Profile picture for HeatherinVA

What are the options to purchase a Fannie Mae owned home immediately with my credit scores above 620

and my income is $13k/yr? Are there any loans that would allow me to use my husbands income also but not his credit (his scores are in the low 500's thanks to a mortgage broker we were working with)
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 01 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (3)

Talk to a reputable mortgage broker in your area.  Your best bet is an FHA loan with a 203k fix-up loan combined.  The repaired value of the home will be used to determine value, and thus, your mortgage.  Or, a rural development loan if your area qualifies.

Good Luck
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 03 2012
Profile picture for HeatherinVA
I was told by the listing agent that this particular home doesn;t qualify for Homepath or any other gov't loan because it needs repairs to be considered livable
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 01 2012
Go to HomePath.com and review the financing options. Then locate an agent who is a Fannie Mae Select Agent. They will have a working knowledge of the HomePath Program, and the experience to represent you in the purchase of a Fannie Mae foreclosure. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 01 2012
 
Related Questions
if I like a house what do I do next? Like getting phone number?
Profile picture for faridabadi
Latest answer by faridabadi
4 minutes ago | 4 answers
Correct offer price?
Profile picture for John Kirch
Latest answer by John Kirch
8 minutes ago | 3 answers
what is the age can you buy a house /
Profile picture for Pasadenan
Latest answer by Pasadenan
25 minutes ago | 4 answers
i want to cancel my account
Looking for a realtor
Profile picture for Tina C. Azarians GRI
Latest answer by Tina C. Azarians GRI
1 hour 2 minutes ago | 19 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.