It only takes a few dozen questions to qualify, go over your options and email you listings too. Here are some blogs to study such as Which loan is right for me, Down payment and closing costs hurdles and Pre-approval in minutes.
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But if not, we will do Conventional down to 620.
Cross Country Mortgage
323 546 8066
Specializing in Illinois and California
RATED A+ WITH THE BBB
*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 600 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 640 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
*Closing loans in 3 - 3.5 weeks
My first reccomendation would be to make a list of cities in the valley you are interested in living in. Then I would reccomend going to HUD's FHA approval roster located at https://entp.hud.gov/idapp/html/condlook.cfm . From there you can identify what condos in that city are FHA approved by searching the cities on you list. I would also reccomend searching by zip code because some condos on the roster have the city entered incorrectly.
Write down the condos that you find that have the status Approved and are not expired. You should include the condo name, condo id, expiration date and address.
Now you have a list of communities that can accept FHA offers. They may not even know they're approved so keep the list handy and share it with your agent so they can better target your listings.
Hope it helps!
Yes there are a few, but because of the recession and new FHA rules there are not a lot. Like Sara said, it's important that you work with an experienced realtor and lender. Let me know if you need any help, and good luck!
You can do a 5% conventional loan but like said before, the HOA's will have to be good financially with their funds in the bank and no pending litigations.
Call Rob @818-340-5900, tell him I sent you and he will take care of everything.
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