Zillow Advice RSS: Question-Discussion-Guide,Mortgage,MO http://www.zillow.com/advice/MO/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Advice http://www.zillow.com/advice-thread/Advice/585723/ i live and work on a large ranch w housing providing. My entire adult life I have lived this way. I need to consider purchasing a home or property. My credit fair due to little credit history. I don't want a place near me now but back in KC mo near family. I know nothing about process etc. HELp<br \><br \>4 replies Wed, 06 May 2015 03:44:00 GMT http://www.zillow.com/advice-thread/Advice/585723/ 2015-05-06T03:44:00Z what mortgage lenders will do a loan without a 2014 tax transcripts http://www.zillow.com/advice-thread/what-mortgage-lenders-will-do-a-loan-without-a-2014-tax-transcripts/580207/ 2012 tax year was low.<br \><br \>9 replies Wed, 25 Mar 2015 01:19:00 GMT http://www.zillow.com/advice-thread/what-mortgage-lenders-will-do-a-loan-without-a-2014-tax-transcripts/580207/ 2015-03-25T01:19:00Z I was interested in a Home Equity loan? http://www.zillow.com/advice-thread/I-was-interested-in-a-Home-Equity-loan/583616/ How much equity do I have in my home and how do I qualify.<br \><br \>3 replies Mon, 20 Apr 2015 16:02:00 GMT http://www.zillow.com/advice-thread/I-was-interested-in-a-Home-Equity-loan/583616/ 2015-04-20T16:02:00Z Should I take Loan 1) lower interest rate and PMI or Loan 2) higher interest rate+no PMI http://www.zillow.com/advice-thread/Should-I-take-Loan-1-lower-interest-rate-and-PMI-or-Loan-2-higher-interest-rate-no-PMI/582855/ I have &nbsp;2 options<br/><br/>Loan 1) &nbsp;Amount=244,450. &nbsp;Interest Rate=4.25 Closing Costs=3000 &nbsp;No PMI<br/><br/>or&nbsp;<br/><br/>Loan 2) Amount=244,450 Interest Rate = 3.625 Closing Costs=6000 PMI (~125/month?)<br/><br/>Which loan should I take?<br/>&nbsp;<br \><br \>8 replies Tue, 14 Apr 2015 17:49:00 GMT http://www.zillow.com/advice-thread/Should-I-take-Loan-1-lower-interest-rate-and-PMI-or-Loan-2-higher-interest-rate-no-PMI/582855/ 2015-04-14T17:49:00Z Construction loan then Refinance in Missouri with mid-590 and mid-600 scores http://www.zillow.com/advice-thread/Construction-loan-then-Refinance-in-Missouri-with-mid-590-and-mid-600-scores/582229/ Having trouble finding a loan in Missouri. I have a bankruptcy that has been discharged for almost 1 1/2 years (had to file Ch. 7 due to medial reasons). My husband's middle score is 600 and mine is 590. We are looking to get a construction loan on a foreclosure home in rural Missouri then refinance it with a mortgage.&nbsp;<br \><br \>1 reply Thu, 09 Apr 2015 18:16:00 GMT http://www.zillow.com/advice-thread/Construction-loan-then-Refinance-in-Missouri-with-mid-590-and-mid-600-scores/582229/ 2015-04-09T18:16:00Z Can I dispute an appraisal based on incorrect comments made by the appraiser? http://www.zillow.com/advice-thread/Can-I-dispute-an-appraisal-based-on-incorrect-comments-made-by-the-appraiser/581309/ I just recently had 3 properties appraised for refinancing. On all three appraisals the appraiser stated "No updates in the last 15 years" which was a lie. We have made numerous updates on all three properties including but not limited to central heat/air, roofs, updated bathrooms, kitchens, floors, new plumbing &amp; wiring, etc. Needless to say the lender is not willing to refi on any of them because the homes are in "disrepair" even though they are all perfectly "livable".<br \><br \>3 replies Thu, 02 Apr 2015 13:39:00 GMT http://www.zillow.com/advice-thread/Can-I-dispute-an-appraisal-based-on-incorrect-comments-made-by-the-appraiser/581309/ 2015-04-02T13:39:00Z Getting a FHA streamline refinance on a manufactured home? http://www.zillow.com/advice-thread/Getting-a-FHA-streamline-refinance-on-a-manufactured-home/567619/ I live in Missouri and I am looking to get a streamline refinance on my home. &nbsp;My credit score is about 680 and my interest rate is at 5.35%. &nbsp;Is it possible for me to get a refinance and does anybody have any suggestions?<br \><br \>8 replies Sun, 23 Nov 2014 16:10:00 GMT http://www.zillow.com/advice-thread/Getting-a-FHA-streamline-refinance-on-a-manufactured-home/567619/ 2014-11-23T16:10:00Z what sizemust a closet beforusda loan http://www.zillow.com/advice-thread/what-sizemust-a-closet-beforusda-loan/578106/ 1 reply Sun, 08 Mar 2015 03:44:00 GMT http://www.zillow.com/advice-thread/what-sizemust-a-closet-beforusda-loan/578106/ 2015-03-08T03:44:00Z Looking for FHA new construction lender in Missouri http://www.zillow.com/advice-thread/Looking-for-FHA-new-construction-lender-in-Missouri/577135/ I am having a hard time locating a lender in Missouri that offers the FHA one time close new construction loan. I am about 2 hours south of St. Louis. If someone could point me in the right direction I would really appreciate it.<br/><br/>Thanks<br \><br \>2 replies Fri, 27 Feb 2015 03:08:00 GMT http://www.zillow.com/advice-thread/Looking-for-FHA-new-construction-lender-in-Missouri/577135/ 2015-02-27T03:08:00Z 90 LTV Jumbo Loan in MO - 800 score http://www.zillow.com/advice-thread/90-LTV-Jumbo-Loan-in-MO-800-score/577311/ <div>Looking for 90% LTV Jumbo loan in St. Louis, MO. &nbsp;$432,000 loan on a $480,000 purchase. Got pre-approved by several lenders ("you would be approved on income alone"); long employment history (not self-employed), good income, only debt is minimal remaining balance on a 2010 car loan. Both spouse and I credit scores in 800s.<br/><div>Chose a lender and submitted app with all back-up docs. &nbsp;Underwriting kicked it out due to a derogatory entry on credit - 2009 bank charge-off for a business loan. &nbsp;I was a minority, passive investor and guaranteed a loan. &nbsp;Business failed and parties entered into a settlement. &nbsp;No foreclosures, no bankruptcies, no judgments.<br/><div>Lender claims they are completely baffled why this stopped the loan. &nbsp;They are offering a portfolio loan that is a 5 year ARM.<br/><div>While this will be off my credit in 2016 and I could presumably re-fi then, we would prefer a 30 year fixed (80% fixed with a second 10% ARM if necessary).<div>&nbsp;<div>Do I try another lender, or will the underwriting results be the same? &nbsp;Any help/advice/recommendations are appreciated!<div>&nbsp;</div></div></div></div></div></div></div><br \><br \>2 replies Sat, 28 Feb 2015 19:48:00 GMT http://www.zillow.com/advice-thread/90-LTV-Jumbo-Loan-in-MO-800-score/577311/ 2015-02-28T19:48:00Z Are physician loans still available? http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ My wife and I are looking for a 750000-1M dollar house, with around 10-15% down. We both work, and I'm a physician, about 8 months in practice. I've found most jumbo loans are still asking for 20% down; are there "physician" loans still available?<br \><br \>12 replies Thu, 07 Mar 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ 2013-03-07T02:20:00Z Are physician loans still available? http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ My wife and I are looking for a 750000-1M dollar house, with around 10-15% down. We both work, and I'm a physician, about 8 months in practice. I've found most jumbo loans are still asking for 20% down; are there "physician" loans still available?<br \><br \>12 replies Thu, 07 Mar 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ 2013-03-07T02:20:00Z Are there any St Louis/St Charles mortgage brokers who speak Vietnamese? http://www.zillow.com/advice-thread/Are-there-any-St-Louis-St-Charles-mortgage-brokers-who-speak-Vietnamese/573884/ 1 reply Thu, 29 Jan 2015 18:09:00 GMT http://www.zillow.com/advice-thread/Are-there-any-St-Louis-St-Charles-mortgage-brokers-who-speak-Vietnamese/573884/ 2015-01-29T18:09:00Z Are there any St Louis/St Charles mortgage brokers who speak Vietnamese? http://www.zillow.com/advice-thread/Are-there-any-St-Louis-St-Charles-mortgage-brokers-who-speak-Vietnamese/573884/ 1 reply Thu, 29 Jan 2015 18:09:00 GMT http://www.zillow.com/advice-thread/Are-there-any-St-Louis-St-Charles-mortgage-brokers-who-speak-Vietnamese/573884/ 2015-01-29T18:09:00Z Will we be approved for FHA or USDA http://www.zillow.com/advice-thread/Will-we-be-approved-for-FHA-or-USDA/574359/ My Fiance and I are looking to purchase our first home. He has a credit score of 740, mine is 660. We have 15k to put as a down payment on a 158,000 house leaving us with 15k left over in savings.<br/>He makes 2,008 monthly, I make 1710 monthly after taxes<br/>Our car payments are 550 a month, and my credit card payment is $108&nbsp;(soon to be $60)<br/><br/>I have a little less than 3000 in credit card debt out of a 4600 dollar limit. Which will be paid down to 2000 in a few weeks&nbsp;<br/>.&nbsp;<br/>He has no credit card debt.<br \><br \>4 replies Tue, 03 Feb 2015 05:23:00 GMT http://www.zillow.com/advice-thread/Will-we-be-approved-for-FHA-or-USDA/574359/ 2015-02-03T05:23:00Z Will we be approved for FHA or USDA http://www.zillow.com/advice-thread/Will-we-be-approved-for-FHA-or-USDA/574359/ My Fiance and I are looking to purchase our first home. He has a credit score of 740, mine is 660. We have 15k to put as a down payment on a 158,000 house leaving us with 15k left over in savings.<br/>He makes 2,008 monthly, I make 1710 monthly after taxes<br/>Our car payments are 550 a month, and my credit card payment is $108&nbsp;(soon to be $60)<br/><br/>I have a little less than 3000 in credit card debt out of a 4600 dollar limit. Which will be paid down to 2000 in a few weeks&nbsp;<br/>.&nbsp;<br/>He has no credit card debt.<br \><br \>4 replies Tue, 03 Feb 2015 05:23:00 GMT http://www.zillow.com/advice-thread/Will-we-be-approved-for-FHA-or-USDA/574359/ 2015-02-03T05:23:00Z Renovation mortgage http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ <p>My wife and I are looking ot buy a new home. We are looking for something that does not need a lot of work, however,&nbsp;lot of the houses in our target area require some amount of renovation work. We have enough money to put 20% down but would not have enough to do the additional renovation work.&nbsp;Are there any loan programs that allow you to build in additional renovation costs to your new home.&nbsp;I don't want to do the FHA 203(k) because I intend to do much of the work myself.&nbsp;</p><br \><br \>8 replies Wed, 10 Apr 2013 22:22:00 GMT http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ 2013-04-10T22:22:00Z Renovation mortgage http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ <p>My wife and I are looking ot buy a new home. We are looking for something that does not need a lot of work, however,&nbsp;lot of the houses in our target area require some amount of renovation work. We have enough money to put 20% down but would not have enough to do the additional renovation work.&nbsp;Are there any loan programs that allow you to build in additional renovation costs to your new home.&nbsp;I don't want to do the FHA 203(k) because I intend to do much of the work myself.&nbsp;</p><br \><br \>8 replies Wed, 10 Apr 2013 22:22:00 GMT http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ 2013-04-10T22:22:00Z Down Payment and Mortgage Question http://www.zillow.com/advice-thread/Down-Payment-and-Mortgage-Question/572578/ I am a first-time home buyer and I am currently working with a couple of lenders for a pre-approval. My situation is that I have parents who want to gift me funds for my home purchase, but that money is not going to be available until several months later and I am looking to purchase before that time-frame simply because my lease will end and also because there are more choices of homes during spring (from what I've been told).<br/><br/>If I get a loan now and use the funds that I receive later to pay off a chunk of the loan:<br/>1) Will it reduce the monthly mortgage expense?<br/>2) Will it be more expensive than waiting for the funds and getting a smaller loan (imagine that the gift is arbitrary amount, say half of the home price)?<br/>3) Should I let the lenders know? Will it be used against me if they know that I will not be in debt for very long, by quoting a higher interest rate for the loan?<br \><br \>6 replies Sun, 18 Jan 2015 05:02:00 GMT http://www.zillow.com/advice-thread/Down-Payment-and-Mortgage-Question/572578/ 2015-01-18T05:02:00Z Chance that my FHA loan will get approve. My credit score is at 730 and income to debt is 54%? http://www.zillow.com/advice-thread/Chance-that-my-FHA-loan-will-get-approve-My-credit-score-is-at-730-and-income-to-debt-is-54/520317/ 7 replies Thu, 28 Nov 2013 05:14:00 GMT http://www.zillow.com/advice-thread/Chance-that-my-FHA-loan-will-get-approve-My-credit-score-is-at-730-and-income-to-debt-is-54/520317/ 2013-11-28T05:14:00Z