Crystal Beard

Hello Lisa,

I'd also suggest looking into financing because Oregon has some counties that are deemed "declining market" which put additional restrictions on financing. There are so many options but with the amount of guideline restructuring that has taken place you may feel better prepared knowing what to expect and in this market, you need to work with someone who knows what they are doing. We do everything right here in our office and we can get you some information and options before you move.

Call me with your scenario and I'll put together some options for you free of charge. It helps to know what to expect. You can email me at crystal@ambientlending.com or call me toll free 877-777-9763. We lend within the entire State of Oregon. www.ambientlending.com - Fri May 2 2008, 14:20

Hello Debbie,

If you are still having issues with Wamu then email me with your scenario and I'll tell you what you need to do to make it happen. crystal@ambientlending.com

Crystal Beard - Ambient Home Lending.
www.ambientlending.com - Fri May 2 2008, 14:12

Hello Amber,

FHA financing currently requires a 600 score. Conventional financing requires a 620 score (up to 90% of financing). There are portfolio programs that will take a 540 score with 25% of the purchase price as a down payment. You mention you have very little debt but you still have some. 30% of your credit score rides on if your current credit card balances (or any revolving account balances) are over the half way point of your limit. Start with the smaller balances first...look at what their limit is and try to pay those down to at least the halfway point. Your credit score will go up faster if you pay down all balances to at least the half way point then to pay off a credit card in full and leave another one maxed out. Any collection accounts (if this applies) needs to be on a payment plan even if it's only for $20 a month. It shows intent to pay.

If possible, don't allow any delinquencies to occur. If you are late on payments, you are showing little intent to pay on something that would have a large price tag attached to it. Don't allow any accounts to go into collection, make payment arrangements before it goes to collection.

Crystal Beard - Ambient Home Lending
crystal@ambientlending.com
www.ambientlending.com
541-858-2522
Toll Free 877-777-9763 - Fri May 2 2008, 14:10

Hello Shelley,
First time home buyer financing used to allow the buyer the ability to come up with less of a down payment. Financing now doesn't matter if you are a first time buyer or not, you still can go for the same type of financing. If you are looking for a low or no down payment loan then call me. Although there are 100% financing programs, you'll find that the private mortgage insurance company (pmi) will not always insure the loan. So using someone that knows what they are doing and keeps up with the rapid and ever changing guidelines is very helpful.

There are other ways of obtaining a down payment....gift funds and borrowed funds are some ideas but there are many options. Call me with your scenario and I'll put together some options for you free of charge. It helps to know what to expect. You can email me at crystal@ambientlending.com or call me toll free 877-777-9763. We lend within the entire State of Oregon. www.ambientlending.com - Fri May 2 2008, 14:03

Hello,

If you are planning on purchasing, I suggest looking into financing options before making an offer. Purchase financing has gone through major guideline restructuring . Many are finding that even though their loan is approved, the private mortgage insurance company (pmi) are not willing to insure the loan. So you really to work with someone who is keeping on top of it all. There is also government financing and portfolio programs that are available.

Call me with your scenario and I'll put together some options for you free of charge. It helps to know what to expect. You can email me at crystal@ambientlending.com or call me toll free 877-777-9763. We lend within the entire State of Oregon. www.ambientlending.com

As far as lending tree, they charge a $200 application and you really should look into the legal actions they are involved with first. I'm sure if you google it, you'll find it. - Fri May 2 2008, 13:50