As a seasoned mortgage broker and Realtor in the immediate/local area, it is my firm belief that the single most important thing you can do is put yourself in the best buying position as possible because in this highly competitve buyer's market vitually all properties have multiple offers. Therefore, in order for your offer to be considered and accepted it is imperative that you have the highest FICO score and best loan qualifications as possible.
Yes, there are loan programs for buyers with low FICO scores and minimal down payment, but I can assure you that you will be wasting many hours and encounter a lot of frustration as you will continue to come up short in the multiple offers game. It would be in your best interest to do the necessary homework now, get your FICO scores up, and have funds for some type of down payment so that we can do our best to qualify you on a conventional loan product. With this being such a huge and long term investement you want to make sure that your qualifications are represented in the best possible light.
If you are truly serious about buying a home then please do not fall for the quick sales pitch. I would encourage you to contact me directly so that I can walk you through, step by step, as to how we can qualify you for a loan with the absolute lowest rate and fees. It's no longer just about having a loan approval. Rather, it's about what type of loan approval do you have?
Please give me a call at your earliest convience so that I can dicsuss the details with you further. I look forward to hearing from you soon!
Good Neighbor Mortgage & Realty
1 Park Plaza, Suite 600
Irvine, CA 92614
Toll Free: 888.83.MYHOME
Toll Free: 888.83.MYLOAN