Getting my property ready for appraisal

I own a property that we’re renovating before we put it out on the market. It has an inground pool that we are concerned with due to potential liability and maintenance issues. Do we fill it prior to...

Is rental income counted when applying for a loan?

I am looking at an FHA loan for a multi unit property in a hot location. Will the potential rental income be counted when applying for a loan? I live in Georgia and I still have to figure out the vacanc...

Lender is asking for me to sign a 4506c, 10 days after the loan has alre...

Do we need to boost our scores to qualify?

Our lender is saying that we need to boost our credit scores to qualify for a loan at $250k. Our income is not a problem and we don’t know what the issue is. My score is 630. We just sold our home and...

Trying to get a loan with low credit scores, what are our options?

We just sold our house recently and we want to buy a new retirement home. My husband is retired in the army with consistent income while I just got a new job. We both have poor credit but we have money ...

Working part time for 2 years, do I qualify for a loan?

Hi, I’m graduating this year and I have started working with a stable employer. I’ve been working for the past 2 years but were just part time gigs to help pay the bills. I plan to buy my first dupl...

Is there a seasoning period on a bankruptcy?

I live in Missouri and got discharged from chapter 13 last month. My family owns 5 acres of land and we want to apply for an FHA loan for construction. Is there a seasoning period on the bankruptcy or w...

Are FHA and VA loans better than conventional loans?

What are some of the lowest scores you’ve had and been approved to buy a home? What was the down payment required? I want to know what I can expect with scores in the low 500s. I’ve heard about FHA ...

Are application fees charged upfront?

Hi, this is my first time applying for a loan and I was wondering why an application fee is being charged upfront? The fee is $395 and non-refundable if we don’t close. It gets credited after closing ...

Should I pay the principal down?

I currently have a high interest rate conventional loan with 10 years left and around $180k in equity. Refinancing is not an option at this point. Should I pay the principal down? I want to get a lower ...

Being ghosted by a lender should I look for a new one?

Been working with a lender on an FHA loan with 10% down since our scores are below 580. We’ve submitted all docs necessary and we haven’t received a call back from our lender. Should we look for ano...

Considering a USDA loan and other low dp options

Considering a USDA loan and have discussed details with the broker. Credit is not the best right now with 2 open accounts namely a car loan and credit card debt. Scores are around 620 to 650 range. I am...

Can I roll closing costs via seller?

Currently closing on a house and appraisal came in higher than my offer. How do I roll some of my closing costs via the seller? Plan to tack at least $10k to the total loan amount.

Buying a second home with complications

Hi, I want to ask if it’s possible to buy a property as a primary home even if you do not work in the same state as the property? I work in New York and I’m buying in VA. My wife will live in the VA...

Need help on how to proceed in my situation

I have no idea what type of loan I need. I have been renting to own with a contract to get my own mortgage this year for the remainder of what’s owed. The home is in my name and I pay the taxes. I hav...