Financing in Laurel>Question Details

Eric Fleming, Home Buyer in Montgomery County, MD

I would like to buy a Homepath home and I am having some problems getting a loan and working with a mortgage officer who can help me. middle650 score

Asked by Eric Fleming, Montgomery County, MD Sun Nov 25, 2012

my middle score is 650. but i would like to see if i can do something to increase it.

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Terri McColl’s answer
I am a Realtor and I am an FHA 203k loan Specialist. The 203k loan will allow you to roll the repair costs into one mortgage payment. If you are looking for a property that you can fix up then you can do that with any home not just a Homepath listing. Your 650 credit score is fine for an FHA loan. Most lenders provide 203k funding. If you wish to improve your score you can visit to enroll in a credit coach program. Visit my website at for more info. Also if you are a teacher, firefighter, military personnel or police officer visit my Hero Home Source page at for rebates and incentives.
0 votes Thank Flag Link Mon Nov 26, 2012
You can get approved with under a 660 credit score for home loan. I had a 620 credit score and got approved for a homepath loan, The Lenders Network sent me to one of their lenders to get me approved so I would them first.

Good Luck!
0 votes Thank Flag Link Sat Aug 10, 2013
Hi Eric,

If you need some assistance and direction finding a LO to assist let me know.
0 votes Thank Flag Link Mon May 20, 2013

I know this post is kinda old but we have homepath programs and programs for HUD properties.

Get in touch with me if you need any help.

Joseph A. Ray
Mortgage Broker
Branch Manager NMLS # 204912
Sutherland Mortgage Services, Inc.
10015 Old Columbia Rd. Suite B215
Columbia, MD 21046
Cell 443-303-7573
Office 410-290-6244
Fax 866-833-4210
0 votes Thank Flag Link Sun May 5, 2013
Not all lenders offer Homepath loans. You just need to find one who does. I have helped several buyers buy with Homepath. Please let me know if you have anymore questions.
0 votes Thank Flag Link Sun Nov 25, 2012
I also work with several lenders that should be able to help you but there must some kind of issue that is holding you back. Homepath properties are foreclosures and although they will finance the property and even lend you rehab money their rates are usually very high. One question to ask you is why a Homepath property? There are 100's of foreclosures out there.
0 votes Thank Flag Link Sun Nov 25, 2012
Hi Eric,

I work with several lenders who can assist you with determining what might be the issue.

Please feel free to contact me. I would be more than happy to provide you with those references. Each lender has different qualifying criteria, so a different lender may be what you need.

Sherrell Haynie
0 votes Thank Flag Link Sun Nov 25, 2012

I would recommend giving a good lender a call. I recommend Nick Pakulla with First Place Bank. His main office is in Rockville. 301.585.7283
0 votes Thank Flag Link Sun Nov 25, 2012
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