Reverse Mortgage, or Senior Reverse Mortgage, allows for a new home purchase with the use of reverse mortgage funds, this rule does not apply nationwide. Although HUD and the FHA recently passed the HECM Reverse Mortgage home purchase program, allowing you to purchase a new home with reverse mortgage proceeds, borrowers in Texas are not yet eligible. Rules in individual states may vary. Please see a specialist in your own state for more details.
Quality Mortgage Lending
If you are still a student and going to enroll in a class you can obtain a letter saying that the loan/debt is going to be deferred for at lease 12 months. As for creidt don't worry about it to much, I can do as low as 530. call me Direct- (630)225-7566/Cell-(773)297-9080. Call me when you can.. I would be happy to help!! E mail me at email@example.com.
I am a local mortgage broker and would be happy to help you get pre-qualified for a loan.
We work with over 30 lenders to help you get the best possible financing. Our lenders will go as low as a 580 score on an FHA mortgage. SMC carries an A+ Better Business Bureau Rating and has worked in the community for over 15 years! Please call me at 630-478-2684, email, or visit my websiste to get started.
We look forward to working with you!
Smart Mortgage Centers
firstname.lastname@example.org / http://www.smartmortgageinc.com
My colleagues have given you some sound advice. I also suggest that you shop around. Many banks have different programs that they run for people with less than perfect credit. Mark Fritsch at BMO Harris Bank (email@example.com) has over 20 years of experience with helping people get mortgages. You may call him direct at 773.631.9390 or you may also visit my free website at http://www.idealhomesinchicagoland.com to get more information. Let me know if there is anyway that I can be of further assistance.
FHA has certain guidelines that will allow you to obtain a mortgage as long as your student loans are deferred. Best bet is to speak with a lender directly. Give Michael Del Preto a call, he is very knowledgeable and wont waste your time.
Michael Del Preto
Senior Mortgage Banker
Newman Realty Group
We lend FHA loans as low as a 600 middle credit score. If those student loans are currently on time, we should be good to go. Give me a call if you would like a free no obligation quote.
Quality Mortgage Lending
You can give me a call, send me an email, or go to my website to fill out an online application.
I'd be happy to help.
Senior Mortgage Consultant