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A Curious User
a year ago
4 years ago we purchased a property via land contract. During that time we blew our credit rating moving locations and starting over with our business. For this reason we can barely buy a car at decent interest rates despite good monthly income. We have paid our land contract payment every month without fail and wish to get a "proper" mortgage but we are afraid that one look at our credit scores will devastate those chances. Is there anyone out there who will grant us a mortgage with (around) prime interest rate?
 
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Best Expert Answer
Joe Wallace... Answered 307 more questions
a year ago
Your FICO scores and other financial qualifications will determine your access to "prime" mortgage loan interest rates. One thing you should consider doing is calling the FHA directly at their toll-free number (1-800 CALL FHA) and request a referral to a local, HUD-approved housing counselor who can help with pre-purchase planning and advice on credit issues before applying.
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For example, I bought my house for $158k. My current mortgage balance is $142k. The bank told me a few days ago my home is worth about $245k.
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Lesley Hudson
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I am a permanent resident living in Texas. After 20 years I have no idea where my card is. I can not request a replacement online because I am not a citizen of the USA. I have my number but I am being told by my lender that it is an FHA requirement that they see my actual card. My question is, are they correct ? I have all other documents required and have never ever been asked for my actual card before.
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Matthew Hall... Asked 1 more question
a year ago
I am looking at purchasing a new house, this would be new construction in a planned community. I currently have an FHA loan on my current house. I have enough equity in my current home along with assets to have a 20% down payment on the next home. Is it possible to start the house and mortgage before selling my current home?
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A Curious User
2 years ago
My spouse and my credit scores have a high and low range for each of us. I just want to find out what mortgage companies will use.
My spouse and my credit scores have a high and low range for each of us. I just want to find out what mortgage companies will use.
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