I have to compare total housing and other obligations to make sure they meet 45-50% debt to income ratios (max)- Do we have enough funds to buy out the spouse and to close this transaction + is their enough funds for reserves as required by the automated approval from fannie mae if anyOnce I've examined the above you're good to go assuming you'll be residing in this residence still post buying your ex-spouse out.

Thanks Nick,The reason I'm stuck on FHA is the lower downpayment and I figured, easier approval of a loan.

Its just above the main historic district where you have to get tear downs approved by the Board of Architectural Review.

About an hour ago I as going to ask a simple question in regards to how might getting approved in parks works.

that way you have access to the full amount approved for, but only pay interest on the amount you have pulled out at any one time. 

We are about to receive the approval letter on both and I had a funding question.  

In my area there are 2 new subdivision under construction.  Developer says we can put a refundable deposit down.  Is it possible to profit this way?  Any laws that would prohibit this activity?  The town is in major g...

Section 8 is great but expect to wait months for them to approve you.  

Talk to the title co. about doing a straight assignment, not adding them (which would require seller approval) to the contract.

They all need minor tlc, nothing major.My bank approved me for the loan amount.