Hello Maria, yes that may very well be possible but there may be a cost. You will first need to be pre-approved to be able to submit offers on any of interest.
You may qualify for FHA 3.5% down from a minimum 580 fico score and from 3% down conventional from a minimum 620 fico score.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores and how much you want to invest into the purchase. You can check out the options at the web reference below and check it out.... more
It depends on how the contract is written and at what stage you are now. Have you passed the option period? Have you passed the financing period? What do you mean by fund is available? Did the lender decline your loan? Where's your realtor? You should be asking her your question as she knows the details of you transaction.... more
If you're obtaining a loan, your lender will conduct an appraisal. Even though you're planning on putting 77% down... the lender wants to confirm that the property is really worth what you're paying.
With that large a down payment, it's possible they'll conduct a "drive-by" appraisal (just to determine that the house is really there!)... but my guess is that most lenders will still require one.... more
Your realtor should be able to assist you. The sales associate in the builder's office will not be looking after your interest but the builder's. If you don't have a realtor then I would suggest that you work with one.... more
I can do FHA & VA loans down to a 600 score BUT with a situation like this I would work with you on getting your scores up to qualify for a conventional loan so you have some options to pick from.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
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Great Plains National Bank
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What does your REALTOR say? What does your contract say? In a contract to buy you can terminate over inspection issues and still get your earnest money back. Or, if the property was inspected and it was fine at the time of inspection, but now it's not, I'd ask the seller to fix the a/c. You really need to discuss this with your agent and figure out what your options are. If you refuse to sign closing docs, you could lose your EM.... more
I need help to find a house to rent that has 4 bedroom 2 bathroom and allows pets with lows pet deposit and zone for waters middle school in Portsmouth Va. in the zip code 23707. my price range is 800 -1.200 a mouth... more