Zillow Advice RSS: Question-Discussion-Guide,Mortgage,NE http://www.zillow.com/advice/NE/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How can I get a mortgage with little or no credit history? http://www.zillow.com/advice-thread/How-can-I-get-a-mortgage-with-little-or-no-credit-history/543487/ I'm 40+ years old and have very little credit history. I have made all big ticket purchases (new cars, tools...) with cash.&nbsp; I would like to purchase a small inexpensive(70000-$80,000) home. I have $100,000+ in savings and could easily make a down payment, but how and where could I get a mortgage loan?<br \><br \>3 replies Sat, 31 May 2014 21:12:00 GMT http://www.zillow.com/advice-thread/How-can-I-get-a-mortgage-with-little-or-no-credit-history/543487/ 2014-05-31T21:12:00Z Any lenders offering VA 100% cash out refinancing? http://www.zillow.com/advice-thread/Any-lenders-offering-VA-100-cash-out-refinancing/509308/ I am a disabled vet, currently have a VA loan. Property appraised value at 152,000, with remaining balance at 27,000.<br/><br/>I have debts, and no other way of paying them, other than perhaps using the equity in my home.<br/><br/>(Already have 3 loans open in order to pay debts, plus maxed out credit card.)<br/><br/>Never had a late mortgage payment in 8 years. Credit score maybe 600-640.<br/><br/>A cash out refi seems like my only solution, as I don't wanna do a bankruptcy.<br/><br/>So any Lenders offering the 100% cash out refinance? My debts are costing me nearly $900 per month, I could wipe them out with the 25K of my equity, and still be in good shape even if my monthly mortgage went up a bit per month.<br/><br/><br/><br/><br \><br \>10 replies Fri, 30 Aug 2013 18:17:00 GMT http://www.zillow.com/advice-thread/Any-lenders-offering-VA-100-cash-out-refinancing/509308/ 2013-08-30T18:17:00Z IBR Repayment and Mortgage http://www.zillow.com/advice-thread/IBR-Repayment-and-Mortgage/539635/ I am having trouble getting qualified for a mortgage. I have good credit 725+ and have never had any problems paying my rent. Here's the catch: I've got a lot of student loan debt (gov't loans). My loans are currently in repayment and have never been delinquent. I'm enrolled in the "Income Based Repayment" program and consequently my monthly payment is zero dollars a month ($0.00). I can go into more detail about the IBR program later. The impasse occurs with the underwriters who insist on calculating the payment that would be required if my loans were not enrolled in this IBR program. In which case I would not qualify for a mortgage. I've heard that a portfolio loan could be an option. I'm not familiar with this type of loan (advantages vs. drawbacks), so any information, suggestions would be helpful.<br \><br \>1 reply Wed, 07 May 2014 09:14:00 GMT http://www.zillow.com/advice-thread/IBR-Repayment-and-Mortgage/539635/ 2014-05-07T09:14:00Z Low credit. http://www.zillow.com/advice-thread/Low-credit/537505/ I have owned a home for five years.&nbsp; I have never missed a payment or been late.&nbsp; I had medical bills I could not keep up with and since the current loan my credit has gone down.&nbsp; The scores are: 539, 623 &amp; 614.&nbsp; My current percentage is 5.24%.&nbsp; Would I be able to find a loan for a new home or a better loan for refiniancing?<br/>Thank you<br \><br \>4 replies Tue, 22 Apr 2014 17:43:00 GMT http://www.zillow.com/advice-thread/Low-credit/537505/ 2014-04-22T17:43:00Z reporting to credit agencies http://www.zillow.com/advice-thread/reporting-to-credit-agencies/531436/ Interesting situation here, looking for some help. I have had three car loans with a small bank that i have paid off before mid-term, the issue is the bank has never reported to the agencies in the history of their business. I have talked the president of the bank to report those loans to the agency to bolster my score so I can purchuse a home as they have stopped doing morgages with all the new regulations. Being that they have never done business with the agencies and they are only doing this one time to help me they have put it on me to find out the info on who they contact to accomplish this. I have tried calling the numbers on my credit report and end up in a maze of autoanswer systems and when I do finally get a person (only with one company) they were of no help just repeating to contact my loan holder. Issues with communications, his english wasnt very strong and the thickness of his accent made it difficult for me to desipher what he was trying to say. Any suggestions? Thank you in advance.<br \><br \>6 replies Sat, 08 Mar 2014 12:05:00 GMT http://www.zillow.com/advice-thread/reporting-to-credit-agencies/531436/ 2014-03-08T12:05:00Z VA Loan with 586+ credit score? http://www.zillow.com/advice-thread/VA-Loan-with-586-credit-score/519705/ My husband and I are looking to purchase a home in Nebraska&nbsp;as soon as possible with a VA loan.&nbsp; According to Credit Karma, his score is 586, mine is at 604.&nbsp; Is there anyway we can get approval with VA loan?&nbsp; I've talked with Veteran's United and they inform me that the VA loan requires a 620 for approval.&nbsp; Our monthly income is approx. $6,500.&nbsp; Our monthly debts (credit cards and car payments) is approx. $950.&nbsp; Also, he just started his job about 3 months ago (since he left active duty air force), does he need 6 months of this job before getting approval?<br \><br \>7 replies Thu, 21 Nov 2013 18:03:00 GMT http://www.zillow.com/advice-thread/VA-Loan-with-586-credit-score/519705/ 2013-11-21T18:03:00Z Looking for FHA loan during Chapter 13 Bankruptcy - Nebraska http://www.zillow.com/advice-thread/Looking-for-FHA-loan-during-Chapter-13-Bankruptcy-Nebraska/525227/ I am looking for an FHA lender during a Chapter 13 Bankruptcy in Nebraska. &nbsp;I have made timely payments for at least the year and my credit score is at 601. &nbsp;I also understand that I will need to obtain an order from the Trustee that I am willing to get. I do not currently have a mortgage and am leasing.<br \><br \>8 replies Tue, 21 Jan 2014 02:41:00 GMT http://www.zillow.com/advice-thread/Looking-for-FHA-loan-during-Chapter-13-Bankruptcy-Nebraska/525227/ 2014-01-21T02:41:00Z Construction loan while in Chapter 13 - Nebraska http://www.zillow.com/advice-thread/Construction-loan-while-in-Chapter-13-Nebraska/530486/ Looking for Construction loan in Nebraska -- Have been in Chapter 13 for over one year with payments on time. &nbsp;Willing to get order from court/trustee to be able to build/purchase. &nbsp;Can have little to put down. &nbsp;Please no Agents -- only Lenders reply with information on how to contact for Lending information and timeline. Looking to build and need to have completed by April of 2015. &nbsp;Credit score currently 608.<br \><br \>2 replies Sat, 01 Mar 2014 17:24:00 GMT http://www.zillow.com/advice-thread/Construction-loan-while-in-Chapter-13-Nebraska/530486/ 2014-03-01T17:24:00Z if I refinance my home does it mean i'm thinking of staying here? what if i want to sell it/ http://www.zillow.com/advice-thread/if-I-refinance-my-home-does-it-mean-i%27m-thinking-of-staying-here-what-if-i-want-to-sell-it/389126/ I want to refinance but just &nbsp;to lower my payment! Or get out of debt. But my plan was to sell my home I been here 5 years . And I much rader sell than refinance but the way it is now. it may not be the best time. what are my opotions ?<br \><br \>4 replies Thu, 03 Mar 2011 03:45:00 GMT http://www.zillow.com/advice-thread/if-I-refinance-my-home-does-it-mean-i%27m-thinking-of-staying-here-what-if-i-want-to-sell-it/389126/ 2011-03-03T03:45:00Z Can I get a home loan with a 627 credit score? http://www.zillow.com/advice-thread/Can-I-get-a-home-loan-with-a-627-credit-score/523676/ I've had some credit troubles in the past but have been making payments on time and have raised my score to 627. My wife and I are expecting our first child in June so a down payment would not be an option yet. Is a home loan achievable? Thanks, Adam<br \><br \>12 replies Tue, 07 Jan 2014 23:02:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-home-loan-with-a-627-credit-score/523676/ 2014-01-07T23:02:00Z Need Current Chapter 13 Mortgage Broker/Lender in Nebraska http://www.zillow.com/advice-thread/Need-Current-Chapter-13-Mortgage-Broker-Lender-in-Nebraska/527729/ Looking for Mortgage Lender/Broker in Nebraska -- Have been in Chapter 13 for over one year with payments on time. &nbsp;Willing to get order from court/trustee to be able to build/purchase. &nbsp;Can have little to put down. &nbsp;Please no Agents -- only Lenders and Brokers reply with information on how to contact for Lending information and timeline. Looking to build and need to have completed by April of 2015. &nbsp;Credit score currently 608.<br \><br \>2 replies Sun, 09 Feb 2014 00:35:00 GMT http://www.zillow.com/advice-thread/Need-Current-Chapter-13-Mortgage-Broker-Lender-in-Nebraska/527729/ 2014-02-09T00:35:00Z How do people accomplish getting a morgage with credit scores under 600?? http://www.zillow.com/advice-thread/How-do-people-accomplish-getting-a-morgage-with-credit-scores-under-600/524509/ I have a middle credit score of 580. I know this is low but it is primarily due to closing my business 3 years ago. I know of people who have managed to buy houses with even worse scores! How does this happen!! I have been placed in a position where I must purchuse my home or the current owner is goin to sale to another, this has pushed my orginal plan of purchusing this spring out of the question. Now I have looked over my credit report, of course there are problems with it!! Two car loans that were paid off before midterm are not on there (found out bank does not report), and another car loan that I paid off after the first year which was a 6 year loan is not on there either. I know i can chase these down and fix them but time is not on my side. Please someone explain how people can do what I seem not to be able too!<br \><br \>8 replies Wed, 15 Jan 2014 00:20:00 GMT http://www.zillow.com/advice-thread/How-do-people-accomplish-getting-a-morgage-with-credit-scores-under-600/524509/ 2014-01-15T00:20:00Z What can I do to get more (or better) quotes for my loan request ZR-BJNYYSQ? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-BJNYYSQ/523498/ how could I put a bid in on this property with no down payment? how much would the cost be for a 30 year loan including taxes and insurance?<br \><br \>2 replies Mon, 06 Jan 2014 18:43:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-BJNYYSQ/523498/ 2014-01-06T18:43:00Z Manufactured Home http://www.zillow.com/advice-thread/Manufactured-Home/519836/ I recently started looking at homes with my real estate agent. I found a home I am interested in but suspected it was classified as a double wide. I'm still waiting for final confirmation from the seller but have a very strong feeling they will confirm my suspicion. The lender I am pre-approved through will not issue a loan on a double wide. Now I am having trouble finding a lender who will finance a double wide/manufactured home.Any suggestions or recommendations? I am a first time buyer and single parent. This home is set on a permanent foundation and built in the mid 1990's. <br/><br/>Thank you<br \><br \>5 replies Sat, 23 Nov 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Manufactured-Home/519836/ 2013-11-23T02:20:00Z where can I grt loan from http://www.zillow.com/advice-thread/where-can-I-grt-loan-from/510235/ I am international student who has a contract job with University of Nebraska-Lincoln. I need get loan, however I don't know where can I go to talk?<br/><br/>Thanks,<br/>Jenny<br \><br \>4 replies Fri, 06 Sep 2013 15:46:00 GMT http://www.zillow.com/advice-thread/where-can-I-grt-loan-from/510235/ 2013-09-06T15:46:00Z Loan for 2nd house http://www.zillow.com/advice-thread/Loan-for-2nd-house/507377/ Just found out our current house is worth less than we thought we are planning on holding on to it for couple years and renting it till better market... We want get approved for new house of 203,000 (1200 new payment) and our current house pyt is 822.00 ($70,000) ... Credit scores of around 680 lil higher and we have debts of $1600 a month ( student loans etc ) we have combined income of $113000 ... Do you think we will have any problems having both mortgages ?? Also any suggestions would be helpful<br \><br \>2 replies Sat, 17 Aug 2013 23:41:00 GMT http://www.zillow.com/advice-thread/Loan-for-2nd-house/507377/ 2013-08-17T23:41:00Z Refinance after Chapter 7 http://www.zillow.com/advice-thread/Refinance-after-Chapter-7/508002/ My husband died rather suddenly last year, leaving me with a mortgage, line of equity loan, credit card bills, and medical bills. Down to one income the only I've had to keep my head above water is to file a Chapter 7 bankruptcy, filed a couple of months ago. Even with the unsecured bills off the table, there is little to no money left after paying all the minimum Have-To bills. I was wondering if it is possible to refinance my home into one mortgage that is more affordable. There are only six years left on the original mortgage and yes, I know that I would paying a high interest, but if the combination of the mortgage and home equity loan could be lowered substantially I am not opposed to refinancing with a long-term loan again. A person still has to have a place to live, and even going back to renting is expensive.<br \><br \>4 replies Wed, 21 Aug 2013 20:46:00 GMT http://www.zillow.com/advice-thread/Refinance-after-Chapter-7/508002/ 2013-08-21T20:46:00Z Mortgage approval frustration http://www.zillow.com/advice-thread/Mortgage-approval-frustration/503841/ I have had a rough financial past from 2003 thru 2006 and had bad credit (around 525 score) but I have now increased my credit score to between 680 and 700 depending on the credit agency.&nbsp; I also have Federal tax liens (filed in 2008) on my credit report for the tax years 2003 thru 2005.&nbsp; In 2009 I entered into a payment plan with the IRS.&nbsp; I have made all payments due and, for the most part,&nbsp; have been on time with payments but twice in the last 16 months I have been late on my payment.&nbsp; I applied for a mortgage in April (my credit score at the time was about 650) and was told I needed to go the FHA route due to score and minimal down payment.&nbsp; I have good income and was preapproved for a mortgage in April.&nbsp; Since signing the contract on the home purchase and putting down earnest money, the mortgage company has said that since I have had late payments to the IRS on the payment plan, I am ineligible for an FHA loan. What are my options?&nbsp; Are there any other alternatives I have, short of paying off the IRS and getting the release on the liens?&nbsp; I have worked hard to increase my credit score to be able to purchase a home again.&nbsp; I thought I was good to go since I had a preapproval, but I guess that really doesn't mean much.&nbsp; Any advice would be appreciated.<br/>Thanks<br \><br \>2 replies Sat, 27 Jul 2013 03:20:00 GMT http://www.zillow.com/advice-thread/Mortgage-approval-frustration/503841/ 2013-07-27T03:20:00Z Will I qualify for a mortgage? http://www.zillow.com/advice-thread/Will-I-qualify-for-a-mortgage/505008/ Hi,I wan to but a house. I have a family, i am graduate student and have a graduate assistanship. Also I am not a US citizen or a PR. But, I have a good credit score around 690. Since I am not a US citizen or a PR, will I qualify? Please let me know.<br \><br \>1 reply Sat, 03 Aug 2013 02:52:00 GMT http://www.zillow.com/advice-thread/Will-I-qualify-for-a-mortgage/505008/ 2013-08-03T02:52:00Z FHA loan eligible? http://www.zillow.com/advice-thread/FHA-loan-eligible/504250/ I currently own a home that was financed by the seller. &nbsp;I need to move closer to my job about 40 miles and I want to know if I would eligible for a FHA loan on a new home. &nbsp;My credit score is about 660.<br/><br/>Thanks<br \><br \>2 replies Tue, 30 Jul 2013 02:03:00 GMT http://www.zillow.com/advice-thread/FHA-loan-eligible/504250/ 2013-07-30T02:03:00Z