Mike Lee
Conventional loan possible?
Hi Guys,
I was wondering for sellers that aren't that motivated to sell so quickly, will it be okay to negotiate pay terms for a conventional loan? I figure that it will save my buyers money over a hard money loan, ...
Kris Lamb
Conventional loan advice.
So we just got an offer on our house for 299,000 . the buyer showed paperwork 299,000 purchase price 15% down loan amount 254,000. Conventional Loan.
We had an offer before of 305,000 but fell thru because a shitty ...
Crosby Afolabi
FHA to Conventional
Hi everyone,I’m thinking of refinancing from FHA to a conventional loan. If I do this, would I be able to purchase another property later on and qualify for another FHA loan?Thanks.
Mel Sims
Conventional 20% Down
Hi, I have a date set in mind to buy my first property to start my investment portfolio, but here’s the thing: I plan on buying my first home with FHA within the next few months. I know I cannot have more than one FHA...
Jameson Waltz
FHA From Conventional
I am in the middle of selling my current home and buying my new home. Things have been going pretty smooth aside from the fact that the buyers side have been a little more than needy in regards to this home. My home i...
Account Closed
FHA vs Conventional
I understand that you are only allowed to have one FHA mortgage open at a time, in order to prevent the use of FHA loans for investment properties. I also know that FHA loans are mainly meant for first time home bu...
Nick Williams
Old Motel Convention
Looking for any help/advice.
There is a old 1968, 37 unit motel for sale in my town for 650k. The borough assessment is 736k and when it was appraised in 2003 it was 725k. It is still in operation but is in very poor...
Ryan Keenan
Conventional loan brrr
Hello BP, is it possible to use the brrr starting off with a 15% down loan owner occupied fixing and refi out? Has anyone done this will it work?Thanks!Ryan
Shawn Gardner
FHA vs Conventional
Hi, I’m in the process of selling my first flip and it’s been one thing after another with the buyers lender. The buyer has an FHA loan and I’m curious to know is there a difference in between FHA vs Conventional loan...
Joe Splitrock
Conventional Loan Limits
I am looking to acquire a 4 unit property that is selling for $750,000. My lender is telling me for conventional financing at 30 year term that there is a maximum loan limit of $453,100. So I would need to come up wit...