Maria Silva
Conventional vs FHA - DC multi
What are the pros/cons to a 5% Conventional loan vs 3.5% FHA loan on 4-unit complex in DC? Also, just to note, it's a bit of a rehab property - probably 30k in renovations - but don't wish to do a 203k loan.Any helpfu...
Dan T.
extra bathroom and conventional loan
Hello Folks, I looking to buy a single family home (contract is going back and forth). I am going in with 20% down conventional loan, but its a bit of a fixer with a lot of cosmetics that need to be done, but is liva...
Account Closed
Foreclosures | Conventional Financing not Allowed
I'm familiarizing myself with the foreclosure market in Northern Virginia, specifically Fairfax County and I have a question on obtaining the cash for purchasing a foreclosure at auction.
This may not be unique to on...
Omar Johnson
Non Conventional Real Estate Financing
Unquestionably real estate is a big money business. If you are a quick turn real estate entrepreneur determined to be in the game for the long haul, it should not involve your money, however. Understanding financing i...
Sam Booth
Can I get conventional lending...
Can I get a conventional loan on a foreclosure home without an oven and oven hood? seller won't do any repairs. If conventional is not an option,any other types of loans that might work?
Eric Bovee
Large bank deposit-Conventional Loan
We are looking at doing a conventional loan for a property we placed an offer on. However, our lender is requesting an answer to the following question, "Where did the large bank deposit come from?" What would be an a...
Byron Broughten
DTI, Conventional Loan, HELOC, Insanity
Hello!I’ve been going slightly insane trying to figure out how debt to income ratio (DTI) factors into getting conventional financing or a HELOC on investment property. My current understanding is that cash flow posit...
Gulliver R.
Conventional Financing in Seattle area
So I'm in the process of buying a duplex in the Seattle / Puget Sound area but the banks and credit unions I've talked to are asking for a 25% down payment. Does anyone know of an institution that'll do anything lower...
Benjamin Sulka
FHA Loan vs. Conventional Loan
Hope everyone is living their dream.Regarding financing for a multifamily home, I would love to hear some recommendations from anyone. Would it make more sense to get an FHA loan at 3.5% down but have to pay PMI or to...
Kelly N.
Split Financing- conventional and seller?
Hi all,
I was wondering if it is possible to finance a house with a conventional mortgage AND seller financing. The DTI allowed by the bank is restricting our ability to borrow for the next house, but I was thinking...