Posts Tagged ‘termite’

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.

(more…)

Tags: , , , , , , , , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , , , , , , , , ,

Posted in FHA Loan Guidelines | No Comments »

Is termite treatment a requirement for an FHA loan in California?

Wednesday, September 23rd, 2009

My real estate agent (who I cant reach right now) informed me that I need to pay 00 for termites before we can close on the house. I am very much in the dark, and have not yet seen a termite report, but the amount of money sounds like an actual treatment is to be done. I read that many FHA lenders require termite inspection, but do they also require the termite treatment to be paid for in order to close on the deal?

This is a small sale and the seller is not paying for the treatment. I want to delay the treatment for a few months, if possible.

Tags: , , , , , , ,
Tags: , , , , , ,

Posted in FHA Requirements | 1 Comment »

Closing costs estimate between 2 lenders. HELP!?

Wednesday, June 10th, 2009

Lender one: Mortgage type:30 Year Fixed-FHA-3% down
Origination fee: 1 point=1464.70
Appraisal fee=5
Credit report=
Commitment Fee=0
Flood Cert=
Title Insurance=00
Title Search=0
Recording Fees=
Survey=130
Termite=5
3 months worth of taxes=617
FHA Premium=1.5% of loan=97
* We can use our own appriaser if we like.

Which one is better?
lender Two Mortgage type-30 year fixed FHA 3% down
application fee-0
appraisal-5
credit report-
flood cert-
recording-
survey-0
No Points
title insurance-,000
Title search 0
Termites-Not mandatory
FHA MIP-1.5% of loan 64.70
Taxes-5 months worth=,030
FHA Premium for lender#2 is 97, not 64 (same as lender one)

Tags: , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , ,

Posted in FHA Mortgage Insurance Premium | 1 Comment »

How long does it take to close on a HUD home?

Tuesday, May 19th, 2009

I won a bid on Sept 4 with HUD on a home in NC. I know it says closing can be UP TO 45 days but I was wondering can it be sooner? Everything on my end is done, loan, etc…Also, the HUD attorney is in Greensboro which is about 4 hours from me…How will that work? Do we have to drive there or will they appoint someone to come here and close? I just want to go in asap! :) Thanks!
We already have the home inspection, radon test, termite test done. Homeowners insurance DONE :)

Tags: , , , , , , ,
Tags: , , , , , ,

Posted in HUD | 1 Comment »




Search :


Related search on ‘termite’

  1. cara How close to the house can firewood be stored for a fireplace?

    You may also want to consider where you live to help you determine your termite risk. We stored firewood in our garage (attached to house) for a few years before we moved it outside. We never had a problem with termites, ...

  1. lombardiaturismo.com » And, of course, you and your family

    For example, heavy termite infestation that goes undetected for years can render a home structurally unsound. This is ultimately why using a good pest control service is not really an option ? it?s a necessity. ...

  1. Masai Mara Updates: The Mara is green again

    This is a time when we see lions going up termite mounts or tree to gain vantage points to scan around for prey. Cheetahs too are seen doing the same, and even though they are not good climbers, they can bee seen going up trees to look ...

  1. Creative Lifestyle Reviews for Hot Products

    For furniture to endure the ruthless dynamics of weather, even meek drizzles and delicate sunlight, it requires to be made up of wood that hold with it, some natural resistance to inconvenience like termite infection and rot. ...

  1. Get Financial News » Blog Archive » Frequent Blunders Real Estate ...

    If there are some troubles within the section where the home as well as property is situated similar to being in the neighborhood of a flood zone, termite problems, etc. e. If there are some problems in city area. ...

  1. Avoiding The Typical Real Estate Investing Mistakes ? Articoolz.com

    If there are some problems inside the area where the dwelling also property is stationed akin to being in the neighborhood of a flood zone, termite problems, etc. e. If there are any problems in town area. ...

  1. Scrapsalot: Termite 2 Turns 5!

    Termite 2 Turns 5! Posted by scrapsalot at 8:14 PM. 0 comments: Post a Comment. Older Post Home. Subscribe to: Post Comments (Atom). About Me. My Photo. scrapsalot: NSW, Australia: I am a mum to four. I have just turned 40 and don't ...

  1. the hungry termite: fact #4392

    fact #4392. diethyl phthalate this little guy lives in polyvinyl chloride -PVC, and wants to disrupt your endocrine system. heh heh little meanie.. (see what i think about in the middle of the night?) Posted by termite at 3:32 AM ...

  1. Spanish Word Of The Day - Spanish to English: termite - comeje/n ...

    Spanish Word Of The Day - Spanish to English. Daily Spanish Word with list of English equivalent. Saturday, March 20, 2010. termite - comeje/n, termitas. termite - comeje/n, termitas. posted by John Crichton @ 4:27 AM. 0 Comments: ...

  1. mold on ceiling: homes mold

    Keeping you up to date on condos and homes in Buckhead. Contact me at 404-518-1368 ... World Class Home Inspections. World Class Home Inspections Home, radon, mold, and termite inspections at your service. Click here to schedule. ...

Top incoming search terms for this post