Hello Tdavidwilson2, all three can go on one application to qualify and all three on title as ownership in different ways to hold title. You may qualify FHA from a minimum 580 fico score and 3.5% down or as low as .5% half percent down payment program. You may consider 5% down conventional with NO Mortgage insurance (Lender paid MI) from a minimum 620 fico score. It only takes a few dozen questions to qualify, go over your options and email listings to study and compare.
The lowest fico score of all three applicants will be the score to go by. Credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. Here are some blogs to read such as Which loan is right for me, Down payment and closing costs hurdles and Pre-approval in minutes.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm Monday thru Saturday, Sundays by appt.
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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Perhaps Homeowners are more interested in offering seller financing if they have a third party loan servicer who can handle the payment processing, collection, tax reporting, property tax and fire insurance impound or monitoring. Check us out, Unified Mortgage Service, Inc., for your seller carry loan servicing. We have been servicing creative real estate loans in California since 1994.
Unified Mortgage Service, Inc.
2020 Camino del Rio N #230
San Diego, CA 92108
Real Estate Broker, California Department of Real Estate 01182001
NMLS 253301, 253661 Michele Canty... more
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