Income determination question

So, I understand that income from the last two years is taken into account when applying for a mortgage preapproval, etc. My question is, are W2s the only method by which income is calculated? I ask be...

I get no FHA - but why would a seller care if 10%, 20%, or 25%?

If an all-cash offer didn't come in and wipe out all other offers on a house, why would a seller (including, but not limited to banks, so if you have a different motive for each, I'd love to hear) care ...

downpayment requirement -- historically?

Currently, one can get an FHA loan with as little as 5% (or less?) down. During the bubble, there were zero-down loans.What were down payment requirements before all that? In the 90s, 80s, 70s, 60s...?A...

Type your mortgage or real estate question here lloking to refinance

Type the details of your question here looking to refinance

I have a commercial project in PA I need down payment assistance with. I...

I have a commercial project in PA I need down payment assistance with. I...

Commission on short sales

I'm looking at offering on a short sale, and trying to decide if I should involve a buyer agent or not. The only reason I can think of needing a buyer agent for is to help a bit with the offer process ...

Buying home with IN LAW,share costs??

HI guys,I just bought a home with inlaw, I need help with unbiased opinions.1)in law downpayment 40,0002)My downpayment 21,0003)I will spend 19000 to remodel house3)on Title= 1/3 me, 1/3 husband, 1/3 in...

Currently have a USDA loan and needing to refinance...

My wife and I currently have a USDA mortgage loan (30 years @ 5.5%) and we would like to refinance due to the very low rates and the fact that we are beginning to feel the pinch of rising real estate ta...

Is anyone writing small (375k) commercial 15 yr fixed rate mortgages in ...

I've talked to upward of 30 banks, credit unions, financial lenders and does not seem anyone is interested. If this was a 4plex I'd have rates in the 4's. If it were $1,000,000 loan i'd have rates in ...

FHA Conforming above $417,000 (DC) rates

Hi all!Thanks in advance for the responses. I am trying to understand the differences between likely rates for these scenarios and I can't seem to find good information on what happens with rates when y...

Will my student loans lower the amount I am pre-aproved for?

I know that any payment towards debt will reduce my buying power, however my husband and I are both full time students. We both work full time as well. My husband will be done with school in two years. ...

Loan Contingency Removal Question

I am in the escrow of buying a condo as a first time buyer. The seller asked me to provide Lender's written Loan Approval and remove the loan contingency (actually all the contingencies) within 17 days ...

Are there any options out there that require less than 15% down?

As the market is falling all around us, and we have to lower the price of our home to try to sell it, that means that the cash that we get to put towards a new home is going to be less. What options are...

FHA Spot Approval

Hello to all the lenders, buyers and agents out there, I've got a question regarding FHA spot approval. Has anyone done any spot approvals recently and how difficult has the process been? Do lenders typ...