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1 July 2024 | 0 replies
Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).
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2 July 2024 | 3 replies
Seller Financing on Market Properties:- Yes, it can be used for on-market properties with motivated sellers.I am a Loan Officer licensed in multiple states, so if you would like to discuss further please feel free to reach out to me directly!
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2 July 2024 | 0 replies
Everything else in the area is selling for 440-460k and still needs 40-50k in cosmetic rehabOur client is putting 10% and using an FHA loan.
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1 July 2024 | 22 replies
In theory after you have made timely payments on their loan that should be considered, but in practice I have yet to find a loan a officer that can package it so their underwriters will except it.
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29 June 2024 | 2 replies
After the credit score is built I want to get an FHA loan for house hacking, I know that you need a job history to apply, but here is my question "Does the job history from my country matter in the USA as a 17 years old or in general as an adult for an FHA loan?
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1 July 2024 | 9 replies
I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan.
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2 July 2024 | 108 replies
If underwriters deny his loan the sellers stays high and dry.
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1 July 2024 | 7 replies
The sell that non-profit agencies do is that there is on-going support for these recipients to improve their credit.
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1 July 2024 | 1 reply
I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simple Start or Essentials versions to be used.As a private lender I’ve been using Customer for borrower and Job for each borrower loan … seems to work.
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1 July 2024 | 6 replies
@Trey Campagna without knowing much about your situation I'd say the first thing to do is to use a VA loan to buy a primary residence with as little money down as possible and the lowest interest rate available.