What is the waiting period for FHA loan after a chapter 7?

I filed a chapter 7 after my divorce and gave up my home. The bankruptcy was discharged 2 years ago and I want to know how long I have to wait for obtaining an FHA loan? When does the waiting period begin?

How long does an appraisal report last?

I am applying for a conventional loan and would like to know how long an appraisal report is good for? Loan is taking a while to close and I want to know if the appraisal is expiring. What do I do to ex...

Any lenders who can approve in my case?

Hi everyone! I wanted to get a HELOC but when I called my lender they turned me down because my home is in a revocable living trust. I live here and I am the trustee. I only put it in trust to keep it o...

Do I need 2 years of work experience to qualify?

My wife and I plan to apply for a loan in a few months. I have been working with the same company for 3 years while my husband is with the same employer for a year and was doing contracting for 8 months...

Done with renting and now excited to buy first home

I finally decided to get out of renting and buy my own studio apartment. Before I proceed I need to pay off debts. I’m planning to use a loan from my 401k to pay for the down payment and use some to p...

Applying for a loan with lack of employment history

I recently started a new W2 job and I have a written letter of employment. Prior to this I left the industry to raise my children. I have good cash saved up, excellent credit history, no debt and can ma...

I want to know the lowest amount you can borrow in 2022

What’s the lowest amount you can borrow in 2022? Some say $60k while others say $80k. Does the type of property matter?

Moved to Florida and we want to buy a new home

I moved to Florida from New York a few weeks ago. I currently own a townhouse that’s being rented. Townhouse has an FHA loan where we currently owe $102k. We would like to purchase a new home here in ...

Refinance for son's college education

Hi, I spoke with my lender to ask for a cash out refinance. They asked me what it was for and I told them that it was to pay off debts. After checking on our current loan, the lender called me and said ...

my mortgage bank has my intrest at 9 percent and refuse to lower it

Gifting Home After Death

A father added his son to his mortgage because he retired and could no longer afford the payments on his own. They both had 800+ FICO and completed a cash-out refinance. I'm assuming the son is a cobo...

Refinance with less than a year being employed

I just got a job on an hourly wage for the past 3 months. Is there any lender who would grant me a refinance? I tried with a few and I’ve failed at underwriting. Lenders want to see that I’ve been e...

Potential refi on our home

I am looking at a potential refi on our home in Arizona. We bought it with FHA down payment assistance last Feb 2021. We have to pay a prorated portion if we refinance or sell in the first 3 years. Curr...

Refinance to fund retirement, is it a good idea?

I was surprised by the mortgage rates in 2022 as I compared it with the rates I bought my first home way back 1987. This made me think about a refinance to fund my retirement plans. Is this a good idea?

Help with refinance plans

We bought a home back in 2008 which was our second home but became our primary residence from 2010 to 2019. We moved to another town in 2020 so the property became a second home once more. We are not re...