I assume they can do loans where ever they have branches.

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Feb 8, 2016
6:12:31pm

Tokolosh All-American

I assume they can do loans where ever they have branches.

Report problem with this ad

Tokolosh

Bio page: Tokolosh
Joined: Jun 9, 2004
Last login: May 9, 2024
Total posts: 60,588 (5,652 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