Rachel Murphy
Debt-income ratio too high for loan approval
Hello everyone,I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT consid...
Caleb Smith
Proof of moving into FHA, for loan approval
Scenario: I’m trying to use the FHA loan strategy to acquire a home each year. Personal credit is great, and my primary residence has plenty of equity, and income is sufficient for purchase of additional home.Problem:...
Amanda L.
Approval for a loan if your on unemployment?
Have proper savings. On unemployment because of corona, work in event spaces with crowds in NYC so not sure when I'll be allowed to work again. Curious if I have a chance at being approved for a loan to buy my first r...
Lakshay G.
Household Income Versus My personal income, loan approval.
Hello there,I am working on my New Year Resolution, which is purchasing a buy and hold property :) I have a general question. So my household income (my spouse and mine) is good enough (above $75K) to get money from h...
Dimitri Paspalaris
How long is pre approved loan good for?
Question can I use an approved mortgage like a preapproved car loan and shop around or do I need to actually have a property and offer done? If this is true how long is the preapproved mortgage good for. I am new to t...
Randy Pierre
How to get pre-approved for FHA loan
I'm in Miami Florida I want to what are the steps to get pre-approved for FHA loan
Matthew Miller
Loan fell through after two separate pre approvals
So I had a house under contract. Nice two family as a house hack. After two separate pre approvals from two different lenders. House was under contract. I paid for FHA appraisal and an inspection and gave my deposit. ...
Brian Elston
Loan Approval question for House Hack in Vegas.
How much money from a loan can i reasonably expect to acquire for House Hacks/ in Las Vegas? My experian credit is Fair but still slight below 600 ( won't apply till i'm atleast 620 for less interest etc) however it's...
Naj Brock
Pre-approval on a loan less than 100k
Hello everyone, I’m inquiring on if i need pre-approval letter to get a mortgage for rental property less than 100k? I intend on using a small community bank or a credit union. I have the down payment and my credit is...
Steven Cobb
Being Approved for & Using a 203k Loan
I’ve heard of using a FHA 203k loan for a house that needs to be rehabbed. Does anyone here know much about this type of loan?1) What types of homes qualify for this loan?2) How easy is it to secure this type of loan?...