Menu

Home › Forums › Closed Forums › Buying and Selling RE › Ok, help me out guys

Viewing 15 posts - 1 through 15 (of 91 total)
1 2 3 … 5 6 7
  • Author
    Posts
  • May 15, 2008 at 9:22 PM #12750
    admin
    Keymaster

    Ok, guys, don’t laugh. Someone close to me needs a stated income, 100% financed, VA loan. Actually, aren’t VA loans always no money down? Are these type of loans still out there? They have good credit. They are ready to buy a house now in Temecula or Murrieta. I think the homes have come down enough now to start looking, right? Although they can wait a few months, they want the stated income loan so they don’t want to risk having none of those available when they are ready to buy.

    Also, they may be looking at new construction. I will be getting my license right away now as they have agreed to let me handle the sale and collect the commission. If it’s new construction, I get that from the seller/home builder, right? What is standard? 6% of the home price?

    And before anyone starts with the lectures/disgust talk, these people are not getting in over their heads. They plan on keeping the house for a long time 10 years or more. They are reliable and will get a house they can afford, which is doable in Temecula right now. I’ve always said that I don’t agree with the 20% down payment snobs.

    Ok, guys. Steer me in the right direction. Contacts please? Best rates and best banks for this type of loan.

    Thanks.

    May 15, 2008 at 9:27 PM #205448
    rubbieslippers
    Participant

    You don’t have to put money down,and all they are REQUIRED to do is pay about 1200 in closing costs. I don’t believe there is any such thing as a no doc va. They are 100% loan to value and I believe the payment can be 38% of your income.

    May 15, 2008 at 9:27 PM #205499
    rubbieslippers
    Participant

    You don’t have to put money down,and all they are REQUIRED to do is pay about 1200 in closing costs. I don’t believe there is any such thing as a no doc va. They are 100% loan to value and I believe the payment can be 38% of your income.

    May 15, 2008 at 9:27 PM #205528
    rubbieslippers
    Participant

    You don’t have to put money down,and all they are REQUIRED to do is pay about 1200 in closing costs. I don’t believe there is any such thing as a no doc va. They are 100% loan to value and I believe the payment can be 38% of your income.

    May 15, 2008 at 9:27 PM #205552
    rubbieslippers
    Participant

    You don’t have to put money down,and all they are REQUIRED to do is pay about 1200 in closing costs. I don’t believe there is any such thing as a no doc va. They are 100% loan to value and I believe the payment can be 38% of your income.

    May 15, 2008 at 9:27 PM #205584
    rubbieslippers
    Participant

    You don’t have to put money down,and all they are REQUIRED to do is pay about 1200 in closing costs. I don’t believe there is any such thing as a no doc va. They are 100% loan to value and I believe the payment can be 38% of your income.

    May 15, 2008 at 9:39 PM #205470
    Anonymous
    Guest

    They might not be able to do the VA loan then. They absolutely must have the no doc loan.

    May 15, 2008 at 9:39 PM #205519
    Anonymous
    Guest

    They might not be able to do the VA loan then. They absolutely must have the no doc loan.

    May 15, 2008 at 9:39 PM #205551
    Anonymous
    Guest

    They might not be able to do the VA loan then. They absolutely must have the no doc loan.

    May 15, 2008 at 9:39 PM #205572
    Anonymous
    Guest

    They might not be able to do the VA loan then. They absolutely must have the no doc loan.

    May 15, 2008 at 9:39 PM #205606
    Anonymous
    Guest

    They might not be able to do the VA loan then. They absolutely must have the no doc loan.

    May 15, 2008 at 9:51 PM #205474
    rubbieslippers
    Participant

    People don’t often like to accept VA loans because they have to jump through a few hoops. But that’s because they are good loans. The loan amount can’t exceed 417k. I don’t think many builders are offering VA right now, but it’s worth a try to check.

    “,and all they are REQUIRED to do is pay about 1200 in closing costs”

    I meant the seller is required, the buyer can try to negociate a va no down no closing- VA no no.

    TTFN

    May 15, 2008 at 9:51 PM #205524
    rubbieslippers
    Participant

    People don’t often like to accept VA loans because they have to jump through a few hoops. But that’s because they are good loans. The loan amount can’t exceed 417k. I don’t think many builders are offering VA right now, but it’s worth a try to check.

    “,and all they are REQUIRED to do is pay about 1200 in closing costs”

    I meant the seller is required, the buyer can try to negociate a va no down no closing- VA no no.

    TTFN

    May 15, 2008 at 9:51 PM #205556
    rubbieslippers
    Participant

    People don’t often like to accept VA loans because they have to jump through a few hoops. But that’s because they are good loans. The loan amount can’t exceed 417k. I don’t think many builders are offering VA right now, but it’s worth a try to check.

    “,and all they are REQUIRED to do is pay about 1200 in closing costs”

    I meant the seller is required, the buyer can try to negociate a va no down no closing- VA no no.

    TTFN

    May 15, 2008 at 9:51 PM #205577
    rubbieslippers
    Participant

    People don’t often like to accept VA loans because they have to jump through a few hoops. But that’s because they are good loans. The loan amount can’t exceed 417k. I don’t think many builders are offering VA right now, but it’s worth a try to check.

    “,and all they are REQUIRED to do is pay about 1200 in closing costs”

    I meant the seller is required, the buyer can try to negociate a va no down no closing- VA no no.

    TTFN

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 91 total)
1 2 3 … 5 6 7
  • The forum ‘Buying and Selling RE’ is closed to new topics and replies.