Author Archives: Renee Gonzales

I have a 30 year FHA loan and have recently heard that Mortgage Insurance Premiums are terminated at five years from the origination of the loan “and” when a loan-to-value ratio of 78% has been reached. Is this true?

Q: I have a 30 year FHA loan and have recently heard that Mortgage Insurance Premiums are terminated at five years from the origination¬† of the loan “and” when a loan-to-value ratio of 78% has been reached. Is this true? … Continue reading

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How long do I have to be working to apply for a loan?

Q:¬†I recently moved from Chicago to Tucson. I would like to know how long I have to be working to apply for a loan. I have a down payment. My mom is moving to Tucson in a few months to … Continue reading

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What is the lowest credit score to qualify for a home loan?

Q: Looking to buy a home as I would be a fist time home buyer I was wondering whats the lowest score credit to qualify? I know my credit isn’t the greatest but i think I am around 645. Would … Continue reading

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I would like to buy a single family home with my VA loan, how do I do it?

Q: I am a retired U.S.  Marine, now living in the Philippine Islands.I am100% service connected disabled with VA pension. I have never used my veterans home loan. My wife and I will be returning to Tucson in a few months. I would like … Continue reading

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What are the loan limitations on a manufactured home as an investment property?

Q: I purchased a home in Vail, Az, about a year ago, and I am looking into possibly purchasing a second home, possibly for an investment. I am looking at a manufactured home on an acre of land in Vail. … Continue reading

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How soon should I get pre-approved for my loan?

Q: I am planning on purchasing a house in January.  I have not yet found a house I want to purchase, how soon should I get pre-approved for my loan? A: A standard mortgage pre-approval is good for 4 months, so … Continue reading

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