There is alternative financing out there but it all comes at a cost. They will charge you higher interest and the payment can be a lot more than you would really be comfortable with.
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
Some lenders even work with credit repair companies to assist in getting your credit score where you need it to be for that home purchase.
I see you are from Texas. If you would like the name of a good lender and realtor in the Texas area of where you live, please contact me and I can direct a couple to you.
Keller Williams Sonoran Living
Best of Luck!
Poor fico number will be an issue. the question becomes how poor is poor? For FHA the middle score needs tpo be 640 for an approval that has not to many hoops. From 639 to 580 the process gets more difficult the lower the score. While FHA guidelines allow for lower scores, it is the bank that is going to make the loan. And bank may not depending on all the factors present with a low score. Some situations it is better to increase the score than attempt loan approval with a low score just because the loan product exists for low scores.
Loan Officer/Real Estate Asset Planner
Financing Solutions for Arizona Real Estate since 1993
American Financial Lending, Inc.
20860 N. Tatum Blvd, Suite 160
Phoenix, AZ 85050-4277
602 277-3800 w
602 631-9788 f
602 524-2401 c
602 912-9438 h
BK # 0910057 NMLS LO ID # 284875
I'm not an expert in the lending area, but I'm sure you will get some great answers soon!
I wish you the best of luck!
This is why you need a RealtorÂ®!
Call me anytime, if you are looking in northern California or central Arizona.
Always in your service,
Representing the wine industry.
Michelle RenÃ©e Mozell
PO Box 897
Bodega Bay, California 94923
602 292-0753 Cell
480 452-0640 eFax
Bergman Euro-National, RealtorÂ®
DRE License 01879859
5850 Anderson Road
Forestville, California 95436
707 887-9822 Bergman Office
707 887-1211 Bergman Fax
HomeSmart, Associate Broker
20860 North Tatum Blvd.
Phoenix, Arizona 85050
480 443-7400 HS Office
480 664-4357 HS Fax
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Why Choose Michelle?
COMPETENCE BREEDS CONFIDENCE!
In Arizona, I am a Broker, not simply a Salesperson. I assure you, few agents provide the level of service and safety that I deliver.
Here, in California, I am a Salesperson with years of Broker experience in Arizona.
I do not suggest that other agents cannot deliver competent service; I am stating that few others can deliver in every phase of the transaction the level of understanding, devotion to selfless fiduciary care and effective and protective completion of service (whether this is a successful close of escrow or a safe cancellation of the contract) as I do.
Few agents understand the market as I do.
Few agents complete the upfront research as deliberately and protectively and comprehensively as I do.
Few agents uproot important information and documents from the listing agent as I can.
Few agents judge the offer position as I do.
Few agents understand the contract and its language as I do.
Few agents understand real estate law as I do.
Few agents understand real estate financing as I do.
Few agents understand the financial implications of a transaction as I do.
Few agents draft an accurate, effective and thoroughly protective purchase contract as I do.
Few agents understand the connectivity and power of the associated addenda as I do.
Few agents can rip though the Seller's counteroffers and addenda to protect their client from dangerous legal language as I do.
Few agents understand the language of the Inspection Report as I do.
Few agents suggest the level of associated services as I do: Lenders, inspectors, appraisers, termite/pest inspectors and contractors.
Few agents understand the mechanics of the Buyer's rights to cancellation as I do and few agents can protect their client from potential breach of contract as I do.
Few agents have the comparable oversight experience that I do.
And few agents oversee the entirety of the transaction to safely deliver every client to a successful completion, whether that be a successful close or safe termination, as I do.
Competence Breeds Confidence.
Choose Michelle Mozell.