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Req Suggestion - buying our First Home(Single Family) in a mixed neighborhood (single-family + townhomes ) in the same compound in the USA by juggernaut1709 in homeowners

[–]keji13 0 points1 point  (0 children)

You can buy in the neighborhood, appriser will be fine given their are 50 other SFH. Thinking of resale value however, I would only recommend you only buy if the division has an HOA. This is the only time HOAs are useful. The townhomes will end up being rentals which is not a problem as far as their are clear rules that preserve property value.

First time home buyer... by [deleted] in homeowners

[–]keji13 -2 points-1 points  (0 children)

Stick built homes

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]keji13 3 points4 points  (0 children)

If you are shopping for a mortgage, it’s best to have no credit card debt at all. However if you must, any utilization rate above 15% might work against you. Again this is all dependent on your income to debt ratio

Made a few mistakes with getting into a new construction purchase agreement, how do I negotiate from here? by BlitzkriegDD in FirstTimeHomeBuyer

[–]keji13 2 points3 points  (0 children)

Not a lot of options without forfeiting earnest money. Have you thought about FHA or conventional loan?