The days of easy answers to home loans are in the rear view mirror. Easy answers are non answers now. You have to deal with the specifics.
There are credit history, debt to income ratio, income stream, and special items. Special items could include questions about the nature of the income stream, questions about items on your income tax, etc.
If you would like specifics, go to www.Zip711.com and click the Trulia menu tab.
I interview prospective buyers and sellers on a regular basis. I would be glad to speak with you once you have spoken with a lender and have a letter of prequalification. If you would like a list of local lenders to consider, please contact me at Zip711.com.
Carolyn Grimsley, CRS, ABR
Certified Residential Specialist, Accredited Buyerâ€™s Representative
Licensed by Louisiana Real Estate Commission
Realty Executives SB
In Bossier, 4012 Benton Rd suite 110
In Shreveport, 8575 Fern Avenue Suite 105
Each company independently owned and operated
There is a Rural Development loan where you can go zero down and the credit score can be 600 or more.
There is aa FHA loan that you can have a 580 credit score or more. On this you put 3.5% down.
Please let me know if I can help you. I would love to find you a house. Thank you, Mischa... more