Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in 60638 : Real Estate Advice

  • All25
  • Local Info4
  • Home Buying11
  • Home Selling2
  • Market Conditions1

Activity 1
Fri Jul 29, 2011
Daniel answered:
Your going about it all wrong,

regardless who ownes the property, bank or private individual, you must first qualify for a home loan


First thing to do is to call your favorite mortgage company anf get qualified

you need,

2 yrs employment history,

the income necessary to pay the note

not too many bebts/collections

a credit score of at least 580 for FHA, and 3.5% cash down, and 4% cash to close the loan

good luck
... more
0 votes 8 answers Share Flag
Search Advice
Search

Followers

956