For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 893-1177.
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Hello, as your question is difficult to answer without speaking. Our firm a Mortgage Bank & Broker we may have options for you as we deal both with private funds and traditional. I could provide options that go less than 600 on a credit score feel free to reach out when you have some time.
We can lend FHA down to a 600 middle credit score. Give me a call in the office or on my cell if you want to get prequalified.
Quality Mortgage Lending
*FHA down to 600 Fico Scores
*USDA no money down loans
*$100 Hud Purchase Program
*Pre Approval letters in 24 hours or less
*Unlimited LTV on Fannie Freddie Harp Loans
*Jumbo Loans to 90% LTV with no mortgage insurance
Jeri Jynn Fox, MBA
USA Mortgage Corp
Credit score is part of the process but not all of it and having a good co-signer is great backup. Buying your first home is exciting and the best thing to do it put together a great team that will work hard on your behalf.
Start with a good lender who will be able to take you through the process and understand how it works and one that will be patient with you. You can go with a banker or a broker. Banker works for a specific bank (US Bank, Citi, Chase, etc) while a broker can choose between the banks and sometimes the best product.
I have one of each that I work closely with for many years and would trust with my own home loan or send family their way. You can call me and I would be happy to share their information: 630-446-0289.
On top of a good lender you need a good Realtor, attorney and inspector. Get recommendations from friends and family. I don't want to step on any toes if you are working with a Realtor but if you are not and are interviewing feel free to ask me any questions along the way.
I've been a Realtor since 1998 and have worked and helped many first time buyers such as yourself find a great home. Love what I do and love being able to educate first time buyers on this process and how much fun it can be. If you're mom or dad are going to be involved I can also chat with them along the way to make sure they are comfortable with who you are working with.
firstname.lastname@example.org is my email and my cell phone is above. Reach out when you are ready but first good step is to work towards that pre approval so when you do start looking you know that the home you are looking at are homes you could make an offer on.
Hope to hear from you and hope this has helped at least a little bit.
You will probably want to look into an FHA loan based on what you listed in your question. FHA loans are more forgiving with regards to credit score, allow as little as 3.5% down and allow co-signers.
Here are a few points to consider with regards to the FHA loan:
Student loans do not have to be counted in your debt-to-income ratio provided they are deferred at least 12 months after your closing.
Having your parents co-sign with you will help but you will still have to have a high enough score on your own to qualify since lenders use the lowest middle score for all borrowers. There are lenders that say they can close loans with scores as low as 580 but I don't recommend going that route. You really want to get your score to the 620 or higher range. 640 will make a big difference in the rate you can obtain.
Consider how much you want to spend per month on your total payments. Don't forget to consider homeowner's insurance, property taxes as well as any association dues that might apply. What you can qualify for and what you are comfortable spending are two totally different things.
Let me know if I can help review your credit and give you some ideas to help raise your score and get you in better position to purchase once your school is done.