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Tagged with: loan
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David Cash
a day ago
I am trying to eliminate the PMI. My loan is 599,000 while the value of the home is over 1 million. The loan was started in April 2012. Can I eliminate PMI? If so, what steps do I need to take?
I am trying to eliminate the PMI. My loan is 599,000 while the value of the home is over 1 million. The loan was started in April 2012. Can I eliminate PMI? If so, what steps do I need to take?
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A Curious User
7 days ago
Ive been in a purchase agreement for 2 years and closed today. I found out yesterday that I got a promotion out of state. I know i can have 2 FHA loans because of my job relocating me but how does this affect the selling of the house? Does the mandatory job relocation change the selling process?
Ive been in a purchase agreement for 2 years and closed today. I found out yesterday that I got a promotion out of state. I know i can have 2 FHA loans because of my job relocating me but how does this affect the selling of the house? Does the... (more)
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232
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Mercy Croft
2 months 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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Richard Hagen
3 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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Leann Castaneda
4 months ago
We are FHA refinancing cash out and since we live in a common state they have to consider my spouses debt as well, even though they will not be on the loan. They have said they will continue to monitor my credit through the closing process, but will they also continue to monitor my spouse who is not on the loan. They have already pulled her initial credit report.
We are FHA refinancing cash out and since we live in a common state they have to consider my spouses debt as well, even though they will not be on the loan. They have said they will continue to monitor my credit through the closing process, but will... (more)
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192
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Costel Atanasiu
4 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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Kate Anderson
4 months ago
My husband owes back child support - I understand even if he isn't on the loan, his name is still connected to the purchase. In that case, can the state (WI or OK) post a lien against us for the amount due?

“Except for obligations specifically excluded by state law, the debts of the non-purchasing spouse must be included in the borrower’s qualifying ratios, if the borrower resides in a community property state, or property being insured is located in a community property state.”
My husband owes back child support - I understand even if he isn't on the loan, his name is still connected to the purchase. In that case, can the state (WI or OK) post a lien against us for the amount due?

“Except for obligations specifically... (more)
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A Curious User
4 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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