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Mortgage and Home Equity Forum Credit requirements pertaining to Mortgages, Sally Mae, HUD, Foreclosures, home equity lines of credit. Discussions about Real State in general belong on this forum. What you need to know prior to buying and selling a home, real estate investing ideas. This and more can be forun here.

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Old 07-27-2006, 05:12 PM   #1 (permalink)
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Iowa Finance Authority

http://www.ifahome.com/partner_firsthome.asp

6.625% fixed rate mortgate

FHA, VA conventional

$500 Down 100% LTV through Fannie Mae

No origination fees or discount points are charged. Allowable closing costs only



What do you guys think?
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Old 07-28-2006, 07:24 AM   #2 (permalink)
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This is a good find for folks in Iowa.
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Old 07-28-2006, 11:57 AM   #3 (permalink)
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I'm going to do it. I will take the plunge. All they can do is say no, right?
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Old 07-28-2006, 12:09 PM   #4 (permalink)
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If you have the scores I think you'll be OK.
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Old 07-28-2006, 02:53 PM   #5 (permalink)
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My scores have droped because I stoopidly raised my utilization %. I am going to get these paid down and see what the scores look like.
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Old 07-28-2006, 07:47 PM   #6 (permalink)
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Sounds like a good plan.
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Old 07-31-2006, 01:45 PM   #7 (permalink)
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OK, I got overexcited and applied this morning. it will be interesting to hear the answer
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Old 07-31-2006, 03:17 PM   #8 (permalink)
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Keep us posted. Since it's for first time homebuyers, I'm sure if there's a problem they'll tell you what you need to do to fix it.
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Old 07-31-2006, 04:06 PM   #9 (permalink)
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can you tell I suffer from the dreaded disease of "nada patiencia"?

I should not have gone to those open houses over the weekend because it just makes a person crazy
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Old 07-31-2006, 04:08 PM   #10 (permalink)
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That's true. If you don't look you never know what you're missing.
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Old 07-31-2006, 07:06 PM   #11 (permalink)
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6.625 fixed sounds great, I am stuck at 6.75 I cannot refi for three years

I can sell after a year, maybe a familly member will bujy so that i can buy back at better terms?
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Old 07-31-2006, 07:22 PM   #12 (permalink)
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Thumbs up

Quote:
Originally Posted by klinked View Post
OK, I got overexcited and applied this morning. it will be interesting to hear the answer
You applied? Let us know what happens and yes, I know how it is looking and you want it so bad. If you only knew what I am going thru right now to make my dreams come true.
Hang in there.
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Old 08-01-2006, 02:24 PM   #13 (permalink)
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I pulled TC this morning. No new inquiries. I understand this lady is just back from vacation but let's get a move on!
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