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Hello,

i have a question regarding if there is a loan program out there that will work for me.

i have two properties that are rentals in texas.

I’d like to purchase a primary residence owner occupied property in California.

I have $190k to put down.

i am open to purchase a property $450k to $600k price range.

Are there any stated income loans with 60% ltv or 80% ltv out there?

any portfolio lenders?

Thank you for your help

-shawn

Am on the deed with exwife, she holds the note alone. Have been making the payments since she left in 05, kept property from being forclosed on in 07.
Tried to refinance (Countrywide originally, now Bank of America………..as if it couldn’t get any worse!!!) took 3 months, nothing started raising hell, they end up telling me to provide payment history that I had made payments on the note for the past year, two years……….so they could post on my credit report, would take time, no guarant…

1-Lost job in 05 due to closures-had to relocate

2-sold that house at lost, purchased new house in 2005
3-Dec 07 another job office closure-lost job,got rehired by previous co 5 months later but 800 miles away.(still had house and making payments on it and apt(in apt had a mattress, coffee pot and lawn chair-all furn still in house-didn’t see my house for 15 months

4-Got transfer back to Florida June 09 but still round trip is 170 miles-Creates a 3 1/2 hr commute -Work 10-12 days, so re…

Need a lender for 40k a year and poor credit. The Marks against them is three late payments. They paid everything off as of 2 months ago except for one payment. It’s a 250 a mo payment and the only other payments is rent and utilities. What can I tell them?

Hi George,

I’m a first time homebuyer and want to take out a FHA home loan. I have heard that credit score is not given much importance while a borrower applies for a short sale. But again I found that some lenders want a credit score of 580 while some want borrowers to have a score of 620. Can you please clarify as to what is the exact score required for a FHA loan.

Thanks for your help.

My husband and I are looking at buying the place we are currently renting. We would like to know the pros and cons on buying out right versus having a mortage.
Currently the owner of the place will do owner fiancing. Now one thing we would like to know about is writing off on taxes. (Hope I stated that correctly.)
Would we be able to write anything off on our taxes with the owner financing it? And would we be able to write anything off if we bought it out right? Which would be the better way…

what happens if the person i sign for as a co borrower defaults

We filed a chapter 7 BK almost two years ago and included our house. We expected a foreclosure within several months, so when we found a good rental, we moved. Now the property is in disrepair (weeds, doors removed, etc) and we are being held responsable for repairs or get fined. Is there any way to get the bank to take the property? If we could afford the upkeep on two homes we wouldn’t be in this situation in the first place. It occured to me that maybe we could do a deed-in-lieu, but I a…

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Hi, How long does my ex-girlfriend have to pay me for my half of the property after I sign and return this to her lawyer ? I emailed the lawyer three times and he has not responded to my question . If I sign and return without a answer from them and they do not pay me would I have to take them to court ? They have put the selling price on the deed they sent me . Thank-you for your help.