620 credit score + , 3.5% down payment, debt ratio, employment history, 2 years financial statements
THAT IS NORM, however I do not have required info. make any further detailed information.
Your buyers agent should be able review all with you.
RULE of thumb: Never purchase a home direct from a bank, builder, for sale by owner, listing agent UNLESS you have your OWN agent who represents you.
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Homesteps is a FreddieMac program for realse of REOs. You really need a professional real estate agent to assit you with the process. Tehre are a lot of pros and cons on buying properties from a bank. It can be tricky.
A mortgage specailist also is needed to asnwer your questions about qualifying for a loan.
You may already have seen this web site: http://www.homesteps.com/hm01_1findahome.htm