Hello. I am able to finance purchases down to 530 with one lender - the rates are higher. If your middle score is 580+ and the down payment is coming from your own funds then we can put you on a 30 year fixed rate at 5.5%. A few factors for approval are:

12 month verifiable rental history with 0X30 day lates
must have your own funds in your own account for the down payment seasoned for 60 days
reserves with debt to income ratios greater than 45% - 3 months worth of mortgage payment
2 years tax returns with verified filings via the IRS to support income - average adjusted gross income over 2 years must be enough to qualify

If this works please visit my website at http://www.mychartermtg.com/instructions.html This will give you a list of all the documents we will need, there is a link from that page to the online application. thanks.

Jeff Hutchison
Senior Loan Officer with 15+ years experience.
678-239-4652

It will be difficult to get a loan with a credit score of 580... Most lenders will ask for a minimum score of 620 to get you approve for FHA loan... Some lenders might work with you will a score less than 580 depending on your credit history, employment history and other factors, but they may charge you higher interest rate... So, it will be vest for you to work on your credit score and try to bring it to 620...
All the best...

I have 2 lenders that I work with, one has told me that within a short time (being a week or 2) he can help you get your credit score up to where you would qualify. I have another that will look at your whole situation to consier you for a mortgage. I just put someone else in touch with this person and they are now on their way to homeownership. If I can further help please let me know.
Your friend in real estate,
Kim : )
Kimberlie Slade, SRES, PMN, TRC
Seniors Real Estate Specialist
Women's Council of Realtors
2006 & 2007 Past Venice Chapter President
2008 Chapter Mentor of the Year
2007 WCR National & Florida State Chapter of the Year
2007 WCR Chapter Business Women of the Year
2008 & 2009 FIVE STAR AGENT "Best in Client Satisfaction"
2008 Top Producer
Corin Bay Real Estate, Marketing and Sales, Inc.
Kim@KimSlade.com
941-468-9843

I work with a lender that can possibly finance a home for you. You will probably have to reconsider how much house you can purchase.

Feel free to give me a call to discuss your options.

Sincerely,
JACQUELINE CLARKE
Enterprise Mortgage Group
Winter Park, FL
Cell: 4077393853
email: jclarke@enterprisemortgagegroup.com

I saw this question and I hear your frustration.

Try calling Sabal Palm Bank as they are a local lender and I have been told that they do not utilize credit scores...

email: kcollums@sabalpalmbank.com or call her at 941-806-0427...tell Kathy that Robin DiSabatino asked you to contact her and see what she can do for you...

If this works out...I would be happy to assist in helping you secure the best home for your needs!

Looking forward to hearing how this works out for you...

Robin S. DiSabatino
Michael Saunders & Company
Cell: 941-685-5368
email: Robindisabatino@michaelsaunders.com http://www.FineHomesOfSarasota.com

Hi Jess,
My firm offers free credit repair to get you to the 620 middle score. Please call me to discuss all of your options further.

thx,
Frank Olguin
Mortgage Banker
AmericaHomeKey Inc.
500 W. Cypress Creek Rd, Suite 330
Fort Lauderdale, FL. 33309
Folguin@americahomekey.com
Hablo Espanol
office 954-771-7715 x104
cell 561-386-9731
pfax 954-379-4469
Florida Mortgage Lender
No. ML0700325

Hey,

Like David said, brokers still have a couple of options to get your loan done. We still have some wholesale lenders that allow 530 and above scores but you will need to prove your income through tax returns. You will also need to be self employed for at least 2 years or 1 year if you are now a consultant or something along those lines within the same industry you left employment from. Essentially, you need to talk with a broker about your entire situation and discuss your options.

Joshua Lerette - The Tampa Bay Mortgage Pro
Innovative Mortgage Services, Inc.
727-488-7355
josh@thetbmortgagepro.com

I have two lenders if you have full documentation.

I might have a lender for you I would have to look at the total package, if credit is the only drawback I might be able to work with it.

You can fill out a loan application here: http://www.floridadreamloans.com/loanapplication