You may qualify FHA from a minimum 580 fico score and 3.5% down or as low as half percent down payment program. It sounds like you need down payment and closing costs assistance. I specialize in Over and Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms as necessary. I can raise fico scores within 3-4 days in most cases. Here is a needs list to gather for processing a loan approval, DU Approval or pre-approval letter to get out shopping for a home of your choice. http://tinyurl.com/l9ctod4
Here are some links to study and consider that I offer to qualify in minutes.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm 7 days
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We at Tri-emerald have made a name for ourselves with our guarantee that we we will close in 3 weeks or on time.
Right now most lenders are pretty quick because rates have moved up and business has dropped off. Still we are finding that the guarantee that we will close on time helps our buyers win these competitive bids.
See you are competing against all cash bids, but they tend to bid less than they house is worth. So we can convince the seller that we will perform just as good with a full value offer. On the offers on loans, all most buyers can do is to offer a higher price. The problem is that when the appraisal comes in low, and it will then there will be problems.
Once we educate the sellers, our offer looks pretty good. I know it sounds like a little issue but it is huge when buying a house.
If your credit is less than perfect we are not the lender for you, though I do work with people to improve their credit. If you have credit issues, i think I would recommend Shery Arndt below, though i really don't know much about her, she seems to have some good programs.
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.
The first thing you need to do is to get preapproved by a lender, so that you know how much you can afford. There's plenty of houses to choose from, but there's also competition in today's market. Being ready will give you the upper hand.
Let me know if I can assist you in any way.
DRE # 01759367