Home Purchase Loan

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Asked by Cheryl
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Cheryl: If you are financing an "out of state" property, it means that the property you are financing is out of the state from where you live. Your "primary" res...
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Asked by Tyshia
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Yes, fortunately FHA now allows borrowers to qualify using an estimated payment of 1% of their student loan balances. Note that even if the loans are in deferment, or...
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Asked by Mariana
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Hi Mariana. Your score is right on the edge of qualifying, as FHA requires a minimum middle credit score of 580 to qualify for maximum financing. Most lenders have s...
Q&A
Asked by JOSE BALLARD
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Jose: Thanks for your question. There is nothing stopping you from doing either. However be advised that 1) There are specific guidelines for renting your home and ...
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