Mathieu Kunigiel
VA loan residency requirements
3 November 2016 | 2 replies
Does anyone have any experience with the VA approving loans on the premise that you will move into one of the units upon 60 days of discharge for the future.
Taurice Cooper
refi, first mortgage???? What Are my options??
30 March 2015 | 8 replies
There are things you can do to increase it....You need at least a 620 credit score for conventional.A few examples:pay off collections and judgements, with an agreement that they will remove from your credit scoremake payments on timepay down debtIf you have a foreclosure, you will not get conventional financing for 7 years.If you have a bankruptcy, you have to wait 3 years from discharge for conventional.
Joseph Heath
Renting to Military
17 April 2015 | 17 replies
I served ten years in the Army, during which I spent 3 years deployed and was medically discharged in 2010.
Omar Torres
What are steps to REZONE 11 acres to RESIDENTIAL?
2 February 2022 | 4 replies
Starts with the city planning office (investigate their re-zoning procedures), then you’ll have to figure out what area is within the power easement, and delineate any waters/wetlands on the site and determine 1) if they are jurisdictional (I can almost promise you the creek is: don’t touch it or discharge any runoff into it!)
Maria Laty
moving to Ft. Hood, Texas
17 May 2013 | 6 replies
She's a Teacher, and he discharged a couple years back after a few tours of Afghanistan, but now works on base as a civilian.
Ibrahim Hughes
Question about Motion For Relief From Stay in Bankruptcy
21 August 2013 | 1 reply
During a BK, the debtor is not relieved of debt, or, the debt is not discharged until the BK plan is completed.
Matthew Haussmann
Foreclosure- Who takes the loss
13 December 2013 | 14 replies
The discharged balance is a loss and it is already realized.
Account Closed
Subject To : Seller filed a bankruptcy
31 October 2018 | 13 replies
Guessing his BK attorney said they are NOT affirming the debt meaning they are not going to make payments and they are seeking to have the BK court discharge that debt.
Ashby Tyler Cappelmann
How to reach the maximum of 10
11 May 2017 | 6 replies
A property owner can have an owner occupant property, a second home, and investment home financing and as long as it is up to 4 financed properties, standard Fannie Mae Guidelines apply.Here are the general Fannie Mae Guidelines on Conventional Loans.Minimum credit scores required to qualify for a conventional loan is 620 FICO credit scores.Maximum debt to income ratios to qualify for conventional loans is 45% DTI.Minimum down payment for owner occupied primary residential properties is 3% for first time home buyers and 5% for home buyers.Second home financing require a 10% down payment minimum.Investment home financing require 15% for single family home investment financing and 20% to 30% down payment for multi unit properties.Reserves are required on investment property financing.4 Year Waiting Period to qualify for a conventional loan after a Chapter 7 Bankruptcy discharged date.2 Year Waiting Period to qualify for conventional loan after Chapter 13 Bankruptcy discharged date.4 Year Waiting Period after short sale to qualify for a conventional loan.4 Year Waiting Period after deed in lieu of foreclosure to qualify for conventional loan.7 Year Waiting Period after foreclosure to qualify for a conventional loan.If you have a mortgage part of bankruptcy , the waiting period is four years from the discharged date of the Chapter 7 Bankruptcy and the foreclosure can be recorded at a later date after the Chapter 7 Bankruptcy discharged date.Here are the 2017 Fannie Mae 5-10 Financed Properties Guidelines:A real estate investors cannot own no more than 10 Financed Properties between one to four residential units which includes their primary home, second home, and investment homes.On a property purchase, a 25% down payment on the property purchase will be required for 1-unit property and 30% down payment will be required for 2-4 unitsCash-out refinances are not allowed past 5 properties.
Michael Avillion
Planning on renting rather than buying.
3 December 2022 | 15 replies
Buy when you are discharged or retire.