If my credit score is aroudn 650 what is the chance of getting a 0 down payment loan for a $500,000 loan in

Asked by Ter, Santa Monica, CA Sun Apr 5, 2009

santa monica. And can I still get a seocnd for the down payment and a little extra for fixing up etc...

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SERGEY FEDNOV…, Agent, Beverly Hills, CA
Wed Apr 11, 2012
I can arrange 0.5% Down Payment for Sure with your credit score ( there is a possibility of Zero down as well!)

Please feel free to call me 424-777-9377 - i'll be happy to help you out.

Thank you for your time.

Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855) ext. 777.

Sergey Fednov

President - Realtor®
- Trust Sale Realty -

Residential & Commercial Real Estate
Toll Free: 1-855-TRUST-55
Toll Free: 1-855-878-7855
Phone: 424-777-9377
Fax: 310-356-4925 http://www.TrustSale.com http://www.TrustSaleRealty.com
Lic# 01896869
7 votes
Kawain Payne, Agent, Seal Beach, CA
Wed Mar 28, 2012
If you are a first time buyer a 650 score will be met the min score required for a

FHA loan. ( min score needed is 640).

If you need downpayment assistance contact the California Housing Finance Agency.

They offer programs with little or no downpayment, and a 650 score meets their min requirments.

As for the amount of loan you will qualify for there are factors other than your credit score that come into play.

Only a lender can tell you the amount you will actually qualify for, after they review your credit, income and debts .

Best of luck to you.

Kawain Payne, Realtor
0 votes
Crestico Rea…, , Los Angeles County, CA
Tue Apr 7, 2009
Dear Ter,

There are different kinds of FHA loans that are available for you...from the 3.5% down or the 203(k) loans. I suggest you get in touch with a Direct FHA Lender so that you can ensure you're getting the best rates and programs in your range. I have a dedicated representative I can refer you to for further research.

Mr. Houtan Hormozian
American Guardian Home Loans
(949) 242-5215

Good Luck!
Web Reference:  http://www.crestico.com
0 votes
Jodi Summers, Agent, Pacific Palisades, CA
Tue Apr 7, 2009
Ter...as in mysTERious?...

Gotta admit, we're with the crowd - FHA with 31/2% down is the way to go...and if you're a first time buyer, you can get an $8,000 tax credit. We're currently condo shopping with a client in Ocean Park, Santa Monica using the same scenario.

As for the second - you'll need to have some equity definitely a chat to be had with your lender.


Jodi Summers
The SoCal Investment Real Estate Group
Sotheby’s International Realty
Change will not come if we wait for some other person or if we wait for some other time.
We are the ones we've been waiting for. We are the change that we seek.
- President Obama
0 votes
Jim Gallup, , Walnut Creek, CA
Mon Apr 6, 2009
Your best prospect is the FHA 203k. You can put 3.5% down - all of which can be a gift from family - and finance improvements into the loan - up to 110% of the finished value. We will consider scores in the low 600's as well.
Feel free to call me for more info (925) 831-6274.

Good luck!

0 votes
Mike B, , Raritan, NJ
Mon Apr 6, 2009
Ter, Only if you have a time machine.

FHA loans are available with just 3.5% down. FHA loan limits vary by county. USDA(moderate income) and VA loans are the only available 100% financing loans these days. I have blogs below about thesse programs.
0 votes
David Chambe…, , Saint Petersburg, FL
Mon Apr 6, 2009
This is the type of loan that got us in this mess, you need to put up some of your own money. I am a mortgage broker and I have a lender to finance you but don't call me because I won't do the loan.
0 votes
Jeff K, Home Buyer, Bristol, PA
Mon Apr 6, 2009
Hi Ter,

You're kidding, right?
0 votes
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