Can I convert my FHA loan into a conventional loan?
No you cannot, unless you do a conventional refinance. If you are trying to get out of the monthly mortgage insurance it may pay you to refinance the fha loan, depending upon your current loan interest rate and other loan qualification factors. You may reach me at 8593124311. I am a mortgage banker...

I had a buyer back out of our contract after the home inspection. He did not give any reasons tho. Should I try to request a copy of the inspection and fix the problems?
The buyer has to provide the seller with specific reason(s0 they are backing out of the contract (in writing). Otherwise the seller can keep the earnest money deposit the buyer provided with the final purchase contract. Since I am a lender and not a real estate agent, you should consult yoyr realtor, if...

What do I need to qualify for USDA loan
The USDA home home is one of the best 100% purchase loans out there. You must have a 620 middle credit score, be under the household income guideline limit, and meet other program qualifying guidelines. Give me a call and I can quickly determine if you are eligible to use the program, and if you do not meet...

How long would a prequalification be good for if i'm not ready to buy yet?
To make it simple, a preapproval is good until you, or circumstances that affect your income/employment, assets, credit or interest rate / lenders programs change that would make you no longer qualify. Typically a realtor will want a pre-approval letter dated within the last 30 days to attach to an...

Removing ex spouse from the mortgage
Yes you will need to refinance. As long as your debt ratio is ok using your income alone, and obviously credit etc ok, you should be fine. You can start the refinance before the divorce is finalized (assuming you have already filed), but the final decree has to be provided before we can close.I also assume...

LTV required on a $250K duplex investment property?
If the property is a rental, Fannie Mae or Freddie Mac (conventional loans) will limit you to70% loan to value. Advise if I can be of assistance.Rusty Brown in Lexington KY859-312-4311

Would I be able to get a 2 unit home, 30 yr fixed NOT FHA?
We have a 3.0% down payment conventional purchase program. Negotiate to have the seller pay most or all of your closing costs and prepaids and you can get in the home for 3% plus the costs of the pest inspection $75 est, Home Inspection $400 est and appraisal $385 est. 680 middle credit score required....

nationstar mortgage misapplied payments, returned my payment to my bank account
I suggest you gather all of your bank statements and copies of cleared checks for every month since the first misapplied funds occurred by Nationstar to current date. You need to have a spreadsheet showing the payment due dates and the date of when you sent in each respective payment. If they have made...