2006-12-06 02:59:56 · 11 answers · asked by betajdl 2 in Business & Finance ➔ Renting & Real Estate
Yes it is possible. Everything depends on income, equity, credit, and assets.
Check out www.lendingsolutionsnetwork.com and call Eric, he will be able to help you out.
2006-12-06 03:16:22 · answer #1 · answered by eric k 3 · 0⤊ 0⤋
It is possible. With a 520 credit score, they will need 10 to 20% down or in equity. If they are looking for 100% financing, they will need at least a 580 credit score.
Hope this helps.
2006-12-07 05:51:57 · answer #2 · answered by Mama of Four 4 · 0⤊ 0⤋
Most mortgage companies don't do anything less than 60K for a mortgage. So, you'd have to take out a regular personal loan and with that credit score, highly unlikely. Sorry. Just work on repairing your credit. There's still time to catch some deals in the next couple years.
2016-05-23 00:04:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes there are loans for people with a 520 score. Most importantly at http://www.justgetaloan.net we specialize in assisting people with all types of credit backgrounds find the lowest rate and best mortgage terms available for their particular situation. Be sure to tell the to log on. Also for further assistance I can be contacted at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
2006-12-07 07:46:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, it is possible to mortgage someone with a 520 FICO. It is also possible to do it without even paying closing costs. The link below will tell you more about it.
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred's of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website - I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.learntofliphouses.com
Kind Regards and Good Luck!
Adam Monforton
2006-12-06 03:16:07 · answer #5 · answered by p3mofo 2 · 0⤊ 1⤋
My old mortgage broker told me that she got 100% financing for someone that had a credit score of 518, but I don't know how much money they made per year. Income might have had something to do with them getting approved. She went through First Community to get them approved.
2006-12-06 03:03:08 · answer #6 · answered by Craig 2 · 0⤊ 0⤋
Yes it is possible. There is web site called lendingtree.com and they seem to be very good at finding the tougher mortgages for people with less than perfect credit.
2006-12-06 03:03:01 · answer #7 · answered by nascar88honey 3 · 0⤊ 0⤋
I work for Aegis Lending and we are a direct lender that works with the non prime borrower. Look on the web at lowermybills or mortgagerates4less. They will help you out.
2006-12-06 05:18:19 · answer #8 · answered by rdncgirl 2 · 0⤊ 0⤋
wow that maybe kind of hard, but try to base it on there income rather than there credit try wells fargo, or ur local banking inst, check ur city or state and find first time home buyers progams
2006-12-06 03:03:55 · answer #9 · answered by baltimore_queene 3 · 0⤊ 0⤋
Yes it is.
Matt
http://www.diversifiedlender.com
http://www.homemortgageminnesota.com/
http://www.refinance-second-mortgage.biz
http://www.minnesota-mortgage-rates.net
2006-12-06 03:51:30 · answer #10 · answered by Matt J 3 · 0⤊ 0⤋