I found that in this area it is a cut throat realistate market with a huge insiders club that controls nearly every piece of avaliable property in the area. There are no real jobs in the area so realistate is basically how everyone is trying to get rich. Doctors and lawers buy up every piece of property, and then rent each room for $500 a month to colledge kids. Most agents will not return a phone call or an email. I would suggest cutting out as many realitors as possible, because I have found, most are lazy crooks and are just looking for easy money. If you try to become a realitor, the compitetion is fierce and the will try to run you out of town.
Thanks for all of the replys. A 662 credit score, from my experince, is not high enough for any home loan. My advice to myself would be, build credit for another year, study the market, and approach a credit union. Take advantage of the county auditors web site and online tax records. Cheers.
I have been lending in Ohio for over 11 years. From the brief description you give above, you stand a very good chance of being approved at excellent rates and terms. You want to be certain of your score, however. I have had many clients who have looked at their own score only to find their actual score 30 to 50 points lower. The reason is that lenderes use a different scoring model than what the public is given from the various sources.
You can feel free to contact me if you have more questions about this.
Senior Mortgage Banker
Home Savings of America
You are describing a scenario that appears to have a good chance of being approved and, in your shoes, I would try. If a local mortgage professional does not reply to you here, let me know and I can connect you with someone who will be happy to help you further.
Best of luck,
Finally, ask your friends for referrals for a good Mortgage Broker. Mortgage Brokers have a wide array of products available to them including all the big banks.