Tyler Rowland
$20,000 First Time Homebuyer Assistance Program
Today, I wanted to highlight some of the features for the First-Time Homebuyer Assistance Program in Utah. There has been a lot of Buzz about this program and what it does for first time homebuyers and when it is appr...
Ephryn Thompson
Help with purchasing first multi-family home
We are approved for $145K in the central Florida area and have been looking for a multi-family dwelling to purchase. We have been searching for several months and have been having little to no luck. We want to do an...
Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Farah A.
Primary, Second Home or Investment property?
Hi all, I would appreciate any guidance on my situation. Last year My brother and I co-bought a house for my family to live at iin CA, since then ive relocated to TX and I am currently renting an apt. I didn’t actual...
Nathaniel Donnelly
Rental Property Paid Off - HEL to Buy Another?
All,
I am in San Diego and currently in a refi with the home I live in that will include paying off one of my rental properties. It would probably appraise at $240k to $250k and I am currently renting it out at $150...
Lynn McGeein
Anyone else doing refi w new special FHA Streamline?
We are doing the new FHA Streamline refi for homes pre-July 2009 with the .01 funding fee and less monthly MIP. Just wondering if anyone else is having unexpected issues pop up. Already surprised as it was supposed ...
Mattaniah Yip
Underwriter denied me for potential owner occupancy fraud
Hey guys! My husband and I currently own an owner occupied duplex in Los Angeles. We found another duplex .6 miles away we planned move into and finance via FHA. We were in escrow for about 20 days and everything se...
John Shoup
Portfolio loan preventing Fannie Mae loan
Do we have any underwriters that can help? I have zero mortgages in my personal name, but I have a portfolio loan under my sole owned LLC, in which I'm NOT a personal guarantor. Because I have "ownership interest" ...
Matthew Horstmyer
Using VA Loan 2nd Time
Rundown: I own two homes. One is my primary residence purchased using the VA loan in 2019. The second home is my first rental using a conventional loan for an investment property. I’m separating from service next sum...
Spenser Harding
5% down on an investment
Working in a bank, I have talked to many mortgage pros on financing options for investment properties. Since I used the conventional 5% down with pmi on my primary residence in 2012, I wondered if it was possible to g...