Financing in 26554>Question Details

Carolyncurry, Home Buyer in 26554

My Husband and I are trying to buy our first home. We make a good living and will be well able to pay our mortgage. We have an approval from Va for

Asked by Carolyncurry, 26554 Wed Jun 16, 2010

400.000 but are finding it hard to get a bank to finance us. Last year we took a hard hit we had a house fire and he was laid off we still had a income of 25,000 on lay off. My question is Are there banks that will approve us even though our tax returns weren't the best. Bank of America said that it would be next to impossible. We already have a home picked and I know we have GODs favor just need a point in the right direction.\Thank You

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You may want to call the VA and ask them for a list of approved lenders. Don't let them run your credit again until you know which bank you are going with. Also if you don't know the Gov. is giving the $8,000 credit for VA's. If your income is back up again you should still quailfy with another bank with explanation. Or you may find a Lender here that will respond.
all the very best
Dave & Lisa
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0 votes Thank Flag Link Wed Jun 16, 2010
I would contact local community banks to see if they can complete the transaction. In Charleston, these would be Rock Branch Community Bank, Poca Valley Bank, Summit Community Bank. Check your area.
0 votes Thank Flag Link Wed Jun 16, 2010
No John is correct the VA doesn't approve loans however they may have a LIST of approved Lenders that you could contact.
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