Financing in Clovis>Question Details

Robert Herre…, Renter in 45459

With a average credit score can a person still qualify for a home in the price range of $130,000? or is this to much to hope for?

Asked by Robert Herrera, 45459 Sun Aug 5, 2012

Is there groups or people to help in this matter?

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10
I have been trying for years to get financing and NO LENDER will even look at you if your score is below 620
0 votes Thank Flag Link Tue Oct 23, 2012
Hello Vicki, I emailed you a Lender in your area with the credit overlays. Let me know what happens. Good luck.
Flag Fri Oct 26, 2012
What has been the reason they have been denying you?
Please email me for a private conversation.
Michael.remax@hotmail.com
Flag Tue Oct 23, 2012
Most Lenders require a minimum 640-620. If you have a score between 500-579, you will need 10% down payment for FHA. If you have a minimum 580 fico score you may qualify FHA CHF Access half percent down payment program which can also contribute towards your closing costs. Do you have down payment and closing costs saved? If not, this program will get you into a home purchase with approx. $1,000 out of pocket. I also offer credit repair at no cost to raise fico scores to qualify. I only need to ask a few dozen questions to pre-qualify you to buy.
I specialize in Under 640 Fico Score Loans.

CHF Access half percent down brochure, pdf
http://tinyurl.com/9fak6ho
Sheryl Arndt, standard needs list checked, pdf
http://tinyurl.com/9m2rsb2
Why Rent brochure
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
CHF Access income limits http://tinyurl.com/8lzf8he

http://www.Under640FicoScoreLoans.com
http://www.FrankandSheryl.com

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Tue Oct 23, 2012
Yes, trust you have at least a FICO of 620.

Good luck.

Perry
0 votes Thank Flag Link Fri Oct 19, 2012
Hello Ruth & Perry, I specialize in Under 640 Fico Score Loans and offer the CHF Access down payment and or closing cost assistance program throughout CA. You only need a minimum 580 fico score to qualify as a FHA loan. I also do fico between 500-579 with 10% down FHA. I also offer the USDA Rural with a minimum 620 fico score with no mortgage insurance. I offer credit repair at no cost to raise fico scores to qualify. I assist Agents/Brokers clients throughout CA. Don't throw away those files, I can fund them.
CHF Access half percent down flyer, pdf http://tinyurl.com/9ewk9nq
CHF Access income limits http://tinyurl.com/8lzf8he
Sincerely,

http://www.Under640FicoScoreLoans.com

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Sr. Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
Flag Fri Oct 26, 2012
I can qualify you to buy a home with the minimum 580 fico score for only half percent down payment. The down payment would be $650 down and $951 PITI with Access program. I specialize in Under 640 Fico Score Loans. I also offer credit repair at no cost to raise your fico scores to qualify. This loan is an FHA 30 yr fixed rate loan. Call to qualify and buy today. Here is what is available in Clovis under 450k. There is one at $124,900 which would be $650 down and only $915PITI.
Click the following URL to see the Listings:

http://www.mrmlsmatrix.com/DE.asp?k=1164647X4KQN&p=DE-11…

CHF Access half percent down brochure, pdf
http://tinyurl.com/9fak6ho
Sheryl Arndt, standard needs list checked, pdf
http://tinyurl.com/9m2rsb2
Why Rent brochure
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
CHF Access income limits http://tinyurl.com/8lzf8he
http://www.Under640FicoScoreLoans.com
http://www.FrankandSheryl.com

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Fri Oct 19, 2012
Good morning Robert,

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Most Lenders require a minimum credit score of 640 in the current market, although some Lenders will go below this down to 620 scores. Your Local Mortgage Banker is the best person to provide you with a clear, concise answer to your question.



Good luck!
Trevor Curran
NMLS #40140
0 votes Thank Flag Link Mon Aug 6, 2012
Hi Robert:

There's certainly a right way and a wrong way to go about buying a home - thankfully, you are asking the right questions. Truth is, only you can supply the information to obtain the answers to what you are asking.

You see, when it comes to "financial vetting" there are different levels of quality. For example, there are key differences between a "Pre-Qualification", "Pre-Approval" and what I call a "True Pre-Approval", which you should seek, as described here: http://www.Steven-Anthony.com/GettingStarted

In regards to where I would suggest you obtain your "True Pre-Approval": While there are occasional exceptions in service level; I would recommend avoiding the Retail banks (Wells, BofA, Chase, etc.) for your True Pre-Approval. Here's why: "Retail Banks vs. Mortgage Broker/Bankers" http://tinyurl.com/6qln6nd

-Steve
0 votes Thank Flag Link Sun Aug 5, 2012
Hi, Robert. Anytime you have questions about qualifying for home loan, go straight to a reputable lender. They're the ones who can look at YOUR particular situation and tell you whether you qualify for a loan. FYI, if you do qualify for a home loan, then I would check with 2-3 other lenders to compare rates and costs. They can vary quite a bit.

Hope that helps.

John
0 votes Thank Flag Link Sun Aug 5, 2012
What do you consider an "average" credit score? FHA has programs for lower scores. Many will tell you that you need a 620 or 640 to get FHA financing, but that's simply untrue. FHA allows down to a 500 score and while it's true you probably won't find anyone doing FHA loans with scores that low, in California I can do an FHA mortgage with a score as low as 560 with 10% down and 580 and up with 3.5% down. Obviously there are other qualifying criteria than just credit score but if you fall in the range I stated, there is hope. Contact me for more information.
Web Reference: http://WeFixRates.Com
0 votes Thank Flag Link Sun Aug 5, 2012
You need to talk to a Lender. Contact me and I'll put you in touch with a lending professional that can help you...or at least help you understand your situation and what you need to do in order to buy your home.

Jo Souza, Realtor
London Properties
(559) 288-6164
http://www.josouza.com
0 votes Thank Flag Link Sun Aug 5, 2012
Actually you can qualify it just depends on your employment history, and cash your down payment.
If you would like you can call this number (559) 917-4180 and ask for John. This is a gentlemen that I trust when it comes to helping my clients get prequal before looking for a home.

If you n\have any real estate needs or questions you can call me any time

My name is Michael and I work for RE/MAX here in Fresno/Clovis Area.
(559) 472-5120 is my number. Call me anytime.

Have a good day

Michael
0 votes Thank Flag Link Sun Aug 5, 2012
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