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Harrah : Real Estate Advice

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  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 5
Mon May 13, 2013
UB Home Team answered:
Contact a Lender (willing to advise you) or credit repair company, to improve you credit score. Some Lenders can refer you to a reliable credit repair company. Be careful, as some credit repair folks really do not do much to help you improve your scores.

Best of luck!
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Sat Jan 12, 2013
Shane Milne answered:
FHA mortgages require a 500 credit score, and most FHA lenders minimum score requirements tend to be 600, 620, or 640 - with FHA anything less than a 580 score requires a 10% down payment, otherwise just 3.5% down is required.

VA mortgages have no score requirement, but VA lenders score requirements are similar to FHA's. VA is 100% financing for Veteran's.

USDA Rural Development mortgages have no score requirement - however if you go through a lender most will have 620 or 640 minimum scores, but if you go *Direct* to USDA they do not have any minimum score requirements, but it takes a little bit longer - Harrah is an eligible area, all the way west until Chocotaw Rd. to check the eligible areas and also if your income is not too high/within eligibility limits as well.

Fannie Mae & Freddie Mac mortgage programs require a 620 score, however with less than 20% down you will likely need at least 660-680 scores.

Credit score isn't the only item considered though, what is on your credit report is equally as important. If there are late payments or delinquent accounts in the last 12 months when you apply then that can curtail your chances of qualifying. If it's free of those items for the past 12 months then your credit may be good enough as it is. If there is good reason for negatives, such as an accident at work that prevents you from making money, a medical situation keeping you from working, or a death of a family member who was a wage-earner (among other situations) then that is taken into consideration.

Feel free to ask more questions or provide more information about your situation to get further evaluation.
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Wed Dec 22, 2010
Mandy Gulley answered:
The final price depends on the location and facilities (does it already have a well and septic for instance). The last piece of land I sold in Harrah was 2.6 acres with well and septic for $25,000.
If you would like me to send you more information on land available in the Harrah area, contact me through my web site I am based in Harrah so would love to help you find the perfect piece of land.
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Fri Mar 6, 2009
Ryan Hukill answered:
Most times, that terminology is referring to a full commitment from your lender/underwriter, although I suppose they could also be referring to a commitment for title insurance. I'd ask for
more clarification.
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Mon Oct 13, 2008
Jace Thoreson answered:
Do you happen to be in the military? Where either of your parents? If so you may be able to qualify for a VA loan which are pretty friendly on mobil and manufactured loans. Do you know if the mobile has been moved more than once? If it has been then it will be almost impossible to get a loan on. For more questions that you'll need to know to find out if you can finance it I would recommend calling Debbie Binion, she's with Century 21 Mortgage, 405-613-7359. Another good lender to call would be the Bomar team at 405-445-5445. ... more
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