No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
4.5 is possible, now... more
Hello Gdb94086, that is hard to say without knowing all the parts of the equation because the rate may be higher with mobile home financing. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.
The purchase in 94086 zip code of Sunnyvale start at 365k for 2bd 1ba condo which is as low as $1,825 down payment with a minimum 580 fico score @365k. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.... more
I believe this statement is correct. BTW, in case you need more info about first time home buyer credit, I found an editable PDF document in this link http://goo.gl/pdJ0LD. This site also has several related forms that you might find useful.... more
If you are competing with other buyers to purchase a home your choice of lender will affect whether your offer will be accepted. Your real estate agent should be able to recommend a good lender who will give you a competitive rate and carry through with whatever he promises. Unfortunately not all loan agents can deliver what they thought they could.
Your own financial situation can affect who would be the best lender. Different lenders offer different programs, can handle different debt to income, can use different assets such as 401k money, etc to qualify you for a good loan. Rates are constantly changing. You are better shopping for one or two good loan agents, then talk with them. A good place to find a loan agent is from your real estate agent.
Zip 94087 home values http://julianalee.com/zip-code/94087-statistics.htm
I have several top loan agents who I recommend to my buyers because they are well known and help the client establish credibility in the eyes of the seller, offer competitive rates, have great experience to draw on, and do what they say they will do.
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
It's always a good idea to check out more than one lender to see what lender can best fit you and your situation. The problem is that fees that are required from you during the process can add up if you have multiple lenders that you are working with. I am also a lender and I would be glad to speak with you to see if I can offer you any help with your situation. I have done plenty of loans throughout California so feel free to contact me if you need a loan or any help at all. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 firstname.lastname@example.org... more
Hi Christopher. Debt itself is not a barrier to getting a loan. In fact you NEED some debt! Or rather *history* of debt *and* history of repaying it to get another debt, i.e. a loan. I'm assuming that your 20K debt is actually student loans. The important thing is not the amount of debt, but the monthly payments, and their ratio to your gross income. This is known as DTI, or debt-to-income ratio. It's also good that you have a credit card. This will help build your credit history. Ideally however, you need 3 "trade lines" which can be credit cards, auto loans, mortgage, store cards (not as good) to get a mortgage, and ideally with at least 12 months, and preferably 24 months history. You will also need at least a 12 month documented history of rent payments. You will also need 1 month's paystubs from the new job. Your best bet would be an FHA loan which is backed by the government and is tailored for 1st time buyers like you. You will also need some cash in the bank! Minimum of 3.5% downpayment for FHA.
So as you can see there are quite a lot of requirements for getting a home loan! Assuming you will be buying in Atlanta, you should find a reputable mortgage broker there and start talking to him/her from now so you can find out exactly what you need. They will also be able to connect you with a reputable Realtor who can help you with house prices.
I can't help you get a loan in GA, but I'd be happy to talk thru the general requirements.
Best of luck!
The buck stops when you do not have a rental history for 2 years on your Tax returns nor can show
2 Rental check deposits, nor show any equity in your principal residences.
Or go with a Stated loan, and be ready to pay a higher rate. Otherwise, wait till the market
for lending improves.
Check this out:
Banks do not want to lend you money to move up, while many have chosen to walk away from
their first home after, buying their second home. This is called Strategic Default, and this is what
the Banks and Government is concerned of.
Any questions call me at http://www.trulia.com/blog/perry_mistry/
"SO I guess I did not read the question correctly. My appoligies. Let me restate my answer, Yes you can pay down the mortgage to 20% and the MI would drop off, "
Sorry Richard, but that's still not correct. FHA mortgage insurance comes off at 78%, not 80%.
While you may think I am being overly harsh and petty, I 'm not. I just believe that accurate information is paramount to people looking for advice about their largest asset.... more
I work for Cashin Company Realtors and we have an 'in-house' lender at our offices. If you would like to speak to a very knowledgeable mortgage broker I can refer you to him. Please give me a call and I can set up a meeting. My phone number is 408.679.0333 cell or 650.469.7339 direct.
408.679.0333 cell... more