Zillow Advice RSS: Question-Discussion-Guide,Mortgage Types,MO http://www.zillow.com/advice/MO/mortgage-mortgage-types/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Looking for FHA new construction lender in Missouri http://www.zillow.com/advice-thread/Looking-for-FHA-new-construction-lender-in-Missouri/577135/ I am having a hard time locating a lender in Missouri that offers the FHA one time close new construction loan. I am about 2 hours south of St. Louis. If someone could point me in the right direction I would really appreciate it.<br/><br/>Thanks<br \><br \>2 replies Fri, 27 Feb 2015 03:08:00 GMT http://www.zillow.com/advice-thread/Looking-for-FHA-new-construction-lender-in-Missouri/577135/ 2015-02-27T03:08:00Z Are physician loans still available? http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ My wife and I are looking for a 750000-1M dollar house, with around 10-15% down. We both work, and I'm a physician, about 8 months in practice. I've found most jumbo loans are still asking for 20% down; are there "physician" loans still available?<br \><br \>12 replies Thu, 07 Mar 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ 2013-03-07T02:20:00Z Are physician loans still available? http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ My wife and I are looking for a 750000-1M dollar house, with around 10-15% down. We both work, and I'm a physician, about 8 months in practice. I've found most jumbo loans are still asking for 20% down; are there "physician" loans still available?<br \><br \>12 replies Thu, 07 Mar 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Are-physician-loans-still-available/481661/ 2013-03-07T02:20:00Z Renovation mortgage http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ <p>My wife and I are looking ot buy a new home. We are looking for something that does not need a lot of work, however,&nbsp;lot of the houses in our target area require some amount of renovation work. We have enough money to put 20% down but would not have enough to do the additional renovation work.&nbsp;Are there any loan programs that allow you to build in additional renovation costs to your new home.&nbsp;I don't want to do the FHA 203(k) because I intend to do much of the work myself.&nbsp;</p><br \><br \>8 replies Wed, 10 Apr 2013 22:22:00 GMT http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ 2013-04-10T22:22:00Z Renovation mortgage http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ <p>My wife and I are looking ot buy a new home. We are looking for something that does not need a lot of work, however,&nbsp;lot of the houses in our target area require some amount of renovation work. We have enough money to put 20% down but would not have enough to do the additional renovation work.&nbsp;Are there any loan programs that allow you to build in additional renovation costs to your new home.&nbsp;I don't want to do the FHA 203(k) because I intend to do much of the work myself.&nbsp;</p><br \><br \>8 replies Wed, 10 Apr 2013 22:22:00 GMT http://www.zillow.com/advice-thread/Renovation-mortgage/487329/ 2013-04-10T22:22:00Z Where can I get a loan for a manufactured home? http://www.zillow.com/advice-thread/Where-can-I-get-a-loan-for-a-manufactured-home/553656/ My wife and I live is Springfield, Mo and it doesn't look like we can get a loan for a mobile home. It's in a park and none of the banks finance them. Only two in the area do mobile home mortgages, but it must be on a non-leased lot with a permanent foundation. Not sure where to go... Any help is appreciated!<br \><br \>2 replies Thu, 07 Aug 2014 21:04:00 GMT http://www.zillow.com/advice-thread/Where-can-I-get-a-loan-for-a-manufactured-home/553656/ 2014-08-07T21:04:00Z Can I get a mortgage for $10,000.00? http://www.zillow.com/advice-thread/Can-I-get-a-mortgage-for-10-000-00/542289/ I am looking at a property that is priced at $10,000.00. I can put money down. I have a good credit score (730). I just don't have the full amount at my disposal. It is a Homepath property in need of rehab. But the appraisal should be at least 30,000.00.<br \><br \>3 replies Sat, 24 May 2014 03:14:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-mortgage-for-10-000-00/542289/ 2014-05-24T03:14:00Z Construction Loan? First time Buyer? 660 TransUnion? Self-Employeed - Can put 20-30% Down? FHA? http://www.zillow.com/advice-thread/Construction-Loan-First-time-Buyer-660-TransUnion-Self-Employeed-Can-put-20-30-Down-FHA/537705/ I just bought 10 acres of land outside of Belton, MO. &nbsp; and looking over the next 3-6 months to start building a house on the land. &nbsp; I have great income and a small business owner, but in 2008 due to a business partner had some hick-ups (*Which is why I started the new company, and since then Boom!).. Have been working with a Law Firm to clean the Credit up.. Currently have 660 with Transunion, 606 with Experian, and 601 with Equifax. &nbsp; Wondering if anyone knows a broker I can talk to about getting a construction loan, or might even look at the new modular homes like www.wardcraft.com to put a house on the land for my family.. &nbsp; Looking at something in the 250k range.. Would not have an issue putting 25% down or so to make this happen, and have already secured the land.. This would be a first time home purchase for me (Even though it is construction) so not sure if I would qualify for some sort of FHA loan to get this approval, and whether a normal stick built house or a new fangled modular house would make approval easier... Look forwardto hearing your thoughts on if financing is possible or even referals for mortgage brokers. &nbsp;I obviously do not want to put a million inquires on my credit as I am just getting it back headed in the right direction.. Want someone who knows how to get a loan like this done! &nbsp;Thanks - Garrett<br \><br \>5 replies Wed, 23 Apr 2014 22:01:00 GMT http://www.zillow.com/advice-thread/Construction-Loan-First-time-Buyer-660-TransUnion-Self-Employeed-Can-put-20-30-Down-FHA/537705/ 2014-04-23T22:01:00Z What are the chances of getting approved wiht a credit score of 590? http://www.zillow.com/advice-thread/What-are-the-chances-of-getting-approved-wiht-a-credit-score-of-590/472956/ <p>We have&nbsp;a steady income, decent income, but&nbsp;even though we paid off our debt our credit score is poor. &nbsp;If we put 9 grand down on a down payment for a 50,000 home loan do we have a good chance? My husband is also a Veteran but we heard we needed a credit score of 600 or ^ for a VA loan.</p><br \><br \>6 replies Thu, 03 Jan 2013 04:06:00 GMT http://www.zillow.com/advice-thread/What-are-the-chances-of-getting-approved-wiht-a-credit-score-of-590/472956/ 2013-01-03T04:06:00Z Construction Loan http://www.zillow.com/advice-thread/Construction-Loan/520963/ Hello, I live in Kirkwood, MO and I currently live in the house I plan on tearing down. &nbsp;I also plan on building a new home on the lot and selling that home upon completion. &nbsp;I currently owe around $120k on the mortgage for the existing home and the new home would cost between $225k and $250k to build. &nbsp;My real estate agent believes that I could sell the new home for between $425k and $450k.<br/><br/>My question is: Which loan is best for me?<br \><br \>2 replies Fri, 06 Dec 2013 14:33:00 GMT http://www.zillow.com/advice-thread/Construction-Loan/520963/ 2013-12-06T14:33:00Z looking for a construction loan http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ I was wondering if there are construction loans out there for a couple with &gt; $200,000 income, one with credit score of 700 and the other one with score around 580. We are looking for a loan around $480.000.<br \><br \>2 replies Sat, 21 Sep 2013 00:08:00 GMT http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ 2013-09-21T00:08:00Z Why do fixed USDA loans go up? http://www.zillow.com/advice-thread/Why-do-fixed-USDA-loans-go-up/511347/ I bought my home in 1999 signing a fixed rate USDA guaranteed loan.&nbsp; My mortgage payment was $448/mo.&nbsp; Much to my surprise my monthly payment has gone up every year since.&nbsp; My property taxes and homeowner's insurance was escrowed into the loan.&nbsp; So the USDA told me this was the reason for the increase.&nbsp; However, if I paid the escrow shortage my monthly payment would not increase.&nbsp; So every year I have paid the shortage; yet my monthly payment continued to go up.&nbsp; My mortgage payment is now $612.39/mo.&nbsp; How can this happen?&nbsp; Has anyone else experienced this with USDA?<br \><br \>5 replies Sat, 14 Sep 2013 19:16:00 GMT http://www.zillow.com/advice-thread/Why-do-fixed-USDA-loans-go-up/511347/ 2013-09-14T19:16:00Z FHA Vs Conv Loan (NO MI or NO PMI w/ 5% Down) http://www.zillow.com/advice-thread/FHA-Vs-Conv-Loan-NO-MI-or-NO-PMI-w-5-Down/491569/ OK, i am confused. I liked a property worth $360k, and i am willing to pay upto 5% as down payment, so the loan amount is $342k. As you all know FHA gives lower interests rate compared to Conv, so i am not able to decide which is best for me, in addition have&nbsp;variety&nbsp;of questions.&nbsp;My credit score is 720.<br/><br/>I have two options FHA vs Fixed both for 30yr.. I am looking for following answers:<br/><br/>1. Can i pay off FHA (PMI) upfront as single payment like we can do for Conventional loan (MI).<br/><br/>2. How is single payment upfront MI calculated for Conv loans. A lender is asking me 3% as payoff premium i.e. around $11k.<br/><br/>3. Do i have better options considering that i am actually going to spend 15-20 years at this home (long term).<br/><br/>4. I am going to pay like everyone else pay on normal pace, approx $2000/month for this property.<br/><br/><br/>I will appreciate smart, thorough and constructive answers. Thanks !!<br/><br \><br \>10 replies Thu, 09 May 2013 21:37:00 GMT http://www.zillow.com/advice-thread/FHA-Vs-Conv-Loan-NO-MI-or-NO-PMI-w-5-Down/491569/ 2013-05-09T21:37:00Z I have a bankruptcy that was discharged in sept/2011 score 675 employment great - can I get a loan? http://www.zillow.com/advice-thread/I-have-a-bankruptcy-that-was-discharged-in-sept-2011-score-675-employment-great-can-I-get-a-loan/493881/ I am looking at a fannie mae homepath property - I can't qualify for fha due to the bankruptcy until Oct. I would REALLY like to buy now - is there a loan out there for me? I have decades of steady employment, my income for our area is good and even after the bankruptcy my credit score is 675. There were extenuating circumstances to the bankruptcy but most lenders won't look even look at it.&nbsp;<br \><br \>1 reply Sat, 25 May 2013 22:59:00 GMT http://www.zillow.com/advice-thread/I-have-a-bankruptcy-that-was-discharged-in-sept-2011-score-675-employment-great-can-I-get-a-loan/493881/ 2013-05-25T22:59:00Z Is this the best I can get? http://www.zillow.com/advice-thread/Is-this-the-best-I-can-get/487068/ My lender told me this is the best option I can expect, and I want other opinions. <br/><br/>Credit score 690, gross monthly income $4,230, 5% debt-to-income ratio:<br/><br/>30 year fixed FHA loan at 4% with MHDC assistance for down payment, financing a single-owner property priced at $143,700 and a tax rate of 1.10%. Total down payment &amp; closing costs would be about $1,000, with monthly payments being $1,148.<br/><br/>Thoughts?<br \><br \>5 replies Tue, 09 Apr 2013 16:15:00 GMT http://www.zillow.com/advice-thread/Is-this-the-best-I-can-get/487068/ 2013-04-09T16:15:00Z I am self employed and have a hard time showing income. http://www.zillow.com/advice-thread/I-am-self-employed-and-have-a-hard-time-showing-income/477887/ I own a couple of investment properties and businesses. I want to take out a mortgage in a&nbsp;rule&nbsp;area and want to find out what my options are.&nbsp;<br \><br \>1 reply Sat, 09 Feb 2013 00:19:00 GMT http://www.zillow.com/advice-thread/I-am-self-employed-and-have-a-hard-time-showing-income/477887/ 2013-02-09T00:19:00Z We live in Kansas City - my mother is purchasing a home for my husband and i to live in while im in http://www.zillow.com/advice-thread/We-live-in-Kansas-City-my-mother-is-purchasing-a-home-for-my-husband-and-i-to-live-in-while-im-in/462941/ 4 replies Sat, 06 Oct 2012 16:42:00 GMT http://www.zillow.com/advice-thread/We-live-in-Kansas-City-my-mother-is-purchasing-a-home-for-my-husband-and-i-to-live-in-while-im-in/462941/ 2012-10-06T16:42:00Z My husband and I have poor credit and do not qualify for a home loan. Recently my mother said she'd http://www.zillow.com/advice-thread/My-husband-and-I-have-poor-credit-and-do-not-qualify-for-a-home-loan-Recently-my-mother-said-she%27d/457038/ 1 reply Thu, 23 Aug 2012 23:04:00 GMT http://www.zillow.com/advice-thread/My-husband-and-I-have-poor-credit-and-do-not-qualify-for-a-home-loan-Recently-my-mother-said-she%27d/457038/ 2012-08-23T23:04:00Z Own a home paid in full looking to consolidate all debt to one payment with low interest good credit http://www.zillow.com/advice-thread/Own-a-home-paid-in-full-looking-to-consolidate-all-debt-to-one-payment-with-low-interest-good-credit/455038/ 3 replies Sat, 11 Aug 2012 04:35:00 GMT http://www.zillow.com/advice-thread/Own-a-home-paid-in-full-looking-to-consolidate-all-debt-to-one-payment-with-low-interest-good-credit/455038/ 2012-08-11T04:35:00Z My husband and I found a house that we would love to buy the problem it is a hud repo and you can on http://www.zillow.com/advice-thread/My-husband-and-I-found-a-house-that-we-would-love-to-buy-the-problem-it-is-a-hud-repo-and-you-can-on/452060/ 3 replies Sat, 21 Jul 2012 23:44:00 GMT http://www.zillow.com/advice-thread/My-husband-and-I-found-a-house-that-we-would-love-to-buy-the-problem-it-is-a-hud-repo-and-you-can-on/452060/ 2012-07-21T23:44:00Z