Posts Tagged ‘auto loan

Question about FHA Loan Guidelines?

Wednesday, September 23rd, 2009

I’m getting a FHA loan. As a condition of me buying the house the seller says they will credit me ,000. According to the loan guy, under FHA guidelines the seller can’t just cut me a check for the amount. It would either have to come into play by reducing the loan amount by 00 and thus lowering my monthly obligation or giving the ,000 to the mortgage company and they can lower the interest rate to make my monthly obligation lower.

Can anyone confirm this?
One thing to add:

Seller is already paying closing costs.

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how good does a persons credit have to be to get a FHA loan for a home?

Sunday, June 28th, 2009

or has anyone heard of Fannie Mae,they also give out loans,what do i have to go to online,how hard is it to get one?

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Is it possible to obtain an auto loan and have it taken directly out of paychecks?

Sunday, June 14th, 2009

I went two years ago to support my newborn after finding out my girlfriend was pregnant. I left behind my ancient car and my family place it in my brothers name so I've been stuck without a vehicle. I've been working at my current job for 6 months and management said it is possible to pay any debts or loans by having it taken out of my checks. I don't plot on leaving the company at all and plot on living up here. I've tried for an auto loan but was denied because of my bank balance (after fixing my fiancee's car and her mother's truck because they were out of work and were on HUD). Is it possible to get an auto loan in this manner? At work, management said they'd need the necessary paperwork to have it directly taken out, but I'm not quite sure if dealerships would allow such payments- since its not directly through a bank. Is this method even possible?

The maximum loan i'm thinking of getting is 00. I've talked with several dealers about downpayments and those I can easily handle.

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