Zillow Advice RSS: Question-Discussion-Guide,Mortgage,Vacaville- CA http://www.zillow.com/advice/Vacaville-CA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate getting a first time buyer home loan after bankruptcy http://www.zillow.com/advice-thread/getting-a-first-time-buyer-home-loan-after-bankruptcy/522878/ i havent seen this question answered yet, my bankruptcy was completed 5-20-13, i was married 5-25-13 and my wife has never had a bk, we make 75k between the both of us and have been paying rent never late for 2 years, leased a car over 1 year ago never missed a payment, and i started making payments 3 months ago on &nbsp;a used car and havent missed a payment, our debt is 400 per month. we are tired of paying someone elses mortgage and want to get a 30 year fixed loan for around 210k. how hard will it be to get a loan now?<br \><br \>5 replies Tue, 31 Dec 2013 08:34:00 GMT http://www.zillow.com/advice-thread/getting-a-first-time-buyer-home-loan-after-bankruptcy/522878/ 2013-12-31T08:34:00Z Do mortgage loans in CA require 2 applicants? http://www.zillow.com/advice-thread/Do-mortgage-loans-in-CA-require-2-applicants/485018/ Do mortgage loans in Ca requies 2 applicants?<br \><br \>7 replies Wed, 27 Mar 2013 15:27:00 GMT http://www.zillow.com/advice-thread/Do-mortgage-loans-in-CA-require-2-applicants/485018/ 2013-03-27T15:27:00Z Need help about FHA loan http://www.zillow.com/advice-thread/Need-help-about-FHA-loan/484841/ I am getting ready to pre-qualify for an FHA loan.<br/><br/>Here is my information:<br/>1)&nbsp; I had a foreclosure 3 years ago (July&nbsp; 2013 will be exactly 3 years).&nbsp; <br/>2)&nbsp; My middle FICO score is 680.<br/>4)&nbsp; I am buying a house in CA.<br/>5)&nbsp; My annual income is over 140K.<br/>4)&nbsp; I will down payment 20%.<br/>5)&nbsp; I have recently re-established my credit.&nbsp; Now I have 6 credit cards.<br/><br/>I have some questions:<br/><br/>1.&nbsp; Can I get pre-qual prior to July?&nbsp; Since I plan on buying in July.<br/>2.&nbsp; If I plan to put down 20%, then can I avoid FHA MIP and mortgage insurance?<br/>3.&nbsp; My understanding is minimum score for&nbsp; FHA is 630.&nbsp; Mine is 680 at the moment.&nbsp; Would it help to get lower FHA interest rate, if I try to increase my credit score?<br/><br/>Thanks!<br/><br/>Vince<br/><br/><br \><br \>4 replies Tue, 26 Mar 2013 16:35:00 GMT http://www.zillow.com/advice-thread/Need-help-about-FHA-loan/484841/ 2013-03-26T16:35:00Z Options for buying a 2nd rental income property. http://www.zillow.com/advice-thread/Options-for-buying-a-2nd-rental-income-property/475048/ &nbsp;I am looking to buy a property for rental purposes. I currently own a house in another state that I rent out, it is a FHA loan and due to the drop in house values I owe about the market value of that residence, so I'm not underwater. Also own my primary residence here in CA. I have about 15% equity in my primary residence and it is a VA loan. The rental I'm looking to buy here in Vacaville, CA, is a condo and only about 40k, the rental income would be about 1k, more than covering the cost of the mortgage. I have a FICO of 700, but no money to put down on this new rental. I would really appreciate any help on finding a lender that would work with me. Thanks<br/>John<br \><br \>2 replies Sat, 19 Jan 2013 21:01:00 GMT http://www.zillow.com/advice-thread/Options-for-buying-a-2nd-rental-income-property/475048/ 2013-01-19T21:01:00Z Can I refi my current FHA loan, IF I have another home in the foreclosure process? http://www.zillow.com/advice-thread/Can-I-refi-my-current-FHA-loan-IF-I-have-another-home-in-the-foreclosure-process/378054/ Both of my loans are with B of A.&nbsp; I have a condo that I have not paid a payment in TWO years, but is taking very long to foreclose.&nbsp; I'm am in a new&nbsp;home (I have a co-borrower) with an FHA loan. I would like to refi, but not sure if I will qualify??<br \><br \>4 replies Fri, 17 Dec 2010 19:05:00 GMT http://www.zillow.com/advice-thread/Can-I-refi-my-current-FHA-loan-IF-I-have-another-home-in-the-foreclosure-process/378054/ 2010-12-17T19:05:00Z I owe $100,000 more than it's worth. Can I refinance? What are my options? http://www.zillow.com/advice-thread/I-owe-100-000-more-than-it%27s-worth-Can-I-refinance-What-are-my-options/348191/ 4 replies Mon, 03 May 2010 00:35:00 GMT http://www.zillow.com/advice-thread/I-owe-100-000-more-than-it%27s-worth-Can-I-refinance-What-are-my-options/348191/ 2010-05-03T00:35:00Z financially strapped with a 2063 monthly mortgage payment. How can we reduce our monthly payments? http://www.zillow.com/advice-thread/financially-strapped-with-a-2063-monthly-mortgage-payment-How-can-we-reduce-our-monthly-payments/346737/ Bought our house two years ago for 276000 and now the property is worth about 189000. Able to hang on this long has been a miracle. All repairs made to home prior to purchase are failing. i.e.&nbsp; Roof, Black mold around shower stall and so on. Credit debt is escalating just to make minor repairs. What's the best solution to obtain a lower monthly payment.<br \><br \>5 replies Fri, 23 Apr 2010 01:49:00 GMT http://www.zillow.com/advice-thread/financially-strapped-with-a-2063-monthly-mortgage-payment-How-can-we-reduce-our-monthly-payments/346737/ 2010-04-23T01:49:00Z Appraisal vs. Zillow estimated home value http://www.zillow.com/advice-thread/Appraisal-vs-Zillow-estimated-home-value/333111/ Why is&nbsp;Zillow so far off?&nbsp;<br/><br/>Had a walk in appraisal 3/8 and it came in very low to Zillow's estimated value.A 65K difference and not in my favor. Per the appraisal the low price was due to comps in the area. When I looked at the Zillow comps they were back in Nov 2009, the <a href="http://www.zillow.com/directory/real-estate-services-appraisal/">Appraiser</a> used comps from 12/09-02/10.<br/><br/>How often does Zillow update their comps?<br/>&nbsp;&nbsp;<br/>House was appraised at 265K and Zillow's 330K, this is major.&nbsp;<br/><br/>I had used Zillow's estimate during my&nbsp;initial&nbsp;talks with Wells Fargo. I figured even if Zillow was on the high side I would have room. So I spent the $400 dollars.<br/><br/>Loan was denied..&nbsp;<br/><br/>Help me understand, At some point I want to refi but need a better estimate when to start the process.<br/><br/>Thanks&nbsp;<br/><br/>Chris<br/><br/>&nbsp;<br \><br \>12 replies Thu, 11 Mar 2010 16:13:00 GMT http://www.zillow.com/advice-thread/Appraisal-vs-Zillow-estimated-home-value/333111/ 2010-03-11T16:13:00Z How do I setup another house on my favorites. http://www.zillow.com/advice-thread/How-do-I-setup-another-house-on-my-favorites/332116/ 0 replies Tue, 09 Mar 2010 01:21:00 GMT http://www.zillow.com/advice-thread/How-do-I-setup-another-house-on-my-favorites/332116/ 2010-03-09T01:21:00Z HAMP - in CA, the 31% DTI does NOT have to inc. taxes/ins? Per lender, other states do, but not CA? http://www.zillow.com/advice-thread/HAMP-in-CA-the-31-DTI-does-NOT-have-to-inc-taxes-ins-Per-lender-other-states-do-but-not-CA/310569/ I am in the process of finalizing my HAMP mod. but my modified payment does not includes taxes/insurance. My <a href="http://www.zillow.com/directory/lenders/">lender</a> tells me that CA is the only state in which the 31% DTI requirement doesn't have to include it. In other states, it does - so just for living in CA, we are penalized for this? My modification terms would have been better if that 31% figure included taxes and insurance - can you confirm if this is correct? Sounds odd that a government program would have a special provision for CA?<br \><br \>3 replies Thu, 31 Dec 2009 19:59:00 GMT http://www.zillow.com/advice-thread/HAMP-in-CA-the-31-DTI-does-NOT-have-to-inc-taxes-ins-Per-lender-other-states-do-but-not-CA/310569/ 2009-12-31T19:59:00Z I tried to work with BofA to work with my very upside down mortgage. They do not want to even talk. http://www.zillow.com/advice-thread/I-tried-to-work-with-BofA-to-work-with-my-very-upside-down-mortgage-They-do-not-want-to-even-talk/281826/ They just repeat, your current, ask when you get behind.&nbsp; I do not want to get behind.<br/><br/>how ccan I get them to work with me withotr spending a fortune on lawyers?<br \><br \>3 replies Thu, 24 Sep 2009 08:19:00 GMT http://www.zillow.com/advice-thread/I-tried-to-work-with-BofA-to-work-with-my-very-upside-down-mortgage-They-do-not-want-to-even-talk/281826/ 2009-09-24T08:19:00Z Hello,I own a 2 bdr condo which is rented. I would like to lower my mortgage. It is upsidedown now http://www.zillow.com/advice-thread/Hello-I-own-a-2-bdr-condo-which-is-rented-I-would-like-to-lower-my-mortgage-It-is-upsidedown-now/215272/ This condo has been greatly upgraded, but the market is now dropped substantially since I bought. It was refinanced in 2007, but my condo is now "upside down". I would like to <a href="http://www.zillow.com/refinance/">refinance</a> again, if that is wise to do.<br \><br \>3 replies Wed, 25 Mar 2009 20:30:00 GMT http://www.zillow.com/advice-thread/Hello-I-own-a-2-bdr-condo-which-is-rented-I-would-like-to-lower-my-mortgage-It-is-upsidedown-now/215272/ 2009-03-25T20:30:00Z What do you do when your Loan balance exceeds your property value? http://www.zillow.com/advice-thread/What-do-you-do-when-your-Loan-balance-exceeds-your-property-value/204781/ I think those of us in this situation are screwed!&nbsp;<br \><br \>2 replies Fri, 27 Feb 2009 23:20:00 GMT http://www.zillow.com/advice-thread/What-do-you-do-when-your-Loan-balance-exceeds-your-property-value/204781/ 2009-02-27T23:20:00Z What is a plan for someone who is "upside down" by close to $ 200K but with good credit? http://www.zillow.com/advice-thread/What-is-a-plan-for-someone-who-is-upside-down-by-close-to-200K-but-with-good-credit/196619/ House purchased 3 years ago; currently a rental with rent covering about half the payment.&nbsp; Original <a href="http://www.zillow.com/mortgage/">loans</a> combined for almost 100% of cost.&nbsp; So far, all payments have been made ontime, but long-term outlook is confusing.&nbsp; Currently, owner is living with family and owns no other real estate.<br \><br \>7 replies Fri, 06 Feb 2009 22:49:00 GMT http://www.zillow.com/advice-thread/What-is-a-plan-for-someone-who-is-upside-down-by-close-to-200K-but-with-good-credit/196619/ 2009-02-06T22:49:00Z I have a 30 year fixed rate loan but am upside down. Any way to refi and get a lower int rate? http://www.zillow.com/advice-thread/I-have-a-30-year-fixed-rate-loan-but-am-upside-down-Any-way-to-refi-and-get-a-lower-int-rate/189462/ I have very good credit, but my <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30 year fixed</a> rate <a href="http://www.zillow.com/mortgage/">mortgage</a> balance is higher than the current home value due to the crash in the home market.&nbsp; Do I have any chance of refinancing to take advantage of today's low <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> or am I stuck with what I have?<br \><br \>2 replies Sat, 17 Jan 2009 22:30:00 GMT http://www.zillow.com/advice-thread/I-have-a-30-year-fixed-rate-loan-but-am-upside-down-Any-way-to-refi-and-get-a-lower-int-rate/189462/ 2009-01-17T22:30:00Z Loan Modification http://www.zillow.com/advice-thread/Loan-Modification/179494/ If I have extra utilitiers services like cable, internet etc. Should I get just basic or turn off or put in another persons name until modification process is closed? Credit is great no card or other debt. My fixed rate is ending, bank wont re-finance. My income doesnt qualify i'm on ssdi for life.<br/>Any suggestions?<br \><br \>3 replies Fri, 19 Dec 2008 20:56:00 GMT http://www.zillow.com/advice-thread/Loan-Modification/179494/ 2008-12-19T20:56:00Z