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She's Mine
11-06-2013, 02:12 PM
I am thinking of purchasing a home and having gone thru a recent divorce want to know what plans are out there that I might qualify for.

Any help or recommendations would be appreciated
Hye power
11-06-2013, 02:38 PM
Can't be much help,sorry. But I did hear that after January 1st it's going to get even harder to qualify for a home loan.
She's Mine
11-06-2013, 04:24 PM
Can't be much help,sorry. But I did hear that after January 1st it's going to get even harder to qualify for a home loan.

Not happy to hear that...
Wendi
11-06-2013, 05:02 PM
Not happy to hear that...

I can help you. Send me a PM and I will put you in touch with an awesome agent and discuss your options.
GRADS
11-06-2013, 05:23 PM
Any help or recommendations would be appreciated

I recommend staying single. ;)
314joey
11-06-2013, 05:26 PM
Find a rich significant other with a house and move in..........................done.
kevnmcd
11-07-2013, 07:46 AM
Call Scott Wenhe (619) 255-3182. Fellow boater/board member. He has done a couple of loans for me and has always been straight up and given great service.
She's Mine
11-07-2013, 09:49 AM
I recommend staying single. ;)

x 1,000,000,000

Great advice GRADS
She's Mine
11-07-2013, 09:50 AM
Find a rich significant other with a house and move in..........................done.

I like that idea, have anyone in mind? :thumbup:
Unforgiven
11-07-2013, 10:14 AM
i like that idea, have anyone in mind? :thumbup:

eli?????
Wendi
11-14-2013, 07:11 PM
Saw this on Facebook new program:
First Time Homebuyers - New Conventional ZERO $ Minimum Investment from Borrower:

Starting Dec 1st, Wenhe Mortgage and Realty will be offering a conventional product that allows for ZERO minimum investment from the borrower. It will be conventional 95% LTV, where the 5% can be a gift. There are some additional requirements on loans where the borrower does not contribute their own funds into the ...transaction.

Additional Requirements:

Minimum 720 FICO
Maximum 41% DTI
Minimum 2 Months Reserves (reserves may be gifted)

The additional requirements are only for borrowers who are having their minimum investment gifted, and/or who are not contributing their own funds toward their minimum investment into the transaction.

Maximum loan amount is $417000.
For California residents only.
Patyacht
11-14-2013, 07:16 PM
IMHO Stay away from ML/BOA Home Loans. Worst experience of my life!
Wendi
11-14-2013, 07:18 PM
IMHO Stay away from ML/BOA Home Loans. Worst experience of my life!
I worked in Mortgage for 7 years and yes it is much harder to get a loan these days. Long drawn out process.
Patyacht
11-14-2013, 07:24 PM
Not really hard to get the loan although they kept changing the rules to suit themselves and not the client. Really got weird when it came time to convert the construction loan to a regular loan. Since they are the judge and the jury I see it as a major conflict of interest. When the dust finally settles I'll be moving on and have nothing to do with ML or BOA again. Since it's not resolved I'm still looking at all my options.
Wendi
11-14-2013, 07:39 PM
Not really hard to get the loan although they kept changing the rules to suit themselves and not the client. Really got weird when it came time to convert the construction loan to a regular loan. Since they are the judge and the jury I see it as a major conflict of interest. When the dust finally settles I'll be moving on and have nothing to do with ML or BOA again. Since it's not resolved I'm still looking at all my options. I would recommend a smaller bank or credit union.