Posts Tagged ‘Buying a house

Remodeling by Allan Butler

Wednesday, February 24th, 2010


If you are interested in buying a house, selling a house, remodeling a house Remodeling By Allan is perfect for you. Take a walk with us through a few houses that Allan has either remodeled or built from scratch. We have remodeled over 50 houses in the last 12 years. (Question to see any of them) Licensed and insured in the State of Minnesota The licenses held include the following: 1.) Residential Building Contractor License. 2.) Certified Lead Abatement Firm, with MN Dept. of Health. 3.) Asbestos Certified. 4.) Licensed in Insurance, Casualty, Property, etc. We specialize in the FHA 203K Remodeling Program CHECK US OUT, YOU WILL BE GLAD YOU DID, I GUARANTEE IT. 612-599-2595, allanbutler@q.com

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FHA inspections – how fast can they be done?

Saturday, January 30th, 2010

How quick can an FHA inspection for approval be completed? We are selling our condo and buying a house. We are in escrow in both processes. Of course we need to sell to get the down payment for the buy. Today, our agent called to see if the condo we are selling has been inspected and approved by the FHA. I’m not sure but it sounds like the buyer’s lender wants FHA backing. To our knowledge, the condo has not previously been approved. We are locked in at a decent mortgage rate, but there is an expiration date for that lock-in. I don’t want to lose the rate and wonder how long it will take to have the FHA do their inspection of the condo and approve the backing. We live in So. Calif. Any advice would be greatly appreciated. Thank you.

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Is a 6.5 rate high for a subprime mortgage 30 year fixed?

Thursday, January 14th, 2010

Thinking of buying a house and I was told my rate would be 6.5 for a 30 year fixed FHA mortgage. Just wanted to know if that is high and what the average rate is.

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FHA 203 K Loan. How does it all work?

Wednesday, January 13th, 2010

My fiance and I are in the process of buying a house. The house needs some work. Like
-New furnace
-New Windows-
-Insulated
-Exterior doors
- New flooring

We are putting the loan through as a FHA 203K loan. Our realtor told us that they we pay the contractors for all of this work and it would just be added to our loan.

Please help me know how this all works before we get to far in.

The house is 54900 the offer accepted was lower

Oh also we have not had an inspector in yet that is later this week
I really appreciate any help!
Okay.. so they take the value of what the house is worth now, you tell them what you want to do and what improvments you want to make and they calculate what the house would be worth after improvments?

How do they calculate what they will let you borrow? Like if its added to your loan do they go by the difference of what your were approved for as to your buy price? Thats what I dont know!

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Considering Buying a Home? Think FHA! | Az Realty Results

Sunday, November 8th, 2009

FHA loans were once only considered for low to moderate income individuals, this but is not the case. If you are buying a primary residence and you want to place down a small down payment with fantastic rates , then FHA is your answer.

Originally posted here:
Considering Buying a Home? Reckon FHA! | Az Realty Results
(more…)

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