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Answers (22)
- Dan Currie, "Daniel J. Currie"
- Contributions:129
Do you want to understand what your best option is if you are not VA eligible?
DIY!
Go to:
FHA 203(b) loan guidelines
Then take that part of advice already given; seek financing from a Certified Mortgage Loan Originator!
Hope this helps!
DIY!
Go to:
FHA 203(b) loan guidelines
Then take that part of advice already given; seek financing from a Certified Mortgage Loan Originator!
Hope this helps!
With the information you provided you would have no problem obtaining financing. Additionally depending on the area you may be looking there may be special incentives for you being in the medical field.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Jim,
Thanks. Don't feel bad! .... Feel Happy! ... When this day is over, you'll never have an opportunity to enjoy it again, will you?
Thanks. Don't feel bad! .... Feel Happy! ... When this day is over, you'll never have an opportunity to enjoy it again, will you?
- Christine Hynes, "LoanModSpecialist"
- Contributions:543
depends on what your purchase price is, we need more information and need to know how much debt you have to help.
- A B, "AB5551212"
- Contributions:52
Hey Rudy... didn't man to bust on it like THAT... now I feel bad.
I took a lot of "digs" on today and I get carried a way . My personal comment was rude and I apologize.
I like oen of Buzz Aldrins quips... a day of life is like landing an airplane... any landing you can walk away from is a good one...
I took a lot of "digs" on today and I get carried a way . My personal comment was rude and I apologize.
I like oen of Buzz Aldrins quips... a day of life is like landing an airplane... any landing you can walk away from is a good one...
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
- A B, "AB5551212"
- Contributions:52
Rudy, good to see you can keep up on things because I refuse to make your advanced age and lack of tech know haw an issue in the Zillow Mortaage Marketplace
Happy funding
Happy funding
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
9/4/2009 post Red. Great timely advice!
- A B, "AB5551212"
- Contributions:52
Hi treebones,
I would suggest requesting a quote via the Zillow Mortgage market place... Enter you information as accuratly as possible... and review the responses you recieve.
- Tracy Larkins, "Cobalt Financial"
- Contributions:649
Absolutely - as long as your overall credit history is clean and you have at 3 open tradelines with a positive pay history... FHA would be the way to go! Good luck - hope this helps!
- Liberty Mortgage
- Contributions:470
I would suggest getting your score up to a 620. It does not pay in your case to even proceed with financing now as the rates and fees for a score below a 620 are very high. You are so close, that I am sure reducing some high debt balances would more than make up for an extra 12 points in a score.
Yes you can get a mortgage for $165000 if you are a veteran.
- Mortgage America
- Contributions:30
- Kathryn Wutz, "Kwutz"
- Contributions:28
I am not a [link removed by moderator], but I can reccomd you to a mortgage company that I have had other clients use, the women that work there are friendly and knowledgable.The company is [link removed by moderator] Also if you need any help with [link removed by moderator] I would be more than happy to help you. Please let me know if you have any questions regarding purchasing you home.
- Joe Cafiero, "Joe Cafiero"
- Contributions:3221
Preston....Why would anyone contact you when you throw out quotes like this.....
http://www.zillow.com/mortgage/LenderQuoteDetail.htm?quote=ZQ-NBVSNSS
I do not think there is enough room in this box to list all that is wrong with this quote..
http://www.zillow.com/mortgage/LenderQuoteDetail.htm?quote=ZQ-NBVSNSS
I do not think there is enough room in this box to list all that is wrong with this quote..
- Preston Garrison, "PrestonGarrison"
- Contributions:64
- KatieS1
- Contributions:7
I'm not in the mortgage business so I don't have any specifics to tell you other than to contact a mortgage professional directly to discuss your situation. Don't talk yourself out of it because of the fear of rejection! I almost missed out on the chance to own a home because I was too afraid to try. Finally, at the urging of my sister, I contacted a mortgage broker and found out that qualifying for an FHA loan was a piece of cake. My credit score was quite a bit higher than yours (my lowest was in the upper 600's), but my income was lower (around $45,000) and I had to borrow from my sister just to get the 3% downpayment. I was shocked that I was able to qualify for $220,000 without barely blinking an eye! I bought my house last November and now I am so glad that I finally took the first step and didn't let fear guide me.
Even if you don't qualify now, a mortgage professional can tell you what you need to do to qualify in the future. I have heard that some mortgages require a 620 credit score, but getting from 607 to 620 isn't really that hard and a professional can tell you the best way to do it.
Even if you don't qualify now, a mortgage professional can tell you what you need to do to qualify in the future. I have heard that some mortgages require a 620 credit score, but getting from 607 to 620 isn't really that hard and a professional can tell you the best way to do it.
- Nida Makein, "Nida M"
- Contributions:309
You can always submit an anonymous loan request http://www.zillow.com/mortgage/. This may give you some different options.
Your credit score is on the low side however that doesn't mean that financing a new home purchase is out of the question.
You should contact a qualified mortgage lender. Depending on the circumstances, credit history, job time and location of property a new mortgage may be easier then you think.
You should contact a qualified mortgage lender. Depending on the circumstances, credit history, job time and location of property a new mortgage may be easier then you think.
- Ken Nannini, "KCNTJC"
- Contributions:116
Depends on where you are located....I've heard of Bank of America Retail branches going down to a 580 score, but other than that most lenders are requiring 620. Consider credit repair if that's not an option...you're not that far off. Good Luck.
- NTETS, "Mr Caveat"
- Contributions:6436
have you been stable for more than a couple of years? you probably qualify for any home up to maybe 120k easy enough... (actually you might qualify for 170k, but conventional wisdom says "dont bite off more than you can chew" if you know wht i mean)
I'm an RN with 55K of income, a credit score of 607, and a 6K downpayment. Can I get a mortgage?
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