You still can. Feel free to give me a call. What areas are you looking at. Also sometimes you find landlords that may allow you to explain your situation and if you both make good money they may also consider you as an option id you are willing to pay a security deposit. Also for long term plans you can start repairing your score with some help available out there through different programs and sites. Check out my rental site. Www.realtyaplus/rent... more
Get a second opinion, and get it from someone local. I am not a big fan of online mortgage professionals. Buying a home is probably the biggest purchase you will make in your life. I don't know about you, but I'd like to be able to walk in to the office of my loa officer and shake their hand.
I always advise my clients to shop around for a mortgage. You want to know what the interest rate will be, approximately, what fees you will be asked to pay, are there any 'points' (ask them to explain that to you as well) and what your monthly payment will be and whether those payments will ever increase. You should receive a 'Truth in Lending" statement. Put the three estimates side by side and choose the one that is best, over all, for you.
I also recommend talking to local, mortgage bankers. I do not mean big banks, but small, local companies that specialize in writing mortgages. If you don't know any local mortgage bankers, contact a realtor and ask to be referred. Realtors are here to help people like you purchase homes. They will know who is easiest to deal with, who has the best rates and who can get the job done. They will be happy to help you find a lender in hopes that, if you do qualify, you will allow the to help you find the home of your dreams.
Having said that, USDA loans are zero money down and your credit scores are pretty good. The amount you may qualify for is based on your income and debt to income ratio. So, yes it does sound as if you could qualify for the loan.... more
You may be able to... It will depend on what the loan to value is on your house and what your income and debt levels are. your best bet is to meet with a local and trusted loan officer who can prequaiulify you at no cost and let you.... more
Congratulations on getting your SSN! I believe building a credit rating begins when you get your SSN. However, contact your cellular provider and credit card company and tell them about your new SSN, then ask them if they can report your payment history to the credit bureaus.
If I can be of any further assistance, I am a member of FIABCI/International Real Estate Federation and can be reached via firstname.lastname@example.org... more
Yes. It can be done. Many from other countries have purchased second homes. It is not easy. My experience has been with local banks being more flexible. Also, a good attorney is important. If you need an attorney in Boston who is capable let me know.... more
The credit inquiry when they pulled your score will count as an inquiry but the reasons they check for not giving your credit do now show up on your report. Companies are required to send you a denial letter if they do not approved credit within a certain amount of days. Unfortanately they can click one or many boxes as reasons you did not receive credit. It shows up in their records, but will not show on your report.