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Financing in Edwardsville : Real Estate Advice

  • All44
  • Local Info3
  • Home Buying8
  • Home Selling4
  • Market Conditions1

Activity 4
Wed Apr 26, 2017
The credit score of 620 is a lender overlay. I would find a broker that works with lenders with no overlays. I would love to help if you were in Florida.
0 votes 6 answers Share Flag
Thu Sep 27, 2012
Good afternoon Roxy,

It is unlikely you can qualify for a mortgage loan at this time without a FICO score and a credit history established for at least 2 years. Take the time to do that before you undertake the responsibility of buying a home and taking on a mortgage.

Some lenders will tell you they allow for a non-traditional credit history. I've done many loans with that method---in the 1990's. Today's credit standards are much stricter and most EVERY Lender wants and established credit history with a FICO score.

Trevor Curran
NMLS #40140
... more
0 votes 7 answers Share Flag
Tue Jul 14, 2009
mortgagegals answered:
Hi Jack, what is the loan amount that you are trying to refinance, and has your home value went down, and what type of loan is it that you are trying to refinance... I am a loan officer in metro east... please call my office @ 618-594-8648... ... more
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Mon Jul 13, 2009

If you can do a 15 yr mortgage, go FHA. That will alow you to avoid the mortgage insurance. You will still have to pay the up front mortgage insurance though. No way around that one. But at least its not monthly...

Danny Castagna
Sr Loan Officer
E-Mortgage Management
... more
0 votes 7 answers Share Flag
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Financing in Edwardsville Zip Codes