.
In 2007 the HOA required sales only to owner occupied. I had a bank approved owner buyer but the FHA turned down her loan. What is the FHA policy on this? If I have a buyer who will owner occupy the unit and the HOA requires owner occupied then why would you turn down the loan? Can I (or the buyer) appeal this decision? Any advice?
I own a unit in Chrystal Lakes Condo, Hampton VA. I am currently renting it under a grandfather clause. I tried to sell it a year ago but FHA would not approve the loan because of the owner to renter ration.
In 2007 the HOA required sales only to... (more)
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Kathleen Taylor
3 months ago
Selling home FHA. Appraiser is requiring septic from well distance to be 75 ft or more. I currently have an fha loan, distance is 50 ft. Why am I being penalized? I could understand if this was new const. but I have lived here 20 yrs.
Selling home FHA. Appraiser is requiring septic from well distance to be 75 ft or more. I currently have an fha loan, distance is 50 ft. Why am I being penalized? I could understand if this was new const. but I have lived here 20 yrs.
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158
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Galen Quace
3 months ago
My DTI WITH the new house is like 27%

Will FHA cover a loan for this amount?
My DTI WITH the new house is like 27%

Will FHA cover a loan for this amount?
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147
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Costel Atanasiu
3 months ago
I am starting investing in properties I intend to flip and/or rent out. I already have a primary residence, a conforming loan. Can I use a FHA loan to buy a second home for business?
I am starting investing in properties I intend to flip and/or rent out. I already have a primary residence, a conforming loan. Can I use a FHA loan to buy a second home for business?
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A Curious User
3 months ago
I am semi retired, I have rental property, I watch my grandchildren, I help a friend with her mentally challenged son, I have a part time border and I do small event planning and catering...everyone pays me in cash...is there an FHA program that does SIVA loans?
I am semi retired, I have rental property, I watch my grandchildren, I help a friend with her mentally challenged son, I have a part time border and I do small event planning and catering...everyone pays me in cash...is there an FHA program that does... (more)
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164
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Melissa Bickman
3 months ago
I originated my FHA loan June 1 2012. I would like to remove PMI as the value has increased. What are the requirements to remove the MIP for this loan?
I originated my FHA loan June 1 2012. I would like to remove PMI as the value has increased. What are the requirements to remove the MIP for this loan?
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