Can you use the VA loan to buy a house in another state?

Technically, the answer is no. While you can’t use a VA loan to buy a second property that you intend to rent out and earn income on, you could buy a new home that will become your primary residence, then keep your old home to rent out.

Can you get another loan after buying a house?

As soon as you pay the first six months of the mortgage loan consistently without fail, you can have access to a personal loan. Most people do not put this into consideration. Still, small debts have a substantial negative impact on an individual’s ability to access another loan.

Can I get an FHA loan if I already own a home?

While first-time homebuyers make up the largest share of FHA loans, about 17% of new loans go to people who have already owned a home, according to the U.S. Department of Housing and Urban Development. Put another way: Anyone can apply for an FHA loan, no matter how many homes they’ve owned in the past.

Can I use my debit card while buying a house?

Yes! When you apply for a home loan, the lender runs a credit check. If, at that time, your charge card shows a zero balance it does not affect your debt-to-income ratio or reserve requirements (metrics used by lenders to assess creditworthiness).

Can you have 2 FHA loans at once?

Can You Get an FHA Loan More Than Once? You can get multiple FHA loans in your lifetime. But while you don’t need to be a first-time homebuyer to qualify, generally speaking, you can only have one FHA loan at a time. This prevents potential borrowers from using the loan program to buy investment properties.

Is a home bought before the marriage divided in a divorce in Florida?

Is a home bought before the marriage divided in a divorce? In a Florida divorce a pre-existing house is normally not marital property and therefore is not divided. One exception is if marital funds are used to pay down a mortgage, significantly improve the house, or are used to refinance the house.

What is the purchase agreement for real estate in Florida?

Generate an official Florida real estate purchase agreement. The Florida residential real estate purchase agreement (“residential purchase and sale agreement”) sets forth the terms and conditions by which both buyer and seller are bound to until the closing of the residential sale.

Can a family member live in a home on a federal home loan?

Only the borrower and their immediate family may live in the residence. If there is a family member who requires constant care, such as a disabled adult or a child with special needs, the caretaker may live in the residence.

Can you buy a house before marriage in Florida?

You could have bought the house 20 years prior to the marriage and paid for it in full prior to the marriage. Once you place your spouse’s name on that deed, you have provided them with a very generous gift. This cannot be reversed.

Can a spouse purchase a home in Florida?

Generally speaking in Florida all spouses have a legal interest in their primary home in which they live. There are exceptions to this rule. Consult a real estate attorney if your wish is to purchase and hold the property in your name only as the ‘default’ position legally will likely impute an interest to your spouse. Yes you can.

Where are the lenderlive network offices in Florida?

Founded in 1999, LenderLive Network, LLC (LLN) has offices in the Denver and Jacksonville, Florida, areas.

How is real estate owned in the state of Florida?

Under Florida Statute §689.115 , when a married couple jointly purchases a home or other personal property it is presumed that the property will be held as a tenancy by the entireties. In a tenancy by the entireties, the property is owned by the marital union, rather than by the individual spouses.

Is a home bought before the marriage divided in a divorce? In a Florida divorce a pre-existing house is normally not marital property and therefore is not divided. One exception is if marital funds are used to pay down a mortgage, significantly improve the house, or are used to refinance the house.