Home Buying in Waukesha>Question Details

Taakniewel, Home Buyer in Saint Croix Falls, WI

We have bad credit due to a failed business caused by situations beyond our control. We soon will need to buy a home in Waukesha.What are our options?

Asked by Taakniewel, Saint Croix Falls, WI Mon Apr 8, 2013

We have a home to sell in northern Wisconsin. What are the chances that a financial institution will work with us?

Help the community by answering this question:


Bank mortgage officers can usually handle your type of situations in house and not depend on other banking institutions for approval. I recommend:
George L. Waldkirch
Loan Originator
NMLS # 247334
Office: 262-532-6132
Fax: 262-367-8421

Hartland Office
400 Cardinal Lane
Hartland, WI 53029
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0 votes Thank Flag Link Fri Apr 4, 2014
Hello, my first advice would be to contact a mortgage professional. I would be more than willing to help answer any questions you might have regarding your concerns about creidt issues. We do offer the FHA Affordable program that allows you to to put down as little as 10% with a score as low as 500 or as little as 3.5% with a score as low as 550. Please feel free to reach out to me for more information. Thank you. Christopher Lovald-AmeriCU Mortgage 262-951-1893 clovald@americu.com
0 votes Thank Flag Link Wed Apr 2, 2014
My advice is to contact a lender first and go over your situation with them. Then if they say you can get a loan, ask for a preapproval letter before you start looking. This should always be the first step in the process.
0 votes Thank Flag Link Wed Apr 24, 2013
Hello: We are able to lend on an FHA loan down to a 580 credit score. Are you and your spouse now employed again after the failed business? Did you have any Bankruptcy or Foreclosures in the last 7 years? Every situation is unique so I would like to discuss yours in more detail. Please feel free to call me or fill out an online applicaiton on my website:

Mandy Fritsche, Mortgage Loan Officer, NMLS# 557211, Prospect Mortgage,
262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.com
0 votes Thank Flag Link Mon Apr 8, 2013
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