Home Equity Loans Arizona » Qualify

How many miles can 1 VA home be from another to qualify for 2 VA loans.?

Editor — Thu, 29 Jul 2010 17:49:17 +0000

I remember that back in the day there was a 100 or 200 mile rule where you can have 2 VA loans, but the homes can’t be close to one another. Is there a new rule for miles.. do you know what that would be? (in Texas)

Illegal immigrants have been getting home loans from banks in the USA for how long? And how many subprime?
Why was it easy to qualify for home loans when prices were so high but now that they’re low it’s so impossible?
How did democrats force bankers to give home loans to those who didn’t qualify? ?
I want to broker auto loans from my home office, but have no ideal how to get started… advice, please!?

Do I qualify for the government rebate for refinancing my home loan? Seems just like buying a home to me.?

Editor — Sun, 25 Jul 2010 15:47:39 +0000

Can I qualify for a home loan?

Editor — Mon, 19 Jul 2010 06:47:36 +0000

I’ve been working at the same place for a little over a year, making roughly 2500 a month. My wife is graduating this summer with her masters in teaching so we will be making a lot more soon. We have about 20k saved, but don’t want to use all of it for a down payment probably 15k so we have some covering us. My score is around 790 and hers is close to 750. Can we qualify for 200k? 250k? or should we wait until Jan so I’ll have been employed two years and we’ll be bringing home roughly 5.5k combined a month? We have no debt other than student loans, mine is at 11k and I’m paying 120 a month, hers is still in deferment until she graduates + 6 months, so next January.

What circumstances would qualify a home foreclosure over a Short sale?

Editor — Fri, 16 Jul 2010 08:49:16 +0000

What would qualify a home foreclosure to be better than a quick sale?
I have a home with little to no equity: if I short sale I would be required to pay back the difference to the bank. Would It be better for me to just let the house foreclose?

Why was it easy to qualify for home loans when prices were so high but now that they’re low it’s so impossible?

Editor — Thu, 08 Jul 2010 19:48:32 +0000

It’s such a scam. I easily qualified for a pricey place a few years ago, and now that prices are so low and people can honestly afford the lower payments, they have made it impossible for people to qualify and all the fat investors are gobbling up everything with cash. Is it a scam or what?
For example I will be going into foreclosure on my condo with a mortgage of over 380K on it and is worth 160K now but I wouldn’t qualify to move into a 160K condo today when that’s what I could afford and not miss payments on, and instead all the investors are picking them up. It makes no sense.

looking at lending tree.com to find a home loan? do i need to qualify for a loan first?

Editor — Wed, 07 Jul 2010 02:47:48 +0000

or search for a home around the area i want to live? i’m a first time home buyer?

Can we qualify for a home loan with these scores?

Editor — Mon, 28 Jun 2010 08:48:00 +0000

I have a middle score of 637, and my boyfriend has a 577, both with credit cards with high balances so I am sure they will go up a little if we pay them off. He has some collections from a few years ago, one from an apt. I make around 26k a year and he makes about45k a year. He is in the business of building homes and he runs a store that sells the materials needed so he has good friends that would build us a home and give us lots of equity. We are looking to get around 150 to 170k to build. Do you think it is possible, or do you know of any loans that would work?
Yes he has collections owed, and we havent always made this much money. We moved here for his job, and he doesnt actually do the construction. He runs a store similar to home depot and has job security like no other (he will never lose his job.) The credit card debt will be paid off probably this month or next month, thats why I said our scores would probably go up. Thanks for all the replies

How long after a short sale can you qualify for a home loan?

Editor — Thu, 17 Jun 2010 21:51:14 +0000

I was curious, how long after a short sale in the state of Florida can you qualify for a new loan at a reasonable interest rate? My boyfriend has had the short sale, and I have not, and would be a first time home buyer with excellent credit. When do you think we could qualify with his situation?
I know. The spam sucks!!!!!!!!!

Can I go to a bank to see how much of a home loan I would qualify for?

Editor — Mon, 07 Jun 2010 10:48:08 +0000

Hi, is it possible to go to a bank to see how much of a home loan I would qualify for? I don’t want to buy a home now though, and don’t want to be pressured into any loans either, just want to know how much I would qualify for….would they help me out or not want to waste their time with this?

Thanks!

How to qualify for a 40 year mortgage?

Editor — Fri, 28 May 2010 19:47:44 +0000

So, My brother is a truck driver and makes about $40,000 a year after everything is taken out. He makes about 3,200 monthly. He wants to buy a home nearby that he really loved, 3 acres, big house, guest house, its worth $420,000 according to Zillow.com & it’s listed for $270,000 as a short sale.
He was only qualified for $205,000 on a 30 year mortgage. Will it make a big difference if he asks about a 40 year mortgage?

Another thing: My parents really want him to buy the house because we might loose our current one [the bank will not help my parents because they are not behind on any payments] and if my brother buys the house, my parents can take the main house and my brother the guest house and my parents can pay most of the mortgage.

The one we are in now was $259,000 in Jan. of 2006, and now its valued at $116,000.

So what other ways can he qualify for a $270.000 loan?

How often does a home loan pre qualify approvall get denied at closing time?

Editor — Thu, 27 May 2010 23:48:11 +0000

I got pre qualified for a home loan, my credit and debt to income ratios are good according to my realtor, how often do you see a pre qual that gets denied, I’m just worried becuase I know how today’s economy is, eventhough it’s getting better… I am applying for an FHA loan

I tried to apply for a home loan through lending tree, they said I did not qualify due to requested amount?

Editor — Sun, 23 May 2010 08:47:13 +0000

Can I turn them in under Equal Lending Laws? In essence, they are saying because I cannot afford a more expensive house, I cannot have a loan. They did not even consider my credit worthiness or debt ratios.
BTW…I was requesting 80,000 for a primary residence.
Also, if you are answering no, can you tell me the loop hole that get them around denying based upon the amount requested.
I was just going through the pre-qual process…when I said I was only looking at 80k range they said it was too low.

Will a home equity loan qualify us for the 1st time buyer tax credit?

Editor — Wed, 19 May 2010 10:34:36 +0000

We were put on the deed of a home while we were “renting to own” (1 yr) then all of a sudden the landlord wanted the rest of the cash. So we got out a home equity loan with the house to pay him what we owed him. Would this qualify us for the First-Time Buyer Tax Credit?

How did democrats force bankers to give home loans to those who didn’t qualify? ?

Editor — Mon, 17 May 2010 12:47:10 +0000

What EXACTLY did the dems do?
As I understand it redlining prohibited restriction of loans to specific areas. I don’t think it had anything to do with forcing bankers to give loans to unqualified borrowers.

When you qualify for a home loan, can you take out credit after without it counting against you?

Editor — Sun, 09 May 2010 04:49:06 +0000

Or do they re-check before everything finalizes?

I’m contemplating buying a home with my husband and we may need cash on hand for closing costs, appraisals, etc, and we were wondering if we can get qualified for the home, start to get it, and then if we need to put stuff on the credit card if we can? Or would it be better to just get a cash advance from my line FIRST, thus lowering the original amount of money we qualify for with the loan. Thanks.

Will we qualify for a va home loan using our self-employment income?

Editor — Sat, 08 May 2010 02:47:34 +0000

We will be getting pre-approved for our first home in the New Year 2010. My husband I both have self-employment income (we will be giving 2 years of taxes for 2009 and 2008). My husband has made roughly $40,000 in W-2 income, and I make about $100,000 in self-employment income per year. Credit scores are 750 and 700. I want opinions because we hear about how hard it is for self-employed individuals to qualify for a home loan, but is that just for stated income, not when we provide 2 years of taxes?

We have no debt- we have paid off both vehicles and no credit card debt.

Thank you for your replies.

What is the difference between pre aproval and pre qualify in home loan?

Editor — Fri, 07 May 2010 01:48:23 +0000

I keep seeing people talking about being pre approved for a home loan or being pre qualified, one being quicker and easier than the other. What is the difference/benifit of the two?

what is the most i could qualify for? I’m thinking of a FHA loan. I’m a first time home owner.?

Editor — Thu, 06 May 2010 17:47:20 +0000

I make $40,000 a year
I have no monthly debt
My credit score is 700
I was thinking of puting 3 or 5% down.
Do you think it’s possible for a home loan around 190,000

$8000 Homeowners Tax – If I purchased a home in 2006 and refinanced it in 2009, Do I qualify for the credit?

Editor — Thu, 06 May 2010 04:47:22 +0000

Can I still get the $8000 first time Home Buyer credit if I purchased my home in 2006 but received a modification from my mortgage company in 2/2009 so my loan has stated over again). It has still been under 3 years that I have had the home.

Is there any lenders out there that can qualify 1st time home buyer with a FHA loan, no money down purchase?

Editor — Wed, 05 May 2010 20:47:43 +0000

1st time home buyer looking for 100% percent financing on a 350k loan in california credit is 640 and 600 income is 6000 per month combined.

I have a house worth about $8000 and I have bad credit.Will i qualify for a home equity loan?

Editor — Fri, 30 Apr 2010 12:35:01 +0000

I live in Texas.I need to do home improvements.
its not a trailer.I dont have any credit cards either.
I don’t owe it
I believe that s how much its worth because thats what my tax statement says.Is this the value?

How to better qualify for home loan? (student loans)?

Editor — Mon, 26 Apr 2010 14:50:29 +0000

My question is in general qualifying for home loans. Firstly, I am just leaving graduate school at 26 with a Ph.D. and my wife and I would like to live in California bay area. Most of my job prospects are lining up around 100K per year. My wife is a stay-at-home mom for a few years bc we just had a baby and that was her choice.

Now, for undergrad and grad school I took out ~50K in student loans. For my wife’s undergrad education degree she took out 40K in loans. Would I be better off to put the loans on 30 year repayment plans so it looks like we have less to pay each month? Would this help to qualify for a home loan?

Second, I am blown away by how much money you are supposed to make to qualify for a home loan. Most “starter” homes around here are about 500K. Based on the online calculators I’ve tried, I would need to make over 150,000 per year to qualify for the loan (closer to 170,000 per year if I say I am paying our student loans off in the normal 10 years, is this correct?! Who in the world makes that much money?? It blows me away because there are many many neighborhoods FULL of these houses and families living in them, how could everybody be making this much money? I thought I was doing fairly well…
Well, the breakdown was this:
Pay For Monthly
5 yrs $1842
10yrs $1076
20yrs $714
30yrs $610
I guess my rush to get into a house is just that – the market has finally gotten to a point I might be able to jump in, but I doubt it will all too much longer, maybe another year or so b4 it will bounce up.

How long must you be in the navy to qualify for the no down payment loan?

Editor — Sat, 24 Apr 2010 20:51:54 +0000

I have heard that when you join the navy you can get a home loan with no down payment…This sounds a little unrealistic to me, but maybe its true? if not, does the navy help with getting a loan for a home at all? and finally, how long do you have to be in the navy before you can qualify for such loans? can it be straight out of boot camp? any help on this issue and related to home buying through the navy would be great, thanks.

I helped someone refinance, do I still qualify for a first time home loan?

Editor — Sun, 18 Apr 2010 02:49:43 +0000

I helped my parents refinance their home a few years ago, and now I want to buy my own place. Will I still qualify for a first time home loan?

My husband and I Almost lost our home in foreclosure in 2009. We did refinance, will we qualify for the credit?

Editor — Sun, 18 Apr 2010 02:49:43 +0000

After struggling to keep our home the mortgage company called it a re-negotiated loan. I am afraid we wont be able to qualify for the tax credit. 2009 was a hard year for our family.

can i still qualify for home loan?

Editor — Fri, 16 Apr 2010 03:47:22 +0000

my husband and i have school loans mine is in deferrment at the moment i will be going back to online classes this fall and he is currently in school right now and will be until probably aug of ‘09 so his sallie mae will also be in deferrment. my question is how does this affect what a person will qualify for in a mortgage? will the fact that you are not making payments affect your debt to income ration? hurt or help? would it be better to pay some of it down so that my payments will be lower when i do apply for home loan some good info would be helpful for my financial planning ? Thanks!

How much of a home loan can I qualify for? Most “affordability” calculators online show a low loan amount.

Editor — Wed, 14 Apr 2010 16:52:14 +0000

My husband and I live in Southern California and we are planning on getting pre-qualified for a home soon. I want to know what to expect as far as the amount of a home loan we can qualify for. My husband and I’s net income is about $90k per year together. Our credit scores are both between 720 and 735. We have no credit card debt or student loans. Our only monthly debt is our vehicles, which combined is $950 a month. Online affordability calculators show a loan amount around $230 – $250k, which is pretty crappy for homes in southern California. How accurate are these calculators? Could we qualify for more?
We have about $15,000 to put towards down payment and closing costs now and we hope to have another $5k at least buy the time we buy.

Would I qualify for a Home Equity Loan?

Editor — Sun, 11 Apr 2010 15:48:12 +0000

I purchased a home for $220,000 three months ago (March). I put 10% down ($22,000) and financed $198,000 on a 30-year fixed mortgage. I have excellent credit and excellent history. My question is if I am able to pull some equity out of my home (which appraised for $230,000) this soon or not? I’d like to pull around $15,000 out. Is this feasible? If not how much would I qualify for if any?

Will an equifax credit score of 626 qualify me for 100% financing on a home loan w/closing costs?

Editor — Sun, 11 Apr 2010 08:47:21 +0000

I have been approved for an FHA loan in which I have to bring 3% to the table. The home was appraised $6000 less than what I originally offered. He does not want to come down on his price because he will not be able to pay off his current mortgage, of which he will be about $6000 short after closing costs and fees with price being at the appraised value. He is currently trying to work out a deal with his lender to give him a short sale on the house. Since all of this has transpired, I have increased my credit score to the point that I am able to qualify for more mortgage programs. Should I check with some local companies to get into a better program with less fess than a the broker I used? Im somewhat leery of doing this because I don’t want my current l mortgage company to see that I was shopping around if we would close under the current terms. And I don’t want any inquiries to hurt my score. I WANT THIS HOUSE. Any suggestions on making this deal work would be appreciated.

What credit score do you need to qualify for an FHA mortgage refinance?

Editor — Sat, 10 Apr 2010 13:47:49 +0000

My husband has a 610 and I have a 683. We have 10% equity in our home. Our current lender says he needs a 620 to qualify for FHA (but a few months ago when his credit was 577 the lender said it just had to be 580). Are they trying to play us for fools here?