good morning..probably..i would need some more info, but i am licensed in florida....why not get in touch, so we can get you pre-approved....bob mcclure- success mortgage partners- plymouth, michigan......

As stated previously, you will most likely have to go FHA. However, you might want to look into obtaining the services of a credit repair service company. I am a mortgage broker and I have referred my clients to a company that has done tremendous work, very quickly and at good prices.

Also, if you qualify for the $8,000.00 I know how you can have that money available at the closing table to be used for down payment or closing costs.

Give me a call at 561-929-0428 or email me at buyyourFLhome@gmail.com and I can go over the program with you. I am a Realtor and mortgage broker so I can help you take full advantage of this unprecedented buyer's market.

Mark Doring
561-929-0428
West Real Estate, Inc.
Bayburg Financial

With an FHA loan, probably yes. On a conventional loan (which I don't blame you for wanting since there woudl be no MI payments), Fannie Mae and Freddie Mac require all of those loans to have at least a 580 credit score. FHA does not have a minimum credit score requirement so your approval would have as much to do with your assets, income and loan amount as it would your credit (although credit still factors into it).

The great thing about FHA is that it woudl not require you to put all that money down. You might need to put more than the standard 3.5% down payment in order to strengthen the file but not necessarily all 25%. That would be determined by teh underwrting system.

You are welcome to call me if you have any questions about the process.

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com

It will depend on if you are self employed or not. You could get private money with that downpayment also.

Melissa Antenucci
Ameritrust Mortgage
561-417-9221