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MARILYN FLUCKEY
3 months ago
Can someone qualify for a loan if they have a low credit score?
Can someone qualify for a loan if they have no collateral other than vehicles?
Can someone qualify for a loan if they have no savings accounts?
Can someone qualify if they have credit cards that are all current but one (5 cards)?
 
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Best Expert Answer
Joe Wallace... Answered 323 more questions
3 months ago
FHA loan minimum credit score requirements are 580 or above for maximum financing, between 500-579 for financing with 10% down. Lender standards may (and often are) higher than these FHA loan minimums. It is strongly advised to be current on ALL financial obligations for at least 12 months before applying for a mortgage loan. The Obama Mortgage was created for borrowers who have mortgage payments but may be experiencing difficulty making payments. You can learn more about the Obama mortgage at https://www.fha.com/define/obama-mortgage
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A Curious User
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I am a retired veteran and found a single family home that I'd like to buy using my eligibility. The listing agent told me that the property for sale sits on 12 acres of land. I have been informed that the VA guidelines would allow me to do this with VA financing. Does anyone know for sure if this is allowed?
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ramon ibarra
2 years ago
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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Ryan Teodoro... Asked 1 more question
2 years ago
My mom recently put her house in my name since I am now paying for it and I was looking to refinance since her credit was poor when she initially purchased the house. I don't have a lot of money to put down but I know my credit is better than hers was originally. Which bank or credit union would be best to look at for low rates?
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A Curious User
2 years ago
I'm shopping around for hurricane coverage for my VA home loan. My agent is asking me if I want a 2%, 3%, 5%, or higher amount of deductible. I would like to know what is acceptible.
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