Comments on: Can someone with a less than perfect credit history get a home loan today January 23, 2008?

By: americannationwidemtg

americannationwidemtg — Sat, 16 Jan 2010 23:12:59 +0000

I think what is realistic is the fact that you should be able to find affordable, comfortable housing in a good-to-great school system, and still be able to afford the payments.

Try notching it down a bit to about 150K, no matter what another Loan Officer would tell you.

I always like to tell my clients to make sure there’s room…for what you say?

Another child, a sickness, a job loss, etc. Anything can happen, or not happen. But the key is being prepared for it either way. That’s the definition of secure.

With your scores, you should have no problem finding a place to call home.

Good Luck, relax, and GIT if you have an other detailed questions.

americannationwidemtg@yahoo.com
References :
http://www.amnatmortgage.com/MortgageCalculators

By: Nicki C.

Nicki C. — Sat, 16 Jan 2010 22:38:59 +0000

I’m 22 and my husband is 23 we have a baby, two autos and he has $10,000 in student loans. My credit score is similar to yours. and his is a little lower. Because the sub prime market lenders are about to go under I would recommend you get in on one and apply with your name and your wife’s. Also, the best way to get approved for a loan is build a new home with a developer. I would recommend Republic or First place bank. They gave us a loan based on me closing out a collection on my credit report, and we can afford it the interest rate is 5.25% fixed on a $126,000 home. Also check into the Nehemiah Progran for downpayment asistance it is free and you pay $200 to your lender to do the program. Also, keep in mind closing costs can roll into the price of a loan if you file for and FHA loan. Here are some sites you can check out. I recommend the nehemiah website.
References :
http://www.nehemiahcorp.org/

http://www.firstplace.net/

By: Alissa

Alissa — Sat, 16 Jan 2010 21:56:59 +0000

I think you should have no problem getting a loan. But I would make sure you will be able to pay for a mortgage with all of your other loans
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By: HM 10

HM 10 — Sat, 16 Jan 2010 21:36:59 +0000

Maybe
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By: Mister Know It ALL..

Mister Know It ALL.. — Sat, 16 Jan 2010 21:25:59 +0000

NOPE!!!
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By: redwine

redwine — Sat, 16 Jan 2010 20:52:59 +0000

do you have anything saved? how much equity can you put down? tba
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By: Johnny A

Johnny A — Sat, 16 Jan 2010 20:44:59 +0000

I think 200000 is right on...
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