You can get FHA financing with 10 percent down payment at the 560 middle fico score. Underwriting will be done manually and debt to income ratio over 31/43 will not be approved. You should provide complete information to be able to get a property mortgage pre approval.
Sanjeev Ahuja, MLO NMLS 148731
Over Two Decades of Financial Service Industry Experience
The listing agent probably told you what the seller told them. Our MLS listings contain language that says:
"the accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals."
in other words: Caveat Emptor (buyer beware)... it's the buyer's responsibility to confirm everything that's important to them.
It's very likely that it wasn't an attempt to trick you... It's very common for a seller to tell me that the furnace is only 6 years old, and when I have them produce the invoice, it shows that it was installed 10 years ago... it was an honest mistake... it just felt like it wasn't that long ago.... more
Hi Melody, what is it you are trying to post? If you have questions regarding buying or selling a home please feel free to contact me directly and I will help! 701-6947 is my direct line.
I look forward to working with you!
~Sarah Barrows with Keller Williams Realty... more