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76544 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions0

Activity 5
Sat Mar 4, 2017
Financeguy2007 answered:
You have the same problem a lot of veterans run into! At My Loan Is Your Loan I know the lowest credit score for mortgage approval would be 550. Depending on if you purchase through FHA, VA, or USDA determines if you need money down or not. VA has no down payments and USDA so depending on your area with below a 620 its easy to purchase. If you have more questions please reach out.

Brian Young 214-797-3479
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0 votes 17 answers Share Flag
Wed Feb 25, 2015
Jon and Donna Birschbach answered:
The best advice comes from the loan officer. In some cases you have to sift through the process of getting documentation and getting it logged on the system....this sometimes can take months. Your Wells Fargo person is the best for answers ... more
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Mon Aug 12, 2013
Barbara Coker answered:
As they said below, we really don't have enough information to give you a good answer. For example, interest rates have gone up about 1% in the last month or so. That might have pushed your ratios up beyond the sales price you want. Also, if property taxes and HOA dues are higher than they estimated, again the ratios would be squeezed. If you hadn't provided tax returns for that initial qualification, and you have business expense write-offs, your income would be lowered to account for them. The income you gave them might not have been verified in your paystubs. Perhaps your credit scores declined. These are just a few reasons that I can think of right off the bat. Do get a second opinion with another good local mortgage lender. Avoid the banks because their underwriting overlays might not fit with your situation.
Good luck!
Barbara Coker
Licensed Mortgage Loan Officer
100% Home Loans ALL Over Texas!
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Sun Jun 30, 2013
Ms. V asked:
than vehicles, off. We have a few inaccurates on his credit, as the items were paid over a year ago, and i am trying to get them either disputed or paid in full letters. His income is…
0 votes 0 Answers Share Flag
Sun Jun 30, 2013
Tommy Burris answered:
As I understand it.... You always made your mortgage payments on time and the bank sold your house out from under you?!?!?
If you can prove that to an underwriter, you can get a VA loan. ... more
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