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29 November 2018 | 3 replies
In theory it tracks with median home prices in the US, and the high balance limits are just 50% above the conforming limits.
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17 May 2020 | 24 replies
We're much more aggressive above the $510k conforming limit and our guidelines would match that of any Fannie backed lender.
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4 September 2019 | 3 replies
I made it so it is ease to read and understand, no tricks or long agent's contract, it's to the point - sellers like and trust it and me.From the first telephone call from a seller to the settlement table, it is about 7 weeks (PAY DAY).keep it simple- be honest about what you are doing, make full disclosures and do it often.I advertise that I buy houses, commercial, lots, land and non-conforming properties.You need to create and tell your story, people like to do business with those they understand and know a little history about, here is my story as told on the telephone before make the appointment, "Mr.
9 September 2019 | 2 replies
My husband and I own a duplex outright in Tacoma, the duplex has a third non-conforming unit in the basement.
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25 June 2020 | 7 replies
Conforming loanHow did you add value to the deal?
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17 July 2020 | 13 replies
Conforming loans such as a conventional, FHA, etc are for residential customers.
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10 September 2020 | 11 replies
Due to the long vacancy the lose their non-conforming condition and you have to file appeals in attempts to get it, so double check this before you jump down the hole.
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5 July 2020 | 3 replies
I'm considering buying a 6-plex that's currently operating as a non-conforming use.
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25 July 2021 | 2 replies
Also, legal entities such as LLC's are not eligible for conforming residential loans, so you will have to use commercial financing.
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27 May 2020 | 3 replies
Most conventional loans conform underwriting standards and are backed by Fannie Mae or Freddie Mac.