Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics,Dallas- TX http://www.zillow.com/advice/Dallas-TX/all/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How can I list a home for sale by owner and for lease by owner? http://www.zillow.com/advice-thread/How-can-I-list-a-home-for-sale-by-owner-and-for-lease-by-owner/587420/ 2 replies Mon, 18 May 2015 17:01:00 GMT http://www.zillow.com/advice-thread/How-can-I-list-a-home-for-sale-by-owner-and-for-lease-by-owner/587420/ 2015-05-18T17:01:00Z Switching from FHA to VA 3 weeks before close - manual underwriting questions http://www.zillow.com/advice-thread/Switching-from-FHA-to-VA-3-weeks-before-close-manual-underwriting-questions/588410/ Long story, but we were approved through the automated underwriting system for FHA loan up to $300k. Found a house, went under contract and supposed to close June 12. &nbsp;Got a call from our loan officer last Friday and he said he wasn't aware of the income limits on the down payment assistance program he had us under and said instead of the planned $2k, we'd have to come up with over $9k to close since we make too much money for the program. We do not have $9k.<br/><br/>During our conversation he mentioned VA and I mentioned that my husband had served for about a year right out of high school. &nbsp;He asks why I never mentioned it, I said he never asked! &nbsp;We didn't think a year was long enough to qualify. &nbsp;Pulled our COE on the spot and submitted our information to the automated system for VA approval. &nbsp;It referred us to manual underwriting.<br/><br/>He was surprised that we were approved through the AUS for FHA but not VA. &nbsp;I have no idea what would trigger that for VA in our file. &nbsp;Our DTI is currently 14.5% and with the mortgage payment would make is 34%. &nbsp;Under the 41% limit. &nbsp;Our credit is basically flawless besides high balances, which we are working on. &nbsp;No bankruptcy, foreclosures, lates etc... One medical collection 5 years old and $500. &nbsp;Scores are still not ideal because of this - mid scores around 615-645.<br/><br/>Any idea what may have triggered a manual underwrite for VA and not for FHA? &nbsp;Now that we've switched financing mid-contract, do you think we'll make our closing date of June 12? &nbsp;I'm nervous about the manual and don't know if I should anticipate being denied. &nbsp;<br \><br \>10 replies Mon, 25 May 2015 23:45:00 GMT http://www.zillow.com/advice-thread/Switching-from-FHA-to-VA-3-weeks-before-close-manual-underwriting-questions/588410/ 2015-05-25T23:45:00Z Need a realtor who specializes in foreclosures/below market/reo properties to flip? http://www.zillow.com/advice-thread/Need-a-realtor-who-specializes-in-foreclosures-below-market-reo-properties-to-flip/586941/ Investor looking for a realtor specializing in finding properties that need rehabbing to flip.<br \><br \>3 replies Fri, 15 May 2015 02:22:00 GMT http://www.zillow.com/advice-thread/Need-a-realtor-who-specializes-in-foreclosures-below-market-reo-properties-to-flip/586941/ 2015-05-15T02:22:00Z Jumbo mortgage 10% down http://www.zillow.com/advice-thread/Jumbo-mortgage-10-down/558337/ Hello everyone,<br/><br/>Is it realistic to assume we can get a mortgage with a purchase price of $750k and down payment of 10% with FICO under 700? &nbsp;Other than a small car payment $350/mo and some student loans, no debts. Gross income over $200k. &nbsp;We had some credit issues years ago, and they seem to be following us.<br/><br/>Ideally, I can put down about $75k against around a $750k house, for a mortgage of $675k or so. &nbsp;Thoughts? &nbsp;I'm afraid to shop since I've heard borrowing money is so tough.<br \><br \>12 replies Sun, 07 Sep 2014 21:43:00 GMT http://www.zillow.com/advice-thread/Jumbo-mortgage-10-down/558337/ 2014-09-07T21:43:00Z 10% down, jumbo products in TX with a 720? http://www.zillow.com/advice-thread/10-down-jumbo-products-in-TX-with-a-720/585473/ Does anyone know of available 90/10 or 80/10/10 jumbo products in Texas available with a 720 middle FICO?<br/><br/>Thanks!<br \><br \>6 replies Mon, 04 May 2015 18:03:00 GMT http://www.zillow.com/advice-thread/10-down-jumbo-products-in-TX-with-a-720/585473/ 2015-05-04T18:03:00Z Should I try to get this home? $699k 10% down, http://www.zillow.com/advice-thread/Should-I-try-to-get-this-home-699k-10-down/572516/ We've worked over the last year to raise our scores. I'm low 700s on 2 688 on another. Wife is around 690 on all. We have 5% available, can borrow the other 5% (or have it "gifted"). Looking at $700k house in Dallas area. Tax return income is about $160k, $9k car loan, $53k student loans. No CC debt. Payments total about $800/mo. I want to shop but I'm afraid of getting my hopes up and getting shut down. Any thoughts from the mortgage pros?<br \><br \>14 replies Sat, 17 Jan 2015 15:09:00 GMT http://www.zillow.com/advice-thread/Should-I-try-to-get-this-home-699k-10-down/572516/ 2015-01-17T15:09:00Z loan on working visa http://www.zillow.com/advice-thread/loan-on-working-visa/585077/ Hi,<br/>I am on a working visa and in the USA since April 2014 and on working visa. Am I eligible for a home loan ?<br \><br \>5 replies Fri, 01 May 2015 03:26:00 GMT http://www.zillow.com/advice-thread/loan-on-working-visa/585077/ 2015-05-01T03:26:00Z If I found a house and willing to put 40% down payment? http://www.zillow.com/advice-thread/If-I-found-a-house-and-willing-to-put-40-down-payment/585328/ my credit score is between 640-650<br \><br \>7 replies Sun, 03 May 2015 14:30:00 GMT http://www.zillow.com/advice-thread/If-I-found-a-house-and-willing-to-put-40-down-payment/585328/ 2015-05-03T14:30:00Z What is the best area in Dallas/Ft Worth to purchase investment properties? http://www.zillow.com/advice-thread/What-is-the-best-area-in-Dallas-Ft-Worth-to-purchase-investment-properties/435197/ Im looking for the best area to purchase a investment property. I am looking for a SFR to avoid HOA fees. Thank you!<br \><br \>13 replies Wed, 14 Mar 2012 21:37:00 GMT http://www.zillow.com/advice-thread/What-is-the-best-area-in-Dallas-Ft-Worth-to-purchase-investment-properties/435197/ 2012-03-14T21:37:00Z I am 2 years past a short sale and want to buy a house in Texas. My credit score 680. Who can help? http://www.zillow.com/advice-thread/I-am-2-years-past-a-short-sale-and-want-to-buy-a-house-in-Texas-My-credit-score-680-Who-can-help/584574/ 5 replies Mon, 27 Apr 2015 21:46:00 GMT http://www.zillow.com/advice-thread/I-am-2-years-past-a-short-sale-and-want-to-buy-a-house-in-Texas-My-credit-score-680-Who-can-help/584574/ 2015-04-27T21:46:00Z Texas Jumbo loan options http://www.zillow.com/advice-thread/Texas-Jumbo-loan-options/582805/ Could someone please tell me if there are Jumbo loan options still available with the following scenario or are these no longer available:<br/><br/>Purchase price 1,150,000<br/>Dallas, Texas<br/>Interest only, 80/10/10 with 720+ credit<br \><br \>4 replies Tue, 14 Apr 2015 09:12:00 GMT http://www.zillow.com/advice-thread/Texas-Jumbo-loan-options/582805/ 2015-04-14T09:12:00Z I am considering a garage conversion and am curious as to the affect on future value? http://www.zillow.com/advice-thread/I-am-considering-a-garage-conversion-and-am-curious-as-to-the-affect-on-future-value/583440/ Dimensions 20 x 10 1 car wood garage It is a detached garage towards the back of my house. I'm currently using it for storage. I would likely covert the garage into either a play room or entertainment room. Doubtful that I would add plumbing but I might consider. greenway crest neighborhood<br \><br \>2 replies Sun, 19 Apr 2015 02:00:00 GMT http://www.zillow.com/advice-thread/I-am-considering-a-garage-conversion-and-am-curious-as-to-the-affect-on-future-value/583440/ 2015-04-19T02:00:00Z VA Loan in Texas http://www.zillow.com/advice-thread/VA-Loan-in-Texas/583254/ My husband is a 100% disabled vet due to unemployability. We live in Texas and want to purchase a home. However, my mid score is a 602 and my husband's is a 590. He receives VA disability and Social Security compensation. Is it possible to qualify for a home loan at this time?<br \><br \>7 replies Fri, 17 Apr 2015 14:05:00 GMT http://www.zillow.com/advice-thread/VA-Loan-in-Texas/583254/ 2015-04-17T14:05:00Z Will we get approved for FHA Loan? http://www.zillow.com/advice-thread/Will-we-get-approved-for-FHA-Loan/581407/ My wife and I are in early 30's . Both went through some tough times 6 years ago causing our credit to tank. Since then we have gotten our financials together and both have had a steady income for the last 5 years. Here is our information - Thank you for your help.<br/><br/>City - Dallas, TX<br/>Income - $148,000 (Combined)<br/>Monthly Bills - $1000 (credit cards + tax payment plan (no lien)<br/>Our Credit Scores - 523 - 604<br/>We have very healthy savings to pay $20K - $30K downpayment<br/><br/>Thanks<br/><br \><br \>8 replies Fri, 03 Apr 2015 00:52:00 GMT http://www.zillow.com/advice-thread/Will-we-get-approved-for-FHA-Loan/581407/ 2015-04-03T00:52:00Z My siblings and I are trying to sell my parents house. http://www.zillow.com/advice-thread/My-siblings-and-I-are-trying-to-sell-my-parents-house/581778/ We are trying to sell our parents house but the title of the house is still under our parents.&nbsp; They both passed away several years ago and until now we someone who is interested in buying the house as is.&nbsp; My question would be, can the title company help us sell the house without our name being on the title?&nbsp; We have a will that states that we are the owners but have not had the money to transfer the house to our name.&nbsp; We want to bypass changing the name of the title to all of us and go straight to selling it directly.&nbsp; Can a title company help us do this?<br \><br \>5 replies Mon, 06 Apr 2015 16:19:00 GMT http://www.zillow.com/advice-thread/My-siblings-and-I-are-trying-to-sell-my-parents-house/581778/ 2015-04-06T16:19:00Z where do I get a sellers disclosure form http://www.zillow.com/advice-thread/where-do-I-get-a-sellers-disclosure-form/581783/ 3 replies Mon, 06 Apr 2015 16:33:00 GMT http://www.zillow.com/advice-thread/where-do-I-get-a-sellers-disclosure-form/581783/ 2015-04-06T16:33:00Z Where to go for free advice/information from qualified realtors in DFW? http://www.zillow.com/advice-thread/Where-to-go-for-free-advice-information-from-qualified-realtors-in-DFW/581695/ Hello: &nbsp;I've been looking for the past couple of years online, to find some site or realtor company who has a place/site where I can get free information/advice for my realty questions.<br/><br/>So far, I have not found any. &nbsp;<br/><br/>I have tried contacting different realtor branches around the DFW metro area, with no response. &nbsp;<br/><br/>There are sites for free questions to lawyers and such........why aren't there any sites to get realty answers to my questions?<br/><br/><br/><br/>Thanks,<br \><br \>7 replies Sun, 05 Apr 2015 22:09:00 GMT http://www.zillow.com/advice-thread/Where-to-go-for-free-advice-information-from-qualified-realtors-in-DFW/581695/ 2015-04-05T22:09:00Z Buying a house with a commission based job. http://www.zillow.com/advice-thread/Buying-a-house-with-a-commission-based-job/581124/ My wife and I are trying to buy our first home. I work on 100% commission draw system and just found out that I won't be able to get finaced until I have worked there for 2 year. My wife's credit is poor (in the low 500's) so I was trying to do them lone by myself. My credit score is currently in the 700's. Is there any other options I have besides waiting for 2 years?<br \><br \>7 replies Wed, 01 Apr 2015 04:55:00 GMT http://www.zillow.com/advice-thread/Buying-a-house-with-a-commission-based-job/581124/ 2015-04-01T04:55:00Z 4k in collections can i get a home loan? http://www.zillow.com/advice-thread/4k-in-collections-can-i-get-a-home-loan/580632/ I have 1 collection worth $4K (non medical), but my credit score is 750+ with zero debt, would I still be able to qualify for a $110,000 loan with 5% down?<br \><br \>8 replies Sat, 28 Mar 2015 07:07:00 GMT http://www.zillow.com/advice-thread/4k-in-collections-can-i-get-a-home-loan/580632/ 2015-03-28T07:07:00Z Should I Invest with My Friend at Foreclosure Auction??? http://www.zillow.com/advice-thread/Should-I-Invest-with-My-Friend-at-Foreclosure-Auction/580347/ <p style="text-align: right;">&#8203;My friend found a foreclosed home at auction that is on the tax rolls for $650,000. He showed me the photos on zillow - and it appears to be a beautiful 4,000+ square foot home in Dallas that could be work $650k. The comps in the paperwork show sales in the same area (from 2013) in the $600 to $700K range.&nbsp;He wants us to go to the bank together to "get our ducks in a row" and... together... qualify for lines of credit totaling $400,000. His plan is to try to get it for $400,000... and then immediately sell it for $500K to $650K and split the profit.&nbsp;Even though he went to real estate school 20 years ago - and was an agent a few years back then... I'm wary about getting a line of credit and being on the hook for $400K... with the assumption that it WILL sell for $500K or $650K afterwards. He makes it sounds like a sure thing - but I've been burned on real estate deals before.&nbsp;Am I too cautious? Should I do the deal?</p><br \><br \>10 replies Thu, 26 Mar 2015 00:43:00 GMT http://www.zillow.com/advice-thread/Should-I-Invest-with-My-Friend-at-Foreclosure-Auction/580347/ 2015-03-26T00:43:00Z