Zillow Advice RSS: Question-Discussion-Guide,Mortgage Types,TN http://www.zillow.com/advice/TN/mortgage-mortgage-types/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Anyone offer mortgage on house with acreage classified as agri even though not used for agriculture? http://www.zillow.com/advice-thread/Anyone-offer-mortgage-on-house-with-acreage-classified-as-agri-even-though-not-used-for-agriculture/472550/ Trying to buy a house through a short sale.&nbsp; It has 48 acres and is classified as agricultural because of the acreage, even though property isn't used for that.&nbsp; Are there any lenders who will offer a mortgage on this type property?&nbsp; I've only found 3 so far.&nbsp; Farm credit requires 25% down, and I only have 5-10%.&nbsp; One local bank will do it, but at 5% down they will only give a 6% interest rate.&nbsp;&nbsp; The other is a&nbsp;small regional lender who says they can do it with interest rates&nbsp;less than 4%.&nbsp; I would&nbsp;like to have&nbsp;other options in case the deal falls through with this lender.&nbsp; Thanks&nbsp;&nbsp;&nbsp;<br \><br \>4 replies Sun, 30 Dec 2012 13:44:00 GMT http://www.zillow.com/advice-thread/Anyone-offer-mortgage-on-house-with-acreage-classified-as-agri-even-though-not-used-for-agriculture/472550/ 2012-12-30T13:44:00Z Finance in Memphis http://www.zillow.com/advice-thread/Finance-in-Memphis/415312/ I would like to&nbsp;recommend Community Mortgage for the Memphis Tn area.<br/>I think they are the best in this area and have a great reputation with the&nbsp;realtors here<br/><br/>Call or email me and I&nbsp;will give you a loan officer referral<br \><br \>0 replies Tue, 13 Sep 2011 12:18:00 GMT http://www.zillow.com/advice-thread/Finance-in-Memphis/415312/ 2011-09-13T12:18:00Z what is an recd mortgage and what is needed to quailify? http://www.zillow.com/advice-thread/what-is-an-recd-mortgage-and-what-is-needed-to-quailify/221758/ 1 reply Thu, 09 Apr 2009 21:05:00 GMT http://www.zillow.com/advice-thread/what-is-an-recd-mortgage-and-what-is-needed-to-quailify/221758/ 2009-04-09T21:05:00Z I would like to know who's the property mortgaged through. http://www.zillow.com/advice-thread/I-would-like-to-know-who%27s-the-property-mortgaged-through/373767/ 5 replies Thu, 04 Nov 2010 19:37:00 GMT http://www.zillow.com/advice-thread/I-would-like-to-know-who%27s-the-property-mortgaged-through/373767/ 2010-11-04T19:37:00Z Can we get a 30yr fixed rate at retirement age? http://www.zillow.com/advice-thread/Can-we-get-a-30yr-fixed-rate-at-retirement-age/501553/ Absolutely...... criteria for qualifying for a mortgage loan does not take age of borrower in consideration as long as borrower is legal age of 18 or older.<br \><br \>0 replies Fri, 12 Jul 2013 16:31:00 GMT http://www.zillow.com/advice-thread/Can-we-get-a-30yr-fixed-rate-at-retirement-age/501553/ 2013-07-12T16:31:00Z How can I work my mobile home loss into my modular home loan? http://www.zillow.com/advice-thread/How-can-I-work-my-mobile-home-loss-into-my-modular-home-loan/400170/ You can not get a loan greater than the appraised value of the home you are purchasing, so if you are short on the mobile's mortgage you'll have to find a different way to pay it off at closing.<br \><br \>0 replies Tue, 24 May 2011 01:46:00 GMT http://www.zillow.com/advice-thread/How-can-I-work-my-mobile-home-loss-into-my-modular-home-loan/400170/ 2011-05-24T01:46:00Z Stated Income or NIV Mortgage Program http://www.zillow.com/advice-thread/Stated-Income-or-NIV-Mortgage-Program/545395/ Do such programs still exist? &nbsp;I'm a new self employed who just bought a business in Aug 2013. &nbsp;Last yr tax doc net 55k (5 months ownership). &nbsp;If I wait till Jan 2015 to file tax then I only have 1 and half yrs of ownership, but 2014 income would be above 120k. &nbsp;I'm looking to purchase a house in the 500k range closer to my business. &nbsp;Down would be up to 20%. FICO 710.<br \><br \>2 replies Fri, 13 Jun 2014 17:02:00 GMT http://www.zillow.com/advice-thread/Stated-Income-or-NIV-Mortgage-Program/545395/ 2014-06-13T17:02:00Z want a mortgage but been discharge 1 year out of chapter 7 http://www.zillow.com/advice-thread/want-a-mortgage-but-been-discharge-1-year-out-of-chapter-7/509675/ our score is about 600. we did a chapter 7 with no mortgages invovled, Been <br/>discharge 1 year ago. Is it possible to get a mortgage now? What type? I am disable and my medicals is the reason we had to do bankruptcy.<br \><br \>1 reply Mon, 02 Sep 2013 17:44:00 GMT http://www.zillow.com/advice-thread/want-a-mortgage-but-been-discharge-1-year-out-of-chapter-7/509675/ 2013-09-02T17:44:00Z where can I find a bank or mortage company that will lend money on a mobile home with land? http://www.zillow.com/advice-thread/where-can-I-find-a-bank-or-mortage-company-that-will-lend-money-on-a-mobile-home-with-land/532784/ I don't believe banks will give you a mortgage&nbsp;on a mobile home.&nbsp;The only thing you can do is get a car loan for the mobile home.&nbsp;Good luck!&nbsp;<br \><br \>0 replies Tue, 18 Mar 2014 19:15:00 GMT http://www.zillow.com/advice-thread/where-can-I-find-a-bank-or-mortage-company-that-will-lend-money-on-a-mobile-home-with-land/532784/ 2014-03-18T19:15:00Z if my ltv is under 80% ( at 70) do i have to pay mortgage insurance ( conventional or fha)? http://www.zillow.com/advice-thread/if-my-ltv-is-under-80-at-70-do-i-have-to-pay-mortgage-insurance-conventional-or-fha/233071/ If your <a href="http://www.zillow.com/mortgage/">mortgage</a> is under 80% of value and it is a conventional mortgage you do not have to pay mortgage insurance. However, any <a href="http://www.zillow.com/mortgage/">loan</a> regardless of value has to have <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> on any FHA loan.<br \><br \>0 replies Mon, 03 Aug 2009 17:25:00 GMT http://www.zillow.com/advice-thread/if-my-ltv-is-under-80-at-70-do-i-have-to-pay-mortgage-insurance-conventional-or-fha/233071/ 2009-08-03T17:25:00Z Temporarily unemployed but have up to 50% to put down. Can we get a mortgage? http://www.zillow.com/advice-thread/Temporarily-unemployed-but-have-up-to-50-to-put-down-Can-we-get-a-mortgage/334627/ If you want the kinds of <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> and terms that are the most beneficial to you, then you&nbsp; want a conventional or FHA or other government guaranteed <a href="http://www.zillow.com/mortgage/">mortgage</a> (such as a VA or USDA). All of those are going to require income verification. You do mention that you have a small home-based business.....is there perhaps enough income from that to qualify?<br/><br/>Otherwise the rest of your options are going to reside with hard-money lenders who will charge a premium <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> for your loan, along with high fees. A local bank may be willing to do the loan if they know you and don't sell their loans to Fannie/Freddie/HUD but rather portfolio them inhouse instead.<br \><br \>0 replies Tue, 16 Mar 2010 16:29:00 GMT http://www.zillow.com/advice-thread/Temporarily-unemployed-but-have-up-to-50-to-put-down-Can-we-get-a-mortgage/334627/ 2010-03-16T16:29:00Z What is the best loan type if i would like to buy a home and live in it for 4-5 Years only. http://www.zillow.com/advice-thread/What-is-the-best-loan-type-if-i-would-like-to-buy-a-home-and-live-in-it-for-4-5-Years-only/399237/ Thanks for all the responses. I just spoke to my Mortgage Lender and here are his thoughts:<br/><br/>I told him that there is a 75-80% chance that i might sell my home in 4-5 Years and 25% chance i might stay longer (upto 10 years). He told me that a 15yr Fixed Loan would be a better option than going with a 5/1 ARM as there is not much difference in the interest rates and if in case i do stay longer than 5 years it would be a safe bet.<br/><br/>Also FYI, due to my Visa Restrictions, he told me that FHA is the only option for me and not a conventional loan(Though i am ok in doing a 20% down).<br/><br/>Any more thoughts/suggestions/advice?<br/><br/><br \><br \>0 replies Mon, 16 May 2011 22:16:00 GMT http://www.zillow.com/advice-thread/What-is-the-best-loan-type-if-i-would-like-to-buy-a-home-and-live-in-it-for-4-5-Years-only/399237/ 2011-05-16T22:16:00Z What kind of home loans should i try and apply for? http://www.zillow.com/advice-thread/What-kind-of-home-loans-should-i-try-and-apply-for/561051/ Contact a local mortgage professional and ask them about down payment assistance programs in your area that they know of. You may be able to qualify for a program that will help pay for your downpayment and closing costs. The programs will vary by region, but some of them do not need to be repaid. If you have any questions i can be reached through my zillow contact information.<br \><br \>0 replies Tue, 30 Sep 2014 16:08:00 GMT http://www.zillow.com/advice-thread/What-kind-of-home-loans-should-i-try-and-apply-for/561051/ 2014-09-30T16:08:00Z USDA Loans - How do they work?? http://www.zillow.com/advice-thread/USDA-Loans-How-do-they-work/556017/ <p>One thing that people are not mentioning is USDA is geared for Middle to lower income Customers.&nbsp; Please make sure they look at Houshold income and not just the person that is going to be on the Mortgage.&nbsp; If you have kids.. this helps,&nbsp; USDA will allow you to qualify at a higher household income bracket..</p><p>I would say if you both make less then 75k annually, then you should be just fine.</p><p>let me know if you have any questions what so ever.&nbsp; Also I have been seeing collections have been more of a issue lately.&nbsp; ( even with a GUS Accept)</p><p>make sure if you have collections, you write a good letter of explanation explaining what happend.&nbsp; if not then your loan is liable to come back denied by USDA even with a better credit score.</p><br/><br/><br \><br \>0 replies Fri, 03 Oct 2014 22:32:00 GMT http://www.zillow.com/advice-thread/USDA-Loans-How-do-they-work/556017/ 2014-10-03T22:32:00Z