Zillow Advice RSS: Question-Discussion-Guide,Mortgage,SD http://www.zillow.com/advice/SD/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How do we protect ourselves as buyers doing repairs on a foreclosure home before closing? http://www.zillow.com/advice-thread/How-do-we-protect-ourselves-as-buyers-doing-repairs-on-a-foreclosure-home-before-closing/371256/ 25 replies Thu, 14 Oct 2010 15:17:00 GMT http://www.zillow.com/advice-thread/How-do-we-protect-ourselves-as-buyers-doing-repairs-on-a-foreclosure-home-before-closing/371256/ 2010-10-14T15:17:00Z VA loan on manufactured home in South Dakota http://www.zillow.com/advice-thread/VA-loan-on-manufactured-home-in-South-Dakota/571543/ <p>I currently have a construction loan on a double wide manufactured home in South Dakota.&nbsp; I am trying to refinance into a VA loan but am having trouble finding anyone to do this.&nbsp; Can someone point me in a direction of a lender who works in South Dakota,&nbsp; with manufactured homes and VA loans??</p><p>Thanks...</p><br \><br \>1 reply Wed, 07 Jan 2015 21:53:00 GMT http://www.zillow.com/advice-thread/VA-loan-on-manufactured-home-in-South-Dakota/571543/ 2015-01-07T21:53:00Z Trying to Find a Mortgage Lender http://www.zillow.com/advice-thread/Trying-to-Find-a-Mortgage-Lender/538828/ I'm a first time buyer and the process is somewhat overwhelming. Obviously, the better my FICO scores the lower my rates, right? What I need to know is if:<br/><br/>1. I can get a mortgage loan under 100k<br/>2. What kind of rates/lenders I can get (if any) with the following credit report<br/>&nbsp;&nbsp; a.) Equifax=611, 5 collections (2 medical from 2010, 1 medical from 2008, 1 broken lease from 2009, and some other small bill I can't remember), <br/>&nbsp;&nbsp; b.) Experian=670, 3 collections (1 broken lease 2009, 1 medical 2008, and the small bill I can't remember)<br/>&nbsp;&nbsp; c.) Transunion=638, 3 collections (1 broken lease 2008, 1 medical 2008, small bill I can't remember)<br/><br/>Relevant information on all credit reports-Several inquiries from last year (when I began the process of rebuilding my credit), 4 years oldest account, 2 years AAoA, all payments on time, 1% DTI, $1500 available credit,net &nbsp;income between 50-65,000, gross income between 80-100,000.<br/><br/>My husband is also a veteran and&nbsp;might qualify for a VA loan&nbsp;but his credit is much more abysmal due to massive student loan debt not being deferred (we are working on it). His scores are: <br/>Equifax=487<br/>Experian=599<br/>Transunion=561<br/><br/>So, I was wondering should I try to take out a loan myself without my husband on the loan, and if my scores would even make a loan feasible? Besides credit scores, the problem I forsee with taking out a loan on my own is that I don't work, I'm a full-time student. So, we would have to be using my husband's income.<br \><br \>5 replies Thu, 01 May 2014 20:19:00 GMT http://www.zillow.com/advice-thread/Trying-to-Find-a-Mortgage-Lender/538828/ 2014-05-01T20:19:00Z Frustrated with Banks about high DTI http://www.zillow.com/advice-thread/Frustrated-with-Banks-about-high-DTI/537533/ I have been trying to refinance my home since I lost my job two years ago...My current loan is a 30 year fixed rate of 5.5% with the USDA Rural Development.&nbsp; I have about a 75% LTV, credit score of 804 and have never been late on my house payments.&nbsp; I currently have a DTI around 50% and Wells Fargo doesn't seem to want to deal with me or help me out.&nbsp; I have called a few banks about refinancing under the USDA Rural Devopment refinance program, but there are a lot more fees so that doesn't seem to benefit me any.&nbsp; What can I do? What type of bank is going to help someone with a 50% DTI?&nbsp; There is absolutely no way I will ever be able to lower my&nbsp;DTI to 36% as I see&nbsp;most banks require...That is insane on a one person income. &nbsp;I lost my job two years so I'm struggling, but I still make payments on time.&nbsp; I just need a lower monthly mortgage payment.&nbsp; I also can't do any loan modifications such as Harp or Hamp as they don't work with a USDA loan.&nbsp; Any suggestions?<br \><br \>8 replies Tue, 22 Apr 2014 21:02:00 GMT http://www.zillow.com/advice-thread/Frustrated-with-Banks-about-high-DTI/537533/ 2014-04-22T21:02:00Z In SD can a Native American use a sec 184 loan to buy a home off of Indian land? http://www.zillow.com/advice-thread/In-SD-can-a-Native-American-use-a-sec-184-loan-to-buy-a-home-off-of-Indian-land/530832/ In SD can a Native American use a sec 184 loan to buy a home off of Indian land? The tribe we belong to says fee simple after the name of the tribe. He belongs to the Lower Brule tribe in SD.<br \><br \>0 replies Tue, 04 Mar 2014 03:44:00 GMT http://www.zillow.com/advice-thread/In-SD-can-a-Native-American-use-a-sec-184-loan-to-buy-a-home-off-of-Indian-land/530832/ 2014-03-04T03:44:00Z What can I do to get more (or better) quotes for my loan request ZR-LVMDDTH? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-LVMDDTH/506955/ 1 reply Wed, 14 Aug 2013 23:29:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-LVMDDTH/506955/ 2013-08-14T23:29:00Z FHA Job Requirements http://www.zillow.com/advice-thread/FHA-Job-Requirements/503141/ <p>I've been doing some research on FHA loans and typically two years of uninterrupted employment is required. My fiance and I will be buying together within the next year and we're both recently out of college. I will have been with the same employer for about 3 years (2 years post-graduation) and she will have been with the same employer for less than a year. We will be looking at houses that are probably more expensive than I could afford with just my salary. Will this be a problem since she will have been with her current employer for less than 2 years? Any other suggestions on low down payment mortgages? Our combined income is too high to qualify for first time homebuyer assistance.</p><br \><br \>3 replies Tue, 23 Jul 2013 02:25:00 GMT http://www.zillow.com/advice-thread/FHA-Job-Requirements/503141/ 2013-07-23T02:25:00Z I am looking at buying in Florida but live in Scotland. I want to be pre approved for a loan before http://www.zillow.com/advice-thread/I-am-looking-at-buying-in-Florida-but-live-in-Scotland-I-want-to-be-pre-approved-for-a-loan-before/487400/ 4 replies Thu, 11 Apr 2013 12:25:00 GMT http://www.zillow.com/advice-thread/I-am-looking-at-buying-in-Florida-but-live-in-Scotland-I-want-to-be-pre-approved-for-a-loan-before/487400/ 2013-04-11T12:25:00Z Three years ago I bought an older home with a lot of potential and have since went to work. I wante http://www.zillow.com/advice-thread/Three-years-ago-I-bought-an-older-home-with-a-lot-of-potential-and-have-since-went-to-work-I-wante/488891/ 1 reply Sun, 21 Apr 2013 18:38:00 GMT http://www.zillow.com/advice-thread/Three-years-ago-I-bought-an-older-home-with-a-lot-of-potential-and-have-since-went-to-work-I-wante/488891/ 2013-04-21T18:38:00Z whats the best rate i can get if i dont want to pay for an appraisal http://www.zillow.com/advice-thread/whats-the-best-rate-i-can-get-if-i-dont-want-to-pay-for-an-appraisal/473756/ whats the best rate i can get if i dont want an appraisal<br \><br \>6 replies Wed, 09 Jan 2013 18:54:00 GMT http://www.zillow.com/advice-thread/whats-the-best-rate-i-can-get-if-i-dont-want-to-pay-for-an-appraisal/473756/ 2013-01-09T18:54:00Z How do we protect ourselves as buyers doing repairs on a foreclosure home before closing? http://www.zillow.com/advice-thread/How-do-we-protect-ourselves-as-buyers-doing-repairs-on-a-foreclosure-home-before-closing/371256/ 14 replies Thu, 14 Oct 2010 15:17:00 GMT http://www.zillow.com/advice-thread/How-do-we-protect-ourselves-as-buyers-doing-repairs-on-a-foreclosure-home-before-closing/371256/ 2010-10-14T15:17:00Z Can anyone quote me a rate for an investment property in Rapid City, SD? http://www.zillow.com/advice-thread/Can-anyone-quote-me-a-rate-for-an-investment-property-in-Rapid-City-SD/233370/ I requested a quote on Zillow, but most of the automated responses ignored what I put in and quoted me an owner-occupied rate. I'm looking for a rate quote for a multi-unit property with 25% down (20% would be better, if possible) and credit score of 780+.<br \><br \>4 replies Sun, 10 May 2009 18:52:00 GMT http://www.zillow.com/advice-thread/Can-anyone-quote-me-a-rate-for-an-investment-property-in-Rapid-City-SD/233370/ 2009-05-10T18:52:00Z Rights as cosigner http://www.zillow.com/advice-thread/Rights-as-cosigner/379043/ If I am a cosigner on a mortgage and the primary signer moves out and stops making payments, &nbsp;is the property mine if I have made the payments for the past 10 months?&nbsp;<br \><br \>5 replies Thu, 30 Dec 2010 19:10:00 GMT http://www.zillow.com/advice-thread/Rights-as-cosigner/379043/ 2010-12-30T19:10:00Z Still looking for financing for property with two houses http://www.zillow.com/advice-thread/Still-looking-for-financing-for-property-with-two-houses/301920/ I have closed on a property like this using my local credit union, which charges 6.75% fixed for 15 years. I'm looking to buy a few more properties like this if I can find a better rate. I know there are at least two comps and there likely are more than two.<br \><br \>1 reply Fri, 27 Nov 2009 16:32:00 GMT http://www.zillow.com/advice-thread/Still-looking-for-financing-for-property-with-two-houses/301920/ 2009-11-27T16:32:00Z I have submitted nearly three dozen quotes without any response, are there any tricks or tips? http://www.zillow.com/advice-thread/I-have-submitted-nearly-three-dozen-quotes-without-any-response-are-there-any-tricks-or-tips/282205/ 3 replies Fri, 25 Sep 2009 13:37:00 GMT http://www.zillow.com/advice-thread/I-have-submitted-nearly-three-dozen-quotes-without-any-response-are-there-any-tricks-or-tips/282205/ 2009-09-25T13:37:00Z 2 properties on single tax lot - one or two mortgages? http://www.zillow.com/advice-thread/2-properties-on-single-tax-lot-one-or-two-mortgages/232555/ I'd like to purchase a duplex and single family home on a single tax lot as an investment. Will I be able to finance this with one mortgage?<br/><br/>TIA.<br \><br \>2 replies Thu, 07 May 2009 22:50:00 GMT http://www.zillow.com/advice-thread/2-properties-on-single-tax-lot-one-or-two-mortgages/232555/ 2009-05-07T22:50:00Z