If you have tried to qualify but was denied a loan let me know why. I have very liberal guidelines or no overlays above 580 FICO score. FICO scores between 500-579 have more restrictions and require 10% down. If you only have one credit card or credit rating on your credit report and it is only 6 months I would most likely be able to do the loan without other credit or rental history. I generally don't need collections paid of at all. I don't do appraisal reviews, but I do allow appraisal transfers for FHA and conventional. I can also gross up alimony income 125% and I can do 57% debt ratios on FHA if you can afford the house payment(i.e. have other income the underwriter will not look at or can't use)
I promote shopping since it's your money and you can save thousands of dollars. Try to keep it to 3 lenders though.
Mark R. Barrett
C2 Financial Corp
5330 Office Center cr #61
DRE LICENSE #: 01438387, NMLS #: 279056
All the best,
(661) 322-LOAN (5626) office
(661) 206-4029 fax
Purchase Coordinator Representative
901 Safari Drive Suite 105
Columbia, MO 65202
You must be able to show both Marriage Settlemnt Agreement (filed with county) and evidence you have been receiving the payments.
You would need to show either cancelled checks or current bank statements s showing the amount going into your account on a monthly basis.
Let me know if you need a purchase loan for the property or want to get pre-approved (this will increase the chances of your loan being accepted) because I can certainly help you out there. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market