Financing

Mar
18

Need assistance financing a home in Illinois

admin on March 18th, 2012

Hi all, I’m seeking financing options for a single family home in the chicagoland area. I have a middle score in the 620′s and was told the FHA requirement is now 640. I want to know if anyone had information on financing a home with a credit score in the 600′s. I have an income [...]

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Buying A Home 3 Comments »
May
31

Buying a Condo with FHA insured financing? Is the project still approved?

admin on May 31st, 2011

Quite a few of the HUD approved condo projects eligible for FHA financing are going to lose that designation shortly. If you intend to purchase a condo in the coming months and will be using FHA insured financing, best to have your ZipRealty Realtor see when the HUD approval expires for the project you’re interested [...]

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Mortgages & Financing No comments »
Dec
24

Financing for mixed-use properties

admin on December 24th, 2010

I’m looking to buy a condo in a building that is 37% commercially owned.   Because of this high commercial ownership, I cannot seem to get conventional loans (FHA, 30 yr fixed) as a lot of financial institutions consider this type of loan as risky (dunno why).   Can anybody recommend a lender / broker [...]

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Mortgages & Financing No comments »
Dec
25

Re: Seller Financing Guidelines

admin on December 25th, 2007

been reading the recent newspaper article on the financing of the seller Need some guidance as to say a house for $ 300K. how to determine% less; how to determine the rate%, with a 4.5% benchmark 30-year conventional, solid and the recommended length before the balloon payment is style = “float: left; margin: 5px; font-size: [...]

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Mortgages & Financing 10 Comments »