My suggestion is to speak with a lender, consider doing a 15 yr. Conventionsl mortgage, as long as the loan amount isn't over $417,000, but the loan officer, whoever you choose, should be able to look at your overall situation and tell you what you can qualify for.
Feel free to call me if you have any questions, 972-705-2806, or call Tom Burris. I think we are both honest mortgage loan officers and will be honest with you.
If you have a good employment history (minimum two years in the same job), good savings for down payment and closing costs and income to debt is ok, you may have a chance to get a mortgage loan with a 650 credit score.
Shop around for a mortgage broker that can review all your paperwork and advice you properly.
Best of Luck,
I'm an EBA and I wrote a book called "Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent.
Best of luck!
Also, if you want to just educate yourself a little before going in to talk to lenders, I would suggest you find a HUD-approved counseling service in your area. This will be a free service. Don't pay anyone for this kind of help. The link below will help you find a service near you.
Good luck and warm regards,
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!
Lisa Montes-"Your Home Retriever"
2. 650 score if that is the MID score of all 3 credit bureaus would allow you have loan approva. BASED ON if you pass the other area(s) to qualify for a loan
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
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I can send you to one of our lenders to pre-qualify you. THe key is the down payment amount. Do you have a lot of saving and asset that you can put down as a securty for the loan?
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas
There are many factors that enter into the equation to qualify you and to calculate what you can afford. Most loan officers would be able to go over your situation and help you either qualify now, or design a plan to improve your credit for a purchase at a later date.
I would be happy to help you at no cost and no obligation. We are a Federally Chartered Bank licensed to lend in all 50 states.
Best wishes, Jim 703 615 4675
Thanks again and I look forward to speaking with you.
United Real Estate
I have lenders I can refer you to that will determine what you can afford based on income and debt ratio. I can help you locate the home that you are wishing to find.
E-mail or call me at firstname.lastname@example.org or 215-518-4926, I'll be glad to help!
Lesley Henry, REALTOR