Home Buying in Southgate>Question Details

Geetajk77, Home Buyer in Hayward, CA

we have no credit and my husbend monthly income is only two thousand five hundred can we get home loan piz tell me thx

Asked by Geetajk77, Hayward, CA Thu Nov 1, 2012

This question was asked from this property: http://www.trulia.com/property/3095998835-26088-Kay-Ave-Hayw…

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Sheryl Arndt’s answer
Yes, you can. Tthe CHF Access half percent down payment program which can also contribute towards your closing costs as well. You may qualify with no fico scores at all. When was the last time you had a report ran? I can use alternative credit such as your rental history, and utilities, cell phone, car insurance, etc. to qualify. Here is a flyer and a needs list to gather for processing a loan approval.


CHF Access half percent down flyer, pdf

Sheryl Arndt, standard needs list checked, pdf

I am afraid there is nothing in Southgate under 200k and nothing under 159k in Alameda County other than a few shortsales in Oakland that are probably have an offer submitted to the bank. I can only pre-qualify you for $135k with no debts so are there any other cities you may consider? You can get a nice newer home in the High Desert? What city does your husband work in?
Only need to ask a few dozen questions to qualify?

Sheryl Arndt, Real Estate Broker – Sr. Loan Officer
REO & Short Sale Specialist
20+ Years Experience
DRE# 01140252
NMLS# 297251
0 votes Thank Flag Link Thu Nov 1, 2012
What you are describing certainly doesn't sound promising...your best bet however is to speak with a lender in your community about your particular financial picture. Only by meeting with someone personally, will you get a sold answer.
0 votes Thank Flag Link Thu Nov 1, 2012
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