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Cintia, Home Buyer in

WERE INTRESTED BUT DO WE HAVE TO HAVE GOOD CREDIT ND ARE THE PAYMENTS LOW

Asked by Cintia, Mon Feb 9, 2009

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This question is about this property: http://www.trulia.com/property/1064925995-54565-25th-St-E-La…

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As a local Realtor, I can tell you that you would need to have approximately $5,300.00 for your down payment, and $3,600.00 in closing costs, unless the seller is willing to pay some of those costs for you. So keep that in mind when you are thinking about a dollar amount for an offer.

Thankfully, the FHA loan program is more interested in how much you spend on a monthly basis vs. what income you have, instead of putting so much emphasis on the FICO credit number.

I would love to help you by giving you more information regarding that specific community, and I know Dave Slover well and would love to help you purchase one of his listings.

Please contact me for a no-obligation consultation,

Cindi Wolf
Troth Realtors
Lancaster, Ca
661-609-9392
Web Reference: http://www.cindiwolf.com
1 vote Thank Flag Link Mon Feb 9, 2009
you could try for an FHa loan where your credit score would not be an issue but you would need a 3.5% down payment. roughly speaking,with monthly note,insurance & taxes your payment would be about $365.00 per month. you would also need to come up with sufficient funds to cover closing costs. here is the contact info for the listing agent;

David Slover

661-945-4521
0 votes Thank Flag Link Mon Feb 9, 2009
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