I am a local real estate broker in Danville and do cover Tracy, and I have a number of mortgage lenders that I can put you in touch with depending on your situation. If you are interested, you can call me at 925-263-9872.
If you look at alternative financing sources such as hard money, you may find a taker, but I assure you it won't be any where near 4%; try 3 times that.
Get your scores up.
CEO and Founder
Reef Point Realty & Construction
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or even as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI).
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.
You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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Although there are lenders who will underwrite ficos in the high 500s, it is an uphill battle.
We need to look at why your credit scores are low.
Do you have credit cards that are over 50% of their maximum limit? If so, you should be paying those down and having your credit reran after the balances are paid down. This can bump your rate a TON.
With 30% down, you have cash to do that.
Your second challenge is rate: rates below 4% are gone by the wayside, unless you are willing to go with an interim ARM product.
If you would like to discuss this in more detail, please feel free to email me at: firstname.lastname@example.org
you can get all kinds of info on home buying.
If your credit is not so good be careful. You may find a lender willing o give you a mortgage loan, but you will not get the best terms and conditions.
Best of luck to you!!!
Kawain Payne, Realtor