You will need to be pre-approved if you decide to buy and to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.
I have a few favorites I can share with you, if you're interested.
Amy Heather Morton
Coronado Living Luxury Homes
Keller Williams Realty
1033 B Ave Suite 100
Coronado, CA 92118
Broker CAL-BRE #01295699
Each office is independently owned and operated.
I also have relationships with Loan Officers and Realtors across the country that are familiar with our services and are willing to assist you.
~We offer a FREE consultation for credit restoration
~Typically 70% PERMANENT deletion rate of negative, unverifiable, & inaccurate information from your credit reports utilizing our Trademarked V-phase audit process that includes ALL 3 Credit Bureaus, the original creditors, & the collection agencies.
~Typically 50-80 point increase in your credit scores
~6 months MAX (our program will not exceed 180 days)
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WE GET RESULTS AND GET PEOPLE INTO HOMES!
Darren Sessom, CCRS
3rd Generation Realto
Coldwell Banker Royal Realty
Ca. BRE License 01410160
Definitely avoid a BK if you can. It will severely impact your ability to qualify for years. Contact me directly so we can set up a home ownership strategy for you. What is crucial to pay off and how fast you can get there...
If you can avoid BK you should. There is a book available called Total Money Makeover by Dave Ramsey. It has been a life-changer for many people. The books teaches you how to get out of debt.
Dot Chance, RealtorÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
DRE License #01494182
Keller Williams Realty World Media Center
WHEN YOU THINK OF REAL ESTATE...Think DotChance.com! My business thrives from your referrals!
Many buyers find it helpful to speak to and work with a lender to work out any credit issues or problems as they are in the process of getting pre-approved for a mortgage loan. I would not recommend a BK unless you have a creditor trying to file a judgement against you and after consulting with a BK attorney. As was stated by another Realtor, A BK should be your last resort as it will delay your ability to get a loan for many years.
I refer my clients to Jason Gill at Prime Lending, he is great to work with and can guide you through the mortgage process. Hi email is: email@example.com
I would be happy to speak with you about the home buying process and you can get more information at my website.
Magnus Realty Group, Inc.