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Can I get a loan for a new house plus and existing home equity loan

by D.andreamae532 from , North Carolina. Feb 4th 2015 Reply


Leah Tove (leahtove)
#53 ranked lender in North Carolina - 13 contributions

if you budget for it. If your current home is listed for sale, it will depend on your lender's guidelines allowing you to get a loan on a house you are selling. Some of my borrowers use their equity lines on primary to purchase new home or second home. Ask your lender.

Feb 4th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#29 ranked lender in New York - 2,236 contributions

As long as your income and credit qualify you, yes you can

Feb 5th 2015
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Linda Wintersteen (Linda123)
#64 ranked lender in Arizona - 1,250 contributions

ARE you looking for additon money, to add a room, or remodel? there is a new loan out there for this, I will check your state to see if it is offered there .. linda yourloanpartnerforlfie@live.com

Feb 5th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Your question is confusing.. You can get a new loan for a new home so long as you meet all eligibility requirements.. and if you have an existing HELOC on another property, then again.. so long as you have enough income to service all your debt and still be within the lenders allowable debt to income ratios, then yes.. If your asking can you purchase a new home and then get a home equity loan on the same loan, then it's unlikely to happen unless you put enough money down.. on purchase transactions, lenders have maximum loan to value AND Combined loan to value.. I'm not sure if I answered your questions, so feel free to contact me for more info.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 5th 2015
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