snickybugg asked:


My fiance and I have been looking at homes for almost 2 yrs now and finally came across a home we rly liked, in our price range and in the area we went. Well, its considered a ‘trailer’ even though there is a huge add-on and it looks like a Ranch. All the banks say we would have to put 80% down of the asking price (which is $79,000) which we CAN NOT afford. The most we can put down is $10,000.

So my question is, is there a bank or lender ANYWHERE that will let us re-finance a trailer (if needed) and give us a good loan without a huge interest rate?

Thanks

PS Please only answer if you really know, we need to have an answer to the owner of the home by Friday. T/U!
Thank you Marc!!
We would be buying the trailer, and almost 3 acres of land to go w/ it. Its a gorgeous trailer believe it or not. The owners have lived there for 21 yrs and done over $20,000 in work in just the last year. Right now my fiance and I live in a trailer in a park and its horrible!! So cold, so tiny and no yard.

But thank u thank you thank you again! We will def. look into these!! )

~Sarah

first home owner loan

KCG asked:


My hubby and I placed a bid on a short sale home in June, 2008. Two weeks after placing our bid the owner accepted our bid. 2 weeks after that (total 1 month) the first bank accepted our offer…the owner has two loans on the property. We have been waiting for the second bank to answer, and we are already on our third month going into our fourth as we wait. The second bank has switched agents twice and now switching into there 3rd agent. Does that mean that our offer continues to go to the bottom of the pile. My hubby and I are already fed up with this waiting deal. Why does the bank continue to do this…Aargh! The trusty sale is set for November 3rd, what is the posibility that we will not get the sale. And if we do hear from the bank, when will this happen? Somebody please HELP! My hubby and I really like this house but are just too frustrated to wait any longer. Is the wait even worth it. Will the properties drop anymore? And if so how much more? PLEASE HELP!

first home owner loan

kiet v asked:


My wife and I are shopping around for a home loan soon. I would like to know base on the info below, what kind of rates and loans are available for us. Thank a lots for all the help guys.

-First time buyer
-No debt
-joint application (my wife and I)
-I make about 75k a year, and my wife make 45k a year.
-My credit score is around 680-700 and my wife score is 740-760
-It’s a 250,000 house and we will put 20% down payment.
-I work for same company for 6 years and my wife just started her career 1 year ago.

first time home buyer loan