Zillow Advice RSS: Question-Discussion-Guide,Mortgage,FL http://www.zillow.com/advice/FL/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate What are my chances of being approved for an FHA OR VA loan with a low credit score? http://www.zillow.com/advice-thread/What-are-my-chances-of-being-approved-for-an-FHA-OR-VA-loan-with-a-low-credit-score/573718/ My credit score is currently a 571. Would it be extremely hard to be approved for an FHA OR VA loan? I have done a lot of work on my credit. I have a current car loan, and several credit cards. I plan on paying down the cards in the upcoming weeks, hoping it will boost my score more. I just don't know where to begin. ..<br \><br \>6 replies Wed, 28 Jan 2015 16:02:00 GMT http://www.zillow.com/advice-thread/What-are-my-chances-of-being-approved-for-an-FHA-OR-VA-loan-with-a-low-credit-score/573718/ 2015-01-28T16:02:00Z buying a new home without a credit score http://www.zillow.com/advice-thread/buying-a-new-home-without-a-credit-score/573852/ I recently got my permanent residence status and in the process of moving to the us, can i qualify for a mortgage without a credit rating , i do have my social security number but never did any transactions as yet I have a down payment and I own a construction company where i currently live<br \><br \>2 replies Thu, 29 Jan 2015 14:26:00 GMT http://www.zillow.com/advice-thread/buying-a-new-home-without-a-credit-score/573852/ 2015-01-29T14:26:00Z Spouse required for refinance? http://www.zillow.com/advice-thread/Spouse-required-for-refinance/573833/ I am currently in the process of refinancing my home. We have selected a vendor, agreed on a rate, and started the application process. Everything was going smoothly, but then today the lender emailed me stating they needed a copy of my marriage certificate, and that my wife would be required at the closing and would have to sign the mortgage and some other documents. The other documents were not specified in the email.<br/><br/>My concern is this: My wife was not on the original loan, title/deed, nor was she on the new refi. application. My wife and I both want it this way.<br/><br/>Does my wife have to be on the new loan? Is this an actual requirement, or just a policy with this lender I am working with?<br/><br/>Thanks in advance for any help.<br \><br \>6 replies Thu, 29 Jan 2015 06:34:00 GMT http://www.zillow.com/advice-thread/Spouse-required-for-refinance/573833/ 2015-01-29T06:34:00Z Can you use an FHA loan to buy a house that is a foreclosure? What red tape is involved? Thank you! http://www.zillow.com/advice-thread/Can-you-use-an-FHA-loan-to-buy-a-house-that-is-a-foreclosure-What-red-tape-is-involved-Thank-you/207734/ Unfortunately I don't have 20% to put towards a down payment so I've been told by <a href="http://www.zillow.com/directory/lenders/">mortgage brokers</a> that I would have to look at getting an FHA loan. This <a href="http://www.zillow.com/mortgage/">loan</a> is touted as being wonderful for people with my predicament but it seems like there is a lot of red tape involved. I've been told that it is nearly impossible to get a condo out east (Wilton Manors/Victoria Park) if you don't have a conventional loan and that buying a condo with an <a href="http://www.zillow.com/fha-loan/">FHA loan</a> requires magic, a unicorn, and/ or a miracle from God. I've started looking at small,single family homes but before I pursue this route, I wanted to know if this type of property is difficult to get approved by FHA inspectors and whether or not I can use an FHA loan to purchase this type of property. Thank you in advance for you time.<br \><br \>5 replies Sat, 07 Mar 2009 15:01:00 GMT http://www.zillow.com/advice-thread/Can-you-use-an-FHA-loan-to-buy-a-house-that-is-a-foreclosure-What-red-tape-is-involved-Thank-you/207734/ 2009-03-07T15:01:00Z 620 Combined credit score http://www.zillow.com/advice-thread/620-Combined-credit-score/573473/ My husband and I have worked very hard to repair our credit up to 620. &nbsp;We've have started the applying process in the past...and we were told quickly "We can't help you, unless your ATLEAST 640." &nbsp;But, I see the number 620 everywhere I look. &nbsp;Why arent any of the local lenders willing to help us at 620? &nbsp;Husband on the job 8 years....me 2 years. Married 9 years. &nbsp;Combined income of 84,000. &nbsp;Perfect 5 year rental history. &nbsp;I'm confused. &nbsp;The one thing that MIGHT be holding us back is a large down payment. &nbsp;Any suggestion or answer as to why we can't get approved.....Thanks! :)<br \><br \>11 replies Mon, 26 Jan 2015 14:23:00 GMT http://www.zillow.com/advice-thread/620-Combined-credit-score/573473/ 2015-01-26T14:23:00Z Refinance my Dad's Property?\ http://www.zillow.com/advice-thread/Refinance-my-Dad%27s-Property/573470/ Would I be able to refinance my dad's property completely into my name and at the same time take out equity?<br/><br/>I have the credit and income to support the mortgage. Also if this is possible what type of costs would be associated with the process?<br \><br \>6 replies Mon, 26 Jan 2015 13:40:00 GMT http://www.zillow.com/advice-thread/Refinance-my-Dad%27s-Property/573470/ 2015-01-26T13:40:00Z mortgage lenders who is willing to lend on a manufactured home? Where are they? http://www.zillow.com/advice-thread/mortgage-lenders-who-is-willing-to-lend-on-a-manufactured-home-Where-are-they/431783/ I have talked to almost 40 different banks, credit unions and other lenders and I cannot find one who service a manufactured home loan.&nbsp; I qualify for a FHA loan, first time buyers loan but can't find a lender. Surely there is a lender out there somewhere.<br \><br \>113 replies Mon, 13 Feb 2012 18:19:00 GMT http://www.zillow.com/advice-thread/mortgage-lenders-who-is-willing-to-lend-on-a-manufactured-home-Where-are-they/431783/ 2012-02-13T18:19:00Z Mortgage for new house purchase http://www.zillow.com/advice-thread/Mortgage-for-new-house-purchase/573340/ I'm planning to buy a new house and a primary residence and rent out my current house. The new house's mortgage will be my 5th mortgage? Would it be possible to get the loan? Thanks.<br \><br \>6 replies Sun, 25 Jan 2015 01:50:00 GMT http://www.zillow.com/advice-thread/Mortgage-for-new-house-purchase/573340/ 2015-01-25T01:50:00Z my wife and I want to by a fix a upper home for under 2k but we have bad credit can you help? http://www.zillow.com/advice-thread/my-wife-and-I-want-to-by-a-fix-a-upper-home-for-under-2k-but-we-have-bad-credit-can-you-help/573350/ We want to by a house that we can fix and flip we only have 2k cash to put down and we have bad credit can you guys help?<br \><br \>2 replies Sun, 25 Jan 2015 05:04:00 GMT http://www.zillow.com/advice-thread/my-wife-and-I-want-to-by-a-fix-a-upper-home-for-under-2k-but-we-have-bad-credit-can-you-help/573350/ 2015-01-25T05:04:00Z How do I get an equity loan on my condo to buy an investment property in Orlando, FL? http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ <p>My condo is all paid for and&nbsp;worth about 60K. I want to get an equity loan to help pay for an investment property either to fix and sell or to rent out. Any advise on companies in the area that can do this?</p><br \><br \>3 replies Fri, 23 Jan 2015 05:59:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ 2015-01-23T05:59:00Z Who does refinancing of existing mortgages to foreigners with no US income? http://www.zillow.com/advice-thread/Who-does-refinancing-of-existing-mortgages-to-foreigners-with-no-US-income/573163/ We are looking into refinancing our mortgage but can't get a bank to do it as we are foreign citizens without US income...<br \><br \>4 replies Fri, 23 Jan 2015 15:24:00 GMT http://www.zillow.com/advice-thread/Who-does-refinancing-of-existing-mortgages-to-foreigners-with-no-US-income/573163/ 2015-01-23T15:24:00Z Wells Fargo demoralizes Veteran! http://www.zillow.com/advice-thread/Wells-Fargo-demoralizes-Veteran/573223/ <p><strong><em>[Removed by Zillow Moderator for abusive&nbsp;content. Please see our Good Neighbor Policy for posting guidelines].</em></strong></p><br \><br \>0 replies Fri, 23 Jan 2015 22:55:00 GMT http://www.zillow.com/advice-thread/Wells-Fargo-demoralizes-Veteran/573223/ 2015-01-23T22:55:00Z Can I get a FHA Loan with a credit score of 640 for one hundred and fifteen thousand-150k range http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ Can I get a FHA Loan with a credit score of 640 for an amount of $115-$150k range. 640 is the credit of my husband. &nbsp;He have been is his job for 2 years, we&nbsp;don't&nbsp;have credit cards payments (he pay in full 6 months ago), we&nbsp;don't&nbsp;have car payment. I start my job 6 months ago ( Never have a credit card). We only pay the usual (Rent, water, electricity, phone, car insurance). We&nbsp;haven't&nbsp;pay nothing late (starting 2 years ago). We are first time&nbsp;home-buyer's, that why we have so many questions.<br \><br \>11 replies Mon, 11 Mar 2013 23:48:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ 2013-03-11T23:48:00Z What options are there for a first time home buyer with less than stellar credit between 575 and 600 http://www.zillow.com/advice-thread/What-options-are-there-for-a-first-time-home-buyer-with-less-than-stellar-credit-between-575-and-600/572098/ Good work history and solid verifiable income. Bad credit was from past issues. No late payments in over a year<br \><br \>4 replies Tue, 13 Jan 2015 16:53:00 GMT http://www.zillow.com/advice-thread/What-options-are-there-for-a-first-time-home-buyer-with-less-than-stellar-credit-between-575-and-600/572098/ 2015-01-13T16:53:00Z What options are available for 750+ credit, high DTI, decent cash on reserves in FL? VA eligible. http://www.zillow.com/advice-thread/What-options-are-available-for-750-credit-high-DTI-decent-cash-on-reserves-in-FL-VA-eligible/572751/ My husband is a Veteran and was recently laid off after being with the same company for 13 yrs.&nbsp; We'd like to relocate from TX to FL, as I work for a company that will allow me to transfer.&nbsp; This means we're trying to do this on only my income, so our DTI looks bad.&nbsp; Basics are:<br/><br/>Purchase price of home: $506K<br/>Cash in checking/savings: $77K<br/>401(k) accounts: $40K and $190K<br/>Current payments (cars, rv, etc): $2995 ($1482 of this is our current mortgage, home will be rented when we move)<br/>Current min payments on revolving credit: $70/mo (we typically pay cards off each month)<br/>Credit scores: 750+<br/>Salary: $5833/mo<br/>Other income: $325/mo<br/>Note: We will be depositing $65K in savings by 1/30/15<br/><br/>The home we're looking to buy is in a county not eligible for a Jumbo loan from what I'm told.&nbsp; Are there any lenders that can either help us with our goal or anyone who can recommend a great lender that can assist?&nbsp; We're open to a lower down payment and using cash to pay down debt or a higher down payment, or any other ideas.&nbsp; Open to conventional, VA, FA, etc.<br \><br \>16 replies Mon, 19 Jan 2015 23:05:00 GMT http://www.zillow.com/advice-thread/What-options-are-available-for-750-credit-high-DTI-decent-cash-on-reserves-in-FL-VA-eligible/572751/ 2015-01-19T23:05:00Z My house is upside down and I need to remove my x-wife name off the House ASAP! http://www.zillow.com/advice-thread/My-house-is-upside-down-and-I-need-to-remove-my-x-wife-name-off-the-House-ASAP/380284/ I owe $178,189 and my house worth $125,000. How can I refinance the house and remove my X-wife name off the mortgage?&nbsp; I have only until end of this April to&nbsp;complete this task. She is trying to purchase a home herself.&nbsp;By the order of the court from the divorce agreement I my lose the house, if I can't fix the problem.&nbsp; Can anyone help me? and provide me with the steps needed&nbsp;to make it happen, and the mortgage company that would help!&nbsp; I truly need answers.<br \><br \>17 replies Tue, 11 Jan 2011 01:01:00 GMT http://www.zillow.com/advice-thread/My-house-is-upside-down-and-I-need-to-remove-my-x-wife-name-off-the-House-ASAP/380284/ 2011-01-11T01:01:00Z 401K loan used for reserves? http://www.zillow.com/advice-thread/401K-loan-used-for-reserves/571638/ Hi all,<br/><br/>Interestingly enough i have a file that is ready to close, but i have some doubt that the will be able to use her husbands 401k loan to account for reserves. She is alone on the loan, but they share several accounts together and those accounts have been taken into consideration for the loan. My question is if the husband deposits the money into a shared account will this be able to count as reserves? I called Wells Fargo to ask if their guidelines allow this since it is a Jumbo and they will have the loan after closing, but no one seems to be able to answer my question. assistance?<br \><br \>9 replies Thu, 08 Jan 2015 20:59:00 GMT http://www.zillow.com/advice-thread/401K-loan-used-for-reserves/571638/ 2015-01-08T20:59:00Z Looking for a lender for 5th mortgage http://www.zillow.com/advice-thread/Looking-for-a-lender-for-5th-mortgage/572595/ I'm buying my next investment property. All my current rental properties are rented. I don't meet Fannie mae's guideline for 5-10 mortgages. I'm just a little bit off the requirements in the guideline. Please contact me if you can help. I'm in Florida.<br \><br \>5 replies Sun, 18 Jan 2015 14:12:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-lender-for-5th-mortgage/572595/ 2015-01-18T14:12:00Z mortgage loan options for a pre 1976 mobile home http://www.zillow.com/advice-thread/mortgage-loan-options-for-a-pre-1976-mobile-home/572440/ 55 and over retirement village<br \><br \>2 replies Fri, 16 Jan 2015 19:59:00 GMT http://www.zillow.com/advice-thread/mortgage-loan-options-for-a-pre-1976-mobile-home/572440/ 2015-01-16T19:59:00Z I found a 2008 double wide on 10 acres. It has no appliances. Anyone know who will finance it? http://www.zillow.com/advice-thread/I-found-a-2008-double-wide-on-10-acres-It-has-no-appliances-Anyone-know-who-will-finance-it/572159/ <p>The home has electric, well and septic, all working.&nbsp; Tubs, toilets, lights all work, it doe not have kitchen appliances (stove, fridge and dishwasher).&nbsp; Will anyone finance it?&nbsp; I have already heard no from three lenders.</p><br/><br/><p>Frustrated in Jax FL</p><br \><br \>3 replies Wed, 14 Jan 2015 02:43:00 GMT http://www.zillow.com/advice-thread/I-found-a-2008-double-wide-on-10-acres-It-has-no-appliances-Anyone-know-who-will-finance-it/572159/ 2015-01-14T02:43:00Z