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Kelli Paddilla's Answers


Buy again with short sale and one 30 day late
Dear Jgarre, how long ago was your short sale? The FHA will lend 2 years after a short sale. My personal opinion is that BOA has the best programs at this time. Please let me know if I can put you in touch with someone. Thanks, Kjhomefinder.com
What are my financing options for a vacation home/second home that I plan to rent out?
20% down on current LTV, non-owner occ, conventional. Rates are not too bad right now.
will i qualify for a condo through FHA?
If you are like me and you have your heart set on condo life- simple and easy! you should first establish a monthly maximum payment and also include that condo dues can range from $120-$350. There are also some products that are not FHA, but can allow you to purchase a condo in a "non-FHA" approved...
Verification of rent?
I would go to Staple and get a receipt book and fill the monthly rental receipts out by hand and make copies for your broker, so that you can get credit for it. They may also ask for a lease agreement, but I can send you a writable lease if you do not have one.

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