Zillow Advice RSS: Question-Discussion-Guide,Mortgage,KY http://www.zillow.com/advice/KY/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate mortgage http://www.zillow.com/advice-thread/mortgage/544052/ i live in a house that my ex has the mortgage on, albeit i have always paid the mortgage.&nbsp; I have now got married and want the house in my husband and mine name.&nbsp; The x is happy to gift it to me, but i have a bad credit score.&nbsp; Could my husband go on the mortgage with my ex then take the ex off after a few months ?<br \><br \>2 replies Wed, 04 Jun 2014 14:46:00 GMT http://www.zillow.com/advice-thread/mortgage/544052/ 2014-06-04T14:46:00Z VA 100% Cashout Refi from Conventional - 15 Yr. http://www.zillow.com/advice-thread/VA-100-Cashout-Refi-from-Conventional-15-Yr/432062/ Is anyone doing the VA 100% cash out refi? We got a funny loan in 2006. The 1st loan at 80% and a 2nd at 20%. Freddie Mac owns it. Both are with the same bank. Rates are 6.5 and 8.5 respectively. We are looking for a VA 100% cash out refi for the full amount of the two loans combined. Our credit scores are both around 775. We owe 150K on the house and are underwater on it by about 10K.<br \><br \>9 replies Thu, 16 Feb 2012 12:18:00 GMT http://www.zillow.com/advice-thread/VA-100-Cashout-Refi-from-Conventional-15-Yr/432062/ 2012-02-16T12:18:00Z Can I get an FHA or USDA loan while in a Chapter 13? http://www.zillow.com/advice-thread/Can-I-get-an-FHA-or-USDA-loan-while-in-a-Chapter-13/560982/ In January 2015 I will have been making all of my payments on time for 1 year since I entered my Chapter 13. &nbsp;Also, since I have entered the bankruptcy, I have received a raise at work and am making close to 40,000 a year now. &nbsp;I have a couple questions:<br/><br/>Are there lenders who will work with someone like me for a first time home loan? &nbsp;<br/><br/>Do they consider the "household income" as my husband also makes over 30k a year, but we are only wanting to put the house in my name? &nbsp;Would it only be considering my income in that case? &nbsp;<br/><br/>We are so tired of renting. &nbsp;We've been steadily paying $800-900 a month for rentals when we could get a house of our own with even more space for less than this. &nbsp;Please help! &nbsp;<br \><br \>9 replies Sun, 28 Sep 2014 20:19:00 GMT http://www.zillow.com/advice-thread/Can-I-get-an-FHA-or-USDA-loan-while-in-a-Chapter-13/560982/ 2014-09-28T20:19:00Z 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 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 \>12 replies Fri, 04 Nov 2011 12:02:00 GMT http://www.zillow.com/advice-thread/VA-IRRRL/421715/ 2011-11-04T12:02:00Z 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 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 \>27 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 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 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/ 8 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 how do i list a home on zillow http://www.zillow.com/advice-thread/how-do-i-list-a-home-on-zillow/557054/ 1 reply Fri, 29 Aug 2014 02:38:00 GMT http://www.zillow.com/advice-thread/how-do-i-list-a-home-on-zillow/557054/ 2014-08-29T02:38:00Z I signed for an interest only loan for 18 months with my bank to pay a builder. http://www.zillow.com/advice-thread/I-signed-for-an-interest-only-loan-for-18-months-with-my-bank-to-pay-a-builder/555772/ The bank manager said orally to the three borrowers that after 18 months we could renew this amount on either a 5 year interest only or a repayment basis with his bank.<br/>At the end of this period,he just demanded the whole sum bank with threats over our business and homes.Setting up the loans in the first place had cost &pound;40,000.<br \><br \>3 replies Thu, 21 Aug 2014 12:54:00 GMT http://www.zillow.com/advice-thread/I-signed-for-an-interest-only-loan-for-18-months-with-my-bank-to-pay-a-builder/555772/ 2014-08-21T12:54:00Z credit score 720 http://www.zillow.com/advice-thread/credit-score-720/521860/ I have a credit score of 720 but am self-employed with documented business income for the last two years of only $1401. &nbsp;What mortgage loans am I eligible for?<br \><br \>7 replies Tue, 17 Dec 2013 18:45:00 GMT http://www.zillow.com/advice-thread/credit-score-720/521860/ 2013-12-17T18:45:00Z Questions about FHA loans... http://www.zillow.com/advice-thread/Questions-about-FHA-loans/552626/ <p>In the past eight years, I have been laid-off twice and due to these lay-offs, had some late/missed payments on credit cards and a loan.&nbsp; I set up a payment plan with my credit card companies where I paid a set amount each month.&nbsp; However, the accounts still showed as past due on my credit report since I could not afford to pay the entire 'past due' amount.&nbsp; I always paid rent and car payment on time...never late on those.&nbsp; Anyhoo, I have had the same job for three years now and just received a promotion and significant raise at work so now I am earning close to $50,000.&nbsp; I paid off my car last year and paid off my&nbsp;final credit card last month.&nbsp; The only debt that I currently have is my school loan on which I pay about $200 per month.&nbsp; So my debt to income ratio is pretty low now.&nbsp; I checked my FICO score and it was 630.&nbsp; I know that FHA loans can go down to 580 FICO score but I feel that it is probably harder to get one with a&nbsp;lower score.&nbsp; How likely is it that I will be able to secure an FHA loan with a score of 630 and a low debt to income ratio?&nbsp; And what amounts do borrowers tend to qualify for with lower FICO scores?&nbsp; I can definitely afford to pay a mortgage as the only money I have going out is rent (which will be ended should I buy a home), my school loan ($200/month), electric, gas, water, food.&nbsp; With my new promotion and raise, I am saving over $1200/month now.</p><br \><br \>6 replies Fri, 01 Aug 2014 18:19:00 GMT http://www.zillow.com/advice-thread/Questions-about-FHA-loans/552626/ 2014-08-01T18:19:00Z Can cancelled loan application hurt your credit? http://www.zillow.com/advice-thread/Can-cancelled-loan-application-hurt-your-credit/548708/ After I signed all the papers for a refinancing loan, the bank and I found out my ex husband had not signed a Quit Claim Deed.The issue is in court.And since we don't know how long it will take , the bank closed the loan process.<br/>What will this do to my credit? and to when I try to refinance again?<br \><br \>5 replies Mon, 07 Jul 2014 14:46:00 GMT http://www.zillow.com/advice-thread/Can-cancelled-loan-application-hurt-your-credit/548708/ 2014-07-07T14:46:00Z Can illegal immigrant with his own SSN and good credit get home loan? http://www.zillow.com/advice-thread/Can-illegal-immigrant-with-his-own-SSN-and-good-credit-get-home-loan/523193/ I lost my visa last year. I have a high credit score and my SSN. I'd like to buy a cheap house in KY. I have one child and live with his daddy, we are not married. We pay rent $600 every mon and all bills on time.<br \><br \>12 replies Fri, 03 Jan 2014 18:21:00 GMT http://www.zillow.com/advice-thread/Can-illegal-immigrant-with-his-own-SSN-and-good-credit-get-home-loan/523193/ 2014-01-03T18:21:00Z