Zillow Advice: Mortgage Types - I have money for a downpayment, but poor credit. Can I get a mortgage? http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ Zillow Advice | Zillow Real Estate Thank you all, especially ... http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ Thank you all, especially Ray, for your help. &nbsp;I'm making headway with a local credit union and broker here in Sac.<br/><br/>Joe Thu, 30 Aug 2012 13:48:00 GMT http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ 2012-08-30T13:48:00Z Joe:A Credit Union whose ... http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ Joe:<br/><br/>A Credit Union whose name Zillow will not allow me to post, saying it's inappropriate content, will do a loan for you in your situation with 20% down. &nbsp;I believe they only do wholesale, but I'm not sure. &nbsp;Contact me and I'll give you their name so you can check yourself and I can also recommend a broker who is signed up with them.<br/><br/>Hope that helps!<br/><br/>And Pat Brisko:<br/><br/>Joe may as well ask the girl bagging his groceries or the lamp post at the end of his street who can do his loan in this situation than to ask two, local banks at random. &nbsp;Please stick to selling real estate and let licensed professionals give direction for lending solutions. &nbsp; Wed, 29 Aug 2012 16:56:00 GMT http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ 2012-08-29T16:56:00Z the standard&nbsp; waiting ... http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ <p>the standard&nbsp; waiting periods&nbsp; to get&nbsp; conventional financing after a short sale range&nbsp; between 2-7 years&nbsp; depending upon what your down payment would be and the&nbsp; reason for the short sale</p> Wed, 29 Aug 2012 16:10:00 GMT http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ 2012-08-29T16:10:00Z Joe,There are banks in California ... http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ Joe,<br/><br/>There are banks in California who will lender with 20% down if your only late payments were on a Mortgage.&nbsp;&nbsp; I would first try a local Credit Union or Regional Bank.&nbsp;&nbsp; Offer to open an account at their bank.&nbsp;&nbsp; These banks pride themselves in strong customer relationships.&nbsp;&nbsp; <br/><br/>If you look you will find one.&nbsp; <br/><br/>Good Luck, Erin Wed, 29 Aug 2012 16:07:00 GMT http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ 2012-08-29T16:07:00Z I suggest that you contact ... http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ <p>I suggest that you contact a loan officer at 2 local banks to determine if you can qualify for a loan.</p> Wed, 29 Aug 2012 15:58:00 GMT http://www.zillow.com/advice-thread/I-have-money-for-a-downpayment-but-poor-credit-Can-I-get-a-mortgage/457770/ 2012-08-29T15:58:00Z