108 views
Michael Mullin
- 5 Helpful Answers
- 9 Answers
Locations:
Web sites:
Profile Link:
Experience:
Branch Manager for First Priority Financial, DBA Lake Spokane Home Loans
May 1999—present
Helping families purchase and refinance their homes
Helping families purchase and refinance their homes
Specialties:
FHA, VA, USDA, and first time home buyers
Certifications
& Awards:
& Awards:
I'm licensed in Washington, Idaho, and California
Interests:
Anything outdoors. I also volunteer for two Spokane search and rescue teams.
... show more
Testimonials:
"Mike has closed several loans for our family and has provided by far the most personalized, best-informed and most thorough service of any mortgage agent
... show more
Michael Mullin answered:
Jayne, I work with these kinds of challenges all the time and as a broker have access to hundreds of national lenders.
A credit score of less than 620 is very difficult to get approved and it would be "best" if you were not on the application. If you are not on the application there is no way to "count" your income. Your son and husband would need to qualify with just their income. Increasing the challenge is that Washington is a community property state so lenders are required to add any of YOUR individual debt into the equation - your debt is your husband's debt.
I do have lenders who will consider credit scores of less than 620 but it is not a quick process - and anyone telling you it would be is just not being honest. It might not even be possible as the credit score itself is just one of dozens on criteria the lender bases their decision upon.
In my opinion I'd try to have your husband and son make a full loan application first and see that through until that is proven not to be an option. If it's not, then I'd add in your information and work with a lender who has access to sub-600 score lenders.
If you'd like more help with this and want to apply just give me a call. I'll be around this weekend and my telephone applications take about 15 minutes on average.
To see my blog post on how lenders play with your interest rate check out Spokane Homes Blog.
My office line is 509-252-9151 and I'm right her in Spokane.
A credit score of less than 620 is very difficult to get approved and it would be "best" if you were not on the application. If you are not on the application there is no way to "count" your income. Your son and husband would need to qualify with just their income. Increasing the challenge is that Washington is a community property state so lenders are required to add any of YOUR individual debt into the equation - your debt is your husband's debt.
I do have lenders who will consider credit scores of less than 620 but it is not a quick process - and anyone telling you it would be is just not being honest. It might not even be possible as the credit score itself is just one of dozens on criteria the lender bases their decision upon.
In my opinion I'd try to have your husband and son make a full loan application first and see that through until that is proven not to be an option. If it's not, then I'd add in your information and work with a lender who has access to sub-600 score lenders.
If you'd like more help with this and want to apply just give me a call. I'll be around this weekend and my telephone applications take about 15 minutes on average.
To see my blog post on how lenders play with your interest rate check out Spokane Homes Blog.
My office line is 509-252-9151 and I'm right her in Spokane.
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Michael Mullin
Michael Mullin is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
Become a Trulia Voices VIP!
Here’s how:
-
Contribute Often
It only takes 5 contributions per week to become a VIP! -
Strive for Quality
An answer earns you 4 points, but a Best Answer earns you 20 more. You know what to do! -
Share your Content
Blog views and comments earn you points as well. Find out how to make your posts popular on Trulia and take action!
Learn more about the Trulia Voices VIP Program.
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback