I'm looking for a lender for a 707 mid fico score with 10% down any suggestions

Asked by Kim, 85262 Mon Sep 14, 2009

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, ,
Tue Sep 18, 2012
Welcome to Trulia, Leeann,

It was interesting to see that the last post prior to yours, was posted exactly three years ago, to the day.

All the best,
1 vote
, ,
Fri Sep 18, 2009

Before you contact anyone for a mortgage loan, take a look at this link: http://www.hud.gov/buying/booklet.pdf.

Here is a brief description taken directly from this site:

"Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage—
whether it’s a home purchase, a refinancing, or a home equity loan—is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars."

Bottom line ... you need to have a reputable lender that you can trust working on your side.

I hope you find this information valuable. Best of luck!

Total Mortgage Services
Web Reference:  http://www.totalmortgage.com
0 votes
Kyle, , Scottsdale, AZ
Tue Sep 15, 2009
We can do conventional mortgages with as little as 5% down. FHA loans are 3.5% down...

Feel free to give me a call
0 votes
, ,
Tue Sep 15, 2009
Hi Kim,
I would appreicate the opportunity to present youwith a few options-so that you can make the best decision.
Working evenings and weekends , I will handle your file from start to finish-to make sure that you get the best service . Feel free to contact me at anytime
0 votes
Lisa Katz, Agent, Scottsdale, AZ
Tue Sep 15, 2009
Hi Kim, As a realtor, I have mortgage brokers I recommend. The 10% down loans are pretty tough to get and you would have to pay PMI - Private Mortgage Insurance on top of the loan which is expensive. Your best option is probably FHA which is only 3.5% down and there is mortgage insurance but it's not as much as the 10% down option. Also since your FICO scorce is 707 the interest rates with FHA for a loan are the same, as with the 10% down, the interest rate depends on your FICO Scorce.
I would be happy to help you find a home and I work with FHA buyers.
My direct number is 602-793-9300. Good luck in your search!
Web Reference:  http://www.lisakatzsells.com
0 votes
Luke Allison, , Asheville, NC
Tue Sep 15, 2009
We have more than a few options available to assist you. From doing a conventional loan with monthly MI or without to an FHA loan with which you can reduce your down payment. I know a lot of lenders are requiring a 720 score to obtain 90% financing but our 90% programs go down to a 700 score.

Let me know if you have any questions.
Luke Allison
Bank of America Home Loans
0 votes
, ,
Tue Sep 15, 2009
Hi Kim,

I would be happy to help you. You can reach me at 480-422-5095.

If you prefer, you can go on line now & complete a "Short Application" at http://www.ezAZloan.com & we can follow up in the morning.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
(480) 422-5095 Direct
Web Reference:  http://www.ezAZloan.com
0 votes
Randy Hooker, Agent, Chandler, AZ
Mon Sep 14, 2009
Jeremy House
Prime Lending
0 votes
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