Need help in the first-time buyer process with decent income & subpar credit.

Asked by Walter English, Chicago, IL Sun Sep 29, 2013

My Credit: 505-520
My Income: $51K (self-employed)
Fiancee Credit: 588-616
Fiancee Credit: TBD (unemployed)

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Riccardo War…, Agent, Bolingbrook, IL
Mon Sep 30, 2013
i need to show yo how to get your credit score up about 60 to 80 points, then we can get you into a home before Xmas, hows that for a Xmas present? Possibly even Turkey day....

Riccardo Wardlow
Quality Mortgage Lending


*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 620 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 620 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
*We do Itin loans
1 vote
Sounds great; I will make that call this week. :)
Flag Mon Sep 30, 2013
Marco Mallard, Agent, Evergreen Park, IL
Mon Jan 13, 2014
Hi Walter:

I see you posted this a while ago, and if you're still on the hunt, give me a call.

Your situation doesn't look the easiest to work with, but perhaps since then you've done some work to your credit? I am also an officer of a program that specializes in preparing purchasers like yourself to be ready to own a home.

If I may be of service, please give me a call.

0 votes
Chris Fischer, Agent, Homer Glen, IL
Tue Oct 1, 2013
As an agent, I highly recommend reaching out to a Loan Officer/Mortgage Broker.

They will work with you and get you where you need to be to purchase.

Once you have that straightened out, contact someone like us to help you with your search!

-Mike Kelly
The Chris Fischer Group
0 votes
Ashley Pimen…, Mortgage Broker Or Lender, Lombard, IL
Tue Oct 1, 2013
I work with some lenders who accept credit scores as low as 500. Contact me if you want to submit an application. Thank you

Ashley Pimentel
Senior Loan Originator

Market Place Mortgage
246 E Janata Blvd. Suite 220
Lombard, IL 60148

Cell: (630) 217-7013
Office: (630) 396-7787
0 votes
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