Zillow Advice RSS: Question-Discussion-Guide,FHA and VA Loans,WI http://www.zillow.com/advice/WI/mortgage-fha-and-va-loans/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate how do i get a 2nd mortgage on a fha loan http://www.zillow.com/advice-thread/how-do-i-get-a-2nd-mortgage-on-a-fha-loan/487447/ 4 replies Thu, 11 Apr 2013 16:39:00 GMT http://www.zillow.com/advice-thread/how-do-i-get-a-2nd-mortgage-on-a-fha-loan/487447/ 2013-04-11T16:39:00Z Can you get a FHA mortgage with poor credit? we have about 40% to put down, but low credit scores. http://www.zillow.com/advice-thread/Can-you-get-a-FHA-mortgage-with-poor-credit-we-have-about-40-to-put-down-but-low-credit-scores/524920/ 12 replies Sat, 18 Jan 2014 13:15:00 GMT http://www.zillow.com/advice-thread/Can-you-get-a-FHA-mortgage-with-poor-credit-we-have-about-40-to-put-down-but-low-credit-scores/524920/ 2014-01-18T13:15:00Z Are there any lenders out there who support VA Construction Loans? http://www.zillow.com/advice-thread/Are-there-any-lenders-out-there-who-support-VA-Construction-Loans/466409/ 3 replies Mon, 29 Oct 2012 20:32:00 GMT http://www.zillow.com/advice-thread/Are-there-any-lenders-out-there-who-support-VA-Construction-Loans/466409/ 2012-10-29T20:32:00Z Looking for Direction on FHA Loan in Wisconsin http://www.zillow.com/advice-thread/Looking-for-Direction-on-FHA-Loan-in-Wisconsin/509314/ My husband and I started the process of looking for a home mortgage. &nbsp;We know/knew it was going to be an uphill battle. &nbsp;My credit score is excellent (757) but my husband has credit issues. &nbsp;His previous marriage ended in divorce which led to their house being foreclosed on in April 2010. &nbsp;Following that, he had to file for Chapter 13 Bankruptcy (started June 2010). &nbsp;Yet, his score his still a 660. &nbsp;All that being said, we spoke with one adviser who pretty much closed the door on all loan options, including FHA. &nbsp;Would there be any chance/hope of us getting an FHA loan? &nbsp;We can't qualify for much of mortgage on my salary alone - my husband is major bread winner in the family.<br/><br/>*the discharge date of the bankruptcy will be in 2015. &nbsp;However, we've spoken with our lawyer and the courts and can be approved for the mortgage if everything else is in place. &nbsp;All payments have been made on time, and we're paying back a high percentage of debt amount (I'm told is small plus in our favor)<br \><br \>5 replies Fri, 30 Aug 2013 18:47:00 GMT http://www.zillow.com/advice-thread/Looking-for-Direction-on-FHA-Loan-in-Wisconsin/509314/ 2013-08-30T18:47:00Z What can I do to get more (or better) quotes for my loan request ZR-GTBVPJX? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-GTBVPJX/503676/ 0 replies Fri, 26 Jul 2013 01:29:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-GTBVPJX/503676/ 2013-07-26T01:29:00Z Still can't get a VA loan after we both have 620+ scores http://www.zillow.com/advice-thread/Still-can%27t-get-a-VA-loan-after-we-both-have-620-scores/498014/ We are looking to get a VA loan.&nbsp; We had a foreclosure in 2007 and bankruptcy in 2005.&nbsp; Our credit score was pulled yesterday by a lender.&nbsp; Mine is 650 and my wife's is 636.&nbsp; We were approved with credit score, but the computerized underwriter is declining us.&nbsp; What gives?&nbsp; It is quite frustrating to be above the magical 620 score only to have another hurdle in front of us.&nbsp; Any suggestions?<br \><br \>6 replies Thu, 20 Jun 2013 00:51:00 GMT http://www.zillow.com/advice-thread/Still-can%27t-get-a-VA-loan-after-we-both-have-620-scores/498014/ 2013-06-20T00:51:00Z True cost for an FHA sreamline http://www.zillow.com/advice-thread/True-cost-for-an-FHA-sreamline/494371/ I am currently considering refinancing my FHA mortgage.&nbsp; Our concern is that we are planning on selling in the next&nbsp; 2-3 years so we are trying to keep our loan balance as low as possible.&nbsp; Our current mortgage was setup in January 09 which I believe is a good thing for us and our current loan balance is 191,250.&nbsp; Would it be wise to refinance now?&nbsp;<br \><br \>5 replies Wed, 29 May 2013 12:55:00 GMT http://www.zillow.com/advice-thread/True-cost-for-an-FHA-sreamline/494371/ 2013-05-29T12:55:00Z Can you have two FHA or what does it take to refinance an FHA as an investment loan? http://www.zillow.com/advice-thread/Can-you-have-two-FHA-or-what-does-it-take-to-refinance-an-FHA-as-an-investment-loan/438201/ My husband and I currently have a home through an FHA home loan. We have lived in the home for 9 years. We have two children of opposite sex and it is a two bedroom. We have outgrown the current home (not 25% equity due to housing slump). Additionally, my husband is now working 10 hour shifts in Menomonee Falls and although we would have to live in Milwaukee we would like to live very close to the Falls (53224 zip code). The problem is we may need to rent out our current property, but it is an FHA. Could refinancing it with an investment loan help? Can we have two FHA loans? Do we qualify for any exceptions? Is there a company that can help if we have less than perfect credit, but great payment history on credit lines for the last two years, with a very low debt to income ratio. Our scores are as follows: TU 625,608...Equi 557,583...Exp 533, 563. We are currently working with Lexington law office to get some very old things deleted and our names corrected on our reports.&nbsp;<br \><br \>3 replies Sat, 07 Apr 2012 08:35:00 GMT http://www.zillow.com/advice-thread/Can-you-have-two-FHA-or-what-does-it-take-to-refinance-an-FHA-as-an-investment-loan/438201/ 2012-04-07T08:35:00Z with a credit score of 580 and a co-signer lined up. Will it improve my chances of an approval http://www.zillow.com/advice-thread/with-a-credit-score-of-580-and-a-co-signer-lined-up-Will-it-improve-my-chances-of-an-approval/476814/ 3 replies Thu, 31 Jan 2013 22:13:00 GMT http://www.zillow.com/advice-thread/with-a-credit-score-of-580-and-a-co-signer-lined-up-Will-it-improve-my-chances-of-an-approval/476814/ 2013-01-31T22:13:00Z FHA loan 1 deed 2 parcels http://www.zillow.com/advice-thread/FHA-loan-1-deed-2-parcels/477034/ I am trying to secure a loan on a property with 75 acres through FHA loan located in northern WI. At first we were trying to go the USDA route but the lender told me that that was not possible due to the size of the land. My question is that this land has one deed, but due to the county it is split into two parcels (one being 40 and one being 35 acres) There are two tax bills that come in for the property and the 35 acre parcel is located infront of the 40 acre parcel. I know this land would become landlocked if they were willing to split is up. I am hoping to obtain&nbsp;a mortgage on the whole thing. Is there any advice that you can give me to make this happen. I am at a loss have been trying to look up and find advice but this is not a very common thing I guess.<br \><br \>1 reply Sat, 02 Feb 2013 18:58:00 GMT http://www.zillow.com/advice-thread/FHA-loan-1-deed-2-parcels/477034/ 2013-02-02T18:58:00Z I do not have an FHA loan, is there a program like the FHA Streamline refinance that will work for m http://www.zillow.com/advice-thread/I-do-not-have-an-FHA-loan-is-there-a-program-like-the-FHA-Streamline-refinance-that-will-work-for-m/470643/ I am in the same rut as many homeowners who's home does not appraise above the mortgage amount.&nbsp; I heard about the Streamline program, but I do not have an FHA mortgage currently.&nbsp; Is there a program for me?<br \><br \>3 replies Fri, 07 Dec 2012 02:22:00 GMT http://www.zillow.com/advice-thread/I-do-not-have-an-FHA-loan-is-there-a-program-like-the-FHA-Streamline-refinance-that-will-work-for-m/470643/ 2012-12-07T02:22:00Z Can FHA loan be assumed by my significant other (we have joint tenancy) without a buyout or selling http://www.zillow.com/advice-thread/Can-FHA-loan-be-assumed-by-my-significant-other-we-have-joint-tenancy-without-a-buyout-or-selling/469797/ My partner and I own a house and we have FHA loan on it. Home equity is about $3000. We've lived in our home for more than 3 years. I want out but I don't have any money to pay him. I'm ready to assign over the title to him and try to apply for my own home loan. He will keep the property and he will continue paying the mortgage. We are just&nbsp;splitting&nbsp;up. Are there any restrictions as far as FHA loans go? Can he assume the whole mortgage (if he qualifies financially) and can I apply for a new FHA by myself? Thank you.<br \><br \>4 replies Thu, 29 Nov 2012 00:36:00 GMT http://www.zillow.com/advice-thread/Can-FHA-loan-be-assumed-by-my-significant-other-we-have-joint-tenancy-without-a-buyout-or-selling/469797/ 2012-11-29T00:36:00Z Paid for Appraisal/Inspection.. Loan Declined.. so what now? http://www.zillow.com/advice-thread/Paid-for-Appraisal-Inspection-Loan-Declined-so-what-now/467343/ 10 replies Mon, 05 Nov 2012 15:34:00 GMT http://www.zillow.com/advice-thread/Paid-for-Appraisal-Inspection-Loan-Declined-so-what-now/467343/ 2012-11-05T15:34:00Z WHEDA? http://www.zillow.com/advice-thread/WHEDA/457764/ I'm looking for some detailed info on WHEDA. More&nbsp;specifically&nbsp;how they&nbsp;determine&nbsp;your PMI if you only put down 3%. Also wondering about&nbsp;experiences&nbsp;with WHEDA (How's their customer service? Are they easy to work with? etc..) and what additional documents you were asked for during pre approval. My wife and I are looking to buy our first home and are in the process of getting pre approved by WHEDA. We were quoted at a good rate, but the mortgage guy said they can be really picky. We'd like to give them everything they want now so they don't have to request more documentation later. Just trying to get this done as quickly as possible.&nbsp;<br \><br \>1 reply Wed, 29 Aug 2012 15:04:00 GMT http://www.zillow.com/advice-thread/WHEDA/457764/ 2012-08-29T15:04:00Z Trying to plan for a mortgage after a bankruptcy. http://www.zillow.com/advice-thread/Trying-to-plan-for-a-mortgage-after-a-bankruptcy/436036/ My husband and I want to purchase a home after our 2 years post bk is up. The 2 years after discharge is April 4th 2013. We have our lease at the home we are renting until about that time. We would like to buy after our lease is up. Since our bk, our credit scores have gone only up. My husbands credit score is around 660 and mine is in the lower 600s (not exactly sure as its been awhile since ive checked) We currently both have 2 lines of credit open, both of them being vehicles, that both are in good standing with, with payment never being late. My husband makes about 69000 gross a year. The only debts we currently have is those 2 vehicles and about a 3000$ medical bill from our newborn, which we are currently paying down. We would like to plan as best as we can to purchase at our 2 year post discharge if it is possible. But that is our question. Are we going to be able to get a loan (fha) when that time is up or is it better for us to plan on renting longer? Obviously we know that the longer we wait after the bk and longer that we have for our scores to improve the better, but we both think that buying a home after or 2 years is something that is for us. Any advice would be very helpful. Thank You.<br \><br \>1 reply Wed, 21 Mar 2012 03:23:00 GMT http://www.zillow.com/advice-thread/Trying-to-plan-for-a-mortgage-after-a-bankruptcy/436036/ 2012-03-21T03:23:00Z Getting real close on closing on an FHA Streamline at 4.75% with good credit is this a good rate? http://www.zillow.com/advice-thread/Getting-real-close-on-closing-on-an-FHA-Streamline-at-4-75-with-good-credit-is-this-a-good-rate/426447/ 12 replies Thu, 22 Dec 2011 00:25:00 GMT http://www.zillow.com/advice-thread/Getting-real-close-on-closing-on-an-FHA-Streamline-at-4-75-with-good-credit-is-this-a-good-rate/426447/ 2011-12-22T00:25:00Z I have been approved for a FHA loan with 10% down but can'f find a pmi comp. to insure the loan,HELP http://www.zillow.com/advice-thread/I-have-been-approved-for-a-FHA-loan-with-10-down-but-can%27f-find-a-pmi-comp-to-insure-the-loan-HELP/207645/ <p>Second home, 244900, 10% down.&nbsp; Are there pmi or mip companies that will insure me?</p><br \><br \>4 replies Sat, 07 Mar 2009 03:13:00 GMT http://www.zillow.com/advice-thread/I-have-been-approved-for-a-FHA-loan-with-10-down-but-can%27f-find-a-pmi-comp-to-insure-the-loan-HELP/207645/ 2009-03-07T03:13:00Z Can a seller request an FHA appraisal? http://www.zillow.com/advice-thread/Can-a-seller-request-an-FHA-appraisal/380563/ Our sale seems to be in a slow down and I am wondering if we can seek and appraisal from an accredited FHA appraisal to help speed the process or will this throw more cogs on the wheel???&nbsp;<br \><br \>8 replies Wed, 12 Jan 2011 22:00:00 GMT http://www.zillow.com/advice-thread/Can-a-seller-request-an-FHA-appraisal/380563/ 2011-01-12T22:00:00Z WHAT IS THE BEST WAY OF COMING OF AN FHA LOAN WITHOUT REFINANCING? http://www.zillow.com/advice-thread/WHAT-IS-THE-BEST-WAY-OF-COMING-OF-AN-FHA-LOAN-WITHOUT-REFINANCING/368809/ 3 replies Tue, 05 Oct 2010 01:05:00 GMT http://www.zillow.com/advice-thread/WHAT-IS-THE-BEST-WAY-OF-COMING-OF-AN-FHA-LOAN-WITHOUT-REFINANCING/368809/ 2010-10-05T01:05:00Z I am planning on buying a house. My score is abt 660. Which is a better otion? Conventional or FHA? http://www.zillow.com/advice-thread/I-am-planning-on-buying-a-house-My-score-is-abt-660-Which-is-a-better-otion-Conventional-or-FHA/360413/ How much do I offer for the house? Is there a particular percentage? or a formular to work out how much to offer for the property.<br \><br \>9 replies Mon, 02 Aug 2010 01:39:00 GMT http://www.zillow.com/advice-thread/I-am-planning-on-buying-a-house-My-score-is-abt-660-Which-is-a-better-otion-Conventional-or-FHA/360413/ 2010-08-02T01:39:00Z