Home Buying in Gardner>Question Details

Shalaannc4, Home Buyer in Gardner, KS

my husband has a credit score of 623 we will have a bankruptcy that will be finalized for 2 years in november

Asked by Shalaannc4, Gardner, KS Tue Oct 2, 2012

wanting a 100% loan is this possible

Help the community by answering this question:


Stephanie Leon’s answer
USDA Rural development loans are an option in your area. These loans will allow for 100% financing but, you will need to qualify for the program.

Here is a link to see you are eligible:


Here is a link for USDA Rural Loan Program details:


You should be able to qualify for a FHA loan however, you will need 3.5% down.

I suggest you contact a local mortgage broker/lender for more info on loan programs for your area.

Good Luck...
Web Reference: http://www.SLeonRealtor.com
1 vote Thank Flag Link Tue Oct 2, 2012
Yes you can get approved with a 600! You probably don't need to get your scores up anymore. There are a few Lenders that can do a 600 mid score home loan. They just aren't always easy to find and some try to over charge you on the rate and fee's. I have had a lot of my clients with 580-600 scores approved for a home loan with The Lenders Network, not bad rates either.
0 votes Thank Flag Link Fri Aug 16, 2013
Many outlying areas of the Kansas City Metro do qualify for USDA loans, as others have mentioned. This currently includes not only Gardner, but De Soto, Spring Hill and parts of Stilwell in Johnson County Kansas.

There is another 100% financing option in the Kansas City metro that would allow you to purchase a home in any of the local suburbs. When I last checked, about 46% of all homes in Johnson County qualified for this program, leaving you a huge selection of homes from which to choose.

Give me a quick call if you are interested in learning more about the program and I can email it over to you.

Wishing you much success,

Dwight Goodwin
0 votes Thank Flag Link Thu Jan 24, 2013

We specialize in working with customers in your exact position. We would be willing to give you a free credit analysis and see if we cant get you pre-approved for a mortgage. USDA/RD loan would definitely be something we can assist you with. Rates are at an all time low so it's a great time to buy :)

There are many different ways to get in touch with us, we cant wait to hear from you.

Stephanie Clasen - Marketing Director
Facebook: http://www.facebook.com/envoy.kansas.1/info
Email: ksmarketing@envoymortgage.com
Phone: 316-315-4718
0 votes Thank Flag Link Mon Oct 22, 2012
sorry the bancruptcy will be discharged for 3 years in november and we are in the pratt area
0 votes Thank Flag Link Wed Oct 3, 2012
There are a couple lenders I know that will do USDA loans with a 620 credit score. If you want me to have them call you I will - just email me your phone number.

0 votes Thank Flag Link Wed Oct 3, 2012
Shop around for a mortgage broker, they have access to many banks and private lenders and many different programs. Choose one that can answer all your questions on your first meeting and give at least two financial options.

Best of Luck,

Maria Cipollone

0 votes Thank Flag Link Tue Oct 2, 2012
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