Zillow Advice RSS: Question-Discussion-Guide,Mortgage,Louisville- KY http://www.zillow.com/advice/Louisville-KY/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Can you get a mortgage loan with a credit score of 620? We're having a terrible time. http://www.zillow.com/advice-thread/Can-you-get-a-mortgage-loan-with-a-credit-score-of-620-We%27re-having-a-terrible-time/557504/ 9 replies Mon, 01 Sep 2014 21:09:00 GMT http://www.zillow.com/advice-thread/Can-you-get-a-mortgage-loan-with-a-credit-score-of-620-We%27re-having-a-terrible-time/557504/ 2014-09-01T21:09:00Z Refi investment property in KY - 80-90 LTV http://www.zillow.com/advice-thread/Refi-investment-property-in-KY-80-90-LTV/602092/ I have viewed this question previously on this site. However, it was not specific to my state and therefore the lenders who replied could not help me. My situation is that I have an investment property that does not qualify for the harp program. I want to refinance it &ndash; I really need to refinance it due to circumstances with the original loan. However, the LTV is closer to 90% and I do not have a lot of money to put down to close the ratio. Are there any lenders licensed in Kentucky that will do 80% or greater?<br \><br \>6 replies Wed, 26 Aug 2015 21:34:00 GMT http://www.zillow.com/advice-thread/Refi-investment-property-in-KY-80-90-LTV/602092/ 2015-08-26T21:34:00Z i'm on 1099 and my wife is W2 should we file together for a home or choose one? http://www.zillow.com/advice-thread/i%27m-on-1099-and-my-wife-is-W2-should-we-file-together-for-a-home-or-choose-one/596837/ I've just recently switched to 1099 so I don't have two years of papers under that. I have been employed under W2 for the last 7 years though. I just haven't been able to find any good information on whether she should file for a mortgage solo or if my income could help?<br \><br \>9 replies Wed, 22 Jul 2015 21:23:00 GMT http://www.zillow.com/advice-thread/i%27m-on-1099-and-my-wife-is-W2-should-we-file-together-for-a-home-or-choose-one/596837/ 2015-07-22T21:23:00Z Fannie Mae HomeStyle in Louisville, Kentucky http://www.zillow.com/advice-thread/Fannie-Mae-HomeStyle-in-Louisville-Kentucky/590684/ Hello,<br/>My wife and are considering buying a "fixer upper" that needs some work done in the kitchen, bathrooms, etc, and are researching potential financing options.&nbsp; I've read about Fannie Mae's HomeStyle program, and am trying to find any lenders who offer it in the Louisville, Kentucky area?&nbsp; Does anyone know, or recommenda anyone?<br/><br/>Thanks,<br/>Cameron<br \><br \>3 replies Wed, 10 Jun 2015 16:45:00 GMT http://www.zillow.com/advice-thread/Fannie-Mae-HomeStyle-in-Louisville-Kentucky/590684/ 2015-06-10T16:45:00Z Is it normal to get pre-approved then disapproved? http://www.zillow.com/advice-thread/Is-it-normal-to-get-pre-approved-then-disapproved/589357/ I had a pre approval letter from Wells Fargo for a condo unit I was buying. After more than 45 days of paper work and taking application fee, they informed me that my application was disapproved because the investor owns more than 10% of condo units in the condominium meanwhile this condominium has FHA approval for all of its units. Well Fargo made us pay for application fee and processed everything and this was its decision. Is that normal? Shouldn't this been smth said from the beginning and wouldn't been granted a preliminary approval rather than going through all this time and paying for application fees? Please give me advice on this!!&nbsp;<br \><br \>17 replies Mon, 01 Jun 2015 19:08:00 GMT http://www.zillow.com/advice-thread/Is-it-normal-to-get-pre-approved-then-disapproved/589357/ 2015-06-01T19:08:00Z home loan with 604 mid score is it possible? http://www.zillow.com/advice-thread/home-loan-with-604-mid-score-is-it-possible/586316/ Louisville Kentucky looking to purchase my parents home im a disabled vet just got medically retired. Currently gross over $75,000.00 a year.<br \><br \>5 replies Sun, 10 May 2015 22:40:00 GMT http://www.zillow.com/advice-thread/home-loan-with-604-mid-score-is-it-possible/586316/ 2015-05-10T22:40:00Z Help, about to lose my mortgage http://www.zillow.com/advice-thread/Help-about-to-lose-my-mortgage/582840/ I am in the middle of a mortgage. I was pre-approved, then a nightmare happened. &nbsp;I had disputes showing that UW caught. &nbsp;We got the disputes off, however my credit score took a beating, basically no longer pre-approved. Mortgage officer ran my credit through a "what if simulator." &nbsp;I HAVE the get ERC collection off. &nbsp;I have tried just about everything. &nbsp;I have gotten all the way to the Operations Manager, was told to email customercare@erccollections.com. &nbsp;I recieved a generic response today that they cannot do a pay for delete, they are only required to report it fairly. &nbsp;My contract is about to expire on the house this Friday. &nbsp;Hopefully will get an extention. &nbsp;Who has had luck with Enhanced Recovery? &nbsp;I'm going to lose the house. &nbsp;I don't have anything else to work with on my credit because my credit card is at a 2% utilation rate, I have NO lates on my car loan. &nbsp;Next step? &nbsp;What should I do? &nbsp;This is time sensitive. &nbsp;KHC loan.<br \><br \>14 replies Tue, 14 Apr 2015 15:21:00 GMT http://www.zillow.com/advice-thread/Help-about-to-lose-my-mortgage/582840/ 2015-04-14T15:21:00Z Mortgage about to fall through after pre-approval http://www.zillow.com/advice-thread/Mortgage-about-to-fall-through-after-pre-approval/582839/ I am in the middle of a mortgage. I was pre-approved, then a nightmare happened. &nbsp;I had disputes showing that UW caught. &nbsp;We got the disputes off, however my credit score took a beating, basically no longer pre-approved. Mortgage officer ran my credit through a "what if simulator." &nbsp;I HAVE the get ERC collection off. &nbsp;I have tried just about everything. &nbsp;I have gotten all the way to the Operations Manager, was told to email customercare@erccollections.com. &nbsp;I recieved a generic response today that they cannot do a pay for delete, they are only required to report it fairly. &nbsp;My contract is about to expire on the house this Friday. &nbsp;Hopefully will get an extention. &nbsp;Who has had luck with Enhanced Recovery? &nbsp;I'm going to lose the house. &nbsp;I don't have anything else to work with on my credit because my credit card is at a 2% utilation rate, I have NO lates on my car loan. &nbsp;Next step? &nbsp;What should I do? &nbsp;This is time sensitive and a KHC loan. &nbsp;<br \><br \>3 replies Tue, 14 Apr 2015 15:19:00 GMT http://www.zillow.com/advice-thread/Mortgage-about-to-fall-through-after-pre-approval/582839/ 2015-04-14T15:19:00Z My credit score is a 611 and I need a 640 to get a loan. Any advice? http://www.zillow.com/advice-thread/My-credit-score-is-a-611-and-I-need-a-640-to-get-a-loan-Any-advice/500064/ <p>I am only 29 points away from getting a home loan.&nbsp; My husbands credit is perfect and I have a few bills(nothing major) in collections.&nbsp;</p><br \><br \>29 replies Tue, 02 Jul 2013 19:17:00 GMT http://www.zillow.com/advice-thread/My-credit-score-is-a-611-and-I-need-a-640-to-get-a-loan-Any-advice/500064/ 2013-07-02T19:17:00Z FHA loan 626 credit score--1 collection 1 charge off!! help http://www.zillow.com/advice-thread/FHA-loan-626-credit-score-1-collection-1-charge-off-help/572272/ Hi, Stats: House : 100K Home appraised 4 years ago w/o updates $114 Awaiting new appraisal: new kitchen appliances, all energy efficient, new roof, siding, calofornia closets, waterless water heater, all glass bathroom 3bd 1.5 bath 1300sq ft. Score: 626 2.5 years new business net income: $48k Additional non taxable income : $4116 Monthly income : $2038 Debt: student loans deferred till 2020 1 collections $5k 1 charge off : $441 I have the opportunity of a life time call in my lap, a friend and her husband sold a business and are relocating and offered to sell me their IKEA newly updated home for 100K. As well as 1/2 of all fees and we aren't using realtors BC my boyfriend is one. They know how hard I've struggled being a young single mother, in college who owns a business. I am working with a lender who is awesome but she recently checked my credit report and there is 1 collection from breaking a lease in 2009 after my underwriter boyfriend for The Bank of America left me for his boss -lol , and a capital one secured $300 limit card recently charged off. ( in my defense I completely forgot about it, I used it a few times and paid it off. I then made a few purchases totaling $291 and stuck it back in my drawer and forgot about it until now. I opted out of paper billing, and my gmail deleted the emails before reaching my inbox ) My lender told me that she can guarantee an underwriter will not sign off on this BC it hasn't been" seasoned" she said the lease breakage of 5K is nothing compared to the recent $441 cap one card. I talked to the company today and they are willing to settle for $287. I have seen PDF cases that have worked while others have not I am just looking for help I can't lose this perfect home Sincerely, Desperately seeking IKEA &amp; California closets.<br \><br \>5 replies Thu, 15 Jan 2015 03:30:00 GMT http://www.zillow.com/advice-thread/FHA-loan-626-credit-score-1-collection-1-charge-off-help/572272/ 2015-01-15T03:30:00Z What are mortgage options for my situation? http://www.zillow.com/advice-thread/What-are-mortgage-options-for-my-situation/571660/ I've been repairing some pretty bad credit. &nbsp;Pertinent details: &nbsp;From a score of 570 in the late summer / fall to 601 now according to the Capital One credit tracker. &nbsp;I'm at 594 on Lending Tree. &nbsp;I've been paying $800 every two weeks on my car and will have that paid off next Friday. &nbsp; I have a student loan of approx 10k, monthly payment 135. &nbsp;I have 3 items in collections on my credit report totaling under $1500 which I will have paid off in about 6 weeks. &nbsp; My income is 85,000. &nbsp;<br/><br/>I also have a secured credit card through Capital One. &nbsp;According to the Cap One simulator (can I trust that?), my score will be bumped 11 points if I increase available credit to $2,000 and still carry a 0 balance (I pay it off every month). &nbsp; I'm hoping that along with paying off the collections will get me to 620, but I'm not sure.<br/><br/>Once the car and collections are paid off, I'll be saving $800 every two weeks to put towards a down payment.<br/><br/>My fiance has a great credit score, makes about 40k, and owns a home. &nbsp;<br/><br/>I'm just wondering what our options are. &nbsp;We can put the loan in her name if I don't qualify, or only qualify for an outrageous interest rate. &nbsp;I'm also curious what kind of down payment (10%?) we would need if we buy a place together.<br/><br/>We would like to be in a home by early summer, but aren't going to hurry into an unfavorable situation if a little patience will improve our outlook.<br/><br/>Any thoughts / ideas are greatly appreciated. &nbsp;Thank you!<br \><br \>6 replies Fri, 09 Jan 2015 00:04:00 GMT http://www.zillow.com/advice-thread/What-are-mortgage-options-for-my-situation/571660/ 2015-01-09T00:04:00Z VA IRRRL http://www.zillow.com/advice-thread/VA-IRRRL/421715/ I refinanced my house last year to a standard VA <a href="http://www.zillow.com/mortgage-rates/">loan</a> and got a rate of 5%, I owe $131,234 on a $158,000 <a href="http://www.zillow.com/mortgage-rates/">mortgage</a>. My wife and I are looking to move next year, while keeping this house as a rental. We are tired of city life and want a small farm but, don't want to lose the value of this house. From everything I have read you can rent a house that is on a VA IRRRL, is this correct? Also, I know the VA doesn't have a credit check/score requirement. Since we are looking to by next summer I want to minimize my credit checks. Are there any <a href="http://www.zillow.com/directory/lenders/">lenders</a> that actually adhere to the no credit check guideline, if so who? Thank you<br \><br \>13 replies Fri, 04 Nov 2011 12:02:00 GMT http://www.zillow.com/advice-thread/VA-IRRRL/421715/ 2011-11-04T12:02:00Z I really want a house. it would be cheaper than rent my credit score is 53) it expedia is636 6 http://www.zillow.com/advice-thread/I-really-want-a-house-it-would-be-cheaper-than-rent-my-credit-score-is-53-it-expedia-is636-6/550356/ I have had several back surgeries I.e. thaNks into bad credit I am on long term disability therefore I don't get my full amount from work.<br \><br \>2 replies Sat, 19 Jul 2014 19:46:00 GMT http://www.zillow.com/advice-thread/I-really-want-a-house-it-would-be-cheaper-than-rent-my-credit-score-is-53-it-expedia-is636-6/550356/ 2014-07-19T19:46:00Z Is it possible for me to get a loan? http://www.zillow.com/advice-thread/Is-it-possible-for-me-to-get-a-loan/506908/ Hi there,<br/><br/>My husband and I have been renting a house for the last 3 years from my dad. &nbsp;We have been making the mortgage payments of $1100/month. &nbsp;The house was recently appraised for $180K, and we could put down about $40K (slightly over 20%).<br/><br/>Thing is - neither one of us have much credit, and the credit we do have is not great. &nbsp;However, any debt we have ever incurred has been from only student loans, and medical bills - no credit card debt.<br/><br/>We would like to try and get a mortgage to buy a house, but we are afraid of the banks laughing at us. &nbsp;We both have steady jobs, and make a decent income...and we can obviously pay the mortgage payments, but we are scared, and arn't sure where to start.<br/><br/>Do you think it's even worth trying?<br \><br \>9 replies Wed, 14 Aug 2013 19:52:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-for-me-to-get-a-loan/506908/ 2013-08-14T19:52:00Z Thanks for answering my question quickly. http://www.zillow.com/advice-thread/Thanks-for-answering-my-question-quickly/509170/ <p>" I want to know if I can buy the same house I foreclosed on? Is there any issues I will face later on "<br/>To Clarify: I owned this house and foreclosed on Sept 2010. Still living in it. I am renting it from the new owner and he wants to sell the house now. My concern is First; if its legal to buy this house.<br/>Second:&nbsp;Will the old lender come after me for any reason.</p><p>Please guide me. Thanks a bunch!<br/><a href="mailto:meperdesi@gmail.com" rel="nofollow">meperdesi@gmail.com</a></p><br \><br \>3 replies Thu, 29 Aug 2013 17:46:00 GMT http://www.zillow.com/advice-thread/Thanks-for-answering-my-question-quickly/509170/ 2013-08-29T17:46:00Z Can I still get a VA Loan? http://www.zillow.com/advice-thread/Can-I-still-get-a-VA-Loan/548678/ I have a credit score of 620 and my Wife's score is in the high 700's. With my salary of $51,000 and my Military retirement and disability income of roughly $40,000. I was wondering if we could still get a good loan in Louisville, KY.<br \><br \>9 replies Mon, 07 Jul 2014 05:18:00 GMT http://www.zillow.com/advice-thread/Can-I-still-get-a-VA-Loan/548678/ 2014-07-07T05:18:00Z Can someone explain an offer letter mortgage? http://www.zillow.com/advice-thread/Can-someone-explain-an-offer-letter-mortgage/555406/ My family is looking to move back to the US and buy a home. Most of the mortgages I have found say they need at least one month of paystubs but I did find mention of something called an offer letter mortgage. Are there any restrictions to whom these are given? Is there anyone in the Louisville area that knows more about them?<br/><br/>We have a few reason why we looking for an immediate home purchase. We will be moving from Germany so if we wait for a month or two we have to pay for movers and other costs twice within a year. We have three pets that will be coming with us and most apartments only accept two. And we also have a daughter that will need to start school and we would rather not have her start one school and then move to another one after a few months. &nbsp;One of us starting early while the rest of our family remains in Germany will not be possible.<br/><br/>So would this option be available to us?<br \><br \>7 replies Tue, 19 Aug 2014 07:04:00 GMT http://www.zillow.com/advice-thread/Can-someone-explain-an-offer-letter-mortgage/555406/ 2014-08-19T07:04:00Z what's the min score now on a va loan http://www.zillow.com/advice-thread/what%27s-the-min-score-now-on-a-va-loan/555100/ 5 replies Sun, 17 Aug 2014 02:09:00 GMT http://www.zillow.com/advice-thread/what%27s-the-min-score-now-on-a-va-loan/555100/ 2014-08-17T02:09:00Z can you get a va loanwith a 589 credit score http://www.zillow.com/advice-thread/can-you-get-a-va-loanwith-a-589-credit-score/555104/ 10 replies Sun, 17 Aug 2014 02:59:00 GMT http://www.zillow.com/advice-thread/can-you-get-a-va-loanwith-a-589-credit-score/555104/ 2014-08-17T02:59:00Z I'm looking for a asset-based mortgage in Louisville, KY. Who is doing these? http://www.zillow.com/advice-thread/I%27m-looking-for-a-asset-based-mortgage-in-Louisville-KY-Who-is-doing-these/555768/ 4 replies Thu, 21 Aug 2014 12:11:00 GMT http://www.zillow.com/advice-thread/I%27m-looking-for-a-asset-based-mortgage-in-Louisville-KY-Who-is-doing-these/555768/ 2014-08-21T12:11:00Z