Zillow Advice: Approval Process - Need a mortgage! http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Zillow Advice | Zillow Real Estate [Spam removed by Zillow moderator, ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ <strong style="text-align: right;"><em style="text-align: right;"><u>[Spam removed by Zillow moderator, see our&nbsp;<a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>]</u></em></strong> Wed, 12 Mar 2014 20:51:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2014-03-12T20:51:00Z With those finances you are ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ With those finances you are likely able to obtain a loan. The best fit for you would probably be an FHA loan. These loans only require a 3.5% down payment and have easy credit qualification with scores as low as 580. It is also important to understand that factors such as your debt, assets, and employment are important as well.&nbsp;&nbsp;The best thing for you to do is to speak with a lender directly to see if you can get started on financing a new home with your situation. There are lenders like myself that would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me.<br/><br/>Good Luck! Mon, 09 Dec 2013 21:11:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-09T21:11:00Z Hi user4764238you should ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Hi user4764238<br/><br/>you should be able to apply for fha loan considering it is high cost area &nbsp;please see county limit &nbsp;<a href="https://entp.hud.gov/idapp/html/hicostlook.cfm" rel="nofollow">https://entp.hud.gov/idapp/html/hicostlook.cfm</a>&nbsp;<br/><br/><br/>good luck<br/><br/><br/>Omar Khamisa&nbsp; Mon, 09 Dec 2013 01:51:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-09T01:51:00Z Speak with a mortgage professional ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Speak with a mortgage professional as soon as you can to get advice on the make up of your specific credit report.&nbsp; There may just be some quick things that can be done to get you to a 620 score which may allow you to get a conventional loan up to 95% of the price.&nbsp; For instance, if you have any credit card balances near or above their credit limits, it could greatly benefit you to pay these down (talk to a mortgage professional first as it could be more beneficial to have a certain level of down payment).&nbsp; A conventional loan and an FHA loan could be compared for your scenario and hopefully you have the choice of both. Sun, 08 Dec 2013 19:48:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-08T19:48:00Z Hi,Depending on the financial ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Hi,<br/><br/><br/>Depending on the financial situation of the building and other factors (including owner occupancy ratios, etc). you might need more than 5% down. &nbsp;Generally financing a condo becomes easier with 20% down.<br/><br/>Financing a house purchase is easier to do with 5% down, and can be done via FHA financing with 3.5% down.<br/><br/>Your credit score might be your biggest enemy at this point. &nbsp;I suggest speaking with a loan officer who can review your credit and see how you can get that up. &nbsp;It might be easy stuff. &nbsp;If you could get that score up in the next couple of months, you'd have better terms for your mortgage for the life of the loan.<br/><br/>Feel free to contact me with any questions.<br/> Sun, 08 Dec 2013 19:46:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-08T19:46:00Z Hi, Yes please, it would ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Hi, Yes please, it would be greatly appreciated!! Sat, 07 Dec 2013 23:40:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-07T23:40:00Z Hi--I have the name of a ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ Hi--I have the name of a really good mortgage person who could give you the real picture and some advice.&nbsp; If you want me to send along his name and contact information please let me know.<br/>Mary Ann Laurita, Berkshire Hathaway HomeServices Sat, 07 Dec 2013 22:49:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-07T22:49:00Z What can be done to get those ... http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ What can be done to get those credit score up a bit.&nbsp; Where you are at and with the down payment you are looking at a FHA loan.&nbsp; I would imagine there is someone that can help now but your options would be increased if you can get those scores above 620 Sat, 07 Dec 2013 20:47:00 GMT http://www.zillow.com/advice-thread/Need-a-mortgage/521074/ 2013-12-07T20:47:00Z