Check out these apartment creating pictures:
0801 | Drake Apartment Developing | 2009 | East Side
Image by Facility Records | MSU Physical Plant
0801 | Drake Apartment Building | 2009 | East Side
If you would like to see more properties click right here…
0802 | Howland Apartment Constructing | 2009 | South Side
Image by Facility Records | MSU Physical Plant
0802 | Howland Apartment Developing | 2009 | South Side
If you would like to see much more homes click here…
Question by reychael_rios2001: How can someone who is on disability income , look w/poor 2 no credit credit, diagnosis get a home loan?
Can a person on disability income with poor to no credit,married, combined incomes get a loan big enough to purchase a small family home with enough to pay of other debts
Best answer:
Answer by sundayschild63
If you can find a co signer that has good credit,that trusts you enough to sign for you.
Thats the only way I know of.
Add your own answer in the comments!
Question by garnegus: NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN?
HELLO EVERYONE. I SEEN A FORECLOSURE PROPERTY OWNED BY CHASE PREVIOUS BROUGHT 50Ok AND NOW SALING FOR 289k. NOW I HAVE THE CASH, sales CREDIT, capsule INCOME, approved BUT THIS PURCHASE WOULD BE MY SECOND HOME THAT I WANT TO MAKE MY PRIMARY RESIDENT. nOW MY FISRT HOME i LIVE IN , I HAVE PLACE IT ON THE MARKEFT TO SELL. I ONLY HAVE ONE PROBLEM, FHA REQUIRES THAT YOU HAVE 25% EQUITY IN YOUR HOME IN ORDER TO PURCHASE A SECOND HOME OR TO USE IT AS A RENTAL INCOME. I HAVE SOME TO CO SIGN WITH ME, BUT SHE PURCHASE A HOME LIKE ME 4 YEARS AGO AND WE BOTH HAVE NO EQUITY. SOMEONE TOLD ME TO GET A PRIVATE LOAN THEN IN 6 MOS, THEN FINACE IN 6 MONTH. DOES ANY ONE HAVE ANY EXPERIENCE WITH PRIVATE LOAN HOME PURSCHASE. I AM SO REDY TO BUY, BUT I CAN’T DUE TO NO EQUITY AND I DON’T HAVE ENOGH OF MONEY TO GO CONVENTIONAL. . ANY ADVISE?????
Best answer:
Answer by thedude81321
Firstly, you should probably take caps lock off and properly use upper and lower cases, it will get many more people to answer your question.
It sounds like you are not really in a situation to buy a home. If you don’t have enough money to go conventional, you may find that you don’t have enough money to keep paying for the house. A private loan may work, but it also could end up screwing you in the long run. If you don’t have the ability to get a conventional loan, will someone want to refinance you in 6 months? You may end up with that private loan for longer than you think.
My suggestion is to wait on this whole purchase. Unfortunately, you can’t really expect to buy a home and then turn around and sell it in just a few years. This is also a terrible time to sell, and you can’t really count on your house even selling, so if you can’t afford this new one without your house selling, you are into another issue.
Sorry to rain on your parade, but from what you’ve told me, this just doesn’t seem like a smart decision at the moment. Good luck.
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Question by jojo: I’m wanting to buy a 0, pill 000 house. How much should I expect to pay for a down payment and closing costs?
I’m getting an FHA loan which reqires 3.5% down, patient but I’ve never bought a house before so I was wondering how much to expect for closing costs.
Best answer:
Answer by Huntsman
Your estimated closing costs will be around $ 3, ed 155
Sometimes you can get a seller to pay for these costs
I googled: Closing costs calculator to get this info
Your monthly payment will be around $ 500 for a 30 year, not including property taxes and home insurance
Make sure you don’t get scammed into ARM mortgages.
Stick to a fixed rate with no points
Best investment you will ever make:
A book called Home Buying for Dummies
^ not an insult – the best $ 20 you will ever spend in your lifetime.
Get your credit reports (at no cost) at Annual Credit Report.com
If you have credit cad debt, start paying it in full each month for best credit
And get pre-approved for a mortgage if your reports are clear of mistakes
Know better? Leave your own answer in the comments!
There are no pat answers to your question concerning the closing cost. There are some sellers that are willing to pay all non recurring closing cost, while you would have to pay all recurring closing cost. Therefore when making your offer make sure you include that the seller is to pay all closing cost.
Therefore under one scenario if the seller would be willing to pay all non recurring closing cost your closing cost would be 1% of the value of the house or less.
If you are unable to get the seller to pay any closing cost normally you should find another place to purchase, but in this scenario you could pay as much as 3% of the value of the house.
You are correct about the normal down payment for a FHA mortgage loan, however, there is a FHA mortgage loan where you might be able to pay 1% down and that could be a gift. You would want to check with your mortgage loan offer about all mortgage programs you are qualified for. This is the only way you would be able to make an intelligent decision.
You would also want to check other mortgage loans in which you are qualified to include adjustable rate mortgages. Just because one person is bias or do not personally like or want an adjustable mortgage you should be aware of them so you are able to, make a decision for yourself
You might consider checking out a mortgage calculator on the internet to throw around a couple of different scenarios, which would give you a couple of variables
There are many things you should do, the first thing you should do is contact a mortgage broker that does VA, USDA, FHA and conventional mortgage loans to get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.
You will need proof of income so have available pay stubs, w-2, bank statements and other items your mortgage broker will require.
He will inform you of what is necessary once you contact him.
This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.
Once you have your pre-approval you should contact a real estate agent to look for a house for you to purchase.
If you fail to purchase a house prior to the pre-approval letter expire you may reapply and be reissued another.
I hope this has been of some benefit to you, good luck.
“FIGHT ON”