Home Buying in Laredo>Question Details

twana.nava05, Home Buyer in Dallas, TX

SUB PRIME LENDER NEEDED

Asked by twana.nava05, Dallas, TX Sun Jun 30, 2013

I have credit challenge , I can do 35% down on 57900 home , can do 800 month for 5yrs . I am veteran and good job . Can someone please help moving to Laredo soon very soon

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The mortgage industry isn't like it was in the past. In the current environment FHA is essentially the sub-prime lender today. Currently about 97% of all mortgages are backed by FHA, VA, Fannie or Freddie. FHA has the lowest underwriting standards so they are essentially what you are looking to do.

I would contact a mortgage broker, not a bank, and talk to them about getting a FHA loan due to your current credit issues. You can see what they can do to help you.

Regards,

Chris Hutchinson
REALTOR(R)
The Michael Group
972.809.0607
http://www.chrishutchinsonrealestate.com
0 votes Thank Flag Link Sun Jun 30, 2013
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