The 3.5% down payment can be from the borrowers own funds or it can be gifted from a family member. Getting Pre-Qualified is the only way for you to find out your options.
With scores that low, there are probably recent lates on your credit report. I would suggest first working on paying all of your bills on time for at least 12-24 months. Some of your unpaid collection accounts are probably also reporting you as late each month that the account remains unpaid. Paying those in full will begin the process of rebuilding your credit. Tax liens impact title position and therefore must be paid in full prior to a real estate closing.
Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified you purchase, you can submit your request online at http://www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing
Plan on paying off the tax lien.
Isabel Elsesser, Realtor
First United Realty
Save Time & Money!
Over 25 Million SOLD
Cheryl Amari Heugel
Keller Williams Realty Chattahoochee North
These Mortgage Lenders I work with have an outstanding track record with me on getting clients approved for a Mortgage Loan.
Please, contact me through my Trulia Profile so I can put you in touch with one of my Mortgage Lenders and put you in your First Home as soon as possible.
I look forward to hearing back from you.
Have a Great Day,
Keller Williams Realty