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 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 \>3 replies 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 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/ 11 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 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 \>13 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 VA loan with a credit score of 604 http://www.zillow.com/advice-thread/VA-loan-with-a-credit-score-of-604/544288/ I am a disabled veteran with a credit score of 604. I am currently trying to raise that up but I am wondering if there is any lenders out there that can work with someone with a credit score of around 600 in a VA loan in the Southern Wisconsin area.&nbsp;<br \><br \>10 replies Thu, 05 Jun 2014 23:44:00 GMT http://www.zillow.com/advice-thread/VA-loan-with-a-credit-score-of-604/544288/ 2014-06-05T23:44:00Z 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 \>6 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 Loan approval with low scores and $69,000 http://www.zillow.com/advice-thread/Loan-approval-with-low-scores-and-69-000/555195/ My wife and I are looking to purchase a home. &nbsp;My credit scores is 582, and another is listed at 600. Her score is 682. Our combined income is $69,000. I was wondering if it is possible for us to get a home lone in the $160-$179,000 range with our scores and income. Looking for a lender to work with that would be able to make this happen....if possible<br \><br \>8 replies Mon, 18 Aug 2014 00:45:00 GMT http://www.zillow.com/advice-thread/Loan-approval-with-low-scores-and-69-000/555195/ 2014-08-18T00:45:00Z When to get preapproved? http://www.zillow.com/advice-thread/When-to-get-preapproved/538412/ Renting right now. &nbsp;Credit scores of approx 660. &nbsp;Income of $52k/year. &nbsp;Chapter 7 bankruptcy discharged in June of 2013. &nbsp;Husband is a graduate student. &nbsp;I know we have to wait until June of 2015 to be approved for a FHA mortgage. &nbsp;<br/><br/>My question is, can we be preapproved before that so we can be ready to purchase right after we've hit our two year waiting period? &nbsp;Or are we unable to get even preapproved until after the two years is up. &nbsp;<br \><br \>9 replies Mon, 28 Apr 2014 20:07:00 GMT http://www.zillow.com/advice-thread/When-to-get-preapproved/538412/ 2014-04-28T20:07:00Z 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 \>8 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 Loan Eligibility http://www.zillow.com/advice-thread/Loan-Eligibility/550123/ I've been a state employee for 3 years. I transferred to a different state agency 4 months ago while keeping the same job title and pay grade. Will this have an effect on my VA loan eligibility as far as work history is concerned?<br \><br \>6 replies Fri, 18 Jul 2014 02:48:00 GMT http://www.zillow.com/advice-thread/Loan-Eligibility/550123/ 2014-07-18T02:48:00Z Need a referral for a poor credit VA lender licensed for Wisconsin http://www.zillow.com/advice-thread/Need-a-referral-for-a-poor-credit-VA-lender-licensed-for-Wisconsin/537334/ I'm aware there are VA lenders that will lend down to 500 fico score, my score is much higher than that, in fact it is over 600. However a culmination of events this winter, including a divorce, caused me to fall behind on a credit card. I am trying to purchase the home I have lived in for nearly two years. I am 60% rated through the VA and have been self employed for over two years. My gross profit is decent, but of course end of year taxed net profit is minimized through deductions including "shop rent" that just happened to be my rent and a good portion of the utilities... I need a lender who can look at the bigger picture and understands that using net profit from a small business is a joke.<br \><br \>4 replies Mon, 21 Apr 2014 15:47:00 GMT http://www.zillow.com/advice-thread/Need-a-referral-for-a-poor-credit-VA-lender-licensed-for-Wisconsin/537334/ 2014-04-21T15:47:00Z Renting out a home with FHA Mortgage http://www.zillow.com/advice-thread/Renting-out-a-home-with-FHA-Mortgage/539428/ Hello,<br/><br/>I'm contemplating selling my home or renting it out. I have a FHA mortgage but I'm not sure if&nbsp;it allows me&nbsp;to not&nbsp;live on the premises. I thought I heard if you live there over a year you can but&nbsp;I'm not sure. Anyone know this one?<br/><br/>&nbsp;<br \><br \>6 replies Mon, 05 May 2014 23:16:00 GMT http://www.zillow.com/advice-thread/Renting-out-a-home-with-FHA-Mortgage/539428/ 2014-05-05T23:16:00Z 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 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 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