Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics,Denver- CO http://www.zillow.com/advice/Denver-CO/all/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate DU Underwrite Findings Question http://www.zillow.com/advice-thread/DU-Underwrite-Findings-Question/590232/ Can someone please tell me what does: " no determination of ratios and creditworthiness required" Mean?<br \><br \>4 replies Sun, 07 Jun 2015 18:22:00 GMT http://www.zillow.com/advice-thread/DU-Underwrite-Findings-Question/590232/ 2015-06-07T18:22:00Z Do we have a chance to qualify? http://www.zillow.com/advice-thread/Do-we-have-a-chance-to-qualify/591533/ Is there a good chance we can qualify for a mortgage under our circumstances?<br/><br/>I was unemployed for 1 1/2 years due to moving out of state and having a baby.<br/>Currently work in a new field, have been here for three months.<br/>Credit score is 712. &nbsp;Only debt is $168/month for a personal loan.<br/><br/>Boyfriend has worked in the cannabis industry (which I heard can be a problem) for a little over a year.<br/>Credit score is around 600, no debt.<br/>We make around $70,000/year combined.<br/><br/>His parents own the home we currently live in. &nbsp;They plan to sell it and give us the $50,000 (give or take) in equity for a down payment. &nbsp;<br/>We are first time home buyers. &nbsp;<br/><br/>Are our chances high enough to try to pursue and move forward, or will the length of employment, etc hinder this? &nbsp;<br/><br/>Sorry, i'm completely lost in this process. &nbsp;Thank you for your help!<br \><br \>8 replies Tue, 16 Jun 2015 15:26:00 GMT http://www.zillow.com/advice-thread/Do-we-have-a-chance-to-qualify/591533/ 2015-06-16T15:26:00Z Is it possible to get $600k financing with 5% down? http://www.zillow.com/advice-thread/Is-it-possible-to-get-600k-financing-with-5-down/595500/ looking at new home, $630k and we have $30k to put down. 700+ credit score, $150k+ annual income, will close in early 2016.<br \><br \>9 replies Tue, 14 Jul 2015 01:09:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-get-600k-financing-with-5-down/595500/ 2015-07-14T01:09:00Z Searching for 80/10/10 for Colorado Home http://www.zillow.com/advice-thread/Searching-for-80-10-10-for-Colorado-Home/596375/ Hello all!<br/><br/>First, thank you for taking the time to read. &nbsp;My wife and I will be moving to Denver, Colorado in approximately 1 month (a bit longer, I hope so we have time for everything!) I'm having difficulty figuring out who to ask/where to look for an 80/10/10 loan for Colorado. &nbsp;I've seen some folks here respond regarding the DC area, NY and VA. &nbsp;<br/><br/>&nbsp;We're looking at properties in the 400-450k range. &nbsp;We have nearly 100k in liquid assets but don't want to wipe out our entire savings, so we were hoping to find an 80/10/10 or something similar to avoid the PMI. &nbsp;Credit score is currently 825 (might take a slight hit because I just got lasik and took them up on a 0% financing over 2 years deal), Income is ~125k/year (More after she finds employment after we move, we're uprooting for me, isn't she great? :) ). &nbsp; We would like to use our current home as a rental (would generate circa 1300/mo with a mortgage payment of $850, currently have around 40% equity in that home). &nbsp;Single car payment of $300 and current DTI of 1-3% Hopefully we would qualify for what we're looking to do...but I don't want to throw out our info into Lending Tree or other 'organizations' where we'll get dozens of calls per day. &nbsp;I'd like to target reliable lenders who'll work with our situation. &nbsp;Any thoughts, fellow Zillowers?<br/><br/>Thank you again for your time!<br/><br/>~jon<br \><br \>7 replies Mon, 20 Jul 2015 03:12:00 GMT http://www.zillow.com/advice-thread/Searching-for-80-10-10-for-Colorado-Home/596375/ 2015-07-20T03:12:00Z does Zillow offer a flat fee listing on the mls? http://www.zillow.com/advice-thread/does-Zillow-offer-a-flat-fee-listing-on-the-mls/498667/ 9 replies Mon, 24 Jun 2013 00:44:00 GMT http://www.zillow.com/advice-thread/does-Zillow-offer-a-flat-fee-listing-on-the-mls/498667/ 2013-06-24T00:44:00Z Finding a rental with a felony and bad credit? Good job and have been renting for the last year. http://www.zillow.com/advice-thread/Finding-a-rental-with-a-felony-and-bad-credit-Good-job-and-have-been-renting-for-the-last-year/477679/ 16 replies Thu, 07 Feb 2013 16:15:00 GMT http://www.zillow.com/advice-thread/Finding-a-rental-with-a-felony-and-bad-credit-Good-job-and-have-been-renting-for-the-last-year/477679/ 2013-02-07T16:15:00Z When buying a second home or a rental property - do you have to put 20% down if you finance it? http://www.zillow.com/advice-thread/When-buying-a-second-home-or-a-rental-property-do-you-have-to-put-20-down-if-you-finance-it/536226/ 8 replies Sun, 13 Apr 2014 05:33:00 GMT http://www.zillow.com/advice-thread/When-buying-a-second-home-or-a-rental-property-do-you-have-to-put-20-down-if-you-finance-it/536226/ 2014-04-13T05:33:00Z listing says active but cannot find it on zillow.com http://www.zillow.com/advice-thread/listing-says-active-but-cannot-find-it-on-zillow-com/595235/ HI, I posted a listing for a condo.&nbsp; the postlet says active.&nbsp;&nbsp; when I go to zillow.com, the posting does not appear.&nbsp; How long after a postlet says it is active before it will appear on zillow.com for potential tenants to view?<br/>Vickie<br/><br \><br \>1 reply Sun, 12 Jul 2015 13:26:00 GMT http://www.zillow.com/advice-thread/listing-says-active-but-cannot-find-it-on-zillow-com/595235/ 2015-07-12T13:26:00Z Hi The property now is for sale in $269900 how can change the value and status ? http://www.zillow.com/advice-thread/Hi-The-property-now-is-for-sale-in-269900-how-can-change-the-value-and-status/593525/ Address<br/>1520 Evans Ave. Denver Co. 80210&nbsp;<br/>&nbsp;<br \><br \>1 reply Tue, 30 Jun 2015 03:42:00 GMT http://www.zillow.com/advice-thread/Hi-The-property-now-is-for-sale-in-269900-how-can-change-the-value-and-status/593525/ 2015-06-30T03:42:00Z How do I Delete duplicate photos? http://www.zillow.com/advice-thread/How-do-I-Delete-duplicate-photos/593076/ 1 reply Fri, 26 Jun 2015 18:08:00 GMT http://www.zillow.com/advice-thread/How-do-I-Delete-duplicate-photos/593076/ 2015-06-26T18:08:00Z FHA cash-out refinance and paying credit cards at closing. http://www.zillow.com/advice-thread/FHA-cash-out-refinance-and-paying-credit-cards-at-closing/533098/ I know that with a Fannie Mae loan, the monthly payment on a credit card debt that is paid off at closing must still be included in the DTI calculation. Is this also true for FHA loans?<br \><br \>16 replies Thu, 20 Mar 2014 18:39:00 GMT http://www.zillow.com/advice-thread/FHA-cash-out-refinance-and-paying-credit-cards-at-closing/533098/ 2014-03-20T18:39:00Z how can I get a free appraisal? http://www.zillow.com/advice-thread/how-can-I-get-a-free-appraisal/404659/ 15 replies Thu, 23 Jun 2011 03:35:00 GMT http://www.zillow.com/advice-thread/how-can-I-get-a-free-appraisal/404659/ 2011-06-23T03:35:00Z I have an incorrect zip code on my listing. How can I correct it? http://www.zillow.com/advice-thread/I-have-an-incorrect-zip-code-on-my-listing-How-can-I-correct-it/589225/ 2 replies Sun, 31 May 2015 21:47:00 GMT http://www.zillow.com/advice-thread/I-have-an-incorrect-zip-code-on-my-listing-How-can-I-correct-it/589225/ 2015-05-31T21:47:00Z HOW TO PLACE LISTED HOUSE ON ZILLOW ENGLEWOOD, CO http://www.zillow.com/advice-thread/HOW-TO-PLACE-LISTED-HOUSE-ON-ZILLOW-ENGLEWOOD-CO/591223/ 1 reply Sun, 14 Jun 2015 18:31:00 GMT http://www.zillow.com/advice-thread/HOW-TO-PLACE-LISTED-HOUSE-ON-ZILLOW-ENGLEWOOD-CO/591223/ 2015-06-14T18:31:00Z Old home that was torn down still shows and new home at that address not in. http://www.zillow.com/advice-thread/Old-home-that-was-torn-down-still-shows-and-new-home-at-that-address-not-in/591368/ 1 reply Mon, 15 Jun 2015 16:49:00 GMT http://www.zillow.com/advice-thread/Old-home-that-was-torn-down-still-shows-and-new-home-at-that-address-not-in/591368/ 2015-06-15T16:49:00Z how do i change my listing from a MAKE ME MOVE to a FSBO listing????? http://www.zillow.com/advice-thread/how-do-i-change-my-listing-from-a-MAKE-ME-MOVE-to-a-FSBO-listing/590774/ 1 reply Thu, 11 Jun 2015 03:57:00 GMT http://www.zillow.com/advice-thread/how-do-i-change-my-listing-from-a-MAKE-ME-MOVE-to-a-FSBO-listing/590774/ 2015-06-11T03:57:00Z I would like opinions on appraising as a career path. Is there demand for it in Denver? http://www.zillow.com/advice-thread/I-would-like-opinions-on-appraising-as-a-career-path-Is-there-demand-for-it-in-Denver/589525/ Is it relatively easy to get a start in Appraising? Good Pay?<br \><br \>4 replies Tue, 02 Jun 2015 19:11:00 GMT http://www.zillow.com/advice-thread/I-would-like-opinions-on-appraising-as-a-career-path-Is-there-demand-for-it-in-Denver/589525/ 2015-06-02T19:11:00Z My payroll is base+commission any way to get a home loan? http://www.zillow.com/advice-thread/My-payroll-is-base-commission-any-way-to-get-a-home-loan/533184/ Hi I am trying to get a home loan. I got approved for a 110,000$ home loan. Then about 2 days later my loaner called back. Stating that I cannot receive a home loan due to the fact that I am on commission pay. I been with the company for 11 months now. The base pay is 1750 on the 25th of the month, and on the 10th its all commission. Which most of the time is about the same give or take couple hundred dollars. Averages 3500$ a month before tax. Is there a loophole around this??? I dont want to wait 1 more year.. Ive tried a few loan companies chase, wellsfargo, tcf bank with no luck Any helpful information is welcomed Thank you<br \><br \>19 replies Fri, 21 Mar 2014 04:02:00 GMT http://www.zillow.com/advice-thread/My-payroll-is-base-commission-any-way-to-get-a-home-loan/533184/ 2014-03-21T04:02:00Z How can I remove my pictures from listing http://www.zillow.com/advice-thread/How-can-I-remove-my-pictures-from-listing/589255/ 1 reply Mon, 01 Jun 2015 02:55:00 GMT http://www.zillow.com/advice-thread/How-can-I-remove-my-pictures-from-listing/589255/ 2015-06-01T02:55:00Z Owner Occupancy, Condos and Financing how they relate and what it means if you want to buy a condo? http://www.zillow.com/advice-thread/Owner-Occupancy-Condos-and-Financing-how-they-relate-and-what-it-means-if-you-want-to-buy-a-condo/461339/ Do you know what Owner Oc Rate (O.O.R.) &nbsp;is? The ratio of owners living in a community compared to rented units. EX: 100 units in a condo 65 of them are rented out leaving a 35% owner occupancy rate.&nbsp;<br/>What does this mean for buying a condo. Well if you are looking to obtain FHA&nbsp;financing&nbsp;you need at least 51% O.O.R. and the HOA to be in good standing plus have FHA approval. You can find if a condo is FHA approved at <a rel="nofollow" href="https://entp.hud.gov/idapp/html/condlook.cfm?CFID=17160599&amp;CFTOKEN=dd82bbfe95d42e44-66DBE82F-CA69-6344-FBB5A8C6D9706AA3">THIS SITE</a>.<br/>What if the condo is below that 51%? Then no FHA financing and you must do a conventional loan.&nbsp;<br/>Most conventional loans start at 5% down. So no problem right? Wrong. A new regulation that&nbsp;specifically&nbsp;involves mortgage company insurers setting new standards. Which you must have mortgage insurance if the loan is more then 80% of the total loan.&nbsp;<br/>Most mortgage insurance companies are requiring a 70% O.O.R. To which they will insure the loan IF 10% is being put down.&nbsp;<br/>What does this mean for buyers? This means that getting into a condo is that much more difficult. Many investors swoop up condos as it is low&nbsp;maintenance&nbsp;rentals. Which highly affects the O.O.R.&nbsp;<br/>When looking into purchasing a condo make sure you or your agent does due diligence to see if it is FHA approved, what the O.O.R. is and if you may be able to come up with the 10% down if the rate is at least 70%.&nbsp;<br/>This can save a lot of heart ache, time and pester when looking at purchasing these properties.&nbsp;<br/>If it is classifies legally at a town home this rule does not apply so make sure to check what the unit is legally described as.&nbsp;<br/>Happy Hunting!&nbsp;<br/><br \><br \>5 replies Tue, 25 Sep 2012 16:36:00 GMT http://www.zillow.com/advice-thread/Owner-Occupancy-Condos-and-Financing-how-they-relate-and-what-it-means-if-you-want-to-buy-a-condo/461339/ 2012-09-25T16:36:00Z