Home Buying in Austin>Question Details

sd, Home Buyer in Austin, TX

I am applying for a 80/15/5 loan thru a lender. I am having difficulty getting approved for the second loan.

Asked by sd, Austin, TX Fri Sep 6, 2013

My credit score is 679. The purchase price of home is 529,900. Second loan is for around 80,000. I have a lot of negative past debt that had been resolved in early 2011. I am a first time home buyer. Any advice or resourses to obtain this second loan.

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Answers

4
Don Groff’s answer
Hello SD,

I broker with the 3 primary second lien companies in the market today. All are fairly similar with their requirements but I have had to move some clients around from one lender to the other depending on their circumstances.

If you would like to discuss options or your situation in greater detail please feel free to contact me.

Thank you,

_____________________________________________________
Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
Web Reference: http://www.AustinListed.com
0 votes Thank Flag Link Sat Sep 7, 2013
I have a lender that has been in the business for near 20 years that has been able to help almost every client of mine qualify for a loan, even when it has been difficult to get loans through other lenders. The actual answer to your question is that it depends. (Don't you hate when people say that?) The fact is that more details are needed. With information about your down payment, employment, money source, ratios, etc. it is certainly possible that something can be worked out.
Please give me a call, at (512)560-9318, or email me at Connie@TrueDreamRealty.com, where I can get more specific and personal information, that you don't want to discuss in this format. If I can't help you today, I can advise you so that you can accomplish your goal in the near future.
0 votes Thank Flag Link Fri Sep 6, 2013
Call Brian Lee at Supreme Lending 512-909-5779, he has all sorts of programs and he will match you with the right one for you.
Good luck!
0 votes Thank Flag Link Fri Sep 6, 2013
If this is in Texas pls contact me and I will direct you to a lender.


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0 votes Thank Flag Link Fri Sep 6, 2013
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