My Account
Sign up, and you'll be able to vote in polls.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Feb 8, 2016
4:01
:52
pm
Tokolosh
All-American
Might still be eligible, they are regional, but CA property values might be high
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Tokolosh
Bio page
Tokolosh
Joined
Jun 9, 2004
Last login
Apr 24, 2024
Total posts
60,403 (5,635 FO)
Report problem with this ad
Messages
Author
Time
Want to sell a home to our kids, the most effective way for them
TeeKaa
2/8/16 3:16pm
<< Deleted >>
CDV
2/8/16 3:18pm
FHA loans for first time home buyers only require 3.5% down
CSoul
2/8/16 3:18pm
PMI or MIP are a real $ anchor in this case.
TeeKaa
2/8/16 3:25pm
Why? You factor it in to the effective rate just like anything else. This
CSoul
2/8/16 3:27pm
Not a deal breaker; just more costs for them.
TeeKaa
2/8/16 3:58pm
May be a deal breaker. $5600 up front and $2800 per year is a big dent to them.
TeeKaa
2/8/16 4:22pm
Lenders dont really like to do cash out refis these days.
BYUinTX
2/8/16 3:22pm
Not true at all
Paul Hewson
2/8/16 4:26pm
Are you in Utah? If so, could they go through MACU for 100% 1st time buyer loan
Tokolosh
2/8/16 3:28pm
I used this loan. No mortgage insurance either.
scrubbed03
2/8/16 3:51pm
Best program in the country IMHO
Tokolosh
2/8/16 4:02pm
Seriously. It was awesome! Highly recommend
scrubbed03
2/8/16 4:20pm
3.75% No Cost 30 Year Fixed
breakingblue
2/9/16 7:54pm
California
TeeKaa
2/8/16 3:56pm
Might still be eligible, they are regional, but CA property values might be high
Tokolosh
2/8/16 4:01pm
They're not in CA unfortunately and not quite high enough, also unfortunate.
TeeKaa
2/8/16 4:14pm
They have branches in New Mexico. Is that loan program Utah specific or MACU
LaserCoug
2/8/16 5:57pm
I assume they can do loans where ever they have branches.
Tokolosh
2/8/16 6:12pm
not sure what the equity position is but i believe it would be considered
OC_Ute
2/8/16 4:15pm
With change of ownership, I think the state/local gov't will want to get their
Iman23
2/8/16 4:24pm
Gift the equity for down payment and closing cost
Paul Hewson
2/8/16 4:25pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad
