Zillow Advice RSS: Question-Discussion-Guide,Mortgage,AL http://www.zillow.com/advice/AL/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How long is it taking to close USDA in Alabama http://www.zillow.com/advice-thread/How-long-is-it-taking-to-close-USDA-in-Alabama/554320/ Wondering how long it took your most recent USDA Loan to close? Also anyone know how I can find out what day the local office is on. I see the dates for other states but cant find this information on the local site. Anyone know what day they are on or how long it is taking them to review a loan?<br \><br \>6 replies Tue, 12 Aug 2014 01:48:00 GMT http://www.zillow.com/advice-thread/How-long-is-it-taking-to-close-USDA-in-Alabama/554320/ 2014-08-12T01:48:00Z FHA Streamline Refinance Question http://www.zillow.com/advice-thread/FHA-Streamline-Refinance-Question/471350/ Hi.&nbsp; We have an FHA loan on our home, originally made in July, 2000.&nbsp; Our interest rate is 7.15%.&nbsp; Our home is worth about $91000, and we owe approximately $68500.&nbsp; We have never been late on a payment.&nbsp; Our existing lender does not offer any sort of refinancing, streamline or otherwise.&nbsp; I have been talking with a representative from Freedom Mortgage about refinancing, and their offer seems ok.&nbsp; They can 3.875%, and our payment would drop around $85 per month.&nbsp; I would rather refinance with a bank, but can't find one willing to do a streamline refinance unless they hold the original loan.&nbsp; Does anyone have any information about Freedom Mortgage or any advise about other companies I can contact for information?&nbsp; Thanks in advane.<br \><br \>11 replies Sat, 15 Dec 2012 04:33:00 GMT http://www.zillow.com/advice-thread/FHA-Streamline-Refinance-Question/471350/ 2012-12-15T04:33:00Z Is there a civil servant loan that is similar to a VA loan? http://www.zillow.com/advice-thread/Is-there-a-civil-servant-loan-that-is-similar-to-a-VA-loan/560831/ I've recently heard about a civil servant loan that is similar to a VA loan, but I'm unable to find anything online other than one mortgage agency that isn't in my area. Does anyone have any information on this? I'm a 911 operator in my county and from what I understand I should qualify. Thank you in advance for any help you can offer.<br \><br \>3 replies Sat, 27 Sep 2014 03:23:00 GMT http://www.zillow.com/advice-thread/Is-there-a-civil-servant-loan-that-is-similar-to-a-VA-loan/560831/ 2014-09-27T03:23:00Z Help with mortgage with problem credit http://www.zillow.com/advice-thread/Help-with-mortgage-with-problem-credit/559353/ My husband is a veteran who has already established his eligibility for a VA loan.&nbsp; We have found a new home we are interested in purchasing and started to apply for a mortgage.&nbsp; That is when we found out about a rental we had 7 years ago that we thought had been foreclosed on was still showing "active" on his credit.&nbsp; We no longer own the property, have documents that show it is no longer ours, and are disputing this via the credit companies as well as with the lender.&nbsp; We went the dispute route after 2 failed attempts to get anyone to talk to us at the lenders (re: the foreclosure that isn't a foreclosure).&nbsp; Can anyone recommend a lender we could go sit down and talk to, who would listen to our explanation, review our documentation, and perhaps give us guidance on what additional steps we may be able to take to get approved for a new mortgage?&nbsp; Our debt to income ratio, even with this foreclosure snafu is still very, very good.&nbsp; Our scores are not terrible, but are not great.&nbsp; It appears that the main issue is the open mortgage showing non-payment&nbsp; for 7 years, when it is no longer our property and no one has attempted to get any payments from us in that time.&nbsp; We'd love the opportunity to sit down and talk face to face with someone who can provide guidance.... somewhere around the Montgomery, AL area.&nbsp; Any suggestions? We're wanting to move kind of fast on this, as we have found a new home we want, but are holding off making an offer until we can bring pre-approved financing.... and we don't want this house to get bought before we can do so.<br \><br \>1 reply Mon, 15 Sep 2014 18:09:00 GMT http://www.zillow.com/advice-thread/Help-with-mortgage-with-problem-credit/559353/ 2014-09-15T18:09:00Z Refinance with 500 credit score http://www.zillow.com/advice-thread/Refinance-with-500-credit-score/556991/ I have to refinance a 1999 doublewide manufactured home due to a divorce. I have a discharged bankruptcy (2010) and a son with major medical issues(equals lots of medical bills) Is there any hope of getting a refi?<br \><br \>2 replies Thu, 28 Aug 2014 17:44:00 GMT http://www.zillow.com/advice-thread/Refinance-with-500-credit-score/556991/ 2014-08-28T17:44:00Z how will usda view income with husband separating from military 30 days after closing? http://www.zillow.com/advice-thread/how-will-usda-view-income-with-husband-separating-from-military-30-days-after-closing/554019/ We are 12k under income cap before counting bah and bas... but can't use va loan because of his credit score was a couple points of when we applied. Which is why we decided usda in my name qualified fine for mortgage but I am afraid that we won't pass with usda office if they count the bah and bas, but he will separate from the military before our first mortgage payment is do. Will they even take his separation date into consideration? All allowances included puts less then 5k over max... any advice will be greatly appreciated, already talked to LO she is not sure how the under writer will handle it.<br \><br \>6 replies Sat, 09 Aug 2014 22:20:00 GMT http://www.zillow.com/advice-thread/how-will-usda-view-income-with-husband-separating-from-military-30-days-after-closing/554019/ 2014-08-09T22:20:00Z Can I refi my VA loan for debt consolidation with 594 credit score http://www.zillow.com/advice-thread/Can-I-refi-my-VA-loan-for-debt-consolidation-with-594-credit-score/553287/ 4 replies Tue, 05 Aug 2014 21:26:00 GMT http://www.zillow.com/advice-thread/Can-I-refi-my-VA-loan-for-debt-consolidation-with-594-credit-score/553287/ 2014-08-05T21:26:00Z who can loan on an earth sheltered home, no will give you an appraisal to use as loan value http://www.zillow.com/advice-thread/who-can-loan-on-an-earth-sheltered-home-no-will-give-you-an-appraisal-to-use-as-loan-value/356956/ 7 replies Thu, 08 Jul 2010 15:50:00 GMT http://www.zillow.com/advice-thread/who-can-loan-on-an-earth-sheltered-home-no-will-give-you-an-appraisal-to-use-as-loan-value/356956/ 2010-07-08T15:50:00Z VA home loan with 584 credit score http://www.zillow.com/advice-thread/VA-home-loan-with-584-credit-score/547026/ My wife and I are trying to purchase a home. Our credit scores are in the 584 range. We live in Montgomery, AL. We have $8,000 towards closing costs. Any hope of us finding a lender? We have impeccable payment history, no foreclosures, bankruptcy is three years old. Thanks for your help :) email me at josh.huhot@gmail.com - 262- nine zero nine zero six zero seven<br \><br \>4 replies Tue, 24 Jun 2014 23:46:00 GMT http://www.zillow.com/advice-thread/VA-home-loan-with-584-credit-score/547026/ 2014-06-24T23:46:00Z VA LOAN http://www.zillow.com/advice-thread/VA-LOAN/551622/ My wife and I are trying to purchase a home. Our credit scores are in the 584 range. We live in Montgomery, AL. We have $8,000 towards closing costs. Any hope of us finding a lender? We have impeccable payment history, no foreclosures, bankruptcy is three years old. Thanks for your help :) email me at josh.huhot@gmail.com - 262- nine zero nine zero six zero seven<br \><br \>1 reply Sun, 27 Jul 2014 19:06:00 GMT http://www.zillow.com/advice-thread/VA-LOAN/551622/ 2014-07-27T19:06:00Z What just happened? http://www.zillow.com/advice-thread/What-just-happened/551266/ I recently applied for a mortgage pre-approval of $209,000 with a $40,000 down payment added on top. I went through the bank where I have a checking and savings account&nbsp;with over $150,000 between the 2 accounts. My credit score is 755, I have no debt other than a vehicle payment of $410.00 per month, and my monthly income is near $7500.00 per month before taxes. Can someone please explain to me why I was denied for the loan. Their "Principal Reasons for Credit Denial or Counteroffer" stated that it was because of "Limited Credit Experience". How can I have limited credit experience when I've had at least 3 vehicle loans through this bank and all of them were paid off in full without a single late payment. Not to mention that I have well over half of the loan amount sitting in the accounts I have with this bank.<br \><br \>3 replies Fri, 25 Jul 2014 09:26:00 GMT http://www.zillow.com/advice-thread/What-just-happened/551266/ 2014-07-25T09:26:00Z CHILD SUPPORT ARREARS AND HOME LOAN QUALIFICATIONS http://www.zillow.com/advice-thread/CHILD-SUPPORT-ARREARS-AND-HOME-LOAN-QUALIFICATIONS/452410/ My husband has 20K in child support arrears appearing on his credit report;due to the kids mother requesting back pay. However, ever since the judgement 4 years ago he has made constant payments which are directly debited from his pay check weekly. We are looking into purchasing a home and I wanted to know will this affect us. Other than that issue we have good credit along with two open car loans( 1 will be paid off 5/2013) and one credit card that have never&nbsp;received&nbsp;a late payment.<br \><br \>9 replies Tue, 24 Jul 2012 16:58:00 GMT http://www.zillow.com/advice-thread/CHILD-SUPPORT-ARREARS-AND-HOME-LOAN-QUALIFICATIONS/452410/ 2012-07-24T16:58:00Z Is it possible to loan before start a job http://www.zillow.com/advice-thread/Is-it-possible-to-loan-before-start-a-job/537673/ My family is planning to buy a house. I have been on my work position for more than 3 years. My husband will start his job this July, and before that he is a student. It looks like many lender want a two month pay slip. &nbsp;Is that going to cause us a problem when we look for loans? Should we just wait until the end of the year?<br \><br \>7 replies Wed, 23 Apr 2014 18:44:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-loan-before-start-a-job/537673/ 2014-04-23T18:44:00Z Where can I get financing on a manufactured home? http://www.zillow.com/advice-thread/Where-can-I-get-financing-on-a-manufactured-home/521510/ I know this is a question asked many times. I guess I have a somewhat unique situation, because I am having trouble. I currently own a home in Franklin, GA. My wife and I are looking at buying a second home in Roanoke, AL. The second home is a manufactured home with a permanent foundation, built in 1999, on 40 acres. We are going to use this as our primary home, and rent our current home out. I am eligable for (and would like to use) the VA loan guaranty option. My wife and I both have credit scores in the 700's, and a debt to income ratio of less than 1% (about 0.25%). The trouble I am finding is that major lenders won't finance manufactured homes, and manufactured home lenders won't lend unless the property is financed seperately. Is there anyone in the area that can work with this?<br \><br \>6 replies Fri, 13 Dec 2013 06:46:00 GMT http://www.zillow.com/advice-thread/Where-can-I-get-financing-on-a-manufactured-home/521510/ 2013-12-13T06:46:00Z VA home loan http://www.zillow.com/advice-thread/VA-home-loan/547028/ VA home loan with 584 credit score My wife and I are trying to purchase a home. Our credit scores are in the 584 range. We live in Montgomery, AL. We have $8,000 towards closing costs. Any hope of us finding a lender? We have impeccable payment history, no foreclosures, bankruptcy is three years old. Thanks for your help :) email me at josh.huhot@gmail.com - 262- nine zero nine zero six zero seven<br \><br \>1 reply Tue, 24 Jun 2014 23:49:00 GMT http://www.zillow.com/advice-thread/VA-home-loan/547028/ 2014-06-24T23:49:00Z (Moved): VA home loan http://www.zillow.com/advice-thread/Moved-VA-home-loan/547038/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/VA-home-loan/547028/">http://www.zillow.com/advice-thread/VA-home-loan/547028/</a><br \><br \>0 replies Wed, 25 Jun 2014 00:36:00 GMT http://www.zillow.com/advice-thread/Moved-VA-home-loan/547038/ 2014-06-25T00:36:00Z chapter 13 filed april 2011 http://www.zillow.com/advice-thread/chapter-13-filed-april-2011/545809/ We filed chapter 13 n April 2011 pays out april 2016 this was due 2 me getting cancer and missing work used all of my sick time waiting period for std and it was only 150 per week then I had a waiting period for ltd which was 60% of my wages applied for ssd which takes 6 months but got behind in bills I had worked 2 -3 jobs for over 22 years then in November 2011 my husband got sick he had 4 major surgeries n a 2 year period. Neither one had ever had a serious illiness but when it hit it hit hard never been late on a chapter 13 payment we have 2 condo mortgages with wells fargo never been late on any if these. we r wanting 2 sell the condo we live in and buy in foley since we r both retired. We want 2 buy a condo n the area nothing on the beach or nothing across from the beach we like one n park ave #207 also looking at regency park place. This will b our primary residence the othercondo we own is rented and has stayed rented he wants to buy hopefully in the next few months. If u have any questions please email me first my husband has a procedure Tuesday. I am working with a realtor n your area. I hope u can help us I am also working with wells Fargo I still have 2 get her more info. But u know the area so maybe u can helo<br \><br \>1 reply Tue, 17 Jun 2014 04:14:00 GMT http://www.zillow.com/advice-thread/chapter-13-filed-april-2011/545809/ 2014-06-17T04:14:00Z How to find a lender for lake lot with mobile home in zip code 35131 http://www.zillow.com/advice-thread/How-to-find-a-lender-for-lake-lot-with-mobile-home-in-zip-code-35131/542632/ We purchased a mobile home and did a owner finance on the lake lot.&nbsp; We would like to refinance with both combined or at least just the lot.<br \><br \>2 replies Tue, 27 May 2014 04:19:00 GMT http://www.zillow.com/advice-thread/How-to-find-a-lender-for-lake-lot-with-mobile-home-in-zip-code-35131/542632/ 2014-05-27T04:19:00Z Is there a home loan for a Disabled person on a fixed income with bad credit? http://www.zillow.com/advice-thread/Is-there-a-home-loan-for-a-Disabled-person-on-a-fixed-income-with-bad-credit/437047/ 4 replies Thu, 29 Mar 2012 04:29:00 GMT http://www.zillow.com/advice-thread/Is-there-a-home-loan-for-a-Disabled-person-on-a-fixed-income-with-bad-credit/437047/ 2012-03-29T04:29:00Z Mobile Home lenders - for used double wide http://www.zillow.com/advice-thread/Mobile-Home-lenders-for-used-double-wide/540446/ 538 Hall Rd, Dothan, AL.&nbsp; Land is owned with NO liens.&nbsp; Mobile home has loan of approx. 53, property worth 70-74K with land.&nbsp; Nice home, but we feel totally helpless after speaking to Green Tree,&nbsp; NOT very NICE or willing to give any directions.&nbsp; Only kept saying owner can only sell &amp; his name must stay on existing loan?? Are there any lenders in Alabama that would consider/review with a potential buyer the originating of a loan on mobile home (with acres and down payment?&nbsp;<br \><br \>0 replies Mon, 12 May 2014 23:51:00 GMT http://www.zillow.com/advice-thread/Mobile-Home-lenders-for-used-double-wide/540446/ 2014-05-12T23:51:00Z