I have 25 down and looking for houses around 140K in Lake Elsinore or Hemet area. My fico score is very weak and wondering should I even proceed?

Asked by activads, Lake Elsinore, CA Tue Feb 19, 2013

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bdhambleton’s answer
bdhambleton, Both Buyer And Seller, Lake Elsinore, CA
Wed Apr 17, 2013
I own 3 lots in the area with astonishing views, looking for someone to buy them and build or place new modular, There are some really nice models these days, Maybe there is some type of turn key arrangement we could come up with. you can contact me at 951 236 0412
0 votes
Martin Monta…, Agent, Corona, CA
Tue Feb 26, 2013
Hello activads,

What do you mean your FICO is too weak?
There are many reason why your score may be lower that what would be considered strong.
There are a lot of programs and different types of loans you may qualify for.
First thing would be to see what is affecting your credit score and if possible fix that situation to increase your score.
Feel free to contact me, I can recommend a good lender that can work with you.
Once you have a pre-approval I'd like to offer my services in helping you find the home you are looking for.

Martin Montanez
myhomenow@hotmail.com
0 votes
Carol Reed, Agent, Lake Elsinore, CA
Tue Feb 19, 2013
Good morning,

You should start with a good lender for qualifying. Contact me and I can give you the name and number of a good one. Your down payment is sizable and you should be able to get into something easily. I am happy to be of assistance to you. Feel free to contact me direct.

Good luck and have a wonderful day.

Carol Reed
951-660-5786
0 votes
Shanna Rogers, Agent, Murrieta, CA
Tue Feb 19, 2013
Hi activads,

I know a great loan officer. Contact her and she can let you know what you may qualify for. Her name is Jenny Hall and her telephone number is (951) 970-5111.

Once you know what you qualify for, I would be more than happy to assist you in finding your home.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes
Brad Yzermans, Mortgage Broker Or Lender, Murrieta, CA
Tue Feb 19, 2013
What does 'weak' mean? Little to no credit history? Collections?

Are you concerned you may not qualify? Or concerned about the Fannie Mae loan level price adjustments when having a lower FICO score?

Give me a call and we can run your file through the Fannie Mae Desktop Underwriter program and secure a pre-approval quickly.

I'll even show you the actual rate sheet so you can see the amount of lender credit you may receive based on the rate you want to choose.
Web Reference:  http://homeloanartist.com/
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