Archive for the ‘Conventional Loans’ Category
Need to refinance my ARM mortgage to a Fixed…FHA Loan or Conventional?
I’ve been looking to refinance my townhouse that i have owned for about 5yrs now. I also have an equity line of credit of 30K. I just received in the mail from my credit union that they now offer FHA loans with no closing etc.. Which loan would be more beneficial to me? a FHA [...]
I am selling a condo to a person who is getting a VA Loan, what should I watch out for?
I am selling a condo to a person who is getting a VA Loan, what should I watch out for? I am very familiar with a conventional loan but this person has secured a VA Loan, what little gotchas if any are there associated with a VA loan?…thanks
How does electric baseboard heat hurt/help appraisal value and conventional loaning?
We are renovating a home that we plan to turn into a rental property. The home originally had a wall mount natural gas furnace. There is no ductwork in the home currently and no gas hookup. We are looking at upgrading the electric to 200 amp service and making everything in the home electric, therefore, [...]
Can I buy a home at auction with a USDA loan?
With all the foreclosures and auctions my husband and I are realizing we can purchase a home for a lot less than the typical listings. I’m wondering if a person can bid at auctions with a USDA pre-approval or do only conventional loans and cash buyers qualify for auctions?
What kind of loan can I get to buy a house with code violations?
I want to buy a foreclosed house that currently has code violations. I can’t get a conventional loan because of the code violations and the bank will not fix the violations because they are selling it “as is”. The code violation is with the county health department because of the septic tank. They said the [...]
My loan application is for conventional or USDA/Rural Housing. Should there be PMI, MIP funding fees?
Is this standard fees that all banks charge?
My loan application is for conventional or USDA/Rural Housing. Should there be PMI, MIP funding fees?
Is this standard fees that all banks charge?
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