Joanne

Good Morning Emilce,
First allow me to say that it is wonderful that you are thinking of purchasing. This is a great time to do so, especially if you are a first time buyer. I am hoping that before you started looking that you have been pre qualified by an experience and reputable lender. If you have not, then I suggest that you do immediately. This is the first and the most important step to take before looking at property. This approval is what gets you to the second step, which is choosing a property that is right for you. If you are running your own fico on different websites, that is not the same numbers that the lenders run, so do yourself a favor and do it the right way, and get a referral to a reputable lender that has years of experience, make and appt. sit down, bring your docs with you, and get a pre approval. Loan Products and the availability of Products and qualifications have tightened up due to the financial environment. So I would say that there is limited product out there right now for a 650-680 fica, also keep in mind fica has alot to do with rate as well, the better the fica, the better the rate, hitting 700-720 would greatly be beneficial to you. If in the future you feel that you need some guidance as far as reputable lenders, please feel free to contact me. There are plenty of them out there. Also check out your credit union rates and lending institutions as well to see what products they also have available. I wish you much success in this process, and really hope you can accomplish your goal. I both read and hear that Jersey City is a great place to purchase, and I am hoping to get up there to walk around and see the new city.

Best Regads,

Joanne"Jodi" Fridson GRI,ABR, EPRO NOTARY OF NEW JERSEY - Sun May 31 2009, 07:29