Financing in 89130>Question Details

S.flores91, Home Buyer in Las Vegas, NV

I have 20% down for a home loan. I have bad credit. Can anyone recommend a loan officer that can help me get approved for a loan?

Asked by S.flores91, Las Vegas, NV Tue Aug 28, 2012

I have the means to pay off the negative record on my credit report. I have an average score of 571 at the moment. I have also just paid off my credit cards ( but not closed and am in good standing with) which may bring up my rating a bit.

1 vote Share Flag Financing in 89130

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I work with a lot of people who have less than perfect credit. I tell all my clients that need a pre approval to visit The Lenders Network, I have seen loan approvals from them even with scores under a 600. So if anyone can get your client a loan they can
3 votes Thank Flag Link Sun Jul 21, 2013
Carrington Mortgage can help you. Carringtong has a minimum credit requirement of a 580 credit score and is paying all closings costs
Flag Thu Jan 29, 2015
Do you have reportable incoem, 1040?

David Cooper Investor 702-499-7037
1 vote Thank Flag Link Mon Sep 24, 2012

I pre-qualified for a $600K loan with 20% down on 2/6/13 based on a credit score of 691, first mortgage would have been $17 and second was $63K

Between the and 3/21/13 I had a utility bill nad a BoA debt hit my bill from 2009. this in turn dropped my credit to score to 649. Unfortunately I was supposed to close on 3/26- next Tuesday. My income in 2011 was $337K and in 2012 it was $387K...I dont want to lose this house. Any advice or options are welcome. We applied for an extension today 3/22 but have not heard back from the sellers attorney
Flag Fri Mar 22, 2013
Yes you can get an FHA Loan with a 580 score. I was approved and mine was not much better (595) have you tried The Lenders Network? They specialize in helping people with low credit scores find lenders. I highly recommend checking them out.
0 votes Thank Flag Link Mon Jul 13, 2015
I have a credit expert that can remove most every bad report on anyone's credit report. BK's, Foreclosures, Short Sales, you name it. I use this company all the time to boost my clients credit. Contact me for details 702-400-9266
0 votes Thank Flag Link Thu Nov 29, 2012

Financing is a very intricate process in today's Real Estate world. Here is a bit of information that might help:

Being educated in this dynamic market is the key for you and your agent...if you expect to acquire what you desire:………

Meanwhile, if you're still searching for properties, feel free to utilize our FREE MLS Integrated Webpage to view ALL current and available listings in the Las Vegas Metropolitan Area:

If you need help sorting it all out, we have a very successful closing rate. We can also assist in squaring away that credit issue as well.

Advice courtesy of:

Limestone Investments, LLC. - REALTORS®
LV Property Search
(702) 619-6214
0 votes Thank Flag Link Tue Nov 27, 2012
I would reccomend myself. i specailize in these tough loan situations and handle loans down to a 500 credit score. Please contact me and i will get you a no obligation review and hopefully approval letter same day!
0 votes Thank Flag Link Tue Nov 27, 2012
We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams.

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
0 votes Thank Flag Link Thu Sep 27, 2012
Hello, S.flores91.

When you say "20% down", I have to ask 20% of what amount? Are you looking for a property in a particular price range and basing it upon that? Or are you saying you have $20k toward your purchase? These are factors we need to know in order to give you the answer you need.

However, I have 2 options for you.

Option #1: The following link will give you advice on Las Vegas financing, as well as a few little "tricks" of the trade, if you are interested. Most likely, you will fall into the "Hard Money" category (… ):

See this link for financing facts:

Option #2 is to do a lease/option, since you are very close to attaining a qualifying score. This will allow you the time to raise the score (we have credit repair personnel that specialize in getting this done for you if you need help), as you pay the house down while you are living in it. Further, the end result can reap a lower qualifying price for the home at the end of your lease term, AND give you a better rate on your loan...both good things.

View CURRENT AVAILABLE "Rent to Own Homes" at:

Also, you are welcome to search for homes directly through our MLS Integrated website at:

We hope you find this information useful and look forward to hearing from you, whichever route you decide to take.

LV Property Search
(702) 619-6215
0 votes Thank Flag Link Mon Sep 24, 2012
Hi S. Flores91

I recommend that you call the lady that answered before me, I have used for my
clients to get mortgages for the last 4 years and she has never fail to come thru.

If I can be of further assistance and answer
Any of your other questions please contact me

Jimmy Balsano
Realty One Group
Fax 1-866-371-8421

0 votes Thank Flag Link Wed Sep 5, 2012
Please give me a call so I can discuss your options. I have been in Las Vegas Lending for the past 15+ years.

We can schedule and appointment or we can talk over the phone. you can reach me at 702-281-0122.

Best Regards,
Barbara Estes
WJ Bradley Mortgage
0 votes Thank Flag Link Tue Sep 4, 2012
I have two options for you. I can put you with my lender who we feel is the best in the business and they're able to fund thier own loans as well with private money. I can put you with sellers who can do owner will cary at a minimum of 10% down and then we can refinance in 3 to 4,5 years when you get your credit back up. Thanks, Kim and Matt

Matthew and Kim D’Ercole
Buyer / Investor Specialists
One Source Realty and Management
Cell - 702.501.0973

Website -
0 votes Thank Flag Link Tue Aug 28, 2012
First of all when you say you have 20% down for a home loan - what price point are you looking at. There was no mention of that on your information. You definitely are doing the right things cleaning up your credit issues and glad to hear that you didn't close your credit cards because you do need at least 3 trade lines in order for a lender to qualify you for a loan. I just met someone last week who did say that he has this government subsidized program where they help people here in Las Vegas to get back into being able to afford housing through grants. Take note that I barely new him so I don't have any reference to give you of an actual person that he has helped but that is something that you should definitely ask him to give you and for you to verify. He did offer to help out someone I know and that is how I met him and she has yet to schedule to attend a class that they require for her to go to. I do believe that is a free class. If you are interested to know more, I'll be glad to give you his contact information. You may email me at or call me at (702) 727-9640
0 votes Thank Flag Link Tue Aug 28, 2012
Hi S.flores91

I recommend that you call the lady who answer the questions before me Barbara Estes,
I have recommend her to my clients for the last four years and she has never failed
to come thru.

If I can be of further assistance and answer
Any of your other questions please contact me

Jimmy Balsano
Realty One Group
Fax 1-866-371-8421

0 votes Thank Flag Link Tue Aug 28, 2012
I am a local loan officer...I'd love to help you. Please give me a call at 702.281.0122 or send me an email at
0 votes Thank Flag Link Tue Aug 28, 2012
I have helped many clients with their credit, of couse a better score will improve your interest rate. Please call me and we can analyze your situation. There are programs out there that may be able to help. I am willing to work with you as you are trying to improve your credit. We must work together.
We are a Mortgage Broker and work with many Lenders which means we have many programs that can help you. Please call 939-2474, North American Financial, Thank you, Johnny Peters
0 votes Thank Flag Link Tue Aug 28, 2012
Hi Flores,

Its great that you are working to improve your credit. I have a great lender and a wonderful respectful credit repair company that works with attorneys that will work with you to improve your credit first and get your score up.

Please contact me at 702-612-7099 or email me at
You can get some credit score tips on and also

You can also visit http:/// to search for all the homes for sale in Las Vegas.

Rena Levy
Realty Executives of Nevada
Web Reference:
0 votes Thank Flag Link Tue Aug 28, 2012
Yes, I can recommend someone who will hel[p you. Though, the problem lies not so much in your low score as what might have caused your low score. If it is just unpaid credit cards, then that is easy to fix and repair and bring up your scores. If the low score is caused by foreclosure, short sales, bankruptcy or tax liens, it is difficult to bring up the scores without actually waiting a certain number of years after these things have happened. Anyway call me. I will be happy to help. Myra Gouger / Realty ONE Group / 702-858-9311.
0 votes Thank Flag Link Tue Aug 28, 2012
Please give me a call tomorrow 702-222-0815. You need to get that credit score up to 620+. I have a contact that can do a rapid re-score for you and should be able to have that goal within 30 days. Paying off your credit cards is a great start, but there are 100s of other simple ways to dramatically improve your credit in a hurry.


James Bellile
0 votes Thank Flag Link Tue Aug 28, 2012
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