how long does it take for FHA to process mortgage loan info?
367074
Typically FHA does not approve loans directly to the public.  You can find FHA financing at most banks, savings & loans, or other mortgage lending institutions.\n\nOnce the file has been fully processed the lenders direct endorsement underwritier will review & approve or decline your loan request.\n\nIt's not uncommon for a govt loan to take longer than conventional financing as the govt does have certain requirements that may be more time intensive.  However it should not be too much longer.  If your file has been in processing for more than 30 days the loan officer you are working with should be able to tell you a current status.  He/She should be able to let you know if there is a current stumbling block.\n\nSorry cloudjmc, if she was approved, then declined it was likely a property issue.
521318
weeks, as soon as you get the info
812525
Why do you find it important to know about the lender that does your home loan?  \n\nAll mortgage lenders are governed by mostly state and federal laws.  \n\nAre you looking for  a rating on the lender or mortgage broker?\n\nWell which ever you are looking for and no matter who eventually does a loan for you. I am willing to bet that before the loan ink dries that the loan will be sold to someone else and before the month is through you will get a piece of mail saying ABC&D purchased your loan. Please make your monthly payments to the company listed on your payment booklet inclosed.\n\nI am also clear that the person sending you that booket and mail are not your lender either. I am willing to bet that that person simply will be servicing your loan for the investor that puechased your loan.\n\nEven if you get a letter with a payment book from the person that you went through to get you loan, they are now merely acting as the servicing agent for the investor that purchased your loan, 24 hours after it was funded and your escrow closed.\n\nI was am a mortgage broker that assisted in securing a loan for a lady that was fed up with her lender and the tactics they were using in trying to get her to refinance her home. I took her application, she was very adamant about not having her loan under this lender. \n\nI told her that I could not guarantee that this would not happen but if she wanted to refinance for that reason and that reason alone, she had to sign off on a disclosure that I made especially for her, that was I could not controll nor did I know who her loan would be sold to on an open market.\n\nWell we did the refinance, closed the loan, guess who purchased the loan once all the dust had cleared. About  10 months later the same person that had been her servicing agent was now here servicing agent once again, because the loan had been sold to the person she previously had.\n\nInvestors do not purchase loans by name, state or city, they purchase by interest yield. So they might request any and all loans to 1000 with a rate of 6.5% with more than 25 years left for payments to be made.\n\nSo checking out a mortgage lender or bank will, only serve the purpose that they are in a data bank. \n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
725997
People need to qualify their real estate questions with information about the State and County they are talking about. Get ready to go to court. It is no big deal. The Sheriff will throw them out after you win the case unless they show up and fight. Depending on what City you live in, that could take from 30 days to 9 months. See an attorney or turn the whole thing over to a professional property manager. People shouldn't do these things on their own. What you will end up losing on your own is far worse than what you would pay a professional.
1030137
Typically you should hear something within 72 hours of the application. If you dont hear anything within 3 days, then it means that either the lend company is a mickey mouse company or you did not get approved.  In any event, call them every 2 hours until you receive an answer. In the event that you do not get approved, its time to move on and look your alternative options.\n\n-J.
712538
There are many programs available for middle of the road credit including programs to build a new home.\n\nThe best thing to do is get the credit profile in order first before submitting a loan request. There are things you can do to improve your scores in less than a week.\n\nI write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
1165219
Most lenders will go 90 days before they file a notice-of-default with your county.  After that it can take some time before the actuall foreclosure takes place.  It is expensive and time consuming for a lender to foreclose. \nhttp://www.lendermark.com/stay_out_of_foreclosure.htm
991779
probably about 2 weeks providing the bank can get the appraisal done right away and there are no old  liens on the property to be sorted out
8426
I just went through this process 6 months ago, and really loved my realtor, real estate attorney, and mortgage analyst.  If you're interested in any of their names and contact info, you can email me from the Yahoo Answers site by clicking on my name and then 'contact'.  \n\nGood luck!
258272
It sounds like you are behind but not at the foreclosure stage(over 90 days past due)\n\nFirst off, your mortgage company does not want to go to foreclosure. See if you can negotiate something, i.e. interest only, debt extension or restructure.\n\nDepending on the rest of your credit, your income and the equity in your home you might be able to find a lender or investor who would be willing to help you save your home or buy it immediately and walk away with some cash.\n\nNot ideal but when you get behind on a mortgage it is tough.
956326
I can help you find most of that info depending on the state and county, etc.  I don't know if I can find the interest rate and payment but I can definitely find the lenders, etc.  Home owner address and all that is no sweat. . .
217256
need more information to answer your question, I am a mortgage broker, just e-mail me with more specific information and I will try to help you with you question
1075633
This is a great question!!  First of all, I'm amazed at how people WITHOUT any experience in the mortgage lending industry are offering advice to people about one of the most important issues in their life!!!  I am the General Manager of a large Mortgage Company.  Please listen!!!!!!\n\n1st of all....Congratulations on realizing that real estate is where the security of your financial being is centered!!  There are MANY programs that allow you...even a college student...to purchase a home.  I'm going to make a few assumptions.  1) Your credit score is higher than 620 and you have no serious collections over a period of the last 12 months.  2)  You can provide proof that you've been employed for at least 2 years.  3)  You're a citizen of the US.  4)  Your credit card HIGH LIMIT on at least ONE of the cards is $1000 or higher.  (If it's not, ask them to increase it to at least $1000)\n\nContact any reputable mortgage BROKER and explain your situation.  Typically, it's a broker than also has the ability to do FHA loans, though you don't HAVE to get an FHA loan.  They are monitored by the government to a greater degree and MUST be reputable!  There are MANY programs that offer 100% financing to you...that means, you will only have to pay the closing costs for the loan AND if you ask your real estate agent to locate homes where the owner is willing to provide SELLER CONCESSIONS, the seller can even pay the closing costs FOR YOU!!  MANY MANY sellers are willing to do this since it helps sell the home faster!  \n\nIF you can get a business license for ANY job or home based business through your city or county, no matter if you actually do any business through that company or not, and if you can show that you've had that business license for at least 2 years...sometimes a little less...you CAN QUALIFY FOR A "STATED" LOAN.  This is a loan that simply lets your credit score do the talking for you.  The lender assumes that you have a reasonable income (which you will "state" to them...whether it is true or not) and you don't have to provide proof of it!!  In the industry it is called a Liar's Loan.  A cute moniker that does not mean the loan won't be done.  Lenders understand that it is simply a tool that homeowners use when they can't prove their income.  The weigh the credit score and history against the risk of the overall loan amount.  Assuming your credit score is greater than 620...and it probably is much higher than that, you'll be fine.  The lender may need to see that you have 3 - 6 months worth of mortgage payments in the bank, so you're $7K will come in handy.  This is the only income verifcation they will do.\n\nInterest rates for this loan are a little higher, but not by much.  However, you can expect the overall rate to be higher than normal simply due to the low loan amount.  Any loan smaller than $100K incurs a higher interest rate.  It wouldn't be unusual for you to pay as much as 8 - 10%.  However, as scary as that sounds, keep in mind that the loan amount is VERY small (relatively) and the payments are stretched over 30 years, so the impact of a high rate on a small loan amount is negligible (comparatively).\n\nAs an example.  \n$40,000 @ 7% = $266 pmt (principle & interest)\n$40,000 @ 8% = $293 pmt\n$40,000 @ 9% = $322 pmt\n\n$30 per 1% is negligible!!\n\nIf you don't have a business license or don't want to wait that long, consider getting a co-borrower, like another party....mom, dad, sister, friend, etc.  With both of your incomes, you'll more than qualify for a standard, Fully Documented loan (Full Doc) where you have to prove your income with W-2's, etc.  After the loan is completed and closed, the other party can sign a QUIT CLAIM DEED at a title company and remove themselves from the title of the property.  They will still be a responsible party for the loan itself, but not have any rights to the property.  After 1 -
277163
It depends how long the rate stays fixed, and on the type of loan that you are talking, it is either differed interest, or an interest only and it could change in 1 month or 1 year.  It is pretty broad.\n\nCall me at (614) 825 1907 and we can talk more.\n\nTim Kazee
239189
It's not easy, and without more information I cannot give you direct advice. But visit the mortgage Professor - you'll find a link to his website on mine.\n\nSee source pages below.\n\nGood luck!
1156964
Contact the bank where the mortgage is.
742749
Locally we put a time limit that the seller has to consider the offer, so check your contract and see if there is a time limit for them to repsond.  It is often worded that the offer is open until.....\n\nI would call your realtor and ask him/her what time frame is in the contract and if there isn't one specified, what is the local custom.\n\nLocal custom is that there is a 24 hour time period for response, unless it's a "hot" property, then it can be as little as is written in the contract.\n\nOf course all this goes out the window if you are offereing on a lender owned property.  Banks respond in their own time, even if you have an expiration on the offer.